XRP is not a security, according to recent remarks made by Jeremy Hogan. The company Ripple owns the cryptocurrency XRP. Hogan claims that Rpple doesn’t meet the requirements to be referred to as an investment contract. Hogan is a legal practitioner at Hogan & Hogan. Hogan brought up the ongoing legal dispute between the SEC and Ripple and noted that there is no proof that the latter has broken either an implicit or explicit investment contract.
Hogan went on to say that a simple transaction cannot be referred to as an investment contract because Ripple is only required to transfer the asset. The investors now have a fresh viewpoint on the legal dispute thanks to Jeremy Hogan’s inference. A significant impact on Ripple’s price is likely if it turns out that it is not a security.
Key XRP Levels To Watch – April 10
According to the MA Cross, the market is in a bullish trend. As the Moving Average Period 18 crossed the Moving Average Period 40, more bulls stormed the market. This led to a further expansion of price until the overbought state was reached.
The market’s current trading range lies between the $0.3540 and the $0.5850 price levels. A consolidation zone is at the 61.80% Fibonacci retracement level. XRPUSD will likely resume its uptrend from this zone after the price corrects downward due to the overbought indication by the RSI.
Ripple Key Levels
Resistance Levels: $0.4940, $0.5600, $0.6580
Support Levels: $0.3000, $0.3540, $0.4330
Total Market Capitalization: $1.21T
XRP Market Capitalization: $26.48B
XRP Volume: $0.81B
Market Rank: #6
You can purchase Lucky Block here. Buy LBLOCK
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.