[ad_1]
Foreign Exchange Market
Ripple's developed after the release of the first regulated cryptobolse in Australia, Independent Reserve had announced that it would include this crypto currency on its list. Private and institutional investors from 7 July can operate with Ripple. In addition, the availability of Ripple in this stock exchange is beneficial in the long run, since the Independent Reserve has indicated that the currency would remain among the instruments operated fulfilling only the conditions of quality, stability and volume of trade.
However, this motto he lost his office after another lawsuit was filed against the founders of the company Ripple Labs.The plaintiff argues that the defendant violated federal and state laws, selling the tokens unregistered Ripple. The plaintiff claims the return of his investments and the compensation of the losses, indicating at the same time that XRP is part of the initial offer without limits and also presents several characteristics of values, which obliges the issuing company to present information to the investors, including possible risks. In addition, it is noted that the defendant used several tips to create an artificial demand and increase the price of XRP. The issue of Ripple's recognition as collateral is pending until the decision of the Securities and Exchange Commission.
From a technical point of view, the price has risen by reaching the minimum of last December, but the downward trend continues in development. According to Libertex, the strongest resistance is at 0.5500. In case of breakage, the road will open at 0.6270. If the support level of 0.4500 is broken, then 0.4214, XRP can return to 0.3000.
Prepared by Iván Marchena, Libertex Analysis Expert
Libertex is one of the most modern and innovative platforms in the trading world
To see more signals we invite you to subscribe to our Periscope: https://www.periscope.tv/libertexesp/
Warning: Profitability in the past does not mean profitability in the future. Any forecast is for informational purposes only, and is not a guarantee.
[ad_2]
Source link
