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Ripple News
Bitcoinist
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Image Credit: Bitcoinist
Trump Duped Into Endorsing XRP For Crypto Reserve: Here’s How
- President Donald Trump was duped into endorsing XRP, Solana, and Cardano for a Strategic Crypto Reserve, unaware that the move benefited Ripple Labs, a client of lobbyist Brian Ballard.
- The incident took place at Mar-a-Lago where a Ballard Partners staffer convinced Trump to post in support of specific digital assets on Truth Social, causing immediate backlash when it was discovered that Ripple was on Ballard's client list.
- Following Trump's XRP endorsement post, White House officials reacted with anger, freezing Ballard out of future meetings and reiterating support for Bitcoin and Ethereum as well.
- Ripple's prior ties to Trump, through donations and political contributions, raise questions about the motivation behind XRP's promotion, ultimately leading to the establishment of a federal Digital Asset Stockpile, contrasting the earlier suggested Crypto Strategic Reserve.
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99Bitcoins
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Why Is Crypto Up Today? XRP Price To Hit $5 Sooner Than Expected?
- XRP price has surged by 27% on the month, reaching $2.40, driven by legal resolution with the SEC and dollar weakness benefiting cryptocurrencies like XRP.
- Ripple settled with the SEC for $50 million, bringing clarity to its legal battles and contributing to the momentum driving XRP's price up.
- Technical analysis points to further upside for XRP, with indicators showing bullish signals and a potential breakout towards $3.40.
- While regulatory risks and operational challenges remain, XRP's use case and recent milestones contribute to the positive outlook for its price.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
XRP News: Ripple Reaches $50M Settlement with SEC—$75M Returned If Injunction Lifted
- Ripple reached a settlement with the SEC, reducing the penalty from $125 million to $50 million.
- A SEC Commissioner criticized the settlement, stating it undermines the court’s role in interpreting securities laws.
- The settlement marks the end of the legal battle between the SEC and Ripple over the sale of XRP without proper registration.
- XRP price surged by 6.7% following the news, with predictions suggesting a potential new all-time-high price of $27.
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Cryptopotato
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Image Credit: Cryptopotato
Ethereum’s (ETH) Price Explosion, Ripple’s (XRP) Next Targets, and More: Bits Recap May 9
- ETH surged by 23% in 24 hours to over $2,400, with bullish predictions ranging from $4K to $25K.
- XRP increased by 9% daily to $2.40 following optimism from the settlement between Ripple and the SEC, with expectations of surpassing $2.80 towards new all-time highs.
- PEPE experienced over 50% weekly growth, reaching its highest price since January, boosted by whale accumulation and a revitalized crypto market.
- This news indicates positive momentum in the cryptocurrency market, with Ethereum and Ripple showing strong performance and PEPE coin attracting significant attention with its recent surge.
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TheNewsCrypto
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Xpfinance Presale Poised To Sell Out As XRP Market Rebounds And DeFi Demand Surges
- As XRP stages a steady recovery above $2.20, Ripple grabs attention with various partnerships and acquisitions.
- Xpfinance, a non-custodial lending and borrowing protocol on XRPL, launches its limited-price $XPF presale with high expectations of oversubscription.
- Xpfinance aims to provide transparency and decentralization for XRP holders seeking yield opportunities.
- The $XPF token, capped at 200 million, offers utility features and is set for a fixed-price presale with expectations of strong demand.
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Coinjournal
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Image Credit: Coinjournal
XRP rallies as Bitcoin breaks out and Fed pauses; Bitcoin Pepe targets 300% surge
- XRP price is rising following Bitcoin’s breakout past $100K, with the SEC settlement boosting the outlook.
- Bitcoin Pepe combines Bitcoin’s security with Solana’s speed for meme trading.
- Bitcoin Pepe’s presale offers up to 300% gains for early participants.
- XRP and Bitcoin Pepe are benefiting from market developments, with XRP seeing significant price jumps and Bitcoin Pepe gaining momentum with its promise of high gains and innovative features.
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Cryptopotato
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Image Credit: Cryptopotato
Crypto Price Analysis May-09: ETH, XRP, ADA, SOL, and HYPE
- Ethereum experienced a notable 32% price increase, aiming for $3,000 with $2,400 as a key support level.
- Ripple saw a 6% price increase reaching $2.3, potentially targeting $3 in the future with the possibility of increased volatility.
- Cardano closed the week with a 12% price increase, eyeing a breakout towards $1 with $0.9 acting as a significant resistance level.
- Solana also recorded a 12% price increase, looking to hit $186 with $152 as the support level, on track to reach $200 in the near future.
- Hype observed a 21% price surge this week, surpassing $21 and aiming for $25 with potential resistance at $24 and $28.
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TheNewsCrypto
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Commissioner Crenshaw Questions US SEC’s Proposed Ripple Lawsuit Settlement
- SEC Commissioner Caroline Crenshaw opposes a proposed settlement with Ripple Labs, expressing concerns about eroding investor protections.
