In this article we are going to see about XRP MAJOR EVENTS APPROACHING THIS MONTH! | XRP NEWS TODAY!...



Bitcoin might command most of the public's mindshare on cryptocurrency, but Ripple is a company you definitely don't want to overlook. Founded in 2012, Ripple sells a currency settlement and exchange platform and issues as one of the largest cryptocurrencies which are based on market capitalization in the world. And in today's article, we will be talking about Ripple and all major events approaching for XRP for the month of September, so be sure to stay focused! Now with that intro out of the way, let's get into today's article! XRP's value remains bullish with a bearish mentality from exchanges while most crypto exchange platforms have discontinued XRP trading. 


But recently, the Japanese Rakuten, a cryptocurrency wallet and exchange service, reported releasing the infamous crypto target service XRP margin. Its trading will restart post September 8th 2021, as indicated by the exchange, the firm had discontinued its XRP margin trading services last year on December 24th, considering the controversial XRP lawsuit against the SEC. Rakuten exchange has emphasized the significance of exit liquidity and value stability in utilized derivatives trading. The risk of losses becomes unavoidably massive with the destructive blend of volatile prices and low liquidity. Even more, the exchange platform also affirmed the typical conveyance of value stability to its XRP investors. Nevertheless, Rakuten exchange has ensured to discontinue the XRP margin trading services once more if the crypto does not proceed as anticipated. Despite relisting XRP, the Japanese exchange business has not displayed sufficient confidence in the crypto considering its compromising position again because of the ongoing XRP lawsuit in that lawsuit. Next up, there are many important dates in September which you should remember as an XRP investor or a potential new XRP investor. 


In the XRP lawsuit, the SEC scored points after court orders making Ripple produce more slack text and the latest development of the legal battle between the SEC and on the laps, the former seems to have finally achieved a small victory. Judge Sarah Netburn ordered Ripple to produce more slack messages from a border group of custodians. The SEC also had filed a petition requiring Ripple's employees to hand over their slack communications. According to the SEC, they estimate that more than millions of messages need to be evaluated as Ripple employees frequently communicated through slack. In contrast, the SEC has stated that the defendants agreed to present this information. At the beginning of the discovery phase, it was a lengthy and expensive fission expedition that would require a lot of time and resources, mainly because Ripple considered this information neither critical nor singularly relevant to the regulatory body that demanded an emergency conference on the matter. However, judge Netburn did not feel the need to do the same and only issued the recent order as text. According to the text, Ripple has now to produce messages from 22 SEC listed custodians; the order further ruled that slack's messages are relevant to both parties, and Ripple's perceived burden is outweighed by their early agreement to produce the same. It also said that the slack messages that are sold are relevant to the claims and defenses of the parties and proportionate to the needs of the case.


 Any charge to Ripple is offset by its prior agreement to produce relevance like messages, the relative resources of the parties and the amount on the dispute. Moving forward, the Ripple and SEC lawsuit will continue five days after the last important date of the 8th of September. So on the 14th of September, the sec will discuss the publicly available limited censored or moderately censored letter brief. It will be concerning the allegedly privileged documents the SEC is withholding the uncensored documents that are being delivered to Magistrate Judge Netburn in physical and digital form. Then on the 28th of September, Ripple's defendants opposed the SEC's letter brief concerning the privileged documents the SEC is holding. 


Now let's head over and look at the price analysis of XRP for September. Ripple's XRP had advanced from $0.74 above $1.30 since the beginning of August. Ripple is constantly adding new clients. According to the latest news, Ripple has announced a partnership with Global Money Express, one of the largest non bank remittance service providers in South Korea. If the price jumps above $1.40 in the upcoming days, it would be a signal to trade XRP, and the first target could be around $1.50. There is no risk of the trend reversal for now, but if the price falls below $1 support, it would be a firm “sell” signal, and the next target could be around $0.80. XRP appreciated by 6.2% on 6th September over the last 24 hours and was trading at $1.38. At this price level, XRP secured a multi-month high. The immediate price resistance stood at $1.42. 


Technical indicators pointed to a bullish momentum in the market. So, is Ripple worth investing in? Ripple is aimed at offering a system for money transfers that banks and financial institutions can use. The potential of the project is immense, indeed. Moreover, it is the only cryptocurrency project that aims to make the already existing banking system more efficient and friendly instead of trying to replace banks. Ripple presents one primary reason why it is a worthwhile investment. Firstly, the price of digital currency is low. You might be thinking, why would the low price make Ripple worth the investment? Well, today, Ripple has a broad mainstream appeal, and it is still growing. Products such as RippleNet have shaken the global payments sector, and more is still coming. As such, XRP might gain more mainstream usage, the result of which could be a higher valuation and see more people buy Ripple.


 The possibility of XRP price growth in the future should provide a strong incentive for one to invest in Ripple today. Another value of the cryptocurrency is that it solves problems that consumers and businesses alike have grappled with for years. While consumers want convenience and lower transaction costs, companies wish for faster transaction speeds. RippleNet achieves these, and it can do better. Undoubtedly, Ripple will play a more significant role in international payments, especially if the world continues to shift towards digital payments. Ripple is one of the most prominent altcoins by market capitalization and the number of people employed. Its technology permits virtually instantaneous currency transfers with negligible costs. Furthermore, it has proven adept at acquiring business partnerships, adding fuel to the idea that global adoption of the coin could eventually become a reality. In the scenario in which adoption is realized, the financial sector would likely benefit immensely from the increased speed and decreased cost of transfers. Many markets exist for trading the numerous currencies in circulation today, with many suffering liquidity problems. If everyone agreed to accept XRP as a mediator currency, the number of markets would be cut in half, significantly reducing the liquidity problems. Ripple is a promising project with a unique application. Instead of aiming to replace the existing financial infrastructure, the project intends to improve it. This is the main strength of the Ripple project. Well, guys, that's all we have for you today. What are your thoughts on Ripple? Also, what are your price predictions of XRP for this month? Please tell in comment section. 


I am not a licensed financial advisor