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Ripple News
Newsbtc
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XRP Price Defends Support: Will Bulls Take Over?
- XRP price is consolidating above the $0.5785 support.
- The price is trading below $0.590 and the 100-hourly Simple Moving Average.
- A major bearish trend line is forming with resistance at $0.5850.
- XRP price could gain bullish momentum if it clears the $0.5920 and $0.600 resistance levels.
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Pymnts
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22
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Stablecoins Surge in Prominence and Utility Across FinTech Ecosystem
- Stablecoins, digital currencies pegged to traditional fiat currencies, are gaining prominence in the FinTech ecosystem.
- Stablecoins offer stability compared to the volatility of cryptocurrencies like bitcoin and ethereum.
- FinTech companies such as Revolut and PayPal are creating their own stablecoins.
- Stablecoins are streamlined for cross-border payments, reducing costs and settlement times.
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TheNewsCrypto
1M
22
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Ripple Price Consolidates in Symmetrical Triangle for 1.5 Months: What’s Next For XRP?
- XRP price consolidates in symmetrical triangle pattern for 1.5 months.
- Positive funding rates and rising Chaikin Money Flow indicate bullish sentiment.
- Potential 29% rally to $0.76 if breakout occurs, or drop to $0.56 if failed.
- XRP finds itself at a critical juncture as it approaches the culmination of a month-and-a-half-long symmetrical triangle pattern.
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Crypto-News-Flash
1M
82
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Inside Ripple’s Latest 64 RLUSD Burn at the Treasury
- Ripple burned 64 RLUSD stablecoins as part of beta testing at the RLUSD Treasury.
- This reinforces Ripple's commitment to launching RLUSD and innovation in the stablecoin market.
- RLUSD is intended to work with XRP and Ripple aims to establish a prominent position in the stablecoin industry.
- RLUSD will initially be offered to institutional investors before becoming available to retail investors.
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Bitcoinist
1M
27
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XRP Price Bollinger Bands Return To Levels That Triggered 650x Increase
- The XRP price chart is displaying a familiar historical pattern known as Bollinger Bands.
- Crypto analyst JD identified a similar narrow Bollinger Band pattern for XRP in the current cycle.
- JD clarified that a 650x surge for XRP is highly unlikely, suggesting a more attainable price target of 5x to 10x.
- However, another analyst, Jay Grissom, has offered a more bearish outlook, indicating a potential drop to $0.55 for XRP.
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Crypto-News-Flash
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9
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Ripple vs SEC: John Deaton Brings SEC Misconduct to Light – XRP News
- Pro-crypto attorney John Deaton accuses the US SEC of intentional misconduct in the Ripple vs SEC case.
- Deaton claims the SEC's assertion that XRP is a security wasted money and caused significant losses.
- He demands compensation for Ripple and the XRP community as a result of the SEC's misconduct.
- Speculations rise on whether the SEC will appeal the Ripple decision, while Ripple confirms no intention to appeal.
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Bitcoinist
1M
387
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Ripple Co-Founder Transfers 20 Million XRP, Sparking Selloff Fears And Wallet Hack Concerns
- Chris Larsen, co-founder of Ripple, has transferred 20 million XRP tokens from his wallet in a potential preparation for a selloff.
- The transaction triggered subsequent transfers, ultimately connecting with the crypto exchange Binance.
- Speculation suggests that the tokens will be sold off on Binance in the coming days.
- There is also a possibility that the transfer is related to a hack, although this has not been confirmed by Larsen.
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Cryptonewsz
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200
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Ripple Weekly Price Speculation: Can XRP Surge Above $0.6?
- Analysts and market watchers are speculating on XRP’s potential to break above the $0.60 mark in the coming week.
- XRP has shown major price movements, ranging from an all-time low of $0.002802 to a peak of $3.92.
- Predictions suggest potential volatility in the coming week, with prices ranging from about $0.64 to nearly $0.80.
- As XRP approaches the important $0.60 level, breaking above it could trigger a substantial rally.
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Crypto-News-Flash
1M
173
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Ripple vs SEC: Is the SEC Preparing a Last-Ditch Appeal?
- Legal experts believe the SEC will file an appeal, creating uncertainty for XRP.
- Ripple is confident in its legal position and does not plan to appeal.
- XRP community grows anxious as SEC's appeal remains undecided.
- XRP price surges despite legal uncertainty and possibility of SEC appeal.
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Zycrypto
1M
27
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Ripple CTO Denies XRP Price Suppression Accusations, Claims He Would Raise Price If He Could
- Ripple's CTO, David Schwartz, denies allegations of suppressing XRP price.
- Schwartz explains that higher XRP prices make transactions more cost-efficient.
- A community member accuses Ripple of deliberately keeping XRP's price low.
- Schwartz reveals he holds XRP and would raise its price if possible.
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Crypto-News-Flash
1M
209
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Coinbase Classifies XRP and Shiba Inu as Money and Store of Value Assets
- Coinbase has classified XRP and Shiba Inu (SHIB) as currencies, highlighting their potential as money or stores of value.
- This move by Coinbase aims to categorize certain assets based on their uses, placing XRP and SHIB alongside BTC and LTC.
- The classification legitimizes XRP and SHIB as transactional tools, establishing them as legitimate digital assets for transactions and storage of value.
- The legal status of XRP remains uncertain, but the positioning of Coinbase aligns with previous categorization by FinCEN.
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TheNewsCrypto
1M
127
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Appeal Decision Looms in Ripple vs. SEC Lawsuit Amid Rising Tensions
- The SEC is expected to file an appeal in the Ripple vs. SEC lawsuit, according to ex-SEC attorneys.
- The agency has around two weeks remaining to submit the appeal.
- Tensions are rising within the XRP community as the appeal deadline approaches.
- Ripple's Chief Legal Officer and CEO have stated that they have no plans to appeal the decision.
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Crypto-News-Flash
1M
219
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XRP Whale on the Move: Massive 30M Transfer Sparks Curiosity
- A massive 30 million XRP transfer from Upbit to an unknown wallet has sparked curiosity among the cryptocurrency community.
- The tokens from Upbit have been distributed across multiple unknown wallets, indicating potential future trading operations.
- Crypto analyst JackTheRippler predicts a bullish price movement for XRP, with a price target of $246 in the upcoming bull run.
- Grayscale’s XRP Trust is nearing an all-time high in XRP holdings, indicating increased institutional interest and boosting market optimism.
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Bitcoinik
1M
205
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Ripple CTO Speaks Out Against Accusations of $XRP Price Manipulation
- David Schwartz, Ripple CTO, addresses accusations of $XRP price manipulation.
- Schwartz states that he is an XRP holder and has no incentive to artificially lower the price of the token.
- He believes Ripple's activities have little impact on the price, and XRP often trades similarly to XLM.
- XRP is a legally cleared digital asset, with a current trade price of $0.59, showing a 24% increase in the last three months.
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Crypto-News-Flash
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319
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Ripple News: SBI Holdings Joins BIS-Led Project Agora, Predicts XRP Adoption by 2025
- Ripple partner SBI Holdings has confirmed its participation in Project Agora, a Bank for International Settlements (BIS) initiative exploring the integration of tokenized commercial bank deposits.
- Project Agora aims to tackle existing inefficiencies in cross-border payments, making processes more transparent, faster, and cost-effective.
- SBI Holdings' involvement in Project Agora strengthens Ripple's role in the future of digital finance and its growing influence in the global financial ecosystem.
- Ripple's native cryptocurrency XRP has been trading around $0.60, with whales accumulating $228 million worth of XRP in the last ten days.
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