XRP is capped by $0.5360 on intraday level. CEO of Ripple provides evidence that XRP is not a security. Ripple, the third largest coin by market value, is changing hands at $0.5289, off Friday’s low at $0.5240. The coin is 2.8% lower than this time yesterday, and down 1.3% on the day. Ripple’s market value is estimated as $20.7B, with trading volumes $205B. XRP trading is most active against BTC, trading at Bitfinex and Bitstamp. An official from the Securities and Exchange Commission recently confirmed that Bitcoin and Ethereum aren’t securities, but lack of comment about XRP, made people nervous. Brad Garlinghouse, CEO of Ripple, company behind XRP, named three reasons why XRP is not a security, during CB Insights’ Future of Fintech conference on Thursday. “XRP is not a security for three reasons: if Ripple, the company, shuts down tomorrow, the XRP ledger will continue to operate; it’s an open-source, decentralized technology; …. if you buy XRP, [you are]not buying shares of Ripple – buying XRP doesn’t give you ownership of Ripple.” Ripple technical picture From the technical perspective, XRP/USD is capped by $0.5360 with all intraday MAs clustered around this level (hourly chart) Once this strong resistance is cleraed, the coin will have a chance to extend the upside towards $0.55. On the downside, clear break through $0.5250 will trigger a strong with the initial aim at $0.5020. XRP/USD, the daily 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 Asia stocks fall back in worst week since March, Japan’s Nikkei 225 trying to keep ¥22,500 FX Street 3 years XRP is capped by $0.5360 on intraday level. CEO of Ripple provides evidence that XRP is not a security. Ripple, the third largest coin by market value, is changing hands at $0.5289, off Friday's low at $0.5240. The coin is 2.8% lower than this time yesterday, and down 1.3% on the day. Ripple's market value is estimated as $20.7B, with trading volumes $205B. XRP trading is most active against BTC, trading at Bitfinex and Bitstamp. An official from the Securities and Exchange Commission recently confirmed that Bitcoin and Ethereum aren't securities, but lack of comment about XRP, made people nervous.… Top 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.
