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May 3 - According to the Financial Times, the USs obstruction of the worlds first decarbonization framework for the shipping industry has stalled, with countries agreeing to postpone a decision until later this year and allow for alternative proposals. International Maritime Organization (IMO) negotiators stated that the framework would be the first to price global shipping carbon emissions, but negotiations to advance it have stalled over the past week and will now adjourn. The US argues that the framework is merely a "global version" of the EUs "highly unpopular" emissions trading system, with consumers bearing the majority of the costs. The US Federal Maritime Commission stated, "The United States will explore all possible remedies to protect American consumers from the controversial and unnecessary global carbon tax."Japanese Prime Minister Sanae Takaichi: At the same time, I also hope to have a frank and serious exchange of views on the regional situation and the current severe international situation, and to reaffirm the cooperative relationship between the two countries.Japanese Prime Minister Sanae Takaichi: I hope to discuss cooperation with Australian Prime Minister Barnes in a wide range of areas, including economic security (covering critical mineral and energy security), the economy, and security and people-to-people exchanges that have formed the foundation of the strong Japan-Australia relationship in recent years.Japanese Prime Minister Sanae Takaichi: This year marks the 50th anniversary of the signing of the Japan-Australia Treaty of Friendship and Cooperation. Against the backdrop of an increasingly challenging regional security environment, the unbreakable friendship established with Australia becomes all the more important.Advisor to the Ukrainian Interior Minister: Russia and Belarus are absent from this summit.

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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