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Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he has zero interest in investing in anything with litigation from the U.S. Securities and Exchange Commission (SEC). “That is a very bad idea,” he said. Discussing the SEC lawsuit against Ripple over XRP, he emphasized: “I have no interest in being a crypto cowboy … I have to be compliant.”
Kevin O’Leary Says He Must Not Upset Regulators
Shark Tank star Kevin O’Leary, the chairman of O’shares ETF, talked about cryptocurrency, bitcoin, XRP, Ripple’s lawsuit, and crypto regulation in an interview with CNBC published Friday.
He explained that he prefers to consult with regulators regarding cryptocurrency in order to find out “what’s possible and what isn’t.”
Commenting on the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against Ripple over the sale of XRP, O’Leary stressed:
I have zero interest in investing in litigation against the SEC. That is a very bad idea.
The SEC sued Ripple, its CEO Brad Garlinghouse, and co-founder Chris Larsen over the sale of $1.3 billion worth of the XRP tokens, claiming that it was an unregistered securities offering. Ripple and its executives have argued that XRP is not a security.
Garlinghouse recently said that he expects the lawsuit to come to a conclusion next year, noting, “We are seeing pretty good progress.” Even the CEO of the Nasdaq-listed crypto exchange Coinbase, Brian Armstrong, believes that the lawsuit is going better than expected.

However, O’Leary said that he prefers to comply with regulators “because that’s where the real capital is.” He emphasized:
I have no interest in being a crypto cowboy and getting anybody unhappy with me because … I have so many assets in the real world that I’ve invested in already that I have to be compliant.
Mr. Wonderful is also not keen on meme cryptocurrencies. He said in July that he will not invest in the popular meme crypto dogecoin (DOGE), noting, “I don’t understand why anybody would.”
Nonetheless, cryptocurrency now accounts for about 10% of his portfolio. His crypto exposure exceeded his gold exposure for the first time in early October. In September, the Shark Tank star said he expect a trillion dollars more flowing into bitcoin.
What do you think about Kevin O’Leary’s comments? Let us know in the comments section below.



























Shark Tank star Kevin O&#x2019;Leary, aka Mr. Wonderful, says he has zero interest in investing in anything with litigation from the U.S. Securities and Exchange Commission (SEC). &#x201C;That is a very bad idea,&#x201D; he said. Discussing the SEC lawsuit against Ripple over XRP, he emphasized: ...

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Kevin O’Leary on SEC v Ripple Lawsuit Over XRP: ‘I Have Zero Interest in Investing in Litigation Against SEC’

Ripple price dropped below the $1.0 psychological level on November 26, unravelling a possible bearish forecast. The descending parallel channel chart pattern suggests that Ripple could see a 9% drop. To invalidate the pessimistic outlook, XRP would need to overcome the 200-day SMA resistance.
Ripple price fell below the $1.0 psychological level on November 26, paving the way for further losses. The bulls of the international remittances token are struggling to keep their heads above the water as overhead pressure mounts.
Ripple Price Could Drop To $0.8708
XRP price is trading at middle boundary of the descending parallel channel around $0.9545 as seen on the daily chart. A descending parallel channel is a significantly bearish chart pattern that suggests a continued bearish leg as long as the price of an asset remains within the confines of the falling channel.
For XRP, the descending channel chart pattern points to a 9% downswing from the current price to tag the lower boundary of the channel at $0.8708.
The down-sloping moving averages and the position of the Relative Strength Index (RSI) indicator at 36.06 close to the oversold region suggest that Ripple is firmly in the hands of the bears, accentuating this bearish outlook.
XRP/USD Daily Chart
 Live Chart  

On the upside, the bearish thesis could be invalidated if XRP price overcomes the immediate resistance at $0.9753 embraced by the 200-day Simple Moving Average (SMA). If this happens, Ripple price may potentially unto the losses that began on November 08 by breaking out above the upper boundary of the prevailing chart pattern at $1.0513.
However, any movement further could be inhibited by stiff resistance from $1.1056 and $1.1157 where the 100- and 50-day SMAs lie respectively.
Ripple bulls would need support from the wider market to overcome these hurdles which may see the XRP price pushed higher towards the peak of the descending parallel channel at $1.3542.
The post Ripple Price Prediction: Bears Contemplate A 9% Decline As XRP Drops Below $1 appeared first on Coingape.


