XRP/USD is growing in sync with Bitcoin, stays above $0.4600. Ripple continues to defy accusations of security issuance. XRP/USD is trading at $0.4624, 0.7% higher on a daily basis amid positive market sentiments. XRP’s market value is registered at $18.1B with the average daily trading volume $221M . Meanwhile, Ripple company tries to stem speculations about XRP’s legal status and claims that it is not a security. “Everyone is free to say what they want or pursue their own agenda in the media, but ultimately the facts around XRP will win out over uninformed speculation,” spokesman from Ripple explained in the interview with Express.co.uk. “XRP doesn’t give its owners shares in Ripple, the XRP Ledger is decentralised among 150 plus independent validators – Ripple operates only 14 of them – and XRP would continue to exist even if Ripple disappeared tomorrow. Based on these facts – and many more – we continue to believe XRP should not be classified as a security,” he added XRP is in the center of discussions, plagued by several law suits from disappointed investors, but the US regulatore has yet to voice their opinion on the matter. Ripple’s technical picture From the technical point of view, XRP/USD stays above both 50 and 100-SMA (1-hour chart) at $0.4582 and $0.4555; fresh buying interest spotted around this area, keeps XRP’s short-term bears at bay; however, if this area is cleared, the downside may be extended towards $0.4500 and $0.4290 (Friday’s low). On the upside, the local resistance comes at $0.4653 (200-SMA) and $0,4800. XRP/USD, 1-hour chart FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Gold lifts back to $1,230 on positive EU-US trade talks FX Street 5 years XRP/USD is growing in sync with Bitcoin, stays above $0.4600. Ripple continues to defy accusations of security issuance. XRP/USD is trading at $0.4624, 0.7% higher on a daily basis amid positive market sentiments. XRP's market value is registered at $18.1B with the average daily trading volume $221M . Meanwhile, Ripple company tries to stem speculations about XRP's legal status and claims that it is not a security. "Everyone is free to say what they want or pursue their own agenda in the media, but ultimately the facts around XRP will win out over uninformed speculation," spokesman from… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
