✅XRP Tops $0.8 After Major Price Spike

As reported by U.Today, the token experienced a major price surge in the wake of a landmark court decision involving Ripple Labs, the company associated with the XRP token. A judge ruled institutional sales by Ripple as securities but did not classify all other sales similarly, a verdict seen as a significant win for Ripple Labs and its digital token.

In the following days, the market cap and volume experienced some fluctuations as the market was trying to digest the ruling.

Even with this recent increase, XRP remains significantly down from its all-time high of $3.40, reached in January 2018.

This mixed verdict in favor of Ripple has had a noticeable impact on the market, given the significant uncertainty that the SEC lawsuit had previously cast on XRP's future. The court's decision not to classify all sales of XRP as securities avoided a potentially damaging outcome for Ripple Labs and provided a boost of confidence to investors.

Despite this legal victory, it's worth noting that the overall verdict remains somewhat complex and unresolved.

As reported by U.Today, Judge Sarah Netburn has asked both parties to identify three mutually agreeable dates for a potential settlement conference, encouraging them to schedule the meeting six to eight weeks in advance.

Fox Business anchor Charles Gasparino recently questioned Ripple's financial strategy given potential fines of up to $1 billion.

SEC Chair Gary Gensler has suggested the possibility of an appeal against the recent verdict in the Ripple case. This means that the XRP token is not out of the woods just yet in spite of the impressive price rally.

✅RIPPLE WINS CASE AGAINST U.S. SECURITIES AND EXCHANGE COMMISSION (SEC)

The Southern District of New York ruled that sales and other distributions of Ripple's XRP token do not violate current legislation. XRP coin prices reacted positively to the outcome, increasing by 24% within just one hour.

This favorable decision for the California-based blockchain company comes after a legal process that began in 2020. The SEC's lawsuit alleged that Ripple had been selling unregistered securities in the form of XRP tokens to retail investors for seven years.

A key factor influencing the court's decision was a statement made by former SEC official William Hinman in 2018. At that time, the former director of the agency's Division of Corporation Finance asserted that Bitcoin and Ethereum were not considered securities for various reasons.

Ripple representatives expressed confidence that this legal precedent would have a positive impact on future crypto innovations in the United States.

The cryptocurrency market responded immediately, with assets in the top 10 by market capitalization transitioning into the "green zone." XRP showed the most significant growth in 24 hours (66.9%), followed by Cardano (25.4%) and Solana (32.6%). The second-largest cryptocurrency, Ethereum, surpassed the $2000 mark for the first time since May. Bitcoin also gained 3.5% within a day, breaking the $31,000 level.

However, according to the court's ruling, the distribution of coins to major players in the industry did violate U.S. securities laws. As a result, Ripple's management expressed their determination to secure a victory in the next court case.

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✅XRP Just Beat Bitcoin (BTC), Here's How

Ripple has recently been in the limelight due to a historic court ruling in its favor against the U.S. Securities and Exchange Commission (SEC).

This verdict led to XRP's relisting on major cryptocurrency exchanges, and a subsequent surge in demand and trading volume followed suit.

The XRP token has experienced an impressive rally, seeing a gain of around 65% in its price.

However, it is worth noting that XRP has lost about 20% of its value since reaching its recent peak.

Despite this drawback, the overall momentum for XRP remains positive.

The uptick in trading volume suggests increased interest and activity around the token, likely driven by the court victory and relisting on various platforms.

Meanwhile, Bitcoin, the original cryptocurrency and traditionally the most traded digital asset, seems to have stalled.

Despite numerous attempts, Bitcoin has struggled to break away from the $30,000 threshold.

While Bitcoin remains a key player on the cryptocurrency market, the surge in XRP trading volume has momentarily overshadowed its dominance.

The increase in XRP's trading volume compared to Bitcoin's is a clear indication of the impact of legal and regulatory decisions on cryptocurrency markets.

It underscores the potential volatility and rapid shifts that can occur in response to such events.

While XRP's recent surge in trading volume has led it to outpace Bitcoin momentarily, it is still unknown if this trend will continue.

Factors such as market sentiment, regulatory developments and broader economic factors all play a role in determining trading volumes.

✅Ethereum Price Prepares For The Next Move As Risk of Bounce Grows

Ethereum Price Could Restart Rally

Ethereum’s price rallied above the $1,970 resistance. ETH even climbed above $2,000 but failed to extend gains. A high was formed near $2,027 before there was a bearish reaction.

There was a move below the $1,950 support zone and the 100-hourly Simple Moving Average. The price even tested the $1,900 level. A low is formed near $1,900 and the price is now consolidating losses. It is trading near the 23.6% Fib retracement level downward move from the $2,027 swing high to the $1,900 low.

Ether is also trading below $1,950 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance near $1,930 on the hourly chart of ETH/USD.

On the upside, immediate resistance is near the $1,930 level. The first major resistance is near the $1,950 zone, above which the price could rise toward the $1,975 resistance zone. It is close to the 61.8% Fib retracement level downward move from the $2,027 swing high to the $1,900 low.

The next major resistance is near the $2,000 level. Any more gains could send Ether toward the $2,050 resistance or even $2,120.

More Losses in ETH?

If Ethereum fails to clear the $1,930 resistance, it could a fresh decline. Initial support on the downside is near the $1,920 level.

The first major support is near the $1,900 level, below which the price might gain bearish momentum. The next major support is near the $1,850 support level. Any more losses could send Ether toward the $1,825 support level in the near term.

✅TELEGRAM GROUP

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✅DOMAIN MIGRATION

How is your day doing?

We've had enough of the absurd domain suspensions regardless of documents of legality supplied to domain registrars. We've moved from .com to .net and now to AIFXT.LTD which is under a different registars which will not listen to baseless complaints and are not going to suspend such domains for no legal reasons.

We've migrated one more time to a new domain which we think will be the final and last migration to a new domain name we will ever do because of registering through the proper registrar services.

Please update your bookmarks once more to AIFXT.LTD Again that is AIFXT.LTD It befits our company name perfectly and should be our permanent domain link. Thank you for being patient and understanding.

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✅HENBBO HELD A GREAT TEAM-BUILDING EVENT AT AN ACTIVITY CENTER ON THE OUTSKIRTS OF LONDON

Over the last few months the Henbbo Foundation has been increasing its activities. This has had a major impact on our London office. During this time the company has expanded the staff here by more than 40% to ensure that the efficiency of the work corresponds to the growing volume of tasks.

To make our team even more cohesive, Henbbo organized an outdoor team-building event. Horsenden Hill Activity Centre was the perfect setting for a range of exciting team sports games.

The event included a variety of sports games, contests and more. All of these motivated the participants to work as a team, fostered confidence and improved teamwork. In the evening, after a short rest, we gathered again in one of London's clubs for a party with great food, music and dancing.

Teambuilding in the Horsenden Hill Activity Center, combined with a fun party left a lot of vivid impressions for our entire team. The event served as a catalyst for improved cooperation, communication and trust among colleagues.

Encouraged by this enthusiasm and strengthened bonds, the team is back at work and ready to tackle any challenge with a united front. This will ultimately contribute to the success of our entire company.

Henbbo - smart investment will change your life!