In this article we are going to see about Ripple XRP: The Secret is Out Now!! (Don't MISS Out!)...



What's up, guys? I hope your week is coming along well so far. As we have seen so far, crazy things have been coming up. Therefore, in this article, I will keep you up to speed with everything that has been happening. But before we proceed, let's head over to Coinmarketcap.com and see how XRP is doing the market. As we all can see, the price of XRP today is $1.08, and we are slightly in the green zone today. The price has been up by 2.87% over the last 24 hours. We will keep a close eye on the market so that we can determine which direction XRP is planning to take. We have this tweet from @attorneyjeremy1 that says, "Gensler's statement to the Senate tomorrow: 1. Crypto exchanges are selling what we believe are securities; 2. "Make no mistake," we are coming after crypto exchanges; 3. There will be no warning shots or "clarification" first. The glove was thrown, and now... the Gauntlet." As we have seen recently, the SEC is clearly going after everything. And just like Brad keeps on telling us, soon 99.9% of all these coins that we are seeing will go away. Next, we have another tweet from @JayXRP2 that says, "100 million XRP shifted by Ripple and Binance, while XRP remains above $1." If we look at that article posted on U.today, we can see that "According to DLT data shared by Whale Alert, several large XRP stashes have been transferred over the past 20 hours by Ripple and Binance. 


The total amount of the wired crypto equals 100 million XRP tokens. As of press time, the sixth-ranked XRP is changing hands at $1.08. Ripple was involved in transferring 100 million XRP. Popular blockchain tracker Whale Alert has tweeted that, over the past 20 hours, an astounding $108,241,261 worth of XRP was moved by Ripple and Binance exchange. The San Francisco-based crypto decacorn shoveled 40 million XRP to its RL18-VN wallet and to the Bitso exchange. The company often uses the former to distribute XRP beyond Ripple, and the latter is Ripple's ODL partner in Mexico and Latin America. Earlier this year, Bitso managed to raise over $1 billion in funding, which made the exchange the first crypto unicorn in Latin America. Binance moved a total of 60 million XRP to Bitgo and other exchanges. Next, we have this quite interesting tweet from @CK113311 that says, "Digital Currencies like XRP are transforming global payments. Blockchain is the key. Businesses want a better payment experience when sending and receiving funds from overseas. 


The 2020 Blockchain in payments Reports by Ripple, a leader in enterprise blockchain and crypto, claims:" Moving ahead, we have yet another tweet from @MackAttackXRP that says, "Relist XRP: Is Coinbase planning to use XRP for remittance?" Well, Coinbase, a cryptocurrency exchange based in the United States, erroneously relisted XRP on Thursday through its Coinbase Pro platform for a brief period of time. The platform was offering the following pairs for trade: XRP/USD, XRP/EUR, XRP/GBP, and XRP/BTC, according to the community on social media. As a result, the price of XRP soared, but the token's value plummeted after Coinbase denied the allegations as a technical malfunction. "As previously announced, Coinbase has suspended trading in XRP. Due to a technical issue, XRP was temporarily viewable on the Coinbase Pro mobile app for some customers but was not tradeable," Coinbase Pro stated on its Twitter handle. If we look at that article posted on Coingape.com, we can see that "Coinbase is reportedly on the verge of a potential lawsuit from the US Securities and Exchange Commission (SEC) for their unreleased lending product. The exchange platform recently disclosed that the SEC has warned to take Coinbase to court as they consider the mentioned unreleased lending product as security. In fact, Coinbase CEO Brian Armstrong tweeted against the commission's unjust and unclear process of deeming any entity or service as security. He has mentioned how the exchange has complied with all the SEC's demands and yet, is under threat of a potential lawsuit without any explanations from the regulators." While Coinbase hasn't made any official announcements for relisting XRP on their platform, they repetitively keep on making mistakes with relisting XRP. 


