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A fire has broken out at an oil refinery in Russias Bashkortostan and firefighting is underway, with the production site suffering minor damage, the regional governor said.British retailer Sainsburys confirmed it is in discussions to sell its Argos subsidiary to JD.com (JD.O).The Cyberspace Administration of China is soliciting public opinions on the "Regulations on Promoting and Standardizing the Application of Electronic Documents (Draft for Comments)".On September 13th, Trump released a letter to all NATO nations and the world. He stated, "I am ready to impose significant sanctions on Russia when all NATO nations agree and begin taking the same actions, and all NATO nations stop buying Russian oil." As you know, NATOs commitment to "winning this war" is far from 100%, yet some countries are still buying Russian oil, which is truly shocking! This significantly weakens their negotiating position and leverage with Russia. This is not Trumps war (if I were president, this war would never have happened!), but Biden and Zelenskys war. My sole purpose is to help end this war and save tens of thousands of Russian and Ukrainian lives. If NATO does what I say, this war will end quickly, and all these lives will be saved!On September 13, Russian Permanent Representative to the United Nations Vasily Nebenzya revealed on the 12th that Poland acknowledged that a drone that recently entered Polish airspace may have originated from Ukrainian territory, stating that it was no secret that Ukraine "has been attempting to expand the geographical scope of the Russia-Ukraine conflict." This statement further complicates the Polish version of the Russian drones entry into Polish airspace. Several European and American experts, scholars, and politicians speculated that there may be a hidden story behind this incident.

XRP Must Return to $0.48 to Challenge the Bulls at $0.50

Daniel Rogers

Nov 07, 2022 17:49

 截屏2022-11-07 下午5.46.11.png

 

On Sunday, XRP fell 4.50 percent. Following a Saturday drop of 2.51%, XRP closed the week up 2.95 percent at $0.47113. Bearish mood from the crypto market as a whole weighed as investors secured profits before a busy week. Technical indications are optimistic, with XRP trading above the 100-day exponential moving average (EMA), indicating a rebound to sub-$0.50.

 

On Sunday, XRP fell 4.50 percent. Following a Saturday drop of 2.51%, XRP closed the week up 2.95 percent at $0.47113. Notably, XRP halted a three-week losing record, which was its longest losing streak since May's nine-week losing streak.

 

Despite a mixed opening to the day, XRP climbed to an early high of $0.49461. XRP reached a 1-hour low of $0.46763 after failing to surpass the First Major Resistance Level (R1) at $0.5056. At $0.4854 and $0.4776, XRP broke through the First Major Support Level (S1) and the Second Major Support Level (S2). However, avoiding prices below $0.46, XRP established support at $0.47113 before day's finish.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

There were no new developments in the SEC v. Ripple case for investors to ponder on Sunday.

 

With the Court accepting the SEC's request to extend the deadline for all parties to file Reply Briefs until November 30, holders of XRP risk increased uncertainty.

 

The Defendants have made significant progress, and court decisions have given them the upper hand. However, a prolonged case could give the SEC time to craft its strategy.

 

The Court will no longer accept Amicus Briefs after November 11, therefore we anticipate an increase in requests and submissions this week. However, the impact of the Amicus Briefs on XRP has been minimal. Investors must evaluate how the SEC will approach each issue and how the Court will evaluate the content.


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