SEC vs. Ripple is an open court case in the United States Southern District Court of New York that could decide the future of cryptocurrency regulations and determine if it is a security or a commodity. It may be decided in the first half of 2023.
Considering the crypto sentiment right now and the tight regulation about to hit the market, i think the Securities and Exchange Commission will win the case against XRP.
Technical analysis is also bearish, XRP being inside of a Bearish Pennant right now.
I`m considering a retracement to $0.18 and even $0.10 after the judge decision.
Looking forward to read your opinion about it.
Considering the crypto sentiment right now and the tight regulation about to hit the market, i think the Securities and Exchange Commission will win the case against XRP.
Technical analysis is also bearish, XRP being inside of a Bearish Pennant right now.
I`m considering a retracement to $0.18 and even $0.10 after the judge decision.
Looking forward to read your opinion about it.
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