Tapjets Files Amicus Brief To Maintain the Use of Ripple as Payment Medium

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors


TapJet, a firm that provides private jet charter service and is a partner with Blockchain, has released an amicus brief for the continuation of the use of Ripple as a substitute for fiat tokens. In their brief, the company noted that the customary banking system, at times, fails to work efficiently, especially at the end of the week; hence, the need for XRP to remain an alternative payment medium.

TapJets receives XRP from clients who intend to reserve private jet travel using cryptocurrency. This comes after the recent Judge Analisa Torres’ verdict, helping the company’s battle with the United States Securities and Exchange Commission (SEC).

Key XRP Levels to Watch — October 17

The ripple coin has finally broken out of the symmetrical triangle within which it has been stuck since May. XRP, like most other coins, went through a long bearish phase but has since the middle of September continued to rise.

Tapjets Files Amicus Brief To Maintain the Use of Ripple as Payment Medium
XRPUSD- Daily Chart on Binance. Source: Tradingview.

XRP has gone on to reach the restriction zone at $0.5490 twice since the breakout occurred. The price is, however, on its way to retesting the restriction zone, which now serves as support at $0.4480. A similar move has occurred two times since the price first reached the milestone.

Since the 16th of September, the SuperTrend indicator has turned green on the market, indicating that the XRP market has been largely bullish despite the fluctuations at the top level. Meanwhile, the TSI has been ranging above the signal line since the price crossed on the 16th, depicting the average momentum at which the market moves. However, due to the retest motive of Ripple, the Parabolic SAR shows that the coin is currently bearish.

Ripple Key Levels


Resistance Levels: $0.4480, $0.4870, $0.5490
Support Levels: $0.3790, $0.3300, $0.2870

Total Market Capitalization: $922.9B
Ripple Market Capitalization: $23.84B,
Ripple Volume: $1.023B
Market Rank: #6

You can purchase Lucky Block here.  Buy LBLOCK

NoteLearn2.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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.