fed warned xrp buyback will allow you to retire in two years xrp to 40 000
new developments have occurred in the xrp case which have aroused great interest from investors
so when will the trial end we are discussing the latest reports on the case and the opinions
of legal experts when will the sec case end which has turned into a life and death struggle for xrp
welcome to the rich club channel if you like this video don't forget to like it and subscribe to the
channel do you think the analysts are right about xrp write the answers in the comments
giving away 500 xrp at the end of the week one random subscriber will receive xrp coins
take a look at the instructions in the comments section all you need to do is write the word xrp
watch the video to the end to like and subscribe the judge who presided over the u s securities in
exchange commission's lawsuit against ripple made an unexpected change to the schedule
james k phelan a lawyer who has closely followed the case says judge torres has changed the trial
calendar which was previously scheduled for 2023 judge torres is changing the proposed schedule
requests to exclude expert testimony must be submitted in full by august thirtieth twenty
twenty two requests for simplified production must be fully informed by november fifteenth twenty
twenty two according to attorney and cryptography expert jeremy hogan the scheduled change shows
that judge torres wants the case settled before christmas oh it's a nice surprise judge torres
rescheduled the summary judgment schedule for november 15th what do i get out of it ripple and
sec ended before christmas last week fillon ripple and the sec reached an agreement to postpone the
opening briefings for the summary review and expert appeals to august and the final briefings
for a few days before christmas hogan said the settlement agreement was the worst case scenario
for the case however phelan said that ripple's recognition of the delay could benefit the company
by allowing them to finally set a date and not waste any more time many are wondering why ripple
has adopted this program i have a feeling they're right about that if ripple had not agreed we would
have seen more disputes which in my estimation would have taken longer then the program of the
movement will move to 2023. in my opinion it was a very smart move for ripple to block this program
accordingly for the case of ripple you can specify a date between november and christmas xrp has not
been able to approach the adh level for several years due to pressure on the case the recent
rollbacks of bitcoin have had a huge negative impact on its price the completion of the case
may allow the price to target the ath level again a bot designed to track intranetwork xrp transfers
has detected several large transactions over the past 24 hours this includes two large transactions
of 500 million xrp each the bot has registered several transactions in the last 24 hours
the usual range seems to be from 5 to 40 million coins so it's worth noting two transactions with
a total amount of one billion coins an interesting observation is that the transactions occurred at
an important moment in the price movement of xrp xrp is trading in the form of a triangle
and its sharp drop since mid april has pushed it to the support line it fell to yesterday's low at
zero dollars 56 but has since recovered slightly to zero dollars 58 after some accumulation just
below the support line xrp indicators suggest that the cryptocurrency is in the lower range and can
expect a bullish correction the rsi is oversold and the mfi is currently in the accumulation zone
the bearish trend is still strong but di is showing signs of trend exhaustion
it is easy to conclude that the observed large xrp transactions are the result of whale accumulation
especially at the support level after all price action has historically stuck to the support line
however on-chain metrics paint a different picture the number of transactions of the sentiment whales
shows a surge in transactions over the past 24 hours the total stock held by whales has
decreased over the same period meanwhile the two-year dormant circulation shows a spike
in the last 24 hours these figures coincide with the mass transfer in the last 24 hours
the offer outside the exchanges also confirms a large outflow in personal wallets over the past
24 hours at first glance it seems that whales are being sold and xrp may move down if the whales
really start selling we should expect a failure of the current xrp support and a push to the bottom
on the other hand the transfer could be carried out between exchanges or institutions
if the latter is true then maybe xrp can hold the support retail accumulation near
the support level may also provide some growth potential xrp witnessed a bearish show after
the benchmark poc red rejected all hopes of a bullish revival from the zero dollars
77 level this refusal has provoked a series of red candles over the past 10 days recent
bearish absorption candles have created a tight resistance in the range of zero sixty five to zero
seven dollars a reversal from the current sales boom may lead to a potential breakout of the
downward wedge which may encounter resistance in this range at the time of publication xrp
was trading at zero dollars 5917 down four 57 over the past 24 hours the sell-off intensified
at the ceiling level of zero dollars 86 which led to a drop of 39 14 over the past 33 days
thus after falling below the poc on april 30th xrp touched its three-month low over the past few days
a descending wedge yellow reversal pattern has been observed in the digital currency in addition
the 50-day ema blue caused a strong selling point which supported the rally in the south direction
the current scenario led to the fact that the price of xrp fell to the support range of zero
58 to zero six dollars although the bulls have maintained this range for more than nine months
they will seek to resume buying pressure on the current support
if the selling pressure continues to weaken xrp may test the upper trend line of the current wedge
aiming to retest the zero dollars 63 mark with the widening gap between 20 ema red and 50 ema
buyers are not yet claiming full freedom of action in their rallies the rsi showed significantly weak
values after it collapsed into the oversold area while the index reached its january lows
a recovery from the current lows seemed quite likely in addition cmf predicted bullish behavior
at its lows last week this trajectory has led to a divergence from the price in favor of buyers
any closure above the zero mark will help buyers to direct the trend to the north
the live xrp price today is zero dollars 88 us dollars with a 24-hour trading volume of 3 billion
740 million us dollars we update our xrp to usd price in real time xrp is down zero four percent
in the last 24 hours do you think xrp will be able to win the court and restore its former price
write the answers in the comments that's it for today thank you for watching this
video to the end if you liked it then don't forget to like it and subscribe to the channel