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Hi Traders, Investors, and Speculators of Charts! 📈📉 Congratulations to all the XRP HODLERS! 🤩🥂 In a nutshell, the SEC case involving Ripple and XRP concluded with a significant win for Ripple Labs. The legal battle began when the SEC sued Ripple in December 2020, alleging that XRP was a security and that Ripple violated securities laws. However, on July 12, 2023, Judge Analisa Torres ruled in favor of Ripple Labs, dismissing the case as the SEC failed to prove that XRP is a security. This ruling is a pivotal victory not only for Ripple Labs but also for the entire cryptocurrency industry, potentially impacting cryptocurrency regulations in the United States. This development further supports my belief in the onset of AltSeason 2023. For more insights on AltSeason 2023, click here: [insert link] Follow us on TradingView for daily updates and trade ideas on crypto, stocks, and commodities. Don't forget to like and follow! Thank you for your continuous support! CryptoCheck
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Latest News: Ripple Foresees U.S. Banks Adopting XRP Post SEC Legal Win In a recent development reported by CNBC, Ripple expressed confidence in the potential adoption of XRP by U.S. banks for cross-border transactions following a favorable ruling in its legal battle with the SEC. According to General Counsel Stu Alderoty, the judge's decision that XRP is not inherently a security carries significant implications for the cryptocurrency industry. While this was a partial victory for Ripple, as the judge deemed sales of XRP to institutional buyers as unregistered securities sales, it is important to exercise caution. Market correction might be on the horizon post-news, as a sell-the-news market sentiment could prevail. Ripple's statements should be cautiously observed before making any investment decisions.
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Everything you should be aware of regarding the BTC Halving event approaching soon:
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If you are interested in potentially profitable Microcaps, consider exploring these promising altcoins with excellent reward-risk setups.
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XRP Traders: Latest Important Update:
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Easily identifiable trading patterns: 05:54
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Bearish M-pattern spotted on XRP. Previous instances of similar bearish M-patterns have been observed.
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Latest XRP update following the security breach: 🚨🚨
