Gud Story
  • Net Worth
    • All
    • Athletes
    • Business
    • Celebrity
    • Directors
    • Politics
    Travis Scott Net Worth 2023

    Travis Scott Net Worth 2023

    Kim Kardashian Net Worth 2023

    Kim Kardashian Net Worth 2023

    Jeff Bridges Net Worth 2023

    Jeff Bridges Net Worth 2023

    Shonda Rhimes Net Worth 2023

    Shonda Rhimes Net Worth 2023

    Trent Forrest Net Worth 2023

    Trent Forrest Net Worth 2023

    Burna Boy Net Worth 2023

    Burna Boy Net Worth 2023

    Trending Tags

    • Entertainment
      • All
      • Anime
      • Biography
      • History
      • Quotes
      • TV & Movies
      What Happened To Montana Missing Boy Ryker Webb

      Ryker Webb – What Happened To Montana Missing Boy Ryker Webb?

      Who are Ice Spice Parents?

      Who are Ice Spice Parents? Her Dad is a Rapper Too and Her Mom Supports Her

      Is Andrew Tate Dead or Alive

      Is Andrew Tate Dead or Alive? Know The Truth 

      Is Insidious Based on a True Story

      Is Insidious Based on a True Story? Know The Truth

      'Love After Lockup' Monique and Derek After His Arrest

      ‘Love After Lockup’ Monique and Derek After His Arrest…Even Bails Him Out

      Who was Chad Rosen? How did The Late Assistant Director Die

      Who was Chad Rosen? How did The Late Assistant Director Die

      Trending Tags

      • Sports
        • All
        • Cricket
        • Football
        • Formula 1
        • MLB
        • NBA
        • NFL
        • NHL
        • UFC
        • WWE
        Discovering the Art of Precision Shooting

        Precision Shooting: A Comprehensive Guide

        Analyzing Cristiano Ronaldo's Move from Juventus to Manchester United

        The Return of the King: Analyzing Cristiano Ronaldo’s Move from Juventus to Manchester United

        Cricket bat Knocking

        Why Does a Cricket Bat Need to Be Knocked-In, and How is It Done?

        Betting on the NBA Finals?

        Betting on the NBA Finals? Here are What You Need to Consider

        Plotting Cody Rhodes’ Route to Finishing the Story Against Roman Reigns 

        Plotting Cody Rhodes’ Route to Finishing the Story Against Roman Reigns 

        Bronny James USC

        USC Secures Commitment From No. 19 Ranked Recruit in 2023, Bronny James

        Trending Tags

        • Tech
          • All
          • Apps
          • Blockchain
          • Digital Marketing
          • Gadgets
          • How To
          • Mobile
          • NFT
          • PC & Mobile
          • Science
          • Solar Energy
          • Work Life
          Benefits of Hiring A UI/UX Design Agency

          Benefits of Hiring A UI/UX Design Agency

          How to Retrieve Deleted Notes on Mac

          6 Fixes on How to Retrieve Deleted Notes on Mac [2023]

          Tips on How to Sell Used Servers Effectively

          Tips on How to Sell Used Servers Effectively

          How to Sideload Filmplus on Smart TV

          How to Sideload Filmplus on Smart TV Using Downloader

          How to Create Your Own NFTs

          How to Create Your Own NFTs: A Comprehensive Guide

          Free online video editor

          Creating Engaging Intros and Outros with CapCut’s Templates

          Trending Tags

          • Gaming
            • All
            • Apex Legends
            • Call of Duty
            • CS:GO
            • Esports
            • FIFA
            • Fortnite
            • Genshin Impact
            • GTA
            • Guides & Tips
            • League of Legends
            • Overwatch
            • Pokemon
            • Valorant
            The Future of Playing Card Games Online for Real Money

            The Future of Playing Card Games Online for Real Money

            Esports Website Developers

            Optimizing Esports Experiences: How Website Developers Enhance User Engagement

            The Best Fallout Game in Bethesda's History

            The Best Fallout Game in Bethesda’s History

            How to Design the Perfect Poker Set-Up?

            How to Design the Perfect Poker Set-Up?

            Future of Gaming

            Innovations Changing The Future of Gaming

            Free Roblox Accounts with Robux

            How to Get Free Roblox Accounts With Robux?

