XRP continues to hold
$XRP continues to find support in the 50 day EMA
Interestingly there are some long wicks to the 0.58-0.60 level which is signaling to us that a lot of buyers are entering in that region
Weโve previously identified this level as key support for XRP
My 1-2 month outlook for Bitcoin is bearish, therefore I expect XRP to also be bearish on the short term
I can see further downside movement to the 0.56 level which aligns to highs seen in previous months
This may allow some good buying opportunities for long-term XRP bulls
An appeal is not even close to be a setback. First, it will be two years from now before a decision is issued by the 2nd Circuit, if itโs appealed. The Torres Decision is the law until then - at least in the 2nd Circuit. Second, even if the 2nd Circuit said Torres was wrong regarding her application of the 3rd Howey factor (which I predict they wonโt), that doesnโt meant the SEC wins on Programmatic sales (sales on exchanges). All that happens is that Torres then applies the other two factors and could likely still rule the SAME EXACT WAY, concluding the SEC didnโt satisfy the common enterprise factor - which is a more difficult factor to meet IMO than the third factor. Donโt let anyone underestimate how significant this win is for #XRP and #XRPHolders and @Ripple.