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On June 1, local time, the governor of Russias Murmansk Oblast announced that the state was attacked by drones. The governor is currently on his way to Olenegorsk, the city of Murmansk in the state, and the local air defense system has been activated to respond to the drone attack. Earlier on June 1, an insider of the Ukrainian Security Service said that Ukraines special operation code-named "Spider Web" took 18 months to plan and implement, and successfully destroyed 41 Russian strategic bombers. The operation was personally coordinated by Zelensky and directly implemented by the Security Service Director Malyuk.U.S. Treasury Secretary Benson: The United States will never default on its debt.A U.S.-backed group called reports of deaths near an aid center in Gaza "false."June 1, according to the Financial Times, British Business and Trade Minister Jonathan Reynolds will urge the Trump administration next week to reach an agreement as soon as possible to reduce British steel export taxes to zero, after Trump doubled steel tariffs to 50%. British officials said it is still "unclear" how the new policy will hit the British steel industry and its 400 million pounds of exports to the United States. But the outlook is not optimistic, and British officials admit that "trade agreements usually take several months to take effect." Reynolds will meet with US Trade Representative Greer in Paris during the OECD meeting next week to determine the "timetable" for the implementation of the so-called Economic Prosperity Agreement. "The steel situation remains unclear," said a British official, while another official said that London is particularly focused on persuading Trump to speed up another agreement to cut British car tariffs.June 1, Ukrainian drones attacked several Russian military airports on Sunday, including the Belaya military base deep in eastern Siberia, according to Ukrainian Security Service sources. More than 40 aircraft, including A-50, Tu-95 and Tu-22 M3, were damaged in the operation, with losses of about $2 billion. Vasyl Malyuk, head of the Ukrainian security service, led the operation. The attack came after Ukraine suffered the longest drone and missile attack from Moscow and the day before ceasefire talks planned in Istanbul.

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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