            Trending Tags

            • Decor
              • All
              • Design Ideas
              • Events
              • Furniture
              • Gardening
              • Home Repair
              • Housekeeping
              • HVAC Control System
              • Kitchen
              • Painting
              • Pest Control
              • Plumbing
              How to Make Your Bedroom Feel Like a Retreat

              From Cluttered to Cozy: How to Make Your Bedroom Feel Like a Retreat

              Choosing The Perfect Kitchen Appliances Store

              The Ultimate Guide to Choosing The Perfect Kitchen Appliances Store

              How Altair Bathtubs are Redefining the Concept of Spa-like Serenity

              Revitalizing the Bathroom Space: How Altair Bathtubs are Redefining the Concept of Spa-like Serenity

              How to Build An Outdoor Bar 

              How to Build An Outdoor Bar

              Yaheetech Upholstered Bed Frame

              Yaheetech Upholstered Bed Frame: Enhance Your Bedroom with Style and Comfort

              Sola Wood Flower Wedding Bouquet

              Choose The Perfect Sola Wood Flower Wedding Bouquet from These 4 Top Options

              Trending Tags

              • Lifestyle
                • All
                • Beauty
                • Culture
                • Drink
                • Fashion
                • Food
                • Hair Care
                • Health
                • Jewellery
                • Make up
                • Parenting
                • Shopping
                • Skin Care
                • Travel
                Addiction and Mental Health Support

                How to Find Addiction and Mental Health Support in NM [Complete Guide]

                Female Fertility: How to Boost Chances of Conceiving

                Female Fertility: How to Boost Chances of Conceiving

                Celebrating the Beauty of Baby Photography in Columbus

                Little Wonders: Celebrating the Beauty of Baby Photography in Columbus, Ohio

                Trending Hairstyle for Boys in 2023: Hot Looks for the Modern Gentleman

                Trending Hairstyle for Boys in 2023: Hot Looks for the Modern Gentleman

                Tips For Choosing The Right Cattle Feed

                Maximizing Your Cattle’s Potential: Tips For Choosing The Right Cattle Feed

                Deep Vein Thrombosis (DVT): Symptoms, Causes, & Treatment

                Deep Vein Thrombosis (DVT): Symptoms, Causes, & Treatment

                Trending Tags

                • Business
                  • All
                  • Automotive
                  • Crypto
                  • Education
                  • Entrepreneurs
                  • Finance
                  • Healthcare
                  • Industries
                  • Insurance
                  • Investment
                  • Legal
                  • Retail
                  • Share Market
                  • Startup
                  Alimony Laws in Ventura

                  How Alimony Laws in Ventura County Work?

                  The Benefits of Using Synthetic Oil in Your Car

                  The Benefits of Using Synthetic Oil in Your Car

                  Luxury Car Rental Insurance in Dubai

                  A Guide to Luxury Car Rental Insurance in Dubai: What You Need to Know

                  ETL Tool Selection Criteria and Best Practices

                  ETL Tool Selection Criteria and Best Practices

                  Data Analytics in Manufacturing

                  Data Analytics in Manufacturing

                  Business Intelligence Consulting

                  Business Intelligence Consulting

                  Trending Tags

                  No Result
                  View All Result
                  Gud Story
                  • Net Worth
                    • All
                    • Athletes
                    • Business
                    • Celebrity
                    • Directors
                    • Politics
                    Travis Scott Net Worth 2023

                    Travis Scott Net Worth 2023

                    Kim Kardashian Net Worth 2023

                    Kim Kardashian Net Worth 2023

                    Jeff Bridges Net Worth 2023

                    Jeff Bridges Net Worth 2023

                    Shonda Rhimes Net Worth 2023

                    Shonda Rhimes Net Worth 2023

                    Trent Forrest Net Worth 2023

                    Trent Forrest Net Worth 2023

                    Burna Boy Net Worth 2023

                    Burna Boy Net Worth 2023

                    Trending Tags

                    • Entertainment
                      • All
                      • Anime
                      • Biography
                      • History
                      • Quotes
                      • TV & Movies
                      What Happened To Montana Missing Boy Ryker Webb

                      Ryker Webb – What Happened To Montana Missing Boy Ryker Webb?

                      Who are Ice Spice Parents?

