Channels

Read

Daily

<div class="coingape"> 
 <p>On-chain data shows that the XRP whales are back into action while accumulating the dips. As per data from Santiment, the XRP Network is exhibiting subtle indications of recovery, and the current 4% increase in price seems to be backed by several prominent XRP holders.</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
 </div> 
 <p>Among these are 221 addresses that possess a substantial amount of XRP, ranging between 10 million to 1 billion tokens. Collectively, these addresses now hold 16.13 billion tokens, valued at approximately $8.71 billion.</p> 
 <figure id="attachment_157211" aria-describedby="caption-attachment-157211" style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class="size-full wp-image-157211" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%202804%201819'%3E%3C/svg%3E" alt="" width="2804" height="1819" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/08/21112741/XRP-Whale-Accumulation.jpeg"> 
  <noscript> 
   <img decoding="async" class="size-full wp-image-157211" src="https://cdn.coingape.com/wp-content/uploads/2023/08/21112741/XRP-Whale-Accumulation.jpeg" alt="" width="2804" height="1819"> 
  </noscript> 
  <figcaption id="caption-attachment-157211" class="wp-caption-text">
    Courtesy: Santiment 
  </figcaption> 
 </figure> 
 <p>Last week, Ripple’s XRP came under major selling pressure since the SEC submitted an interlocutory appeal in the XRP ruling. Interestingly, in their court filing last Friday, the SEC has left a hint that XRP could be a non-security.</p>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>“The SEC does not seek appellate review of any holding relating to the fact that the underlying assets here are nothing but computer code with no inherent value,” the filing notes.</p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/02/15173931/top-presale-project.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2023/02/15173931/top-presale-project.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/08/09180645/trading-bots.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2023/08/09180645/trading-bots.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Trading Bots List 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2022/12/15175104/top_crypto_marketing_agencies.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2022/12/15175104/top_crypto_marketing_agencies.jpg" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/05/15175814/crypto_telegram_channel.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2023/05/15175814/crypto_telegram_channel.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2022/12/23134356/jpg_20221223_134223_0000.jpg"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.coingape.com/wp-content/uploads/2022/12/23134356/jpg_20221223_134223_0000.jpg" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">Interesting that even the @SECGov is accepting that digital assets themselves are not inherently securities. </p> 
  <p>However, not entirely surprising as both Judge Rakoff and Judge Torres came to this conclusion in their respective cases. pic.twitter.com/OhwyzeaJWN</p> 
  <p>— Eleanor Terrett (@EleanorTerrett) August 18, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>Amicus Curiae attorney John E Deaton also shared his views on the SEC acknowledgment while adding: “I have to say there is no doubt 75k Ripple holders are a major reason the SEC is conceding this. We fought to have the judge actually write that the token itself is not the security. In fact, it was the first section in our argument in the brief.”</p> 
 <h3 id="xrp-price-action">XRP Price Action</h3> 
 <p>On the Daily Chart, XRP/USD was positioned below the resistance range of $0.5750 – $0.5900. The positive movement during the weekend helped it surpass the 200-day EMA. However, the cryptocurrency remained below the 50-day EMA, signaling short-term bearishness but longer-term bullishness.</p> 
 <p><img decoding="async" class="aligncenter size-full wp-image-157212" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201380%20776'%3E%3C/svg%3E" alt="" width="1380" height="776" data-lazy-src="https://cdn.coingape.com/wp-content/uploads/2023/08/21114505/XRPUSD.png"> 
  <noscript> 
   <img decoding="async" class="aligncenter size-full wp-image-157212" src="https://cdn.coingape.com/wp-content/uploads/2023/08/21114505/XRPUSD.png" alt="" width="1380" height="776"> 
  </noscript></p> 
 <p>Analyzing the 14-Day Relative Strength Index (RSI), the reading of 34.14 indicates a bearish sentiment. This RSI reading corresponds with the 50-day EMA, supporting the possibility of a decline below the support range of $0.4920 – $0.4780, with a potential target below $0.47. Nonetheless, if XRP manages to stay above the 200-day EMA, it could enable a bullish attempt to breach the resistance range of $0.5750 – $0.5900 and the 50-day EMA.</p> 
</div>

XRP Price Recovers Above $0.50 With Whales Back in Action

Tabla de contenidos

TheBitTimes

Otros artículos publicados el 21 ago 2023

$1.7M Worth Of ETH Stuck In Shibarium Bridge Following L2 Launch

Shiba Inu Price Prediction as $100 Million Trading Volume Sends SHIB Down 3% – Are Whales Selling?

Libertify Brings AI Portfolio Risk Management To Crypto Investors

Elevating Crypto Wallet Solutions: Ledger’s Alliance

IRS Declares Crypto Staking Rewards Are Subject to Income Tax

Tectum Invites Early Investors to be Part of the Future By Joining the $TET Listing on Bitget

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!