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Travel stocks fell across the board in pre-market trading due to rising oil prices. American Airlines (AAL.O), Delta Air Lines (DAL.N), and Southwest Airlines (LUV.N) all fell 2.4%, while United Airlines (UAL.O) fell 3.2% and Alaska Airlines fell 2%.April 13th - According to the latest display industry research from TrendForce, Apple is expected to enter the foldable phone market as early as the second half of 2026, drawing attention to related technological innovations. Among these innovations, the optimization of panel creases is shifting from the previous reliance on the "mechanical confrontation" between hinges and support structures to "stress management engineering" centered on material stacking. Crease treatment has become a core indicator of a brands display technology integration capabilities. The agency predicts that Apple, leveraging its brand image and consumer expectations, will achieve nearly 20% market share in the foldable phone market by 2026, squeezing Samsung and Huaweis share to around 30%.April 13 - The Ministry of Commerce will hold a press conference at 3:00 p.m. on Thursday, April 16, 2026, where a spokesperson will introduce the recent key work in the commercial field and answer questions from reporters.Chinas new yuan loans so far this year reached 8.6 trillion yuan in March, exceeding the expected 9.06 trillion yuan and the previous months figure of 5.61 trillion yuan.April 13th - At the end of March, the balance of domestic and foreign currency deposits reached 350.23 trillion yuan, a year-on-year increase of 8.7%. The balance of RMB deposits at the end of March was 342.41 trillion yuan, a year-on-year increase of 8.6%. RMB deposits increased by 13.73 trillion yuan in the first quarter. Among them, household deposits increased by 7.68 trillion yuan, non-financial enterprise deposits increased by 2.68 trillion yuan, fiscal deposits increased by 460.6 billion yuan, and deposits of non-bank financial institutions increased by 2.03 trillion yuan. At the end of March, the balance of foreign currency deposits reached 1.13 trillion US dollars, a year-on-year increase of 17.8%. Foreign currency deposits increased by 70.3 billion US dollars in the first quarter.

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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