The failure of US authorities to enact transparent and concise rules on the cryptocurrency industry is "frustrating," according to Brad Garlinghouse, the CEO of Ripple. The executive also chastised the country's regulator for maintaining that the XRP token is a security, despite the fact that it is the only one in the world to do so.
Technically, XRP behaved as we said it would last week. It started a low vol move to the upside and now it seems that it has enough steam to go to the resistance area at the top.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Technically, XRP behaved as we said it would last week. It started a low vol move to the upside and now it seems that it has enough steam to go to the resistance area at the top.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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