XRPUSD (Ripple) – Week 22 – Can it break $1 USD and go higher?
RippleX has announced the start of a community grants program for initiatives based on the XRP blockchain. NFTs, Core infrastructure, developer tooling, Developer UX, and security will be the emphasis of the Grants Program. For the initial round of funding proposals, the team promotes initiatives that focus on NFTs. The first round has a deadline of June 10th.
The SEC claims that Ripple attempted to influence public image of XRP through lobbying. According to the SEC, such lobbying activities were utilized to shape a legal narrative around XRP that suited Ripple's own interests. Evidence of XRP perception lobbying will be used to oppose Ripple's fair notice case, according to the SEC.
Technically, we see that XRP reached the resistance area at around $1 USD a couple of days ago and after that it started resuming its downtrend. For this pair the higher probability move is a continuation of the downside with or without retesting the resistance area.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
The SEC claims that Ripple attempted to influence public image of XRP through lobbying. According to the SEC, such lobbying activities were utilized to shape a legal narrative around XRP that suited Ripple's own interests. Evidence of XRP perception lobbying will be used to oppose Ripple's fair notice case, according to the SEC.
Technically, we see that XRP reached the resistance area at around $1 USD a couple of days ago and after that it started resuming its downtrend. For this pair the higher probability move is a continuation of the downside with or without retesting the resistance area.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Related Ideas
