A naukri.com initiative
Ripple News
Zycrypto
1d
155
Image Credit: Zycrypto
XRP Community Eyes Circle Takeover as Institutions Poised to Trigger Inflow of Billions of Dollars
- XRP has shown resilience amid market challenges fueled by its devoted community, strong support, and utility-centric structure.
- Bit Guru suggests potential bullish reversal for XRP as it shows signs of recovery with higher lows on the 15-minute chart and increasing volume.
- XRP currently faces resistance at $2.37 and needs to surpass it to aim for the $2.40 range, trading around $2.25 as per CoinGecko data.
- Institutional interest in XRP has decreased with $37.2 million weekly inflows after an 80-week streak, yet the XRP community anticipates positive outcomes, potentially linked to a Ripple takeover of Circle.
Read Full Article
9 Likes
Bitcoinist
1d
217
Image Credit: Bitcoinist
Ripple Submits New Letter To SEC’s Crypto Task Force — Here’s Why
- Ripple Labs submitted a 4-page memorandum to the SEC's Crypto Task Force in response to Commissioner Hester Peirce's speech on crypto assets and investment contracts.
- Ripple proposes a two-pronged test to determine when a token has severed from an investment contract, highlighting the importance of outstanding promises to the original purchaser.
- The company cites a July 2023 ruling that found XRP itself is not a security, emphasizing the distinction between XRP and investment contracts.
- Ripple endorses the idea of a well-designed safe harbor as suggested by Commissioner Peirce to provide regulatory certainty for crypto assets circulating openly in functional networks.
Read Full Article
13 Likes
Crypto-News-Flash
2d
334
Image Credit: Crypto-News-Flash
eToro Re-Lists 12 Tokens in U.S. After SEC Settlement – XRP, ADA, DOGE Included
- eToro has re-listed 12 tokens, including XRP, ADA, and DOGE, in the U.S. following an SEC settlement, as part of its expansion plans post-IPO.
- Last year, eToro had to limit its crypto offerings in the U.S. due to an SEC settlement, but has now brought back 12 digital assets after paying a $1.5 million fine.
- The company believes the timing is right to re-add these tokens, aiming to offer more opportunities and excitement for customers in the U.S. market.
- eToro's renewed focus on expanding in the U.S. is driven by the perceived friendlier regulatory environment and the company's recent IPO, aligning with plans to strengthen global crypto offerings.
Read Full Article
20 Likes
TronWeekly
2d
0
Image Credit: TronWeekly
Ripple CLO Sparks Tension: Is SEC Overstepping on Crypto Rules?
- Ripple CLO, Stuart Alderoty, has requested clarity from the SEC on the classification of crypto assets, arguing that most fungible tokens do not meet the definition of securities under current U.S. law.
- Alderoty emphasized that not all digital tokens should be subject to securities regulations, especially in secondary market transactions, as part of Ripple's push for regulatory clarity amidst its legal battle with the SEC.
- He raised concerns about the SEC's approach to regulating digital assets and cited legal research to support the need for a buyer-seller relationship in investment contracts.
- Alderoty proposed a framework to determine when a token is independent of its initial sale agreement, promoting fairness and legal precision without hindering innovation in crypto markets.
Read Full Article
Like
Newsbtc
2d
350
$8 XRP Sounds Huge—But This Analyst Isn’t Cheering Yet
- XRP analyst Xena questions the significance of XRP reaching $8, highlighting that other tokens have experienced more substantial gains in a shorter period.
- While a jump to $8 would represent a 240% gain for big holders, retail investors with smaller holdings would see less dramatic returns.
- Some in the XRP community aim for XRP to reach $1,000, but experts believe achieving such high prices could take a decade or more.
- Influencers are being criticized for hyping up the $8 target as a significant milestone, while everyday holders hope for a transformational shift in their financial situation.
Read Full Article
21 Likes
Bitcoinist
2d
136
Image Credit: Bitcoinist
XRP Holds Midline Support That Has Led To Breakout In The Past, Why $2.9 Could Be Next
- XRP price has shown strength by holding support at $2, indicating bullish control and potential for a surge.
- The XRP price is forming a bullish channel structure and has held midline support at the 0.618 Fibonacci level, historically leading to upward moves.
- The bullish channel formation suggests a likelihood of testing resistance levels at upper ends, with $2.4 as a key hurdle to clear.
- If the bullish trend continues, XRP price could see a potential rise towards $2.9206, marking a significant move towards new all-time highs.
Read Full Article
8 Likes
Crypto-News-Flash
2d
7
Image Credit: Crypto-News-Flash
Ripple Urges SEC for Clear Rules on XRP and Token Classification
- Ripple is urging the SEC to stop applying outdated rules to crypto assets like XRP and is advocating for Congress-led regulation.
- They proposed a 'maturity' test to assess token status, emphasizing that most crypto assets like XRP do not qualify as securities when traded in secondary markets.
- Ripple highlighted Judge Analisa Torres's ruling that XRP is not a secondary market security, urging for legislation reflective of such decisions.
- The company warned against assumptions during token sales and supported a good-faith safe harbor for projects, emphasizing the importance of regulatory clarity for ventures like an XRP-based ETF.
Read Full Article
Like
TheNewsCrypto
2d
89
Martini Market Is Redefining DeFi Forecasting on the XRP Ledger
- XRPL is evolving into a hub for DeFi innovation, with Martini Market leading the way as the first decentralized prediction market protocol on XRPL.
- Martini Market enables users to speculate on real-world events in a secure and fast environment, leveraging XRP Ledger's speed, low fees, and liquidity.
