Price predictions for XRP remain slightly bullish as the cryptocurrency’s trading volume crossed the $1.6 billion mark, representing an increase of nearly 150% in the last 24 hours.
For his part, the managing director for Ripple Labs, Brad Garlinghousebelieves that the crypto sector will emerge stronger from the disaster after the bankruptcy of FTX. He called for an open dialogue on the use of blockchain and cryptocurrencies to solve social problems.
Ripple CEO maintains optimism
At Ripple Swell, Ripple’s annual conference, Ripple Labs CEO Brad Garlinghouse spoke about the recovery in the crypto sector since the collapse of FTX. FTX’s Chapter 11 bankruptcy proceedings are underway.
The following Garlinghouse tweet is essentially a summary of his speech:
I am confident that crypto will do better in the wake of this event if we continue to focus on transparency and trust. Ripple has been and will continue to be a leader in this regard.
In a subsequent tweethe highlighted the need for discussions and meetings about possible applications of blockchain technology:
“Given the events of the past few weeks (and this year’s ups and downs), it seems even more imperative that we have honest conversations about solving real-world problems with crypto and blockchain”.
During an interview with CNBC, Garlinghouse said the concept of crypto being unregulated is “overblown,” adding:
(…) as an industry, crypto must mature (…) Transparency builds trust.
Ripple’s lawyer, Stuart Alderotysaid on Friday that the company is actively seeking a license in Ireland to boost its expansion into the EU.
Only one amicus curiae brief filed in favor of the SEC
Accreditnow known asInvest ready missed the deadline to file an amicus brief in the ongoing litigation. This point was raised by counsel Jeremy Hogan who has passed on the information from James K. Filan regarding the status of amicus curiae briefs. 14 separate cases have been filed in favor of Ripple, including by Chamber of Digital Commerce, Press Jets and I-Remit.
Accredify verifies companies’ eligibility for digital stock investments, sought court approval to support the SEC’s summary judgment motion a day before the deadline for such motions.
According to InvestReady, the arguments from Ripple are a house of cards crumbling faster than the price of Luna. InvestReady further believes that since XRP was promoted by a single organization, it is a security.
So far, only an amicus curiae brief has been filed in favor of the SEC, as InvestReady (Accredify) missed the November 18 deadline.
The only deposit made by New Sports Economics Institute claims that howey test remains the industry standard for securities classification.
Price Predictions for XRP
The current price of XRP is $0.3578 and the 24-hour trading volume is $1.6 billion. In the last 24 hours, XRP has fallen by more than 8%. Its live market value is $18 billion. There are currently 50,298,735,565 XRP tokens in circulation and the maximum supply is 100,000,000,000 tokens.
The XRP/USD pair is trading sideways on the daily chart with immediate support near $0.3650. The 50-day moving average is near $0.3785 and a bearish crossover below this level is likely to send XRP to $0.3650 and $0.3400.
On the bullish side, a double top setup extends resistance at $0.400 and a bullish cross above this level could reveal XRP at $0.4265 or $0.4540.
On the downside, XRP is likely to find immediate support near $0.3650 and a break below this level could open the door for further selling down to $0.3410.
New crypto presale
In addition to Ripple, new cryptocurrencies in the pre-sale phase continue to gain popularity.
Dash 2 Trade (D2T)
Dash 2 Trade is an Ethereum-based trading intelligence platform that provides traders of all skill levels with real-time analytics and social data to help them make the most appropriate decisions.
The token sale started three weeks ago and raised over $6.6 million. The first quote on a CEX, LBankhas also been announced.
1 D2T is currently worth 0.0513 USDT, but this figure is expected to increase to $0.0533 in the next phase of the sale and to $0.0662 in the final phase.
Join the Dash 2 Trade Pre-Sale
Calvaria is a brand new crypto gaming project that has the potential to dominate the play-to-earn market. According to developers at Calvaria, one of the biggest obstacles to the widespread adoption of Web3 games is that most games require technical knowledge of crypto, which excludes a large number of users.
Calvaria allows users who do not own cryptocurrencies to join the game, opening the game to a whole new audience. RIA’s pre-sales are picking up steam, and the project is already in Phase 4 of 10 and has received nearly $1.8 million in funding.
For now, 1 RIA token costs $0.025, but this price will gradually increase with each phase of the presale, which is currently in phase 4.
Participate in the Calvaria pre-sale
A third project that is likely to bring changes to the gaming community and the virtual world is RobotEra (TARO). Although the pre-sale of the asset has only started recently, potential buyers are showing great interest in it.
RobotEra is a blockchain-based metaverse where users can create avatars and explore a digital world. RobotEra players can buy land, build on it, and expand their regions with various assets.
RobotEra also has a shared metaverse where users can participate in various sports activities, concerts and other events. The first phase of the TARO presale is now live and tickets are selling out fast.
Participate in the pre-sale of RobotEra
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