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🚀Hey BTC enthusiasts! Let's take a quick detour and peek at Ripple (XRP). It's been a roller coaster ride, with the price bouncing around like a pinball in a machine.🎢 🔍Looking at the daily chart, XRP has been trading sideways for a while now. It's been stuck between a rock and a hard place, with resistance at $0.55 and support at $0.47. But recently, we've seen a tiny spark of bullish momentum, pushing the price towards the upper boundary.📈 🚧But hold your horses! XRP is now wrestling with a significant resistance zone. This includes the range’s upper limit, the 200-day moving average, and a multi-month ascending trendline. If buyers can smash through this, we might see a sustained bullish trend.🥊 🔮However, the crystal ball isn't clear. The recent price movements suggest that XRP might continue to trade sideways until a breakout occurs.🔮 🕰️On the 4-hour chart, a bullish bounce is evident near the lower boundary of an ascending wedge, around the $0.50 mark. But it's heading towards a critical resistance area. If the buyers can overcome this, we could see a fresh bullish rally. But a bearish rejection might trigger another decline.📉 🎭In a nutshell, while XRP's price has seen a minor uptick, it's facing significant resistance levels. The market remains uncertain, so keep your eyes peeled for either a breakout or continued consolidation.👀 Remember, we're just observers here, not fortune tellers. Stay tuned for more updates! 🚀

🚀Hey BTC enthusiasts! Let's take a quick detour and peek at Ripple (XRP). It's been a roller coaster ride, with the price bouncing around like a pinball in a machine.🎢

🔍Looking at the daily chart, XRP has been trading sideways for a while now. It's been stuck between a rock and a hard place, with resistance at $0.55 and support at $0.47. But recently, we've seen a tiny spark of bullish momentum, pushing the price towards the upper boundary.📈

🚧But hold your horses! XRP is now wrestling with a significant resistance zone. This includes the range’s upper limit, the 200-day moving average, and a multi-month ascending trendline. If buyers can smash through this, we might see a sustained bullish trend.🥊

🔮However, the crystal ball isn't clear. The recent price movements suggest that XRP might continue to trade sideways until a breakout occurs.🔮

🕰️On the 4-hour chart, a bullish bounce is evident near the lower boundary of an ascending wedge, around the $0.50 mark. But it's heading towards a critical resistance area. If the buyers can overcome this, we could see a fresh bullish rally. But a bearish rejection might trigger another decline.📉

🎭In a nutshell, while XRP's price has seen a minor uptick, it's facing significant resistance levels. The market remains uncertain, so keep your eyes peeled for either a breakout or continued consolidation.👀

Remember, we're just observers here, not fortune tellers. Stay tuned for more updates! 🚀

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🚀Uniswap Labs, the brains behind the decentralized exchange Uniswap, has fired back at the U.S. Securities and Exchange Commission's (SEC) Wells Notice, calling the legal basis "weak".👎 Meanwhile, Uniswap's native token UNI is on a roll, surging 2.0% in the last 24 hours and 37% over the week to hit $9.48.💰 Uniswap argues that the SEC's assumption that all tokens are securities is flawed. Marvin Ammori, Uniswap Labs' Chief Legal Officer, insists that tokens are a file format for value, not securities. He criticized the SEC's attempts to redefine terms such as "exchange," "broker," and "investment contract" to include Uniswap's operations.👨‍⚖️ Uniswap is ready to fight back. Its lawyers, who have represented successful cases including Grayscale and Ripple, warn that a case against Uniswap could push American crypto investors to use foreign trading protocols and stifle innovation.🥊 Uniswap's response comes as the U.S. House of Representatives gears up to vote on the Financial Innovation and Technology for the 21st Century Act. This bill could reshape the SEC and the Commodity Futures Trading Commission's (CFTC) roles in crypto regulation. Uniswap believes that if this legislation is enacted, the SEC's case might become irrelevant, and the CFTC would gain enforcement authority in certain areas.🏛️ Uniswap received the Wells Notice in April, and Ammori expressed disappointment but not surprise. He criticized the SEC for lacking clarity and guidance on Uniswap's self-custodial, non-intermediated products.📜 Stay tuned for more updates!👀
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