Since no recent news concerning the Ripple versus SEC case has been shared with the XRP community, Twitter user Martin Valk has addressed the XRP community members who typically do this, wondering whether this implies that the litigation between Ripple and the regulator would now be conducted behind closed doors.
The Ripple financial service provider has sent a substantial sum of XRP to Jed McCaleb, who helped start the company and served as its first CTO for a year. According to a tweet from the Whale Alert service, which records huge digital currency transactions, he has acquired over 291 million XRP tokens from the firm.
Technically, XRP has low volatility in the last weeks and it moves with a lot of up-down swings that don’t give us a clear direction. If the price stays below the orange trendline we give a higher probability for a continuation to the downside. If the price breaks the trendline and consolidates above with a nice structured correction, that may be a sign for the upcoming upside. We advise caution.
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 Ripple financial service provider has sent a substantial sum of XRP to Jed McCaleb, who helped start the company and served as its first CTO for a year. According to a tweet from the Whale Alert service, which records huge digital currency transactions, he has acquired over 291 million XRP tokens from the firm.
Technically, XRP has low volatility in the last weeks and it moves with a lot of up-down swings that don’t give us a clear direction. If the price stays below the orange trendline we give a higher probability for a continuation to the downside. If the price breaks the trendline and consolidates above with a nice structured correction, that may be a sign for the upcoming upside. We advise caution.
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.
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