In this article we are going to see about Ripple XRP: So Many SIGNS For Growth! (Another BLAST OFF On The Horizon!)...




 Lets we starts with some news and interesting words about the SEC vs Ripple suit. It comes from an article that was shared on the web site nasdaq.com.They shared an article from a contributor from InvestorPlace.com, Josh Enomoto. He specifically shares thoughts about the positive plan by Ripple to implement XRP and utilize blockchain technology to “create a new paradigm for financial transactions. The idea: no longer must cross-border transfers be so expensive and time-intensive.” Enomoto talks about innovations made by Ripple and how they will be transformative globally, but how the case is hampering their mission. “But of course, the government cannot let any good idea go unpunished. More specifically, the U.S. Securities and Exchange Commission (SEC) has decided that the crypto in question is actually not a virtual currency but instead a publicly traded security. 


As such, Ripple Labs has sidestepped deeply entrenched laws that govern the sale of business equity. Not only does this have implications for XRP, but also other coins and tokens. Enomoto goes on to reference the guidelines being used in the case and argued by the SEC that the Howey Test leads them to claim XRP is a “security”. But there in lies the problem. According to Enomoto, regarding the Howey Test, “One last glaring problem with the SEC’s lawsuit against XRP is the basis for what an investment contract is. Specifically, the definition depends on the ruling of SEC v. W.J. Howey Co., from which we get the so-called Howey test. But the thing is, this case reached the Supreme Court in 1946.” and he adds, “Put another way, the Supreme Court could not have possibly realized what an impact decentralized digital assets would have on the financial system.” It is certainly interesting seeing how all this litigation will play out and ultimately I remain confident that Ripple and XRP will emerge as the real coin that will dominate all others. Before all that can happen, however, the continuing saga of the SEC vs Ripple case must be sorted out. On Monday, the bears took over much of the crypto and stock markets and dominated the day with sell offs. Bitrates.com described the situation that saw some cryptos win and many others were not so fortunate.


 Their report said, “The cryptocurrency market is seeing bearish price sentiment due to the upcoming Tuesday testimony to the US Senate and Banking Committee by the Security and Exchange Commission’s chief Gary Gensler. Gensler recently said that he would support the issuance of a Bitcoin exchange-traded product, but it is also clear that he is looking to take the wind out of the digital currency sector’s sail with other regulations. The key area in the regulatory body’s sights is stablecoins and we could well see comments on that tomorrow. Republican Sen. Pat Toomey of Pennsylvania asked Gensler recently if he believed stablecoins are securities under the Supreme Court’s definition of an investment contract called the "Howey Test". Gensler declined to give a true answer, saying “they may well be securities.” Gensler also took aim at the Coinbase exchange, saying that some of the coins listed on the broker’s platform could also be securities. The pending testimony and concerns about regulations impacted more than just XRP! According to the site NationalWorld.com, the crypto sell off saw the bears eager to dump theirshares which led to marked decreases in overall values of multiple cryptocurrencies. Those included: Bitcoin down almost 6.9% Ethereum down by 9.85% Cardano dipped by 9.85% as well Solana was down by over 11% Dogecoin was down 11.67% And XRP dipped by 14.21% The pending testimony may have been a factor in the sell offs in the crypto markets but other events led to drops on major stock markets globally. 


