XRP Technical Analysis: Bearish Crash Takes Coin Below $0.523 Limit XRP price analysis predicts a strong downward trend for the cryptocurrency today. Prices have been trending bearishly over the past two days as selling momentum gained momentum. Even today, selling activity increased significantly, with XRP/USD depreciating to a low of $0.524. The latest one-day XRP price analysis gives bearish signs regarding today’s market trends. Things are currently favorable for cryptocurrency sellers as bearish activity intensifies further. A similar situation occurred over the 24 hours, with bearish volatility taking the coin’s value down to $0.524. On the other hand, its moving average (MA) value rose to $0.519 due to the previous uptrend. If we discuss volatility in the one-day price chart, then it seems to be increasing. This is a bearish hint about the upcoming market trend and further downward trend may be around the corner. Due to the increase in volatility, the positions of the upper and lower bands of the Bollinger Bands indicator have also shifted. Currently, the upper limit is $0.536, while the lower limit is $0.489. The relative strength index (RSI) chart confirms bearish activity with a descending curve. Today its overall value index has dropped to 53.3. Four-hour XRP price analysis currently appears to be in favor of the bulls as the price is recovering. Prices have risen over the past four hours as buyers struggle to recover. Although the previous hours remained very negative for the cryptocurrency, the coin value rose to $0.524 in the past four hours. However, its moving average price fell to $0.529 due to the previous bearish slide. Volatility is expanding rapidly, which means bearish moves are coming. As volatility increases, the upper end of the Bollinger Bands indicator has reached $0.541. Its lower limit is currently at the extreme position of $0.504. After the latest bullish move in price, the RSI score has risen to 50.4. Its graph shows a slightly upward curve. One-day and four-hour XRP price analysis lends support to sellers on the day. The token has depreciated significantly in value over the past two days as bearish volatility has taken over the market. If the current trend intensifies further, it is expected that the XRP/USD price may also drop below the current level of $0.524. On the other hand, the four-hour price analysis is encouraging for buyers. The coin value has experienced a bullish recovery over the past four hours due to increased buying activity. (Data source: Aamir Sheikh)

Babbitt News, US SEC Chairman Gary Gensler said in a speech released before the 2023 Global Exchange and Financial Technology Conference, "There is no indication that investors and issuers in the encrypted securities market should not be protected by our securities laws." .As I have said many times, the vast majority of crypto tokens meet the investment contract test. These tokens have teams promoting them through websites and Twitter accounts. These tokens did not come out of thin air. Issuers of crypto securities need to register their The offer and sale of investment contracts may meet the exemption requirements." Gary Gensler further stated that since most encrypted tokens are subject to securities laws, most encrypted intermediaries must also comply with securities laws. If the intermediaries do not register, it is the investors who are hurt, and the US financial markets may also be affected. Regarding encrypted lending and pledge-as-a-service, Gary Gensler said that in cases over the past few decades, the Supreme Court has made it clear that the economic reality of a product (not the label) determines whether it complies with securities laws. It doesn’t matter what assets investors put into a lending or staking-as-a-service platform (cash, gold, bitcoin, or anything else). Clients invest their assets through the platform, which then lends or pools them, collateralizes them, and promises returns. These are classic securities, whether cryptocurrencies are involved or not.