Ripple (XRP) holders are debating the impact of the Financial Innovation and Technology for the 21st Century Act, or FIT21 on the Securities and Exchange Commission (SEC) vs.
Ripple prepares for permanent ban on XRP sales, continues selling to international clients through foreign subsidiaries. If XRP sales are considered securities under crypto bill FIT21, the firm could sell XRP in regimes with different regulations. XRP rallies past sticky resistance, trades at $0.5282 at the time of writing. Ripple holders are debating the impact of the Financial Innovation and Technology for the 21st Century Act, or FIT21 on the Securities and Exchange Commission vs.
The Moving Average Convergence Divergence, a momentum indicator, signals positive momentum underlying Ripple’s uptrend. The green histogram bars above the neutral line and MACD crossover above the signal line are signs that support a recovery thesis for Ripple. The Relative Strength Index reads 51.46, crossing above the neutral line, aiding the bullish narrative for the asset. If Ripple successfully establishes itself above $0.5310, the next target is the April 22 and May 6 high of $0.5703.
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