![]() The post XRP Loses Critical $0.5 Support Level, Here’s the Next Bearish Target (Ripple Price Analysis) appeared first on CryptoPotato. On the other hand, a bullish breakout from the channel would cause the price to target the 200-day moving average once more in the short term, located around the significant psychological 0.00002 SAT resistance level. If they said they have issued the refund, you should probably just wait for the funds to appear on Binance. Find real-time live price with technical indicators to help you. On Thursday, Judge Torres ruled that XRP is not a security in Programmatic Sales on exchanges. Ripple/XRP should hopefully speed up bank transfers and withdrawals in the future. Trade XRP to BTC and other cryptocurrencies in the worlds largest cryptocurrency exchange. If the 50-day moving average fails, the 0.000016 SAT support area would be the next key level. The bottle neck now would be the Nostro Vostro Swift Bank to Bank Service. Both the higher boundary of the channel and the 0.000018 SAT resistance level are trying to push the market further down. ![]() However, the 50-day moving average is currently providing support around the 0.000017 SAT mark. It was even rejected from the 200-day moving average on the first try and dropped back into the channel, creating a fake bullish breakout. Trade XRP to ETH and other cryptocurrencies in the world’s largest cryptocurrency exchange. Custodia was founded by Morgan Stanley veteran Caitlin Long. According to attorney John Deaton, Custodia’s fight against the Feds is arguably just as important (if not more) as the Ripple-XRP case. Binance Co-Founder and CEO Changpeng Zhao, widely known as CZ, speaks during a press conference at the Europe. The legal dispute took a new turn after Custodia slapped three lawsuits against the regulator in three separate circuits. Moving on to the BTC chart, it’s evident that XRP has repeatedly failed to break above the large descending channel pattern. The SEC sues Binance, unveils 13 charges against crypto exchange in sweeping lawsuit. While there are strong support levels, the recent bearish rejection could still be worrisome for the bulls. This is closely followed by the $0.43 static resistance level and the key 200-day moving average, both located around the same price. The 50-day moving average is the first potential support level, around the $0.45 mark. Looking at the USDT chart, it’s clear that the price has been decisively rejected to the downside from the $0.60 resistance level. Getting in direct touch with the community is a vital touchpoint for Binance and CZ. ![]() CZ has also taken the time to reply to a selection of unanswered questions from the AMA session. It was rejected significantly against USDT and formed a fake bullish breakout against BTC. On Saturday, May 21, CZ spent an hour answering r/CryptoCurrency’s top questions. Moving forward, stakeholders will closely monitor the market dynamics surrounding XRP, as the relisting announcement from Binance US paves the way for a potentially transformative phase in Ripple's journey.XRP’s price has shown signs of weakness recently. We want to do everything we can to protect you from fraud, so we dont accept payments from your accounts to Binance. This has happened almost a month after rejections from The German Federal Financial. Binance has confirmed withdrawal of its cryptocurrency custody license application in Germany, Cointelegraph reported. The favorable verdict in the SEC-Ripple case, coupled with the market's positive response, brings renewed optimism to XRP investors and enthusiasts. German financial regulator rejected Binance's custody license application in June. The relisting of XRP by Binance US, following Coinbase's lead, signals a promising future for Ripple and its token. With exchanges relisting XRP, it opens doors for broader accessibility and market participation, fostering increased liquidity and potential growth for Ripple's native token. The decision brings clarity to XRP's regulatory status and reinstates confidence in the token. The victory in the SEC-Ripple case has far-reaching implications for XRP and the cryptocurrency market as a whole. This surge in value reflects the market's positive response to the relisting and the renewed interest in XRP as a result of the favorable SEC-Ripple case verdict. ![]() XRP witnessed a tremendous rise, reaching as high as $0.94, before stabilizing at $0.79 at the time of writing. The relisting news had an immediate impact on the price of XRP, leading to a significant price surge. ![]()
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