The rate of Ripple, silver and other stocks continues to increase in the market. However, many retail traders were unable to hold their positions in any of these instruments.
Nevertheless, such a market situation can not be ignored, so Treasury Secretary Janet Yellen announced that she will meet with representatives from SEC, Fed and CFTC on Thursday to discuss the sudden price increase brought by staggering maneuvers of retail traders.
Of course, where this meeting will lead and whether any decisions will be made is not determined yet. What is clear though is that regulators fear systemic risks, so they will discuss the role of hedge funds in the markets, as well as the threat of retail traders.
According to Chris Brankin, CEO of TD Ameritrade Asia, retail investors possess strong power in the markets.
“Similar events recur on a regular basis. But rest assured, regulators will strive to curb volatility and end market manipulation, “Brankin said.
But the cryptocurrency market is unlikely to be affected by regulatory measures. Does this mean that soon, restrictions will be imposed in the stock and commodity markets? We are not sure, but such a scenario could happen in the future.
In the meantime, Ripple is consolidating in a narrow range above 0.3512. 0.3914 will be easier to break than 0.3512. Therefore, the forecasted growth of XRP / USD to 0.4348 is still possible.
The material has been provided by InstaForex Company – www.instaforex.com
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