THE REASON FOR RIPPLE XRP'S 16% DAILY GROWTH
Ripple's XRP is one of the few major cryptocurrencies that haven't traded unchanged in the last 24 hours, but actually grew by an impressive 16% before rolling back. Apparently, the latest developments in the company's case against the Securities and Exchange Commission are well received by market participants.
RIPPLE PRICE ANALYSIS: DESPITE THE RECENT BREAKTHROUGH, XRP HOLDERS SHOULD BE CAREFUL
Over the past 24 hours, XRP holders have been surprised by fundamentally positive news. The Ripple Foundation will argue that the SEC did not report that XRP could potentially violate US law.
CARDANO PRICE ANALYSIS: ADA IS FACING A DOWNTREND, BUT THESE SIGNS ARE ENCOURAGING IN THE MEDIUM TERM
Cardano, one of the altcoins with exceptional performance in 2021, dropped 75% compared to ATH. ADA recently lost a critical support level at $1. Now the price is declining, forming a descending wedge, accompanied by a 100-day moving average (marked with a white line on the daily chart).
This step is designed to maintain the profitable profitability of the stablecoin savings protocol at about 20% per year.
In a tweet posted early Friday, Do Kwon, founder of Terraform Labs, an organization developing the Terra Luna (LUNA) and Terra USD (UST) stablecoin ecosystem, announced an infusion of 450 million UST ($450 million) into the Anchor protocol reserves.
Altcoin XRP became the only digital asset in the top-10 ranking, ending yesterday with an increase of three percent. Investors bought cryptocurrencies based on the results of the next round of Ripple and US SEC litigation.
According to the developers of the project, the first version of a decentralized autonomous organization for members of the Shiba Inu community called DoggyDAO was launched on Friday on the decentralized cryptocurrency exchange ShibaSwap.
Two Ripple legal briefs are now available to the public. The defense attorney, former federal prosecutor James K. Phelan, says the legal memos prove that Ripple is not a security.
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