Ripple (XRP / USD) and Cardano (ADA / USD) Daily Outlook


  • Popular Ripple v SEC case set to be resolved around April of this year
  • The SEC sued John M FIFE and five entities he controlled in September 2020, for selling $ 21 billion in penny stocks and making $ 61 billion in profit, without registering as a securities broker.
  • SundaeSwap announced its decision to build a DEX on Cardano because it is faster and cheaper than alternative smart contract platforms

Ripple (XRP / USD) Daily Outlook

the XRP / USD The pair closed at $ 0.75314, after peaking at $ 0.7665, before turning green after declining for two consecutive sessions.

The market downturn pushed XRP / USD lower after the United States Securities and Exchange Commission launched a surprise attack on the Ripple case by filing an additional letter of authorization to strike the fair notice defense of Ripple.

The popular Ripple v SEC case is expected to be resolved around April of this year. However, the SEC made a new move that left many wondering if previous expectations might change. For example, the regulator used a winning decision from another case to attack Ripple’s key argument. The SEC sued John M FIFE and five entities he controlled in court in September 2020, for selling $ 21 billion in penny stocks and making $ 61 billion in profit, without registering as as a stockbroker. FIFE’s defense adopted a strategy similar to Ripple’s, alleging that the SEC had not given them a fair warning and that the term “reseller” can be widely interpreted. Last month, the court rejected this argument.

In Ripple v SEC Case, Ripple’s Fair Notice Defense Alleges the SEC Failed to Inform them of a Possible Breach of Federal Securities Laws and Claimed the Term “Investment Contract” was Used improperly by the SEC, adding that the SEC theory that XRP was a flawed investment contract in terms of fact, law and fairness. Now that the SEC has referred to the latest outcome of the FIFE case, Ripple’s expectations of winning the case have faded, weighing on the XRP / USD.

Cardano (ADA / USD) Daily Outlook

The ADA / USD closed at 1.1692, after hitting a high of $ 1.2050 and a low of $ 1.1480. The ADA / USD fell for the third session in a row on Sunday, amid the prevailing negative sentiment in the market. The drop in ADA / USD was prompted by the recent announcement made by SundaeSwap Labs on Friday. SundaeSwap calls itself the smoothest decentralized exchange on Cardano, and it has briefed its community on some of the expected operational constraints and limitations that blockchain and DEX will present on opening day and in the first few weeks after launch. .

Sundaewap says they decided to build a DEX on Cardano because it’s faster and cheaper than other smart contract platforms. It is also managed by a non-profit foundation and regularly collaborates with renowned academic institutions. According to SundaeSwap, Cardano is more advanced and a better option for future projects to build on.

Meanwhile, the entire crypto market is facing pressure from the falling prices of major cryptocurrencies, including BTC and ETH. The ADA / USD also followed the negative market mood and over the weekend it fell further, to its lowest level since July 2021. Cardano has been declining since September 2021, meaning the ADA / USD value has been steadily declining. for the previous five months. Since the Alonzo update went live in September 2021, the Cardano ecosystem has been under pressure.


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