How coincidental is that? Next, we have this tweet from @cryptoWhale that says, "Breaking: SEC Chair Gary Gensler says almost all crypto trading platforms will need to register with the SEC in a testimony before the Senate committee." If we look at those images that are shared in that tweet, we can see that "Next, I'll turn to a newer market structure issue: crypto assets. Right now, large parts of the field of crypto are sitting astride of - not operating within regulatory frameworks that protect investors and consumers, guard against the illicit activity, and ensure for financial stability. Currently, we just don't have enough investor protection in crypto finance, issuance, trading, or lending. Frankly, at this time, it's more like the Wild West or the old world of "buyer beware" that existed before the securities laws were enacted. This asset class is rife with fraud, scams, and abuse in certain applications. We can do better. I have asked SEC staff, working with our fellow regulators, to work along two tracks: One, how can we work with other financial regulators under current authorities to best bring investor protection to these markets? Two, what gaps are there that, with Congress's assistance, we might fill? At the SEC, we have a number of projects that cross over both tracks: The offer and sale of crypto tokens 

• Crypto trading and lending platforms 

• Stable value coins 

• Investment vehicles providing exposure to crypto-assets or crypto derivatives 

• Custody of crypto assets I am technology-neutral. 


I think that this technology has been and can continue to be a catalyst for change, but technologies don't last long if they stay outside of the regulatory framework. I believe that the SEC, working with the CFTC and others can stand up more robust oversight and investor protection around the field of crypto finance." How long is it going to take Gary to enforce it, though? SEC has been moving incredibly slow in the last couple of years. As we wind up on today's video, we have this tweet from @RoslynLayton that says, "Why was Ethereum blessed while its rival Ripple was sued? Why does Coinbase get a Wells notice while Aave gets a pass?" Now, if we look at that article, we have this article posted on Forbes that says, "It's Time to End the SEC's Clarity Charade on Crypto." "Last week, the CEO of the crypto exchange Coinbase (Nasdaq: COIN), Brian Armstrong, tweeted an account that is now alarmingly familiar. Other crypto companies have been offering lending products for customers who hold digital assets, and the only publicly listed exchange in the US wanted to do the same. So, Coinbase took Gensler's advice and "went in." They approached the SEC for guidance on their product. Armstrong says the SEC responded with subpoenas for records and depositions, demanded a list of all their clients who had expressed interest in the product, and finally issued Coinbase a Wells notice – a warning of impending enforcement action. Armstrong said that by May of this year, the SEC was the only office in Washington refusing to meet with him at all. 


They are refusing to offer any opinion in writing to the industry on what should be allowed and why, and instead are engaging in intimidation tactics behind closed doors," Armstrong tweeted. "Meanwhile, plenty of other crypto companies continue to offer a lend feature, but Coinbase is somehow not allowed to." Coinbase isn't the first time the SEC has used its "regulation by enforcement" method to determine winners and losers in the crypto market. The stunning case of SEC v. Ripple Labs has revealed the SEC's idea of "clarity" to be incoherent. The agency claims that XRP, Ripple's native digital currency that runs on an open-source, decentralized ledger, has been an unregistered securities from its inception in 2013 and that the business, its leadership, and every investor in the market should have known about it. The SEC has been compelled to admit in court that it has never given any fair notice prior to the lawsuit to any market participant (and there were many) who sought guidance on XRP that is a security. Everything the Sec does gives other countries a huge advantage over America. Isn't the Sec supposed to fight for the American interests? And why isn't the government doing anything? America is falling behind quickly, and it will take many years to get back on track. As we wind up today's video, we have this tweet from @XRPcryptowolf that says, "Good morning to everyone except Gary Gensler for not mentioning Ripple or XRP at the Senate hearing." With that in mind, let’s take a look at the charts! As you see the price rebounded strongly after that MA50 touch but lately has turned sideways struggling to get past 1.45. In my opinion, this is not alarming as it is perfectly aligned with its long-term cyclical behavior. Now of course theoretically Cycles are on a lengthening behavioral model (much like Bitcoin ) as adoption is getting wider, but during XRP's 2017 Mania Phase, we had a consolidation pattern in the form of Triangle that dominated the price action and turned it sideways for 6 months before the hyper-aggressive rally of December that peaked the Cycle.


 Right now XRP seems to be struggling inside a similar Triangle. Now, since the 1W MA50 held, the question on most people's minds should be "how long before it breaks?". Like I said the degree of error on this is above average due to Lengthening Cycles Theory and of course the fundamentals behind the lawsuit fundamentals, but technically that should be around +2 months if we are in a symmetrical price action with the 2017 mania fractal . The CCI is also identical to the 2017 bounce on -70.00 and it certainly shows XRP's huge potential. And that should be at least $7.00 based on the Fibonacci extension model shown on this chart. What's your target for XRP? Please let me know in the comment section below guys. As always trade safely! Please keep in mind, 


I am not a licensed financial advisor