Ramforinkas

Very interesting. He's selling unregistered securities sent directly from Ripple? Perhaps there is some news we don't know about yet?

Back testing .305, looking good.. for now.

Uphold will continue to support XRP for the time being. Also believe Kraken still is. And there's always DEXs.

Breakout from above .22, followed by a back test and a bounce. Hard to not see us now moving up for a bit short term. Daily close in ~5 hours, hoping to see us remain above .22 on the daily. More news could always derail this. Not trading/financial advice.

You could in theory send it to a decentralized exchange, swap it for another DA, then sell that DA. https://defiprime.com/exchanges

Couldn't you always just swap it for something else, then sell the swapped DA?

What risk exactly? SEC literally said exchanges wouldn't be required to delist for at least 5 years. https://www.sec.gov/news/press-release/2020-340

It's a non-US based exchange, and I'm not sure how much volume/business they have in the US compared to the rest of the world. In addition, it's just halting, and just for US customers. I'm still a bit confused though as to why they jumped the gun so early.

I'm also having a hard time understanding why, SEC even listed guidance for DA securities stating exchanges wouldn't be required to delist. Guess we'll have to see how this unfolds.

Coinbase saw .39. Nice to see we bounced off of .305 - .33 support now. Lets hold that level and consolidate here for a bit before making another stab at .38.

I don't think this is a bull trap. The volume is massive, only second to the buy volume which created that bullish engulfing candle we saw at .22. Being rejected at .38 is not unexpected. That was previous support, and .38 fib retracement. I would not be surprised to see a back test with .305. Need to confirm we have that monthly support still. If .38 falls, a quick surge to .44 would be in the cards next. (not investment advice)

Disagree with this. .38 is, if we break .38, .44 is in the cards and could come quick.

Beautiful volume and a nice breakout above .305. Bulls in control (for the time being)

It's hard to justify the drop we saw from just the SEC news (US only). That drop was mostly panic/frustration based with bots/traders jumping in. I mean, we fell a crazy percentage (60-70 percent?) within hours, but welcome to crypto. Lets see if we can hold .305 now, that would be very optimistic. That alone could fuel us back into the .4's.

It claims XRP is a digital asset security - that is different. The SEC also released guidance stating custody exchanges do not need to delist DA securities if they already list the DA security.