Hi all. Here is your weekly time frame update.
The resistance is eliminated, in the weekly frame too.
No Obstructions above $0.6649
Targets clear: $1.8815, $5.8563
Supports: $0.6044, $0.5286
โ๏ธ
#XRP Valhalla: The Ultimate Summoning!
Behold the power of the 2-week timeframe chart! ๐ When the 21 EMA draws near the crossing point with the 55 MA, history shows us that this is where the magic happens. ๐Prepare for epic gains.
#XRPArmy STAY STEADY, Valhalla is welcoming us.
Today was an even better day.
Ripple: 3
SEC: 0
In all seriousness, Chris and I (in a case involving no claims of fraud or misrepresentations) were targeted by the SEC in a ruthless attempt to personally ruin us and the company so many have worked hard to build for over a decade.
The SEC repeatedly kept its eye off the ball while secretly meeting with the likes of SBF โ failing again and again to protect US consumers & businesses. How many millions of taxpayer $ were wasted?!
Feels good to finally be vindicated.
The SEC made a serious mistake going after Brad & Chris personally โ and now, theyโve capitulated, dismissing all charges against our executives. This is not a settlement. This is a surrender by the SEC.
I have to say there is no doubt 75K #XRPHolders are a major reason the SEC is conceding this issue. We fought to have the judge actually โ๏ธ that the token itself is not the security. In fact, it was the first section in our argument in the Brief.
XRP is not a security.
This victory for @Ripple is a win for the entire industry and a step toward regulatory clarity in the U.S.
A huge thank you to @bgarlinghouse, @chrislarsensf, and @s_alderoty for their leadership and the #XRPCommunity for their continued support.
A huge win today โ as a matter of law - XRP is not a security. Also a matter of law - sales on exchanges are not securities. Sales by executives are not securities. Other XRP distributions โ to developers, to charities, to employees are not securities.
#XRPCommunity#XRP This is to me the most important part of the decision. Programmatic Sales are not securities, and because a Programmatic Buyer โstood in the same shoes as a secondary market purchaser,โ secondary market sales are not investment contracts โ NOT SECURITIES.
#XRP Road to 13$:
1 - #XRP has to stay above the MYTL
2 - #XRP has to close above 0.60 - 0.55C
3 - #XRP has to close above Descending Channel
4 - Measured move will take us to $1.41 (W 1)
5 - Elliot Wave Count (Impulsive waves only)
W 1: 1.4
W 3: 6.3
W 5: 13.13
Enjoy: