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After WazirX’s $230 million hack and move to Singapore, an Indian investor petitioned the Madras High Court to protect her frozen XRP holdings.
The court ruled in her favor, declaring crypto a property and affirming India’s jurisdiction over domestic transactions.
This landmark decision empowers Indian investors to seek legal remedies for lost or frozen digital assets.
XRP Price Prevents Breakdown
The price of XRP bounced last week, creating a bullish engulfing candlestick (green icon).
It prevented a breakdown from a long-term ascending parallel channel (green icon), which has existed since the start of the year.
The bearish divergence in the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) already makes a breakdown the most likely future outlook.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