                      Who are Ice Spice Parents? Her Dad is a Rapper Too and Her Mom Supports Her

                      Is Andrew Tate Dead or Alive

                      Is Andrew Tate Dead or Alive? Know The Truth 

                      Is Insidious Based on a True Story

                      Is Insidious Based on a True Story? Know The Truth

                      'Love After Lockup' Monique and Derek After His Arrest

                      ‘Love After Lockup’ Monique and Derek After His Arrest…Even Bails Him Out

                      Who was Chad Rosen? How did The Late Assistant Director Die

                      Who was Chad Rosen? How did The Late Assistant Director Die

                      Trending Tags

                      • Sports
                        • All
                        • Cricket
                        • Football
                        • Formula 1
                        • MLB
                        • NBA
                        • NFL
                        • NHL
                        • UFC
                        • WWE
                        Discovering the Art of Precision Shooting

                        Precision Shooting: A Comprehensive Guide

                        Analyzing Cristiano Ronaldo's Move from Juventus to Manchester United

                        The Return of the King: Analyzing Cristiano Ronaldo’s Move from Juventus to Manchester United

                        Cricket bat Knocking

                        Why Does a Cricket Bat Need to Be Knocked-In, and How is It Done?

                        Betting on the NBA Finals?

                        Betting on the NBA Finals? Here are What You Need to Consider

                        Plotting Cody Rhodes’ Route to Finishing the Story Against Roman Reigns 

                        Plotting Cody Rhodes’ Route to Finishing the Story Against Roman Reigns 

                        Bronny James USC

                        USC Secures Commitment From No. 19 Ranked Recruit in 2023, Bronny James

                        Trending Tags

                        • Tech
                          • All
                          • Apps
                          • Blockchain
                          • Digital Marketing
                          • Gadgets
                          • How To
                          • Mobile
                          • NFT
                          • PC & Mobile
                          • Science
                          • Solar Energy
                          • Work Life
                          Benefits of Hiring A UI/UX Design Agency

                          Benefits of Hiring A UI/UX Design Agency

                          How to Retrieve Deleted Notes on Mac

                          6 Fixes on How to Retrieve Deleted Notes on Mac [2023]

                          Tips on How to Sell Used Servers Effectively

                          Tips on How to Sell Used Servers Effectively

                          How to Sideload Filmplus on Smart TV

                          How to Sideload Filmplus on Smart TV Using Downloader

                          How to Create Your Own NFTs

                          How to Create Your Own NFTs: A Comprehensive Guide

                          Free online video editor

                          Creating Engaging Intros and Outros with CapCut’s Templates

                          Trending Tags

                          • Gaming
                            • All
                            • Apex Legends
                            • Call of Duty
                            • CS:GO
                            • Esports
                            • FIFA
                            • Fortnite
                            • Genshin Impact
                            • GTA
                            • Guides & Tips
                            • League of Legends
                            • Overwatch
                            • Pokemon
                            • Valorant
                            The Future of Playing Card Games Online for Real Money

                            The Future of Playing Card Games Online for Real Money

                            Esports Website Developers

                            Optimizing Esports Experiences: How Website Developers Enhance User Engagement

                            The Best Fallout Game in Bethesda's History

                            The Best Fallout Game in Bethesda’s History

                            How to Design the Perfect Poker Set-Up?

                            How to Design the Perfect Poker Set-Up?

                            Future of Gaming

                            Innovations Changing The Future of Gaming

                            Free Roblox Accounts with Robux

                            How to Get Free Roblox Accounts With Robux?

                            Trending Tags

                            • Decor
                              • All
                              • Design Ideas
                              • Events
                              • Furniture
                              • Gardening
                              • Home Repair
                              • Housekeeping
                              • HVAC Control System
                              • Kitchen
                              • Painting
                              • Pest Control
                              • Plumbing
                              How to Make Your Bedroom Feel Like a Retreat

                              From Cluttered to Cozy: How to Make Your Bedroom Feel Like a Retreat

                              Choosing The Perfect Kitchen Appliances Store

                              The Ultimate Guide to Choosing The Perfect Kitchen Appliances Store

                              How Altair Bathtubs are Redefining the Concept of Spa-like Serenity

                              Revitalizing the Bathroom Space: How Altair Bathtubs are Redefining the Concept of Spa-like Serenity

                              How to Build An Outdoor Bar 

                              How to Build An Outdoor Bar

                              Yaheetech Upholstered Bed Frame

                              Yaheetech Upholstered Bed Frame: Enhance Your Bedroom with Style and Comfort

                              Sola Wood Flower Wedding Bouquet

                              Choose The Perfect Sola Wood Flower Wedding Bouquet from These 4 Top Options

                              Trending Tags

                              • Lifestyle
                                • All
                                • Beauty
                                • Culture
                                • Drink
                                • Fashion
                                • Food
                                • Hair Care
                                • Health
                                • Jewellery
                                • Make up
                                • Parenting
                                • Shopping
                                • Skin Care
                                • Travel
                                Addiction and Mental Health Support