Ripple price dropped below the $1.0 psychological level on November 26, unravelling a possible bearish forecast. The descending parallel channel chart pattern suggests that Ripple could see a 9% drop. To invalidate the pessimistic outlook, XRP would need to overcome the 200-day SMA resistance. Ri...

coingape.com

Ripple Price Prediction: Bears Contemplate A 9% Decline As XRP Drops Below $1

Ripple price forms a descending triangle technical chart pattern ahead of a potential downturn to $0.90. Even as the Ripple vs. SEC drags on, CEO Garlinghouse is confident that the case will reach a conclusion in 2022.
Ripple price continues to drag with no significant price movements in either direction. XRP has been trading between $0.88 and $1.40 since mid-August which has seen many refer to it as a ‘stablecoin.’
The uneventful Ripple price action has been largely attributed to the SEC vs. Ripple case which has dragged on for more than a year now, with no settlement expected in the near future.
XRP vs. SEC: Ripple Making Great Strides
The Ripple Labs CEO Brad Garlinghouse is confident that the fintech company is making great strides in its legal feud with the U.S. Securities and Exchange Commission (SEC), CNBC reports.
Garlinghouse said he expected the case, which revolved around XRP, the world’s seventh-largest crypto by market value according to Coingecko, has broader implications for the entire crypto market.
“We’re seeing pretty good progress despite a slow-moving judicial process. Clearly we’re seeing good questions asked by the judge. And I think the judge realizes this is not just about Ripple, this will have broader implications”, Said Garlinghouse.
Garlinghouse said he was hopeful the case will reach a conclusion next year.
Ripple Price Chart Pattern Spells Doom
As predicted earlier, Ripple price dropped from $1.1851 to the current price around $1.0339 after forming a descending triangle on the two-hour chart.
The same scenario is likely to play out again as XRP price has formed a descending triangle chart pattern again but on the four-hour chart.
This means that a breakout below the triangle could see Ripple could drop 11.42% to tag the target of the prevailing chart pattern around $0.900 as shown on the four-hour chart. This represent a 13% drop from the current price.
The bearish outlook is accentuated by the down-sloping Relative Strength Index (RSI) indicator and its position around 42.32 suggest that the bears are currently stronger than the bulls.
XRP/USD Four-Hour Chart
 Live Chart  

On the upside, the Moving Average Convergence Divergence (MACD) indicator has just presented a buy signal in the same timeframe. This occurred when the 12 Exponential Moving Average (EMA) crossed below the 26 EMA in during the American trading sessions on Wednesday. This call to buy XRP revealed that overhead pressure was in the process of fading, a situation that would allow XRP to rise above water and sail into recovery.
Therefore, a closure above the 50 Simple Moving Average around $1.06 could confirm a bullish breakout as the November 17 range high at $1.16 becomes a possibility.
The post Ripple Price Prediction: XRP Nurtures A 13% Drop To $0.900 appeared first on Coingape.


Ripple price forms a descending triangle technical chart pattern ahead of a potential downturn to $0.90. Even as the Ripple vs. SEC drags on, CEO Garlinghouse is confident that the case will reach a conclusion in 2022. Ripple price continues to drag with no significant price movements in either d...

