XRP Price Bull Run: Ripple CEO Criticizes SEC and Hints at Potential ETF
Brad Garlinghouse, the CEO of Ripple, has expressed his dissatisfaction with the Securities and Exchange Commission (SEC), claiming that the agency has consistently lost lawsuits against Ripple. Garlinghouse’s comments come in light of the recent success of Bitcoin ETFs in the United States. Despite XRP’s price retreat from its peak in February, Garlinghouse remains optimistic about Ripple’s future.
Garlinghouse Defends Ripple and Sparks Speculation on ETF
In a recent interview with Bloomberg TV, Garlinghouse defended Ripple’s position against the SEC, highlighting previous cases where the agency had lost. He also hinted at the possibility of a Ripple ETF, following the successful launch of Bitcoin ETFs. This announcement has caught the attention of the crypto community, which has been discussing the potential for an Ethereum ETF as well. Garlinghouse emphasized the need for crypto regulation to ensure industry growth and stability.
XRP Price Prediction: Traders Analyze Dip-Buying Opportunities
XRP’s price experienced an uptrend before facing a recent sell-off. It briefly rebounded but is now testing support levels around $0.54. Intraday traders are watching for confirmation of a trend reversal above the dotted trendline and 200-day EMA. The Moving Average Convergence Divergence (MACD) indicator suggests caution in buying current dips until resistance at the 200-day EMA is overcome. However, long-term holders may see this as an opportunity to average down their positions, considering the potential outcomes of Ripple’s lawsuit and the possibility of an ETF.
Hot Take: XRP’s Future Hangs in the Balance as Ripple Battles the SEC
The ongoing legal battle between Ripple and the SEC continues to shape XRP’s future. While Brad Garlinghouse remains confident in Ripple’s position, the outcome of the lawsuit remains uncertain. The potential for a Ripple ETF adds further speculation to XRP’s trajectory. As a crypto enthusiast, it is important to stay informed about these developments and carefully evaluate the risks and opportunities associated with XRP.
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