                                How to Find Addiction and Mental Health Support in NM [Complete Guide]

                                Female Fertility: How to Boost Chances of Conceiving

                                Female Fertility: How to Boost Chances of Conceiving

                                Celebrating the Beauty of Baby Photography in Columbus

                                Little Wonders: Celebrating the Beauty of Baby Photography in Columbus, Ohio

                                Trending Hairstyle for Boys in 2023: Hot Looks for the Modern Gentleman

                                Trending Hairstyle for Boys in 2023: Hot Looks for the Modern Gentleman

                                Tips For Choosing The Right Cattle Feed

                                Maximizing Your Cattle’s Potential: Tips For Choosing The Right Cattle Feed

                                Deep Vein Thrombosis (DVT): Symptoms, Causes, & Treatment

                                Deep Vein Thrombosis (DVT): Symptoms, Causes, & Treatment

                                Trending Tags

                                • Business
                                  • All
                                  • Automotive
                                  • Crypto
                                  • Education
                                  • Entrepreneurs
                                  • Finance
                                  • Healthcare
                                  • Industries
                                  • Insurance
                                  • Investment
                                  • Legal
                                  • Retail
                                  • Share Market
                                  • Startup
                                  Alimony Laws in Ventura

                                  How Alimony Laws in Ventura County Work?

                                  The Benefits of Using Synthetic Oil in Your Car

                                  The Benefits of Using Synthetic Oil in Your Car

                                  Luxury Car Rental Insurance in Dubai

                                  A Guide to Luxury Car Rental Insurance in Dubai: What You Need to Know

                                  ETL Tool Selection Criteria and Best Practices

                                  ETL Tool Selection Criteria and Best Practices

                                  Data Analytics in Manufacturing

                                  Data Analytics in Manufacturing

                                  Business Intelligence Consulting

                                  Business Intelligence Consulting

                                  Trending Tags

                                  No Result
                                  View All Result
                                  Gud Story
                                  No Result
                                  View All Result
                                  Home Business Crypto

                                  Ripple: Bitcoin’s Altcoin Rival 

                                  Julie Snearl by Julie Snearl
                                  April 13, 2023
                                  in Crypto
                                  Reading Time: 4 mins read
                                  0
                                  Ripple: Bitcoin’s Altcoin Rival

                                  Ripple, the sixth largest cryptocurrency in the world by capitalization, showed an incredible price triple increase of 20% in March. Yes, it is already rolling back by more than 10%, but the fact remains. 

                                  Investors reacted favorably to rumors that Ripple has a good chance of successfully completing a lawsuit filed by the US Securities and Exchange Commission (SEC). As a rule, important news doesn’t go unnoticed by traders and has an impressive impact on prices and decision-making. Without an economic calendar, you could be missing these significant developments. So don’t neglect these events, because even minor news, such as rumors, greatly affect prices.

                                  Let’s remember that in December 2020, the regulator filed a lawsuit against the company, accusing it of selling unregistered securities in the form of XRP to retail investors. Yes, three years of torment will soon come to an end and the coin will become free again. XRP was once criticized by Bitcoin proponents for being “pre-mined”, as XRP is built directly into the Ripple protocol and does not require mining. But a new round of development and a lawsuit warmed up interest in it as a speculative instrument rather than an investment deposit.

                                  So, on March 20, news appeared: Ripple’s lawyer James Filan claimed that the defendants had submitted new arguments to the court in support of their position. They cited the March 8 decision by Judge Michael Wiles regarding the SEC’s claim to the deal of buying the Binance.US assets from bankrupt crypto lender Voyager Digital.

                                  The decision in the Voyager case could have major implications for the outcome of the Ripple lawsuit. So it reinforces the position of the developers, who claim that no clear guidance was given to the company whether XRP is a security or not. New arguments against the SEC increased the optimism of market participants, which was reflected in the price of the XRP token.

                                  ADVERTISEMENT

                                  Ripple’s capitalization soared from $20 billion to $25 billion in a few hours, and the price overcame several important levels, including the maximum left after the January growth. 

                                  image2

                                  As it happens, when Bitcoin rises, everything else tends to rise as well. When it falls, everything else comes with it. Maybe someday the market will get rid of this bad habit, and the correlation will not be so strong. For example, XRP moves quite freely on its own.