- The deal would involve Ripple and its executives paying $50 million to the SEC to end the ongoing litigation, which Crenshaw believes weakens the SEC's credibility.
- The settlement with Ripple follows a series of dropped cases under the Trump administration, raising concerns about regulatory consistency in the crypto industry.
- The agreement between Ripple and the SEC is pending final court approval, with Judge Analisa Torres needing to issue a ruling before the case can officially conclude.
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Cryptopotato
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Image Credit: Cryptopotato
SEC, Ripple Ink $50M Settlement to End Long-Running Legal Battle
- The U.S. Securities and Exchange Commission (SEC) and Ripple have reached a $50 million settlement, bringing an end to their long-standing legal battle.
- The agreement includes the dissolution of an existing injunction against Ripple and the release of $125 million held in escrow, with Ripple paying $50 million to the SEC.
- The settlement also involves dropping appeals from both parties related to the case that started in December 2020 when the SEC filed a lawsuit against Ripple over allegations of conducting an unregistered securities offering.
- The XRP price increased by 5.2% following the news of the settlement, with the XRP community celebrating the development as the end of the legal drama.
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TronWeekly
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Image Credit: TronWeekly
Ripple Finally Settles $50M With SEC as XRP Soars 8%; Is $3 the Next Milestone?
- Ripple and the SEC settled their legal battle with a $50 million agreement.
- XRP surged above $2.17 after the settlement news, with predictions of reaching $3 if momentum continues.
- Ripple will pay $50 million to settle the case, bringing relief to the XRP community.
- The settlement marks the end of a major legal battle in crypto history and may lead to increased use of digital assets in banking.
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Cryptonews
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Wellgistics Health Taps XRP’s Speed and Low Fees to Revolutionise Healthcare Payments
- Wellgistics Health Inc. plans to integrate XRP into its network for faster, cheaper, and more transparent healthcare payments.
- They will be one of the first publicly traded healthcare companies to use XRP for payments and treasury management.
- The initiative is supported by a US$50 million credit line to develop programmable liquidity and streamline financial infrastructure.
- Benefits of XRP integration include faster settlement times, lower transaction costs, increased transparency, and simplified global vendor payouts.
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Cryptopotato
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Image Credit: Cryptopotato
XRP Breaks Through Important Resistance, Here’s What’s Next for Ripple’s Price
- XRP surged above key resistance and could potentially reach $2.6, according to a crypto analyst.
- The surge followed a market-wide increase and the US SEC filing to settle the lawsuit against Ripple Labs.
- XRP has been trading within a range between $2 and $2.26 for a while, with $2.26 acting as a significant resistance.
- The SEC's motion to settle with Ripple Labs for $50 million indicates progress in the legal case, contributing to XRP's surge.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Ripple Custody Now Supports HBAR via Shared MPC Wallet, Study Finds
- Ripple Custody has integrated support for Hedera Hashgraph's HBAR tokens through a scholarly academic research study, providing secure cross-chain institutional asset management.
- The custody wallet features decentralized key control through a Threshold Signature Scheme (TSS), offering compliance tools like transaction whitelists and withdrawal caps for regulated crypto portfolio oversight.
- The new wallet model includes a decentralized recovery protocol (DeRec) to enhance security by encrypting and distributing recovery details across helper nodes, eliminating the need for seed phrase storage.
- Institutional investors can now manage tokenized securities and digital assets across multiple blockchains within a single custody setup, ensuring compliance with regulations and offering portfolio diversification.
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Cryptonews
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Ripple and SEC Finally Call Off $1.3 Billion XRP Suit with $50 Million Settlement
- Ripple and the SEC have settled their legal dispute with Ripple agreeing to pay a $50 million penalty, significantly lower than the initial $2 billion fine and last year's $125 million.
- The lawsuit started in 2020 over whether XRP sales were unregistered securities offerings. XRP surged 8.7% after news of the settlement.
- The final resolution reflects the SEC's softened stance on crypto under the Trump administration. SEC Commissioner Caroline Crenshaw criticized the deal for undermining investor protection.
- The SEC's case against Ripple began in 2020, and a federal court ruled in 2023 that XRP's institutional sales violated securities laws. The settlement comes after the change in the agency's approach towards cryptocurrencies.
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Newsbtc
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Image Credit: Newsbtc
Bullish Continuation For XRP Price Shows Possible Recovery To $4
- XRP is showing signs of bullishness after a recent recovery by 2% in the past 24 hours, reaching an intraday peak of $2.2.
- Technical analysis on TradingView suggests XRP is poised for a bullish continuation to $4, with low volatility indicating a shift from bearish momentum.
- XRP's price action has transitioned to a phase of minimal volatility, breaking above a downward sloping resistance trendline and consolidating without forming new lows, signaling a bullish pattern.
- The chart indicates repeated bounces from a support zone around $2.00 since mid-April, with each consolidation phase resulting in a higher low, paving the way for a potential upward breakout towards $4.
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