Ripple Case In Final Stretch? Crypto Daily TV 26/5/2023

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=xtVrLeEu5sk

Sam Altman’s Worldcoin secures $115m

Crypto project Worldcoin, co-founded by OpenAI’s CEO Sam Altman, has reportedly raised $115 million in a Series C round led by Blockchain Capital. Funds will be used to support its decentralized World ID and the recently released crypto wallet World App. 

Stablecoin market shrinks for the 14th consecutive month

The stablecoin market is on track to shrink for the 14th consecutive month, a sign of capital draining from the digital asset space, and a troubling trend for the recovery of cryptocurrency prices.

Ripple case could be in final stretch

Ripple chief Brad Garlinghouse is confident that SEC court battle is coming to a close in a matter of weeks. The XRP price is back below $0.45 as it continues to oscillate around this level. 

BTC/USD gained 0.5% in the last session.

Bitcoin rose 0.5% against the Dollar in the last trading session. The Williams indicator is giving a positive signal. Support is at 25419.3333 and resistance is at 27705.3333.

The Williams indicator is giving a positive signal.

ETH/USD rose 0.4% in the last session.

Ethereum rose 0.4% against the Dollar in the last trading session. The Williams indicator is giving a positive signal. Support is at 1739.8533 and resistance is at 1883.5933.

The Williams indicator is currently in the positive zone.

XRP/USD saw a minor dip of 0.1% in the last session.

The Ripple-Dollar pair made a minor downwards correction in the last session, dropping 0.1%. The MACD is giving a positive signal. Support is at 0.4356 and resistance is at 0.4737.

The MACD is giving a positive signal.

LTC dropped 0.6% against USD in the last session.

The last session saw the Litecoin fall 0.6% against the Dollar. The ROC is giving a negative signal. Support is at 80.5433 and resistance is at 94.5033.

The ROC is currently in the negative zone.

Daily Economic Calendar:

AU Retail Sales

Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. Australia’s Retail Sales will be released at 01:30 GMT, Italy’s Business Confidence at 08:00 GMT, and French Consumer Confidence at 06:45 GMT.

IT Business Confidence

Business Confidence is a survey of the current business conditions. It indicates the short-term performance of the overall economy.

FR Consumer Confidence

Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity.

UK Retail Sales

Retail Sales measure the total receipts of retail stores. Monthly percent changes reflect the rate of change of such sales. The UK’s Retail Sales will be released at 06:00 GMT, the UK’s CFTC GBP NC Net Positions at 20:30 GMT, and Japan’s Leading Economic Index at 05:00 GMT.

UK CFTC GBP NC Net Positions

The weekly Commitments of Traders (COT) report provides information on the size and the direction of the positions taken. The report focuses on speculative positions.

JP Leading Economic Index

The Leading Economic Index is an economic indicator comprising 12 indices such as account inventory ratios, machinery orders, stock prices, and other leading economic indicators.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.