Ripple-XRP addressed a letter to the Securities and Exchange Commission (SEC) of the United States in which he calls to clarify the criteria according to which digital currency is lost as titles, a step that would support the expectations of positive XRP.
While XRP returned to the circle to speak of “the best digital currency for the purchase” with the end of the judicial undulation battle with the dry, but a state of ambiguity always surrounds the problem following the discourse of the “new model” of the Heester people.
The company’s message -which was published by the Stuart Alderoty legal adviser on the answer X -I in the fundamental question posed in this speech: “When does digital asset cease to be an investment contract?”.
Ribel expresses his position on the question of the classification of currencies as titles
In his answer to the question, Ribel was based on an analysis approved by experts in the securities law, in particular Lewis Cohen and his team. Cohen concluded in his analysis that the US law linked to investment contracts is not considered a normal negotiation for most of the replaceable digital assets on the secondary markets as titles.
The letter underlined the important judicial decision issued by judge Analisa Torres, which ended that XRP does not represent securities in its essence, although some of the commercial operations of the institutions have formed investment contracts.
The company stressed that XRP trade in secondary markets – in particular through blind sales orders in orders – has already received judicial approval as an activity which is not subject to securities laws.
Experts believe that the position of the company has large -scale legal and regulatory dimensions, in particular in the light of “rigid” explanations of the laws of securities which have hampered the evolution of the CRIPTO sector.
An analysis of XRP prices: is the explosion imminent?
The Ribel currency prize has not interactedly interacted with the discourse so far, and the next price trend will probably depend on the possibility of penetrating the descending artistic spinning model, which was the dominant characteristic of its decline for several months.
The momentum slowed down after penetration, while the XRP price approaches the previous resistance of the model, which has turned into support; Any fracture of this level can lead to completely cancel the model.
If the momentum continues, the model indicates the penetration objective of around $ 4 before the end of the year, with a potential increase of 70% compared to current prices.
This scenario supports the MacD index, which goes towards the formation of a golden intersection by transcending the signal line, and is often considered as a reference in the weekly framework to start a long -term upward trend.
Meanwhile, the purchase pressure can last until the price of the Fibonacci correction is 0.5 – which often represents the end of the correction operations – near the $ 2 level.
In addition, the relative power index is still the highest neutral level of 52, which constantly preaches the purchase pressure on the highest deadlines, but it remains in a sensitive position.
In the light of what is happening on June 17, it is a major catalyst because it coincides with the expiration date of the decision -making period for the immediate Ripple negotiation funds on the Stock Exchange on the American market.
In front of the merchants, about 24 hours, to seize this opportunity
Since the sharp landing of the market in the middle of April, those who bet on the losing horse have remained far from reaching the enormous gains while most currencies are always lower than their point of view only four months ago.
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Within the Telegram project community, investors have early access to currencies with high growth opportunities before putting them on the market to allow them to stay at the top of developments.
By taking advantage of the popularity of the projects of artificial intelligence agents, the $ 11 million that was collected during the current subscription can only be part of the future value of the project.
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The message is the XRP price about to increase? Ripple’s letter to Securities and Exchange Commission (SEC) can redirect the characteristics of the organizational scene appeared first on Arab Cryptonews.