XRP [Ripple] holders should know this before opening a short position
, Ripple has made significant strides in both France and Sweden. Ripple made history in France by forming a partnership with Lemonway, a payment provider for online marketplaces, and in Sweden by forming a partnership with Xbaht, a money transfer provider.On-Demand Liquidity services as part of the cooperation.When looking at the daily chart, a clear increasing trend was discernible.
The 50 Moving Average was below the 200 MA , as seen in the Moving Average indicator on the daily time period. A range from $0.4139 to $0.4449 appeared to be a new support level while resistance was seen between $0.5310 and $0.5685.It was clear from looking at the chart that the short MA was rising. If the current price trend continues, the short MA could pass above the long MA.
The Ripple team is of the opinion that the comment made by Hinman can be utilized in the defense of XRP’s status as not being a security against claims made by the SEC.
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