We’ve all seen the change to digital currency
happen in front of our very eyes. I mean, do you remember when the Pandemic hit?
Almost all businesses preferred digital cash over the hard paper option. That’s
because, aside from the fact that hard cash increased the spread of COVID-19, it was also
less convenient. Most, if not all, businesses used other options and that increased the
importance of CBDCs more than ever. Even Ripple pointed that out in a tweet. The company stated,
‘With Pandemic-related declines in cash usage, #CBDCs are more important than ever.
@Business Times breakd down why establishing interoperable payment systems is
crucial for the future of money. Learn more’ I don’t know who needs to hear this but CBDCs
are happening sooner than we think and the Pandemic only made this happen a lot faster than
And guess which crypto is at the center of all of this? XRP. That’s not all! There’s
so much happening around XRP and today, I’m going to highlight the best of the
best supported with tweets. So, before we get down to business, let’s roll that intro.
What’s up guys and Welcome to Money Side, your favorite crypto channel. If you are new here, hit
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To my Money Side Fam, welcome back. Don’t forget to hit that like button and comment in the
section below if you find this video informative. I’ll start of by pointing out this tweet
by Eleanor Terrett that shows an exclusive interview with Brad Garlinghouse.
Brad talks a
lot about what is currently happening with the lawsuit against Ripple. He says, the SEC chairs
have been occasionally spotted saying that XRP isn’t a security. And that happened
long before the current lawsuit. And Garlinghouse also goes on to say that Ripple
hasn’t been able to operate effectively in the US. But outside the US, Ripple has had a successful
year. However, there’s no clarity in terms of the regulations with the SEC and the regulatory
body was in a hurry to file the lawsuit. And it seems that they were not prepared.
Now the SEC is asking for an extension to January and it’s rather odd that the plaintiff
asks for extensions like the SEC is doing. Mackattack XRP also shared a tweet
that raises the same concerns. Mackattack XRP says, ‘XRP Lawsuit: Ripple says
discover deadline extension would be ‘severely prejudicial’.
And that’s completely true. It beats
logic that the regulatory body has been extending the proceedings of the court and that Ripple are
trying to close the case as soon as possible. From my little knowledge of court proceedings, I
think it should be the other way around. I mean, the SEC should be the ones trying to finish
this court case as soon as possible. But that’s not exactly what is happening in this situation
MackAttack also tweeted another statement saying, ‘Ripple CEO: It’s ‘a joke’ that some Execs believe
SEC isn’t harming crypto. And I tend to think the same way. Have you seen the losses that Ripple has
encountered ever since this lawsuit was issued. And the funny thing, I don’t know why they
keep extending the case yet they already know that it’s harming XRP holders and Ripple.
Are they intentionally trying to hurt Ripple? Is this case really about sale of
securities or there’s something a little deeper than what exactly meets the eye?
From where I stand, there’s so much the SEC is hiding from the public and I think everything will
soon come to light.
Unfortunately, Brad and his company have tried to sort this case outside the
court but it just so happens that it didn’t yield any fruits. More importantly, it seems the SEC
is hell bound on delaying this court case as long as they can and I think the issue is that they
don’t have any evidence to hold Ripple account. And the regulatory body doesn’t want to look
like a joke to the public, which frankly, they already seem like jokers.
But don’t get me
wrong! I’m not hating on this regulatory body or neither I’m I challenging their authority.
My problem is, I feel like the SEC didn’t prepare enough to even file this lawsuit. And
if they were not ready, they shouldn’t have gone for it in the first place. I mean, Ripple
isn’t going anywhere. Brad is a US citizen and Ripple’s main HQ is in San Francisco.
And then it just so happens Ethereum is crazy expensive. Take a look at this
tweet by Rian Taylor, where he says, ‘Wow. #Ethereum is crazzzzzyy. I just looked at
sending 6500 Pound over EC20 network. They system said the cost would be 9823 Pound. WTF???Hmm.
Conclusion: Swapped to XRP and cost me 0.001 XRP instead. Why does anyone use #ETH again?’
Imagine that? RippleNet is a framework that encourages cross border payment that’s actually
The fees that you will incur transferring your assets from one country to
the next is so negligible that you will barely even notice it. Then why is the SEC painting
Ripple as the worst cryptocurrency of our age? While in real sense, it’s the crypto that favors
the crypto traders and also the government. I mean, we all need to wake up and realize that
things are not as they seem. We might be fooled into thinking that XRP isn’t the one true coin but
in reality, it is. This coin could finally ensure that the government and financial institutions
start to embrace cryptos as an alternative payment option. Even though we now have to deal with
the fact that cryptos have an anonymity feature, at least with it’s mass adoption, we can all
finally reap the fruits of cryptos. XRP is the coin to lead the way to this new future. And we
need to realize that. Anyway, let’s take a look at the technical analysis to know what is currently
happening with the price of XRP and Bitcoin. Today I paste, convert on logarithmic chart
& edited 2017 waves on XRP weekly chart. According to this analysis, the
first top would be around 5-7 USD. It was always hard to draw Fibonacci
Not yet hit targets. But I think this is one of a few
undervalued HQ coins now. Also seems interesting against the BTC chart.
There is always a big risk. so be careful with investing/trading. SP500
and Bitcoin are actually pretty high and could dramatically change direction.
Bitcoin is approaching an all-time's high. An important decision is ahead:
Either bulls break that structure and go higher or we see a pullback.
To catch the next bullish wave, let the price violate the underlined
yellow supply cluster on a weekly. Wait for a weekly candle close above.
Then wait for the retest of the broken area and buy there only after you
get a solid intraday confirmation. Alternatively, monitor a rising
wedge pattern on 12H time frame. Bearish breakout of its support
may lead to a formation of a retracement leg at least to 58.000 level.
In such kind of decisive moment, it is preferable to passively wait not opening any position.
Stay calm and patient. Please keep in mind, We are not a licensed
All videos on this channel are intended for entertainment purposes only.
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