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Futures data for September 2nd: 1. Heavy rainfall is expected in parts of the Indian Peninsula and central and southern Europe over the next three days. Under the influence of a low vortex, parts of northern India and northern Pakistan will experience moderate to heavy rain, with localized torrential or torrential downpours. These areas will also experience short bursts of heavy convective rainfall, with cumulative precipitation reaching 50-90 mm in some areas, and exceeding 150 mm in some areas. Under the influence of a low trough, parts of eastern France, central Germany, Switzerland, northern Italy, and western Austria will experience moderate to heavy rain, with localized torrential downpours. Under the influence of a low vortex, parts of northern Argentina, Paraguay, and Uruguay will experience moderate to heavy rain, with localized torrential or torrential downpours. 2. High temperatures will persist in parts of West Asia and North Africa, including the southwestern United States, for the next three days. Under the influence of a subtropical high pressure system, temperatures will exceed 40°C (104°F) in the central and eastern Arabian Peninsula, southern Iran, southwestern Afghanistan, southwestern Pakistan, and most of North Africa, with temperatures reaching over 45°C in some areas. Parts of the southwestern United States and northern Mexico will experience temperatures exceeding 35°C (109°F), with temperatures reaching 40°C in some areas.Japans base money annual rate in August was -4.1%, compared with -3.90% in the previous month.Venezuelan President Maduro announced that the countrys National Militia has seen a record number of recruits, with 8.2 million Venezuelans volunteering to join the organization.On September 2nd, Hanna Virkkunen, Executive Vice President of the European Commission responsible for technological sovereignty, stated on social media that the Digital Services Act and the Digital Markets Act are "sovereign legislation" of the EU and that the EU will continue to enforce these digital laws. Virkkunen stated that the relevant digital laws are non-discriminatory and apply to all online platforms operating in the EU. Virkkunen also sent a letter to Jim Jordan, Chairman of the US House Judiciary Committee, reiterating that EU digital legislation does not have extraterritorial effect, but that as long as a companys services are provided within the EU, regardless of where they are headquartered, they will be subject to EU supervision.The death toll from the Afghanistan earthquake has risen to 1,100, with another 3,500 injured.

XRP Bulls Look for a Path to $0.40 on Pending SEC v Ripple Rulings

Cory Russell

Jan 12, 2023 15:28

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Wednesday saw an increase in XRP of 6.33%. Tuesday saw a rise of 0.46% for XRP, who closed the day at $0.37291. Significantly, XRP extended the winning run to four sessions by finishing the day at $0.37 for the first time since December 15.


XRP saw a negative start to the day, dropping to an early low of $0.34800. The price of XRP increased to a late high of $0.37834, avoiding the First Major Support Level (S1) at $0.3443. The Major Resistance Levels were broken by XRP before a short decline through R3 ($0.3718) to below $0.37. But after a strong session, XRP crossed back above R3 and finished the day at $0.37291.

The SEC v. Ripple Case: Investor Attitude Delivers $0.37

Investors were left to consider the most recent court filings since there were no updates from the ongoing SEC v. Ripple lawsuit to affect them.


The parties submitted their objections to the omnibus motions to seal on Monday. Notably, the Defendants kept concentrating on the records pertaining to the William Hinman speech, putting the possibility of a settlement on the table.


The SEC is steadfast in its effort to keep the substance of the records linked to the William Hinman speech out of the public eye, and these materials remain crucial to the case.


Investors are eagerly awaiting the outcome of the Summary Judgment Reply papers and the document redactions relating to the William Hinman address. There are still two court dates, but the rulings might be made at any moment.


Daubert Motions must be filed by the parties on January 13 and opposition to non-party motions to seal must be filed by both parties and non-parties on January 18, which was the original deadline.


While there will be interest in the files, the decisions on the redactions relating to the Hinman speech and the Summary Judgment Reply brief might be crucial. A settlement can result from a decision that the SEC cannot safeguard the information included in the records relating to the Hinman speech.


Investors should keep an eye on the SEC v. Ripple case developments today, as they might significantly influence the result, even though the overall crypto market will offer direction. However, XRP would be in the hands of the larger crypto market if there were no SEC v. Ripple news.


Initial unemployment claims and the US CPI Report will be of importance later today. A hotter-than-expected CPI Report and a decline in initial applications for unemployment benefits to below 200k would put the buyer's appetite to the test.

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