Ripple Price Prediction: XRP Nurtures A 13% Drop To $0.900

The latest update in the ongoing social media battle fought by the XRP community, regarding the XRP lawsuit, recently saw the community unite to criticize the SEC for an emailed reply from the commission that has been leaked on Twitter. According to the screenshot of the email, the SEC claims that they never made any public comments about Ether’s status, despite having Hinman’s 2018 speech still available on the commission’s website. Furthermore, they elaborated on their judgment process of determining whether or not a cryptocurrency is a security.
“Please be advised, that the SEC has not made any public statements regarding the status of Ethereum. Additionally, please note that the determination on whether a cryptocurrency is considered a security depends on the characteristics and use of the cryptocurrency. Moreover, cryptocurrency exchanges are not regulated securities exchanges.”, the SEC wrote in a mail replying to the most controversial question in the case, “Is the coin “Ethereum” a security?”
Is the SEC bias towards ETH over XRP?
According to CoinGape’s recent reportage, the stark similarities in the operations of both XRP and ETH have been more than evident to the community along with the commission. However, the SEC continues to only attack the XRP with extensively expensive and long-term lawsuits on the issue of being unregistered security. SEC Chief Grundfest commented on this matter even before the lawsuit was filed, objecting to the SEC’s stance he said, “imposing security law obligations on XRP while leaving ETH untouched raises fundamental fairness questions about the exercise of commission discretion”. 
The SEC itself made its arguments rather suspicious when it started rigorously fighting in favor of the DPP dispute, further trying to keep the evidence redacted or under seal. This evidence included the two documents related to the SEC’s meetings with law firms, along the email trail concerning discussions with a third party who received guidance from the SEC to analyze its digital asset under the framework set forth in Hinman’s June 14, 2018, speech. It is not unlikely that the SEC knowingly let ETH trade freely in the market while hitting Ripple with a lawsuit, levying its sale of XRP as unregistered securities.
The post XRP Lawsuit: SEC Denial of Former Comments on Ether is Not Sitting Well with XRP Community appeared first on Coingape.


The latest update in the ongoing social media battle fought by the XRP community, regarding the XRP lawsuit, recently saw the community unite to criticize the SEC for an emailed reply from the commission that has been leaked on Twitter. According to the screenshot of the email, the SEC claims tha...

XRP Lawsuit: SEC Denial of Former Comments on Ether is Not Sitting Well with XRP Community

Ripple has announced its exclusive partnership with the Island nation, the Republic of Palau to explore the country’s first national digital currency and its use cases facilitated on the XRP Ledger (XRPL). According to Ripple, with the focus on developing strategies for cross-border payments and a USD-backed digital currency for Palau, the country may be the first to implement a government-backed national stablecoin, by the former half of 2022. Furthermore, amid the process of exploring a USD-backed stablecoin and associated use cases like a corporate registry on XRPL, Ripple hopes to source a substitute to CBDCs for nations like Palau.

We’re excited to announce our partnership with the Republic of Palau to explore the country’s first national digital currency using the #XRPL. https://t.co/8PrMQtqZYi
— Ripple (@Ripple) November 23, 2021

“As part of our commitment to lead in financial innovation and technologies, we are delighted to partner with Ripple…The first phase of the partnership will focus on a cross-border payments strategy and exploring options to create a national digital currency, providing the citizens of Palau with greater financial access.”, said President Surangel Whipps Jr.
While the addition of technologies like blockchain does make any country, a financially proficient choice, but the Republic of Palau also has concerns surrounding the unsustainable nature of blockchain. Ripple noted that XRPL is carbon-neutral and 120,000x more energy-efficient as compared to proof-of-work blockchains, further escalating the financial growth of Palau, with costing the environment.
“We are excited to be working with Palau to achieve its financial and climate-related goals…We have a wonderful opportunity to bring together our technology and experience with the unique characteristics of Palau to make a real economic and social impact for the country.” said James Wallis, VP of Central Bank Engagements at Ripple.
Why is Ripple Expanding Business Outside the US?
Ripple already had the majority of its business outside the US, however, now the company is extensively expanding in other nations given the speculations about the final verdict being against Ripple in the ongoing XRP lawsuit.  According to recent updates, the case seems to be slipping away from Ripple and heading towards a settlement in the SEC’s favor. Especially, since the court granted SEC’s motion to compel the discovery of Ripple’s internal meeting recordings earlier this month.
The post Ripple set to help this country in developing their Sovereign digital currency appeared first on Coingape.


Ripple has announced its exclusive partnership with the Island nation, the Republic of Palau to explore the country’s first national digital currency and its use cases facilitated on the XRP Ledger (XRPL). According to Ripple, with the focus on developing strategies for cross-border payments and ...

XRP price	$0.997055
Low - High 24H	$0.96276 - $1.01
Market cap	$46.93B
Volume 24H	$3.28B
All time high	$3.40 -70.72% January 7th 2018
All time low	$0.002686 36949.78% May 22nd 2014
Genesis date	N/A

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