                                  In fact, right now, Ripple is in a correction. Buyers are closing out their profitable positions and sellers are trying to take back control.

                                  From the point of view of indicators such as RSI, the price was above the level of 80, which indicated it was incredibly overbought and the decline was inevitable.

                                  However, the MACD is just beginning to reverse and move towards a death cross. It’s worth remembering that it works with a greater delay, but gives stable signals. There is a high probability that the signal will be formed, but not confirmed, since the price drop below the level of 0.4300 will be perceived by buyers as a defeat and all their volumes will no longer make sense.

                                  image4

                                  In fact, the price is exactly at the support level, which is a mirror image and reflects the all-time high of January 23rd. Accordingly, before the upward breakdown, it acted as resistance, where sellers held control. After it, however, the level became supported and buyers actively relied on it.

                                  image1

                                  Based directly on volumes and price movement, there is a possibility that now the price will move in the range of 0.4300-0.4800. The edges of the deviation of the volume profile histogram indicate that a relative balance between supply and demand can be established until the next piece of news breaks in the order.

                                  image3

                                  And yet, it is also worth remembering that the court may reject the part of the case that claims that XRP itself is a security, since there are no precedents confirming that a digital asset can be classified as such. Or the case will be considered in a limited scope. So the court will focus solely on whether the sale of Ripple XRP in the US was an unregistered securities sale.

                                  Thus, the news background remains unstable and traders should remain extremely cautious. The market reaction can be significant and unexpected, because the SEC is not going to go down without a fight.

                                  Also read: Vital Factors That Make Bitcoins Price Volatile

                                  ShareTweet

                                  Related Posts

                                  Projects built on Ethereum That are Worthy of Investing in

                                  Projects built on Ethereum That are Worthy of Investing in

                                  May 25, 2023
                                  Ethereum: Future Growth Potential

                                  Ethereum: Future Growth Potential

                                  May 23, 2023
                                  Impact of Regulations on Cryptocurrency Transactions

                                  The Impact of Regulations on Cryptocurrency Transactions and The Industry as a Whole

                                  May 21, 2023
                                  Learn and Earn Crypto Programs

                                  6 Best Learn and Earn Crypto Programs for 2023

                                  May 18, 2023
                                  ADVERTISEMENT
                                  • Home
                                  • About
                                  • Advertise
                                  • Contact
                                  • Privacy Policy

                                  © 2018-23 Gud Story

                                  No Result
                                  View All Result
                                  • News
                                    • World
                                    • Asia
                                    • India
                                  • Net Worth
                                  • Entertainment
                                    • Biography
                                    • TV & Movies
                                    • Anime
                                    • Quotes
                                    • History
                                  • Business
                                    • Automotive
                                    • Education
                                    • Finance
                                    • Healthcare
                                    • Investment
                                    • Legal
                                    • Startup
                                    • Entrepreneurs
                                    • Industries
                                    • Retail
                                  • Real Estate
                                    • Moving
                                    • Construction
                                    • Property Loan
                                    • Selling a Home
                                    • Buying a Home
                                    • Commercial Real Estate
                                  • Decor
                                    • Design Ideas
                                    • Home Repair
                                    • Furniture
                                    • Gardening
                                    • Kitchen
                                    • Plumbing
                                    • Housekeeping
                                    • HVAC Control System
                                    • Events
                                  • Lifestyle
                                    • Health
                                    • Food
                                    • Drink
                                    • Travel
                                    • Beauty
                                    • Make up
                                    • Hair Care
                                    • Skin Care
                                    • Fashion
                                    • Jewellery
                                    • Shopping
                                  • Sports
                                    • NBA
                                    • NFL
                                    • Football
                                    • MLB
                                    • NHL
                                  • Gaming
                                    • Esports
                                    • Apex Legends
                                    • Battlefield
                                    • GTA
                                    • Call of Duty
                                    • Fortnite
                                    • Cosplay
                                    • CS:GO
                                    • FIFA
                                    • Genshin Impact
                                    • Guides & Tips
                                  • Tech
                                    • Work Life
                                    • Science
                                    • Apps
                                    • Mobile
                                    • Gadgets
                                    • Digital Marketing
                                    • How To
                                    • PC & Mobile
                                    • Blockchain
                                    • NFT
                                  • Relationship
                                  • Women
                                  • Animals

                                  © 2018-23 Gud Story