XRP Wallets Increase: Lawsuit Finalizing?
Hi Traders, Investors and Speculators of Charts📈📉
The XRP network has witnessed a surge in wallet address activity, indicating a positive trend for XRPUSD. Blockchain analytics platform Santiment has identified these record-setting spikes.
This occurrence suggests an increase in demand for XRP, similar to the price appreciation it experienced after a surge in address activity during March. As of now XRPUSDT has a 4.2% increase for the day and a substantial 7.8% increase since last week.
Increasing independently: This behavior sets XRP apart from other cryptocurrencies like Bitcoin and Ethereum, further supporting the possibility of an immanent breakout. Noting that these spikes in address activity coincide with increased attention on Ripple due to an ongoing lawsuit with the SEC regarding the classification of XRP as a security. The Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple, the company behind XRP, alleging that XRP should be classified as a security and not a cryptocurrency. The lawsuit claims that Ripple conducted an unregistered securities offering worth over $1.3 billion through the sale of XRP. The SEC argues that Ripple and its executives engaged in the sale of securities without complying with the necessary registration requirements. The lawsuit was filed in December 2020 and has been ongoing since then, leading to increased scrutiny and regulatory uncertainty around XRP.
Ripple CEO Brad Garlinghouse has recently hinted at the potential resolution of the case in the next few weeks, though no official timeline has been confirmed for its conclusion.
Should the SEC lawsuit be successfully resolved, it has the potential to provide a significant boost to XRP by addressing regulatory uncertainties and potentially driving increased adoption.
Our technical Indicators are also showing bullish price action on the XRPUSDT chart in the weekly TF, flashing a green BUY signal.
_______________________
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CryptoCheck
XRP
XRPUSDT
XRPUSD
XRPUSDT.P
XRPUSD
XRPUSDT
XRPUSD
XRPBTC
XRPUSDT.PS
XRPUSDT.P
XRPUSD.P
The XRP network has witnessed a surge in wallet address activity, indicating a positive trend for XRPUSD. Blockchain analytics platform Santiment has identified these record-setting spikes.
This occurrence suggests an increase in demand for XRP, similar to the price appreciation it experienced after a surge in address activity during March. As of now XRPUSDT has a 4.2% increase for the day and a substantial 7.8% increase since last week.
Increasing independently: This behavior sets XRP apart from other cryptocurrencies like Bitcoin and Ethereum, further supporting the possibility of an immanent breakout. Noting that these spikes in address activity coincide with increased attention on Ripple due to an ongoing lawsuit with the SEC regarding the classification of XRP as a security. The Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple, the company behind XRP, alleging that XRP should be classified as a security and not a cryptocurrency. The lawsuit claims that Ripple conducted an unregistered securities offering worth over $1.3 billion through the sale of XRP. The SEC argues that Ripple and its executives engaged in the sale of securities without complying with the necessary registration requirements. The lawsuit was filed in December 2020 and has been ongoing since then, leading to increased scrutiny and regulatory uncertainty around XRP.
Ripple CEO Brad Garlinghouse has recently hinted at the potential resolution of the case in the next few weeks, though no official timeline has been confirmed for its conclusion.
Should the SEC lawsuit be successfully resolved, it has the potential to provide a significant boost to XRP by addressing regulatory uncertainties and potentially driving increased adoption.
Our technical Indicators are also showing bullish price action on the XRPUSDT chart in the weekly TF, flashing a green BUY signal.
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We appreciate your support !
CryptoCheck
XRP
XRPUSDT
XRPUSD
XRPUSDT.P
XRPUSD
XRPUSDT
XRPUSD
XRPBTC
XRPUSDT.PS
XRPUSDT.P
XRPUSD.P
Comment:
Upper orange and red Bollinger Bands can also be used for targets in the weekly TF :
