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Ripple News
Crypto-News-Flash
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XRP Consolidates in Range as Traders Eye Potential Bullish Breakout
- XRP is consolidating within a narrow range, indicating potential for a bullish breakout soon.
- Rising Open Interest and Ripple’s expansion in Asia signal increasing momentum for XRP’s future growth.
- XRP is currently trading between $0.535 and $0.605 in a range-bound phase.
- Ripple's acquisition of a payment license in Singapore boosts XRP's acceptance in Asia.
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Crypto-News-Flash
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Ripple Expands as Taiwan Prepares Crypto Custody Trials in 2025
- Taiwan plans to allow banks to test digital asset custody services, starting in early 2025.
- Ripple strengthens its presence in Asia with a major payment license from Singapore's financial regulator.
- The move marks a pivotal turning point in Taiwan's efforts to include digital assets in its financial system.
- The trial will help establish Taiwan as a major hub for digital assets, with Ripple playing a crucial role.
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Bitcoinik
4w
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Ripple & Paradigm CEOs Supporting Cumberland Amid SEC Lawsuit Led by Gary Gensler, Highlighting Ongoing Crypto Regulatory Challenges
- The SEC has filed a lawsuit against Cumberland, accusing it of operating as an unregistered securities dealer in the crypto market since 2018.
- Cumberland DRW acquired a registered broker-dealer in 2019 to comply with SEC requirements but was informed that it could only trade Bitcoin and Ethereum.
- Paradigm CEO suggests that SEC chairman Gary Gensler is undermining the cryptocurrency market for the benefit of other financial markets.
- Ripple CEO criticizes the SEC's unfair regulatory approach to crypto, referencing comments from SEC commissioner Mark Uyeda.
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Zycrypto
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XRP Price Goes From $3 to $200? — Analyst Calls 7-Year Bullish Pennant Setup “Too Perfect” for Massive Breakout
- Ripple's XRP is experiencing a consolidation phase, trading around $0.53 with reduced volatility.
- Analysts are observing XRP's tightening range and anticipate a significant breakout.
- Renowned analysts suggest that XRP's technical setup indicates a major rally, with potential targets ranging from $20 to $200.
- The optimism around XRP's price surge coincides with Ripple's ongoing legal battle with the SEC.
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TheNewsCrypto
4w
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Ripple On-Chain Data Suggest Extended Rally Potential For XRP
- XRP price surges with 50% increase in trading volume following Ripple’s cross-appeal announcement.
- On-chain data suggests potential for extended rally.
- Price targets: potential rise to $0.74 if bullish trend continues, or drop to $0.46 if bearish.
- XRP's derivatives market sees a significant uptick, with growing optimism among traders regarding XRP’s prospects, as indicated by increased futures and options trading volume.
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Bitcoinsensus
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Bitnomial Sues SEC in Case Involving Ripple
- Bitnomial has filed a lawsuit against the SEC regarding the listing of XRP Futures.
- Bitnomial argues that compliance is impossible since XRP is not registered as a security.
- This is the second lawsuit against the SEC this week, with Crypto.com also taking legal action.
- Despite the legal battles, XRP's price has stabilized with a modest increase.
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Crypto-News-Flash
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26
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Binance and Bybit Dominate XRP Volume as Open Interest Rises
- XRP open interest rises 3.71%, reaching $713.87M, reflecting growing trader interest in major exchanges.
- Binance leads XRP trading volume with $526.32M, followed closely by Bybit with $307.31M.
- XRP sees a rising trade volume of $1.37 billion, with Binance dominating and Bybit closely trailing.
- XRP trading around $0.5353, up 1.35% over the last 24 hours, indicating growing market momentum and investor interest.
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Crypto-News-Flash
4w
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SEC Reaffirms XRP as a Security in New Legal Twist, Defying Previous Court Ruling
- The SEC has moved to restrict Bitnomial from issuing futures contracts for XRP, alleging it's a security.
- This comes despite a previous court ruling stating that XRP is not a security and the SEC's commitment not to appeal the ruling.
- Bitnomial, a crypto derivatives exchange, filed a lawsuit after the SEC claimed that the XRP futures contract would violate securities laws.
- Bitnomial argues against the SEC's view and states that it can't comply with the legal requirements set by the SEC.
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18 Likes
Crypto-News-Flash
4w
62
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Ex-Ripple Executive Highlights XRP’s Superiority Over Bitcoin
- XRP is more scalable than Bitcoin, processing thousands of transactions per second, while Bitcoin handles only a few.
- XRP transactions are significantly cheaper, costing a fraction of what Bitcoin transactions require.
- According to ex-Ripple executive Matt Hamilton, XRP has advantages over Bitcoin in terms of scalability and cost.
- Hamilton highlights that XRP's high throughput and low transaction costs make it a better fit for mass adoption and financial systems.
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3 Likes
TronWeekly
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Ripple’s Custody Platform Upgraded: New Tools for Fintech and Crypto Firms
- Ripple has upgraded its Custody platform with new tools for fintech and crypto firms.
- The upgrades include security, compliance, and tokenization features.
- Ripple Custody supports XRP Ledger tokenization and has experienced 250% customer growth.
- The platform aims to provide secure and compliant digital asset management for institutional clients.
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6 Likes
TronWeekly
4w
335
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XRP Drama Continues As Ripple Strikes Back With Cross Appeal
- Ripple has filed a cross-appeal against the SEC's ruling in the lawsuit.
- Ripple is challenging the SEC's interpretation of securities law regarding XRP.
- The outcome of the appeal could have significant implications for cryptocurrency regulation.
- XRP is displaying strong signs of an imminent price explosion.
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20 Likes
Crypto-News-Flash
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UN Endorses Ripple and Stellar as Cornerstones of New Global Payments Network
- The United Nations Capital Development Fund has endorsed Ripple and Stellar for a new global payments network.
- Stellar continues its mission of financial inclusion by providing low-cost solutions for underserved regions.
- Both Ripple and Stellar are recognized for their ability to process cross-border transactions.
- Ripple partners with Mercado Bitcoin to create a cross-border payment system, while Stellar aims to connect cryptocurrencies with conventional banking systems.
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11 Likes
Newsbtc
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XRP Price Teases Fresh Gains: Is a Strong Move Ahead?
- XRP price is slowly moving higher above the $0.5320 support.
- There is a connecting bullish trend line forming with support at $0.5280.
- The price could gain bullish momentum if it clears the $0.5360 and $0.5450 resistance levels.
- Initial support on the downside is near the $0.5285 level.
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Cryptonews
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Ripple Launches ‘Bank-Grade’ Crypto Custody, Targeting $16 Trillion Tokenisation Market
- Ripple has launched Ripple Custody, a secure platform for storing and transferring tokenised assets.
- New features include hardware security module options, transaction screening, and RWA tokenisation on the XRP Ledger.
- Ripple aims to position itself as a key player in the $16 trillion crypto custody market.
- Additional compliance services and features will be rolled out in the coming years.
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15 Likes
Cryptonews
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Ripple Files Cross-Appeal in SEC Case to Preserve Arguments Over XRP Sales
- Ripple has filed a cross-appeal in the ongoing SEC case to preserve arguments over XRP sales.
- The SEC is appealing previous court rulings and seeking a larger fine, while Ripple is cross-appealing to seek regulatory clarity.
- The legal battle between Ripple and the SEC has been ongoing for four years.
- The appeals are not expected to be heard until 2025 at the earliest.
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