Ripple XRP price had been trading below the $0.30 mark since the 6th of November 2019 to the $0.28 mark until the 10th of November. XRP price has failed to recover above the $0.25 mark since the 25th of November.
The bearish kept rolling Ripple XRP price down until the $0.17 mark on the 19th of December and the monthly low of $0.182 mark on the 2nd of January 2020. XRP followed the bearish trend until the 6th of January when a breakthrough finally pushed the price above the $0.22 mark.
The monthly high came on the 19th of January 2020 when the price hit the $0.249 mark. While Bitcoin retail investments have also increased considerably, pushing the overall market.
At the time of writing, Ripple XRP price stands at the $0.249 mark after recovering from a short bearish downtrend that started on the 23rd of January, pulling the price down towards a $0.21 mark.
Recent recovery has brought XRP back towards the $0.24 mark; however, head and shoulder pattern on the 24-hours chart shows uncertainty in the price movement.
Ripple XRP price movement: What to expect?
The third-largest cryptocurrency by market capitalization stands at a market cap of 10.161 billion United States dollars while the trading volume of over 1.758 billion United States dollars has been recorded in the past 24-hours.
Ripple XRP price entered an aggressive bullish trend in the past 24-hours pushing the price from the daily low of $0.226 to the high $0.235. The high came right after the head and shoulder pattern, while the current support levels lie at $0.224.
The relative strength index (RSI) shows stands between the 87.36 and 86.60 points while, on the other hand, the moving average convergence/divergence MACD stands at the $0.232.
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Gemini Europe — the United Kingdom and EU affiliate of the Winklevoss twins’ United States-based crypto exchange Gemini — has appointed a new chief compliance and money laundering reporting officer.
As part of the firm’s expansion into the transatlantic market, the new appointee, Blair Halliday, will oversee Gemini Europe’s compliance program in the region.
A press release published on Jan. 28 revealed that Halliday will be based in London and report directly to Gemini’s managing director of the U.K. and Europe, the former Sterling Bank executive Julian Sawyer.
A career tackling financial crime
Halliday formerly served as chief compliance officer for crypto finance firm Circle across the Europe and the Middle East and Africa region, where he directed the firm’s global anti-money laundering compliance program.
Prior to this role, he served as executive director of financial crime and compliance at U.K. fintech CashFlows and as CCO at New York Stock Exchange owner International Currency Exchange.
Before his move into fintech and digital assets, Halliday worked at the Royal Bank of Scotland for 14 years in various roles focused on tackling financial crime.
Rules and “thoughtful regulation”
The Winklevoss’ approach to compliance has in the past drawn some criticism from the more libertarian fringe of the community, as with their “Crypto Needs Rules” ad campaign in 2019, which made a strong bid to remold crypto’s image with an emphasis on robust regulation and compliance-driven market practices.
At the time, a senior Gemini executive said the form believed crypto investors “deserve the exact same protections” and standards as those in traditional markets.
In the platform’s recent stage of European and U.K. expansion, Cameron Winklevoss has continued to emphasize this agenda, writing in a blog post in December 2019 that:
“The concept of thoughtful regulation itself was first developed out of the lessons learned in these [E.U. and U.K.] markets over centuries. Our ethos — to ask permission, not forgiveness — was a first in the crypto industry and both honors and continues to build on Europe and the UK’s tradition of thoughtful regulation.”