XRP is experiencing a strong increase in price and trading activities increased by 77% after Ripple's partial victory against the Sec
XRP is experiencing a strong increase in price and trading activities increased by 77% after Ripple's partial victory against the Sec
XRP price increase and increased trading activity after the participation of Ripple against the sec
The cryptocurrency XRP recently recorded an impressive price increase, which increased the value to over $ 0.80 per coin. In addition, commercial activity has increased by a whopping 77 % in the past seven days. This increase is mainly attributed to the part of Ripple's partial success against the United States Securities and Exchange Commission (Sec).
In the court ruling, it was recognized that the institutional sales of Ripple can be regarded as securities. However, it is important to note that all other sales via a crypto exchange are not classified as securities. As a result, the legal status of XRP has gained some clarity. This judgment is largely seen as a significant victory for Ripple Labs and its digital tokens.
Currently XRP is approaching a decisive level of resistance of $ 0.85. This indicates a solid purchase pressure on the market. The optimistic trend is a positive sign of the medium -term prospects of Ripple and gives hope for good times for digital tokens.
According to the data of the crypto market tracker CoinmarketCap, XRP is currently traded at a price of $ 0.828. The Ripple course has increased by almost 5 % in the last 24 hours. Nevertheless, XRP faces $ 0.85 in front of a huge resistance zone. This region is characterized by high sales pressure and an increased offer, which makes it difficult for the digital currency to break through this level.
Despite the resistance zone, the market mood among the traders remains optimistic. This increases the likelihood that XRP can successfully overcome the resistance area.
The question of whether XRP will break through the coveted $ 1-dollar mark remains open. When analyzing price movements, it is important to be careful and take historical patterns into account. As a rule, crypto-assets go through a consolidation or correction phase after significant upward trends, and XRP is no exception.
So it is likely that the price will enter a short -term correction phase, accompanied by increased volatility and reset before the next strong upward movement starts.Nevertheless, XRP, strengthened by the positive outcome of the SEC process, has a promising opportunity to exceed the long-awaited price brand of $ 1.
The positive court ruling and the subsequent increase in price as well as the inflow of capital have noticeably strengthened the trust of investors and traders. If this continues, the Ripple course could break the important psychological brand of $ 1 in the coming days or weeks.
It remains to be seen how the court ruling and the increased trade activity will affect the value and stability of XRP in the medium to long term. However, developments on the market are currently showing a positive picture for the future of the digital tokens of Ripple.
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