Ripple (XRP) had enough of its 19-month battle with the US SEC and announced plans to find support in the European Union.
Ripple (XRP)'s legal counsel revealed the majority of the company's operations now effectively sit outside of the United States due to its legal case.
Investors say this will be a new chapter of uncertainty for XRP. Many sought safety to the presale token The Hideaways (HDWY) for stability as the latter promises steady passive income from real estate in any macroeconomic condition.
Ripple (XRP)'s legal case dragged on its 2022 performance. The price is down 65% from where it was a year ago.
Despite getting backing from the world's biggest crypto platforms like Coinbase, the resolution for its 19-month battle with the US SEC has not reached finality.
To get things done quickly, Ripple (XRP)'s company lawyer revealed that the company prepares for its penetration in Europe. They are currently processing a license with Ireland's central bank that will allow it to legally migrate services to the European Union.
The price jumped 3.0% to $0.39 after the announcement, helping Ripple (XRP) to nurse losses from last week's FTX crash.
Looking at the bigger picture, we can see that overall sentiment is not in favor of the company's latest announcement.
Ripple (XRP)'s trading volume dropped to $83 million from $162 in the previous session, hinting there's a dent in investor enthusiasm. The Relative Strength Index supports this observation – unmoved at 44.98 in the 24-hour charts.
Many have found their safe space in the presale token The Hideaways (HDWY) which offers better long-term stability than XRP despite being a newcomer in the field.
Ripple (XRP) bulls currently target the $0.40 resistance and a denial of entry in this zone could open for the $0.31 support.
Ripple (XRP) investors switched to The Hideaways (HDWY) for good reasons.
The Hideaways (HDWY) is the first crypto-driven luxury property investment that offers investors an opportunity to make money out of real estate.
The project aims to remove the barriers to entry associated with traditional real estate investing, particularly the high capital requirement.
With this, The Hideaways (HDWY) offers fractionalized NFTs for as low as $100. These digital collectibles are backed by properties that entitle investors to receive a monthly rental income in the ETH, USDT, and USDC.
Compared to Ripple (XRP) that's only been giving us negative returns since the beginning of the year, The Hideaways (HDWY) is a better choice – it is projected to hit a 6,000% hike by the end of 2022.
HDWY is offered at $0.10, don't miss your chance:
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.