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Cryptonews

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XRP, Sui Rally Amid Grayscale Trust Launch in US, XRPL to See Smart Contract Capability

  • Sui and XRP are among the major cryptocurrencies that have shown notable increases in the past week and 24 hours, with Sui surging by 27% and XRP rising by 4%.
  • The uptick follows the launch of Grayscale Trust products, including Grayscale XRP Trust and Grayscale Sui Trust.
  • Ripple plans to bring advanced programmability and smart contract capability to the XRPL, expanding its use cases beyond payment processing and currency exchanges.
  • However, as of now, the XRPL does not have native smart contract capabilities, but Ripple is actively developing solutions to enhance its programmability.

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Bitcoinist

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XRP’s Value Solid, Free From Speculative Bubble Pressures, Expert claims

  • XRP's value is considered solid and free from speculative bubble pressures, according to a market expert.
  • The expert argues that XRP's value remains robust due to its lack of susceptibility to speculative bubbles seen in other cryptocurrencies like Bitcoin and Ethereum.
  • XRP's value is rooted in its utility for real-world uses, such as cross-border transactions and institutional finance.
  • A crypto expert predicts a possible 2017-style bullish breakout for XRP after the ongoing Ripple-SEC lawsuit is concluded.

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Crypto-News-Flash

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Grayscale’s XRP ETF and Trust Propel XRP Price Up 10% Amid Regulatory Scrutiny

  • Grayscale's XRP Trust has led to a 10% increase in XRP's price.
  • The trust allows accredited investors to invest in XRP for international transactions.
  • XRP's price surge indicates growing acceptance as a serious investment.
  • Speculation suggests regulatory scrutiny may indirectly benefit XRP.

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TronWeekly

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XRP Could Soar 500% as Hidden Bullish Pattern Emerges

  • XRP's technical analysis reveals a potential parabolic surge as a hidden bullish pattern emerges.
  • The formation of hidden bull divergences near resistance levels adds weight to the bullish argument.
  • If XRP breaks above the $3.313 resistance zone, a parabolic rally could lead to a nearly 500% surge.
  • Despite ongoing regulatory uncertainty, crypto lawyer Bill Morgan suggests the SEC's focus is on Ripple's institutional sales, not XRP's core status.

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Crypto-News-Flash

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BRICS News: Will Saudi Arabia’s Ditching of the Petrodollar Open the Door for Bitcoin and XRP in Oil Settlements?

  • Saudi Arabia considers using Yuan for crude settlement amid the upcoming BRICS Summit, posing a threat to the US dollar.
  • Saudi Arabia aims to implement the BRICS long-term goal of moving away from Petrodollar to Petroyuan.
  • Saudi Arabia's openness to new ideas, including using Yuan in a crude settlement, could further internationalize the Chinese currency.
  • The BRICS alliance is receiving massive interest from over 50 countries, potentially leading to exploration of Bitcoin and XRP.

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Crypto-News-Flash

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Goldman Sachs Executive Dismisses Bitcoin, Hails XRP as the Future of Crypto

  • Goldman Sachs executive believes XRP is the future of the global financial system, dismissing Bitcoin as a distraction.
  • Ripple CEO Brad Garlinghouse highlights XRP's efficiency as a settlement tool compared to Bitcoin.
  • XRP designed as a bridge currency to provide liquidity without traditional banking systems.
  • XRP's lightning speed and potential real-world value make it promising in the crypto industry.

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Zycrypto

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XRP Price Readies For Next Parabolic Rally As Grayscale Debuts XRP Trust, Clearing The Way For Possible ETF

  • Grayscale announces the launch of a closed-end XRP trust in the US, paving the way for a potential XRP-based ETF.
  • XRP price surges by over 7% following the announcement, reaching a high of $0.57 before settling at $0.5622.
  • Grayscale's XRP trust allows accredited investors to gain exposure to XRP, facilitating cross-border payments and transforming the legacy financial infrastructure.
  • The XRP trust has fewer regulatory restrictions compared to an ETF, but it could potentially be transformed into an ETF with SEC approval.

