California, USA – XRP tries to hit and stay in the price of $1 to $1.12 as it suggests a bull run now. As the price copes up from the previous drop, the lawsuit filed against Ripple continues, and Vartanian, the former Financial Regular of SEC, comments about the case.
XRP struggles to go near the supply zone and staying at $1.00 to $1.12. The buying interest was strong from its lower levels, while the rally encompasses $1.09.
After having a bullish moment, this digital asset traded under the supply zone, coping from the lower levels. It tries to hit moving averages or MA of 20, 50, 100 and 200-day lines without any struggle. However, the monthly chart’s volume is lower compared to its bullish moment, which is why it has to boost in the following sessions. The support level is $0.78 and $0.69, while the resistance level is $1.12 and $1.24.
As the price of XRP tries to bounce back, the US SEC or Security Exchange Commission’s case against Ripple continues to heat up. The former Financial Regulator, Thomas P. Vartanian, commented on the ongoing case.
Vartanian is a fintech futurist, and he’s the author of the book entitled “200 Years of American Financial Panics: Crashes, Recessions, Depressions, and the Technology that Will Change It All.” He predicts the finance’s future through past studies, and he’s got a say on the case of Ripple and SEC.
As per Vartanian, it’s necessary for a demanding evaluation of cryptocurrency products’ essential funding characteristics.
According to Forbes, he explained how the case of Ripple and SEC is tangible proof that governmental fascination with technology.
Vartanian suggested the action of SEC to go past the ordeal and focus on the evaluation.