XRP BEATS THE SEC? | BULL MARKET INCOMING ??

This video is about the recent legal victory for XRP against the SEC, which has led to a surge in the cryptocurrency market and the potential start of a new altcoin rally and crypto bull run.

This video by Brian Jung was published on Jul 15, 2023.
Video length: 11:34.

This YouTube video discusses the recent legal victory for XRP against the SEC, which has resulted in a surge in the cryptocurrency market.

The video provides details about the XRP case, highlighting that while XRP was ruled as not a security, it was considered a security when sold to institutional investors. Despite this, the judge's ruling in favor of Ripple has boosted confidence in the cryptocurrency, leading to a significant increase in its price.

The video also mentions that several crypto exchanges, including Coinbase and Kraken, have announced plans to relist XRP on their platforms.

• The SEC lost their case against Ripple, resulting in a surge in the cryptocurrency market.
• XRP's legal victory has led to claims of the start of the next altcoin rally and crypto bull run.
• The judge ruled that XRP is not a security, but it was considered a security when sold to institutional investors.
• XRP's price initially pumped 100% to 95 cents per token, but has since dipped and is now up about 60%.
• Crypto exchanges, including Coinbase, Kraken, and Gemini, are re-enabling trading for XRP.
• Bitcoin is up about 3% and has reached a new annual all-time high for this year at $31,800.
• Many altcoins, including XRP, are riding the wave of the XRP legal victory and experiencing significant price increases.

XRP BEATS THE SEC? | BULL MARKET INCOMING ?? - YouTube

XRP Legal Victory

• The SEC has lost their biggest case ever against Ripple, resulting in a massive surge in the cryptocurrency market.
• This legal victory for XRP has led to claims of the start of the next altcoin rally and crypto bull run.
• The judge ruled that XRP is not a security, but it was considered a security when sold to institutional investors.
• XRP's price initially pumped 100% to 95 cents per token, but has since dipped and is now up about 60%.
• Crypto exchanges, including Coinbase, Kraken, and Gemini, are re-enabling trading for XRP.

Bitcoin Performance

• Bitcoin is currently up about 3% in the past day and has reached a new annual all-time high for this year at $31,800.
• The RSI on the daily chart is at 63, nearing overbought territories.
• Short-term support levels for Bitcoin are at $31,000, $30,700, and $33,400.
• Short-term resistance levels for Bitcoin are at $31,500 and $31,800, with a strong psychological resistance at $32,000.

Altcoin Performance

• Many altcoins are riding the wave of the XRP legal victory, with XRP itself up 27% and 65% in the last seven days.
• Other top-performing altcoins include Synthetix, Stellar Lumens, Injective, and meme coins.
• These altcoins were recently declared securities by the SEC, and their performance suggests confidence in similar outcomes for other cryptos mentioned by the SEC.
• Exchanges are relisting these altcoins, providing more access for investors.

XRP BEATS THE SEC? | BULL MARKET INCOMING ?? - YouTube

Impact of XRP Legal Victory

• The judge's ruling that XRP is not a security has made XRP the fourth largest cryptocurrency.
• XRP's price initially surged to 95 cents per token, reaching a market cap of $49 billion, but has since dropped to $40 billion.
• The legal victory has given crypto exchanges confidence to relist XRP, including Coinbase, Kraken, and Gemini.
• More exchanges listing XRP increases accessibility and potential demand for the token.

XRP's Legal Victory and Market Surge

• XRP's price has surged following its legal victory against the SEC.
• There was a prediction in a previous video that XRP could go over a dollar, which has now come true.
• Coinbase is re-listing XRP, which has contributed to the surge in the cryptocurrency market.
• Bitcoin's dominance has fallen below 50% due to the spike in altcoin prices.
• Many people in the crypto community believe that this could be the start of a new altcoin rally and crypto bull run.

All Coin Season and XRP's Impact

• All coin season may be coming back soon as Bitcoin's dominance decreases.
• There have been challenges and doubts surrounding altcoins, including attacks, lawsuits, and hacks.
• The SEC's declaration that many altcoins are securities caused fear and uncertainty.
• XRP's legal victory is seen as a turning point for the entire crypto market.
• The current state of the economy, with a high influx into the stock market, also contributes to the potential bull market.

Scammers and XRP's Price Potential

• Scammers are taking advantage of the hype around XRP and attempting to steal from unsuspecting individuals.
• XRP's ongoing price pump may not be just a short-term reaction to the positive news, but a sign of long-term potential.
• Trading volume for XRP has reached a 10-month high, indicating strong interest in the cryptocurrency.
• Whale transactions for XRP have also increased, suggesting that investors with significant funds are bullish on XRP.
• Other factors, such as the re-listing of XRP on exchanges and the support of the XRP community, contribute to its long-term potential.

Celsius CEO Arrest and Lawsuit

• Celsius CEO Alex Machenski has been arrested and sued by regulators on the same day XRP won its case against the SEC.
• The investigation against Machenski began earlier this year after the New York attorney general filed a lawsuit.
• The SEC claims that Celsius and Machenski raised billions of dollars through unregistered and fraudulent offers.
• Machenski and Celsius are accused of falsely promising investors a safe investment and manipulating the price of the Celsius token.
• This news follows the FTC's issuance of a $4.7 billion fine against Celsius.

Legal victory for XRP against the SEC

• The video discusses the recent legal victory for XRP against the SEC.
• This victory has led to a surge in the cryptocurrency market.
• There is potential for a new altcoin rally and crypto bull run.
• The video mentions the issue of money being stuck within the Celsius platform.
• Other exchanges are working to get money out for their users.
• The video emphasizes the importance of being cautious about where to store and keep crypto.

Watch the video on YouTube:
XRP BEATS THE SEC? | BULL MARKET INCOMING ?? - YouTube