Ripple (XRP) has made a bold move to file a cross-appeal against the US SEC in its ongoing regulatory legal tussle. In the middle of this legal battle, DTX Exchange (DTX) has set the release timeline for its Phoenix Wallet.
The wallet will allow users to hold multiple assets from cryptocurrencies, commodities, ETFs, bonds, etc. Meanwhile, Bitcoin Cash (BCH) is trading in a narrow range after a long period. Crypto enthusiasts are wondering if it can reach $500 soon.
Ripple (XRP) Files Cross-Appeal Against US SEC
Ripple’s (XRP) Chief Legal Office, Stuart Alderoty, revealed on X that the company filed a Form C on October 25. According to Ripple (XRP), each of the points of appeal is to be reviewed under the “de novo” standard of review, which means that the court should review its prior decision based on the application of the law.
This Form C filing comes following the SEC’s prior Form C filing of October 18. Currently, the Ripple coin is bearish across the weekly, biweekly, and monthly timeframes on CoinMarketCap. The altcoin price has been on a downtrend since the securities regulator submitted its cross-appeal. However, Ripple’s Hull Moving Average (9) is flashing a bullish signal.
If more buyers return to the mark, we could see the Ripple price soar past the resistances at $0.541405 and $0.559037. A top analyst, Dark Defender, says the value of the Ripple crypto could pump to $0.66 soon.
Bitcoin Cash (BCH) Could Hit $530, Says PerpTrading
Bitcoin Cash (BCH) has been consolidating between $300 and $380 in the past month. It has a profit of 6.8% on the biweekly chart but is down on the weekly and monthly timeframes on CoinMarketCap.
While some experts believe this consolidation could lead to a price surge in the future, others, like SkinnyMoonHuntr, say that the Bitcoin Cash price might be preparing for a price drop. PerpTrading forecasts that the value of the Bitcoin Cash crypto could pump to $530 in the coming weeks. In the meantime, the sentiment around cryptocurrency is mixed.
Although some indicators are bearish, others, like the Hull Moving Average (9), are showing a buy signal, which is a bullish sign. Based on this positive momentum, we could see the value of the Bitcoin Cash token rising to the first resistance at $402.18.
DTX Exchange (DTX) To Introduce Phoenix Wallet in the Next 7 Days
DTX Exchange (DTX) is preparing for the launch of its own DTX Wallet called Phoenix Wallet. This new addition will expand the ecosystem by providing safe, built-in storage for various assets and could be an added advantage to the users. Also, the Phoenix Wallet might enhance the efficiency of DTX Exchange, being a one-stop solution for traders with different assets like EFTs, cryptocurrencies, indices, bonds, etc.
The uniqueness of DTX Exchange lies in the fact that it is a hybrid exchange between centralized (CEX) and decentralized exchanges (DEX). This approach gives the traders speed and low cost of transactions. Furthermore, DTX Exchange’s unique trading system is not limited to crypto; it offers its users a chance to trade stocks, options, indices, and ETFs. This connection to the $714.7 trillion OTC derivatives market gives DTX more room for growth than exchanges.
This single environment means that traders are able to trade a number of assets without having many accounts on different platforms. Currently featured on CoinMarketCap, DTX Exchange is currently in the fourth stage of its presale and is priced at $0.08. Analysts forecast this value could soar by 5x before the year ends.
Conclusion
Ripple’s (XRP) latest filing could be a game changer in its ongoing battle against the US SEC. Also, DTX Exchange’s upcoming wallet makes it one of the top DeFi projects to watch out for in the coming weeks. Meanwhile, Bitcoin Cash (BCH) could have a tough time rising to $500 in the future based on its mixed technical indicators.
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