Ripple News Today – More Lawsuits Looming For Ripple Labs After California Court Ruling – March 14th, 2020

  • NY Regulator Sends Letter To Ripple And Other Crypto Company On Their Plan Towards Corona Virus
  • Ripple XRP Bull and Bear Fighting For Dominance 

XRP Projections – Things seem to be on a rough edge for Ripple Lab after a district California Court ruling. There might be a massive rouse in class action across the whole cryptocurrency sphere. XRP 2020 – Most crypto companies have been working effortlessly to defend their token as not being securities ever since the Ripple security case came up.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.305
1.77%

XRP 2020 – now that a district court in California is involved in the case against Ripple Labs, a token not being security might be a big stumbling block. XRP Projections – According to the ruling, if cryptos like XRP are not securities, federal laws against unfair, deceptive, or abusive acts or practices (UDAAPs) may apply. The ruling also calls for the application of California’s unfair competition law.

XRP Projections – with this ruling, it appears Ripple Labs has been caught in a tight corner as there is no escaping the law when it comes to cryptocurrencies in the United States. XRP 2020 – not being security will affect many cryptos like Ripple and others that don’t fit into the classification.

N.Y. Regulator sends letter to Ripple and other crypto companies on their plan towards Corona virus

XRP 2020 – Ripple, Coinbase, BitPay are among the 18 registered crypto businesses that were sent letters from the New York Department of Financial Services (NYDFS) to submit their backup plans on Corona virus outbreak. XRP Projections – sometimes in July 2019, regulators opened a new department aimed at licensing ad regulating crypto-based businesses in the state of New York. The department is to oversee crypto services like buying, selling, storing, sending and receiving digital assets on behalf of the New York residents.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020

XRP Projections – according to the letter, regulators are asking crypto companies under its command to guarantee them on operational and financial rising mounting due to the Corona virus. The letter reads thus:

“It is critical that each regulated entity establish plans to address how it will manage the effects of the outbreak and assess disruptions and other risks to its services and operations.”

Ripple XRP Bull and Bear Fighting For Dominance

XRP Price Prediction 2020 – XRP/USD bear took charge of the market in the early hours of Saturday after the price decline from $0.16 to $0.158. This followed a bullish Friday, where the XRP price leaped from $0.139 to $0.16 and retested the 20-day Bollinger Band. XRP Price Prediction 2020 – the MACD for XRP/USD pair is signifying surging bearish momentum, while the Elliot Oscillator had had eight persistent red sessions. The RSI indicator is trending at the edge of the oversold territory.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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