Ripple (XRP) climbed to a high of $0.55 on Tuesday following the publication of its response to the allegations from the US Securities and Exchange Commission (SEC).
Ripple filed its response to the SEC lawsuit on Monday, arguing that
and changed its contracts to avoid any future violation.” The court filing also shows that Ripple defends itself against on-demand liquidity buyers requiring protection. The firm states that the regulator has failed to show that any institutional buyers faced pecuniary loss because Ripple did not register with the SEC.
’s uptrend. The CMF climbed above zero on April 16, confirming the direction of Ripple’s breakout. The indicator therefore supports a bullish thesis for . The target for this trade can be the upper band, which aligns with the April 9 top of $0.6431 in the case of could find support at the April 20 low of $0.4981, a level that has acted as support for over two months on the daily chart. Ripple FAQs What is Ripple? Ripple is a payments company that specializes in cross-border remittance. The company does this by leveraging blockchain technology. RippleNet is a network used for payments transfer created by Ripple Labs Inc. and is open to financial institutions worldwide.
Ledger. The token is used by Ripple Labs to facilitate transactions on the L?
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