Price predictions for XRP remain slightly bullish, as the cryptocurrency’s trading volume crossed the $1.6 billion mark, representing an uptick of nearly 150% in the past 24 hours.
For his part, the CEO of Ripple Labs, Brad Garlinghousebelieves that the crypto sector will emerge stronger from the disaster following the bankruptcy of FTX. He called for an open dialogue on the use of blockchain and cryptocurrencies to solve social problems.
Ripple CEO retains optimism
At Ripple Swell, Ripple’s annual conference, Ripple Labs CEO Brad Garlinghouse spoke about the rebound in the crypto sector since the collapse of FTX. FTX’s Chapter 11 bankruptcy proceedings are ongoing.
The following Garlinghouse tweet is essentially a summary of his speech:
I strongly believe 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 the leader in this regard.
In a subsequent tweethe highlighted the need for discussions and meetings on the possible applications of blockchain technology:
“Given the events of the past few weeks (and the ups and downs of this year), it seems even more imperative that we have honest conversations about solving real-world problems with crypto and the blockchain”.
During an interview with CNBC, Garlinghouse said the concept that crypto is unregulated is “overblown,” adding:
(…) as an industry, crypto needs to mature (…) Transparency builds trust.
Ripple’s lawyer, Stuart Alderotysaid on Friday that the company is actively seeking a license in Ireland to fuel its expansion into the EU.
Only one amicus curiae brief filed in favor of the SEC
Accredifynow known asInvestReady missed the deadline for filing an amicus brief in the ongoing litigation. This point was raised by counsel Jeremy Hogan who relayed 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 the Chamber of Digital Commerce, Tap Jets and I-Remit.
Accredify verifies companies’ eligibility for digital equity investments, sought court approval to support SEC’s summary judgment request a day before deadline for such requests.
According to InvestReady, the arguments made by Ripple are a house of cards that crumbles 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 one amicus curiae brief has been filed in favor of the SEC, as InvestReady (Accredify) missed the Nov. 18 deadline.
The only deposit made by the New Sports Economy Institute argues that the 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 cap 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 will likely 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 expose 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 pre-sales
Besides Ripple, new cryptocurrencies in the pre-sale phase continue to gain popularity.
Dash 2 Trade (D2T)
Dash 2 Trade is an Ethereum-based trade intelligence platform that provides traders of all skill levels with real-time analytics and social data, enabling them to make the most appropriate decisions.
The token pre-sale started three weeks ago and raised over $6.6 million. The first quotation on a CEX, LBankhas also been announced.
1 D2T is currently worth 0.0513 USDT, but this figure is expected to rise to $0.0533 in the next stage of the sale and to $0.0662 in the final stage.
Take part in 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 main 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 participate in the game, which opens up the game to a whole new audience. RIA’s pre-sale is picking up steam, with the project already in Stage 4 of 10 and having received nearly $1.8 million in funding.
For now, 1 RIA token costs $0.025, but this price will gradually increase with each stage of the pre-sale, which is currently in stage 4.
Take part in the Calvaria pre-sale
A third project likely to bring changes to the gaming community and the virtual world is RobotEra (TARO). Although the pre-sale of the asset has only recently started, potential buyers are showing a lot of 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 stage of the TARO pre-sale is now live, and tickets are selling out fast.
Participate in the pre-sale of RobotEra
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