We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
本網站不向美國居民提供服務。
Market News XRP Eyes $0.55 on SEC v Ripple News and US Debt Ceiling News

XRP Eyes $0.55 on SEC v Ripple News and US Debt Ceiling News

Economic statistics and the US debt ceiling are the main topics of discussion on this hectic Thursday day for XRP. The SEC v. Ripple news, however, will continue to be the major topic.

TOP1Markets 分析師
2023-06-01
8400

微信截图_20230601102301.png


Wednesday saw a 0.91% decline in XRP. At the day's end, XRP was trading at $0.51683, partially reversing a Tuesday's gain of 5.48%. Significantly, XRP gained 9.58% in May while snapping a six-day winning streak.


XRP reached an early high of $0.52772 thanks to a strong start to the day. XRP dropped to a late afternoon low of $0.50112 after failing to pass through the First Major Resistance Level (R1) at $0.5370. XRP retested resistance at $0.52 before falling back to end the day at $0.51683, however it avoided the First Major Support Level (S1) at $0.4979.

Anxiety About the Debt Ceiling Vote and China PMIs Weighed

A calm session was held on Wednesday. There were no new developments in the SEC v. Ripple case that could give guidance. Investors in XRP were optimistic about the outcome of the SEC v. Ripple lawsuit due to the absence of updates, which led to early support.


However, news about the US debt ceiling and Chinese economic indices hurt XRP and the overall crypto market.


Riskier assets were pulled down by a further contraction in China's manufacturing sector, which was exacerbated by investor trepidation ahead of the House of Representatives vote on the US debt ceiling agreement.


As investors wait for the disclosure of the infamous William Hinman speech-related documents, the loss on Wednesday was nevertheless rather small.

The Coming Day

The Thursday session is really busy. The US debt ceiling vote and US economic statistics will have an impact. ADP nonfarm employment and first jobless claims data could test the idea ahead of the US Jobs Report after expectations on a Fed interest rate hike declined in June.


However, the result of the US debt ceiling vote would probably restrict the influence of Chinese and US economic statistics.


The SEC v. Ripple case updates should have more of an impact than the economic calendar and Washington developments.

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free