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Ripple News
Crypto-News-Flash
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Ripple Community Petitions SEC to Halt Appeal—Is XRP Set for a Breakout?
- Ripple community members have filed a Change.org petition against the US SEC.
- The petition expresses frustration with the SEC's decision to appeal the earlier ruling in the case with Ripple Labs.
- The XRP community argues that the appeal is detrimental to the digital asset market and defies the SEC's goals of investor protection and fair markets.
- The petition has gained over 8,000 signatures so far, with supporters urging an end to the SEC's appeal.
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Cryptonews
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Kaiko Says Chances for XRP ETF ‘Very Slim’ Highlights Regulatory Hurdles
- The price of XRP dropped nearly 20% following the SEC's decision to appeal against Ripple.
- The SEC's concerns about market manipulation make the chances of approving an XRP ETF slim.
- Private placements offer a less regulated option for crypto investments, bypassing public market rules.
- The lack of a futures market for XRP may limit its chances of obtaining ETF approval.
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Newsbtc
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XRP Price Struggle Continues: Can Bulls Turn It Around?
- XRP price is struggling to rise above the $0.550 level.
- The price must clear the $0.5450 and $0.5500 resistance levels to start a decent increase.
- XRP price is still consolidating above the $0.5080 support.
- There was a break above a key bearish trend line with resistance at $0.5380 on the hourly chart of the XRP/USD pair.
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TronWeekly
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XRP Faces Potential Bearish Breakout Amid Market Volatility And Resistance
- XRP may see a brief rally to $0.55, but failure to break $0.5778 could lead to a drop between $0.50 and $0.48.
- Technical analysis suggests XRP’s current upward trend might soon reverse, with a possible bearish breakdown ahead.
- Despite short-term gains, XRP has dropped 12.52% in the last week, highlighting ongoing market volatility.
- XRP is currently in a crucial phase, with recent market analysis indicating that the cryptocurrency is in for some choppy trading over the coming days.
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Zycrypto
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Ripple’s Brad Garlinghouse Observes Rising Institutional Demand for XRP As ETF Momentum Skyrockets
- Altcoin-based ETFs are gaining popularity in the cryptocurrency market.
- Ripple CEO, Brad Garlinghouse, optimistic about rising institutional demand for XRP with the approval of Bitcoin and Ethereum ETFs.
- Bitwise Asset Management files for a Bitwise XRP Exchange Traded Product (ETP), signaling further adoption of XRP into traditional finance.
- Potential long-term bullish rally for XRP expected from institutional adoption and integration into the crypto market.
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Cryptonewsz
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Ripple Analyst Says XRP Will Not Miss This Bull Run
- A Ripple analyst strongly dismisses fear, uncertainty, and doubt (FUD) surrounding XRP.
- XRP's current price remains higher than in September despite recent fluctuations.
- The analyst attributes recent downward pressure to external factors such as news about Bitwise ETF and ongoing legal appeals.
- The analyst believes that XRP will not miss the upcoming bull run.
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TheNewsCrypto
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Ripple (XRP) Rebounds From $0.5 But Struggles To Break Beyond Current Range
- XRP rebounds from $0.5 but struggles to break beyond current range.
- Ripple vs SEC lawsuit settlement discussions impact price volatility.
- Technical indicators suggest potential for bullish reversal despite recent pullback.
- XRP needs to reestablish bullish momentum and reclaim key support levels.
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Crypto-News-Flash
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Central Bank of Russia Chooses XRP: A Game-Changer for Cross-Border Payments?
- Russia is set to launch its central bank digital currency, known as the digital ruble, in 2025.
- The Bank of Russia has been researching and developing the digital ruble for nearly three years, with plans to roll it out to the masses next year.
- XRP was considered as one of the platforms for the digital ruble, as revealed in a document published by the Bank of Russia in 2020.
- For XRP, the digital ruble could work in its favor, allowing it to play a role in cross-border payments.
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Cryptonewsz
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Ripple and SEC could reach a verdict during the 14-day appeal period
- The SEC has filed an appeal against Judge Torres' decision in the Ripple case.
- There is confusion surrounding the appeal, with speculations of a possible settlement within the 14-day window.
- Former SEC lawyer Marc Fagel states that there is no solid basis for a settlement in this case.
- Ripple CEO Brad Garlinghouse considers the SEC's appeal misguided and reaffirms XRP's status as a non-security.
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Cryptonewsz
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Report: No authority in the world can freeze XRP
- No single government entity in the world can freeze Ripple’s XRP, which may explain the SEC's battle against the company.
- XRP is designed to be decentralized, and no centralized entity can freeze it.
- Unlike other coins that can be frozen and moved from global circulation, XRP cannot be frozen on the XRP ledger.
- The price of XRP has dropped recently after the SEC filed to appeal a court ruling that determined XRP is not a security for retail investors.
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Crypto-News-Flash
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XRP Analyst Predicts $10 Target by Late 2024: The Wait Payoff
- Analysts predict XRP could reach $10 by the end of 2024 based on long-term patterns.
- XRP's activity is increasing with high trading volume and options volume.
- Some analysts are optimistic about XRP's potential, while others express concerns about a hypothetical XRP ETF.
- Ripple expands into Brazil, partnering with Mercado Bitcoin for its first Latin American integration.
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Bitcoinist
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Bitcoin Supporter Takes Shots At XRP Price, It’s ‘Never Going To Happen’
- Max Keiser, a notable Bitcoin supporter, has expressed a negative outlook on the XRP price.
- Keiser believes that an XRP rally, which many community members are waiting for, will never happen.
- The XRP price is currently under pressure due to the SEC's appeal of the Ripple-SEC lawsuit.
- Despite the negative sentiment, some analysts believe that the XRP price chart indicates the possibility of an explosive rally.
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Cryptopotato
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Ripple Price Analysis: Is XRP Headed for a Drop to $0.5?
- Ripple's price has recently experienced a significant decline, failing to hold above the $0.6 resistance level and the 200-day moving average.
- The market has also failed to climb above the 200-day DMA, with the RSI below 50%, indicating bearish momentum.
- In the short term, a decline towards the $0.5 level is expected for the USDT pair.
- The XRP/BTC chart shows a similar pattern, with a potential downtrend towards the 600 SAT support zone if the 800 SAT level is broken.
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Newsbtc
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XRP Takes A 16% Hit In SEC Lawsuit Drama, But Analysts See Hope
- XRP, the native coin of Ripple, has lost about 16% of its value in October 2024 due to the US SEC's appeal in its ongoing lawsuit against Ripple.
- Analysts remain mixed with skepticism but are optimistic about recovery and see potential for a rebound in XRP's price.
- Whale activities have been observed with significant XRP transfers to exchanges, which has sparked interest among traders.
- XRP's future heavily depends on the outcome of the legal battle with the SEC, with potential consequences ranging from further losses to a sharp decrease in price.
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Crypto-News-Flash
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XRP News: Will Ripple and SEC Settle During 14-Day Appeal Period?
- Speculation arises regarding a possible settlement between Ripple and the SEC during the 14-day appeal period.
- A former SEC lawyer believes that the SEC's appeal is not motivated by increasing the $125 million penalty.
- Ripple's Chief Legal Officer accuses the SEC of staging litigation warfare against the crypto industry and considers filing a cross-appeal.
- Crypto analyst Amonyx predicts that XRP could reach $589 based on previous surges.
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