With decisions on rates to be released by the Bank of Japan, Bank of England and the U.S. Federal Reserve scheduled for Wednesday, many investors pulled back. The Nasdac, Dow Jones and S & P 500 were all down on Monday as were markets in Europe and Asia. The most important thing to remember about down markets and bearish trends with major sell offs is to maintain your cool. Don’t ever panic buy or panic sell. If you see the dips as opportunities, many times you can reap the rewards if you plan on long term investments and being a holder. One major reason most analysts pointed to for the sharp decline in all markets came from the Orient and a Chinese Real estate company That may be about to default. Yahoo Finance had more details about the crash reporting, “markets were jolted by news of Evergrande, a major Chinese real estate company that's teetering on the brink of default. China's potentially slowing economy, and Beijing's aggressive actions against key business sectors, have converged with worries about the global economy. The spillover effects were apparent across the crypto world. According to CoinmarketCap, top payment networks such as Ethereum (ETH-USD), Cardano (ADA-USD), Binance Coin (BNB-USD) and Solana (SOL1-USD) have all sustained even deeper losses than bitcoin in the past 24 hours: all were off by at least 8% on the day. Given the fees associated with moving crypto on and off most centralized crypto exchanges, this rising flow volume to exchanges is one indicator that BTC holders could be looking to sell. Meawhile, overall balance of crypto on exchanges continues to decline this week. So with all that going on, what is the XRP Community saying? Let’s check in on the Twitterverse and get some insights; First this tweet from XLMXRP10000 That’s fairly straightforward and simple, buy the dip. And There’s still more from Twitter and this one is from @GaryGensler Tomorrow at 12pm I’ll be live with @washingtonpost to talk about cryptocurrency.


 Livestream will be here. You can be sure that I will be checking that out at washingtonpost.com. Say what you will, but I’m not so certain Chairman Gensler will be live at 12 Noon with the Washington Post. According to the schedule of the U.S. Senate Committee on Banking, Housing and Urban Affairs will be in Open Session, Hybrid Format conducting a hearing entitled “Oversight of the U.S. Securities and Exchange Commission”. The witness will be The Honorable Gary Gensler, Chair, U.S. Securities and Exchange Commission. I am almost certain there will be some serious questions for the Chairman and lets hope we get some clarity on regulation of the crypto industry and maybe get some clue as to what is happening at the SEC. Just know we’ll have complete details for you right here on Money Side! All that said, a number of the XRP Community on Twitter see Monday’s bear run and so called crash as an opportunity! Do your research! Seems to me that with the dip you have a chance to score more XRP before the price skyrockets! It’s just a matter of time. Speaking of time, let’s break out the charts and take a look at the numbers. Ripple extends the bearish leg to $0.86 but recovers gradually to $0.94. A confirmed breakout above $0.95 would affirm the bulls’ grip on the price for gains eyeing levels above $1. Ripple explored the levels below $1 following the bearish wave that started hitting the market on Sunday. The cross-border token had lifted to September highs of $1.4 before a correction trimmed losses. Initially, support between $1 and $1.1 mitigated the impact of the bearish wave. Nonetheless, the last two days have been highly volatile, with Bitcoin dropping from above $48,000 to nearly $42,000. Meanwhile, XRP plunged to test support at $0.9, but the candlewick hit lowers $0.86 for the first time since August. The support at $0.9 currently ensures that Ripple does not drop to the following critical demand zone , the red band slightly below $0.8. At the same time, it ensures that buyers have the upper hand as they focus on the rebound to $1. Ripple is trading at $0.94 at the time of writing amid a bullish building momentum. 


The Moving Average Convergence Divergence ( MACD ) emphasizes the bearish grip at the moment. Still, there is a possibility of a buy signal coming into the picture, especially if Ripple gains momentum above $0.95. It is essential to watch out for the 12-day Exponential Moving Average ( SMA ) crossing above the 26-day EMA . Moreover, a consistent MACD movement toward the mean line would add credence to the optimistic outlook. As Ripple recovers, some delay should be anticipated at $1, where some holders will try to break even, dampening the selling pressure. However, the most substantial supply zone is the red band on the four-hour chart. A break above this area could liberate XRP and pave the way for another leg up to $1.2 and later to $1.4. On the downside, if losses extend below $0.9, Ripple will quickly drop to the green band, whereby bulls will put up a fierce fight, perhaps sending the cross-border token significantly upward. Remember to do your research and trade safely! As always 


I am not a licensed financial advisor