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Cryptoslate

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Grayscale’s XRP trust launch ignites 8% increase and ETF speculation

  • Grayscale has launched a new crypto investment trust fund for XRP, leading to an 8% increase in XRP's value.
  • The XRP Trust operates similarly to Grayscale's other single-asset investment trusts, focusing exclusively on XRP.
  • This launch has sparked speculation about the potential approval of an XRP ETF by the US Securities and Exchange Commission (SEC).
  • However, regulatory challenges and ongoing legal battles with the SEC may hinder the approval of an XRP ETF.

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Crypto-News-Flash

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First U.S. XRP Trust by Grayscale: What You Need to Know

  • Grayscale has launched the first U.S. XRP Trust, aiming to provide institutional exposure to XRP’s unique cross-border payment capabilities.
  • The trust could be converted into an ETF, pending SEC approval, signaling potential mainstream adoption of XRP.
  • The launch of the XRP Trust has led to an increase in XRP's price and trading volume.
  • Grayscale's XRP Trust offers direct access to XRP and may be converted into an ETF in the future.

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Crypto-News-Flash

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Ripple Stands Apart by Focusing on Enterprise, Not Retail XRP Holders, Expert Explains

  • Ripple primarily focuses on large-scale payment solutions for enterprises and governments, rather than retail adoption.
  • The value proposition of Ripple centers on providing solutions for financial institutions and corporations.
  • Ripple distinguishes itself from other blockchains by not relying heavily on individual retail adoption.
  • The XRP Ledger has struggled to gain traction in the decentralized finance (DeFi) sector.

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Crypto-News-Flash

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Ripple Focus: Institutional Solutions, Not Retail Adoption, Says Investor

  • Ripple focuses on enterprise solutions for financial institutions, not retail adoption.
  • The company aims to improve global financial infrastructure through institutional-grade payment solutions and cross-border settlements.
  • Ripple differentiates itself from other blockchain ecosystems by targeting large-scale payment solutions for businesses and governments.
  • The company collaborates with financial institutions and central banks to enhance existing infrastructure and streamline payment operations.

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TechBullion

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Crypto Market Highlight: Price Predictions For FXGuys, Ripple, And BNB

  • Bitcoin's price movements have affected Ripple (XRP) and BNB significantly.
  • FXGuys ($FXG) is an option for traders looking to escape the market's volatility.
  • $FXG is in its private sale at $0.01 per token with a launch price of $0.1 and a remarkable 900% growth potential.
  • XRP struggles to regain momentum and is showing signs of weakness from a technical perspective.
  • Ripple Labs' legal battle with the SEC continues to heavily influence XRP's market position.
  • Crypto Michael believes XRP will pump hard if it breaks above $0.55.
  • BNB has maintained a positive year-to-date performance despite its slight decline.
  • BNB is facing downward pressure and struggling to maintain momentum at $504 after crossing the ATH of $720.
  • BNB Chain has collaborated with SingularityNET, a decentralized AI platform, to boost data reliability, safety, and performance.
  • The collaboration with SingularityNET could help BNB recover from its recent struggles on the charts.

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Cryptopotato

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Shiba Inu (SHIB) Developments, Ripple (XRP) Price Forecasts, and More: Bits Recap Sep 12

  • Shibarium, Shiba Inu's layer-2 solution, shows increased activity with a 90-day peak in deployed contracts.
  • Analysts predict a potential bull run for XRP based on tightening Bollinger Bands and historical patterns.
  • Ethereum sees increased wallet creation, indicating rising network utility and potential for further price gains.
  • Shiba Inu (SHIB) Developments, Ripple (XRP) Price Forecasts, and More: Bits Recap Sep 12

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TheNewsCrypto

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Analyst Predicts Ripple (XRP) Could Reach $40 Based on Technical Patterns

  • Analyst Steph predicts XRP could reach $40, based on technical patterns.
  • Inverted Head and Shoulders pattern on daily chart suggests $1.11 target.
  • Market sentiment and macroeconomic factors could support XRP’s growth.
  • Steph advises treating the $40 target as a rough guideline rather than a certainty.

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Newsbtc

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Analysts Predict XRP ‘Mega Pump’ And ‘Perpetual Cycle’ – Details

  • Crypto analysts predict a mega pump and perpetual cycle for XRP.
  • Edward Farina believes XRP will enter its biggest bull cycle despite unstable market conditions.
  • Egrag's technical analysis suggests bullish targets for XRP at $0.739, $0.924, and potentially $1.469.
  • Long-term investors are confident that the accumulation phase will be followed by a breakout.

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