- The platform is community-focused, allowing users to create or participate in prediction markets using XRP or other XRPL-based assets, powered by its utility token $MRT.
- With XRPL's growth and Martini Market's milestones, the protocol aims to revolutionize prediction markets on the network, offering utility to XRP holders and DeFi users alike.
Read Full Article
5 Likes
Cryptoticker
2d
183
Image Credit: Cryptoticker
Cardano News Today: XRP DeFi on Cardano? Hoskinson Teases Game-Changing Move
- Cardano founder Charles Hoskinson sparked speculation about a possible partnership between Cardano and XRP Ledger for XRP DeFi integration.
- The integration could bring XRP's liquidity and user base to Cardano's smart contract ecosystem, potentially unlocking up to $140 billion in value.
- Cardano is set to integrate Ripple's upcoming stablecoin RLUSD on its privacy-focused sidechain Midnight, enhancing Cardano's DeFi infrastructure.
- This cross-chain initiative may impact Cardano's price positively, with short-term targets between $0.60-$0.75 and a long-term bullish outlook if it becomes a leading DeFi Layer 1 platform.
Read Full Article
11 Likes
TheNewsCrypto
2d
367
Ripple Urges SEC to Clarify Crypto Token Rules with ‘Network Maturity’ Proposal
- Ripple's CLO, Stuart Alderoty, urges SEC for clear guidance on crypto token classification on secondary markets to avoid stifling innovation and placing U.S. blockchain companies at a disadvantage globally.
- Alderoty introduces the 'Network Maturity' test to differentiate between securities and decentralized crypto tokens based on factors like decentralization, utility, market participation, and issuer obligations.
- Ripple advocates for SEC collaboration in forming nuanced regulations by learning from other jurisdictions like the UK, EU, and Japan to encourage innovation in the U.S. and avoid driving it offshore.
- The proposal suggests that engaging with crypto stakeholders and legal experts can lead to constructive dialogue for shaping the future of U.S. crypto regulation, amidst the industry awaiting a response from the SEC.
Read Full Article
22 Likes
Crypto-News-Flash
2d
195
Image Credit: Crypto-News-Flash
Cardano News: Bitcoin DeFi Ecosystem Now Live – Hoskinson Hails a New Era
- Charles Hoskinson envisions a future where DeFi expands into the Bitcoin and XRP ecosystems, with Cardano acting as a bridge.
- Hoskinson highlighted the potential of Bitcoin DeFi, citing upgrades like Taproot and the need for companion networks like Cardano for transaction processing.
- He emphasized the architectural similarities between Cardano and Bitcoin, pointing out the efficiency of the UTXO model used by both.
- Additionally, Hoskinson proposed integrating XRP Ledger with Cardano to enable smart contract functionality for XRP users, potentially opening the gates for institutional investment in ADA.
Read Full Article
11 Likes
Coinjournal
2d
383
Image Credit: Coinjournal
XRP drops 1.05% to $2.29 as key resistance blocks further gains
- XRP has dropped by 1.05% to $2.29 and is trading below the 100-hourly SMA, indicating bearish momentum.
- Key support levels for XRP are at $2.280, $2.260, and $2.2320, while a clear move above $2.3720 is needed for bulls to shift the short-term trend.
- Despite attempts to recover, XRP failed to break through the $2.36 resistance zone, leading to renewed selling pressure.
- Ripple Labs, associated with XRP, continues to expand partnerships and utility-based applications, but XRP's price remains tied to speculative flows and broader market sentiment.
Read Full Article
23 Likes
Cryptopotato
2d
363
Image Credit: Cryptopotato
US SEC Commences First Formal Review of Spot XRP ETF
- The U.S. SEC has begun the first formal review of an application for a spot XRP ETF in the country.
- The application is from WisdomTree to list and trade shares of the WisdomTree XRP ETF on the Cboe BZX Exchange.
- SEC is assessing if the proposal meets investor protection and public interest criteria before potential approval.
- Approval of a spot XRP ETF could lead to the introduction of similar products and be beneficial for the XRP community.
Read Full Article
21 Likes
Crypto-News-Flash
2d
195
Image Credit: Crypto-News-Flash
Top 3 Crypto Price Outlook: BTC, ETH, XRP Face Potential Reversal Signs
- Bitcoin (BTC) and Ethereum (ETH) are facing potential reversal signs, with BTC likely to dip below $106k and ETH expected to plunge below $2,400.
- Bitcoin's RSI chart suggests a possible dip below $106k support level, while Ethereum is experiencing fading momentum, increasing chances of dropping below $2,400.
- The altcoin market is uncertain due to Bitcoin's stability, with altcoins constrained in a tight range. Traders are closely watching Bitcoin, Ethereum, and XRP for sentiment shifts.
- XRP has slipped below a key support level of $2.3 to trade at $2.29, with a bearish momentum indicating a potential drop to $1.96 or a surge to $2.72.
Read Full Article
11 Likes
Bitcoinsensus
2d
274
Image Credit: Bitcoinsensus
XRP DeFi Could Launch on Cardano, Says Hoskinson | Cardano DeFi News
- Cardano plans to integrate DeFi capabilities into the XRP Ledger via a computational layer.
- The integration could unlock over $140 billion in dormant value across XRP and Bitcoin ecosystems.
- Cardano and Ripple are showing signs of warming up to a strategic collaboration after years of tension.
- The potential multi-billion-dollar integration could revolutionize the DeFi space by bridging networks and introducing new functionalities.
Read Full Article
16 Likes
For uninterrupted reading, download the app