The Good Tech Companies - XRP Gains Momentum Toward $5 Amid SEC Appeal Challenges, BYDFi Stays Investor Favorite

Episode Date: January 17, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/xrp-gains-momentum-toward-$5-amid-sec-appeal-challenges-bydfi-stays-investor-favorite. In this regard, BYDFi has consistently retained its position as the go-to trading platform for XRP investors, thanks to its robust user base and superior tradi Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #bydfi, #chainwire, #press-release, #xrp-lawsuit-details, #blockchain-development, #crypto-exchange, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. XRP's market sentiment has reached new highs, despite the appeal of the U.S. Securities and Exchange Commission. XRP's global search popularity has surpassed Bitcoin on Google, reflecting heightened market interest. The potential approval of an XRP spot ETF is a core driver of market optimism.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. XRP gains momentum toward $5 amid SEC appeal challenges, BYDFI stays investor favorite, by Chainwire. Victoria, Seychelles, January 16, 2025, Chainwire, Recently, despite the pressure due to the appeal of the U.S. Securities and Exchange Commission, XRP has shown strength, with market sentiment reaching new highs. Multiple positive factors have driven XRP's price to soar, and analysts are optimistic about its prospects, predicting a potential breakthrough of the $5 milestone. In this regard, BYDFI has consistently retained its position as

the go-to trading platform for XRP investors, thanks to its robust user base and superior trading matching system. SEC's appeal fails to shake Ripple's confidence CEO in January 15, 2025. The SEC formally filed an appeal with the Second Circuit Court to overturn Judge Annalisa Torres' July 2023 ruling. The SEC argues that Ripple's sale of XRP to retail investors qualifies as an unregistered securities offering. Using the Howey test, the SEC claims Ripple's promotional activities created profit expectations, thus constituting an investment contract. Ripple's chief legal officer Stuart Alderoty responded greater than, as expected, the SEC's appeal brief is a rehash

of already failed arguments greater than and likely to be abandoned by the next administration. We'll respond formally greater than in due time. For now, know this, the SEC's lawsuit is just noise. A new era of greater-than-pro-innovation regulation is coming, and Ripple is thriving. This legal battle, ongoing since December 2020, remains one of the most closely followed developments in the crypto industry. XRP's technical and sentiment synergy drives a bullish outlook despite the SEC's appeal. XRP's market performance has remained unshaken, exhibiting a strong bullish trend. As of now, XRP is priced at $3.2657, marking a seven-year high. Its 24-hour trading volume has surged to nearly $25 billion, with a total market capitalization

of $187.485 billion, surpassing USDT and ranking third globally among cryptocurrencies. Technical analysis indicates that XRP has broken past key resistance levels, with bulls firmly in control. In a favorable macroeconomic environment, XRP is expected to challenge the $5 target in the near term. Global search trends and whale activity boost XRP CONFIDENCE XRP's global search popularity has surpassed Bitcoin on Google, reflecting heightened market interest. This suggests investors may be shifting capital from Bitcoin to XRP, further fueling optimism. Data from analytics firm Santiment shows a continuous increase in

whale interest in XRP. Since November 12, addresses holding 1 to 10 million XRP have added 1.4 billion tokens, worth over $3.8 billion. Even during price consolidations following early 2024 highs, whales maintained their accumulation behavior signaling that XRP's appeal to institutional and large-scale investors is steadily increasing. XRP's strong performance is not only attributed to positive legal developments but also its expanding ecosystem. The potential approval of an XRP spot ETF is a core driver of market optimism. According to a JP Morgan report, an approved ETF could attract $4 billion to $8 billion in net new assets. BYDFI Exchange The top platform for XRP INVESTTORSA's XRP continues its upward trajectory. BYDFI stands out as the preferred platform for

investors, thanks to its cutting-edge technology and strong user foundation. Comprehensive Trading Options BYDFI offers spot trading, perpetual contracts, and leveraged tokens, providing a flexible trading environment for users. Low fees and efficient matching system. Investors highly praise BYDFI for its competitive fees and high-speed matching system. Trusted and reliable. On social media and in professional communities, investors generally view BYDFI as a stable, secure, and efficient trading service, making it the ideal choice for XRP investment. Michael, co-founder of BYDFI, stated,

Greater than, in the fast-evolving global crypto market, we remain committed to greater than user-centric innovation. With low fees, high liquidity, innovative trading greater than features, adherence to global compliance standards, and multi-layered security greater than measures, BYDFI provides a world-class trading experience, helping users seize greater than market opportunities. Greater than greater than, currently, BYDFI is offering a special welcome bonus of up to 8,100 USDT for new users. Visit the official BYDFI website or download the app for more details. About BYDFI Founded in 2020, BYDFI is ranked among Forbes' top 10 global crypto exchange

SAN trusted by over 1 million of users worldwide. The platform supports over 600 cryptocurrencies for spot trading and offers perpetual contracts with leverage ranging from 1x to 200x, meeting diverse user needs. Strategic partnerships with leading payment providers like Banksa, Transac, and Mercurio simplify the crypto purchasing process, ensuring low-cost transactions. colon slash slash www.bydfi.com, customer support, cs at bytefi.com, business inquiries, bd at bytefi.com, media contact, media at bytefi.com, social media, twitter, linkedin, facebook, telegram, youtube. contact senior marketing director chloe bydfi fintech ltd chloe at bytefi.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging

program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.