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Cryptoticker

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XRP Price Prediction: Can XRP Reach $1 After the SEC Lawsuit?

  • XRP has experienced limited price action and underwhelming growth since the SEC lawsuit began, hovering between $0.50 and $0.70.
  • XRP's performance has been slow compared to other cryptocurrencies, with only a modest 65% growth over the past five years.
  • XRP's price trajectory will depend on political outcomes, with a potential favorable scenario if Donald Trump wins the 2024 US presidential election.
  • XRP's primary price target remains $1, representing a 100% increase from current levels, but achieving this depends on the SEC case outcome and overall crypto sentiment.

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Crypto-News-Flash

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Ripple Q3 Report Sees Institutional Interest in XRP ETFs Rising

  • Ripple Q3 2024 report confirms XRP’s non-security status and highlights growing institutional interest in XRP-focused ETFs and trusts.
  • Growing institutional interest in XRP is shown through filings for XRP-oriented ETFs by investment firms like Bitwise, Canary, and 21Shares.
  • Global economic shifts, including central banks implementing accommodating monetary policies, have positively impacted the cryptocurrency market, including XRP.
  • Throughout Q3 2024, XRP's trading volumes remained strong, with price swings driving increased market volatility.

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TheNewsCrypto

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Ripple (XRP) Turns Bearish After Recent Attempt to Break Resistance

  • XRP has shown an additional price drop in the last 24 hours following previous declines.
  • The altcoin’s daily trading volume has decreased by 24.25%.
  • Ripple's native token, XRP, experienced a 1.57% drop in price in the past 24 hours.
  • Technical indicators suggest a bearish trend for XRP, with potential for further declines.

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Crypto-News-Flash

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Ripple Launches Guide to Support Banks in $20 Trillion Digital Custody Sector

  • Ripple launches a guide to support banks and financial institutions in the $20 trillion digital custody sector.
  • Ripple Custody is already used by top global financial institutions and supports custodian banks, exchanges, and corporations in over 15 countries worldwide.
  • By expanding its custody capabilities, Ripple aims to enter the $20 trillion custody market and shift its business focus beyond cross-border payments.
  • With Ripple's digital asset custody and tokenization infrastructure, banks can manage and expand their digital asset services, including diversifying their offerings to include equities, bonds, certificates, and unique assets like art and collectibles.

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TheCryptoBasic

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Expert Shares Realistic XRP Price Target for Coming Bull Run

  • Altcoin Moe, an expert trader, shares realistic price targets for XRP and other cryptocurrencies amid recent market movements.
  • Bitcoin is projected to reach $115,000 at the peak of the bull run, according to Moe.
  • Moe suggests Ethereum could reach $8,000, representing a 220% growth.
  • For XRP, a realistic price target of $5 is suggested, requiring a 876% rally.

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Cryptoslate

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21Shares files S-1 application for an XRP ETF

  • Asset management company 21Shares has filed an S-1 application with the US SEC for an XRP ETF.
  • The Core XRP Trust aims to track the price of XRP without generating additional returns based on market trends.
  • The XRP ETF approval is uncertain due to the SEC's legal battle with Ripple Labs.
  • Despite regulatory uncertainty, other asset managers are pursuing approval for spot XRP ETFs.

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Zycrypto

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Ripple’s XRP Set For Imminent Takeoff As 21Shares Makes Spot XRP ETF Plans Official With SEC Filing

  • Crypto ETF issuer 21Shares has filed an S-1 form with the SEC for a proposed XRP ETF.
  • The ETF, called 21Shares Core XRP Trust, would be listed on the Cboe BZX Exchange.
  • The XRP held in the ETF would be custodied by Coinbase Custody Trust Company.
  • Approval for an XRP ETF in the US remains uncertain due to ongoing legal battles between Ripple and the SEC.

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Zycrypto

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Pro-XRP Lawyer Pokes The SEC “Trick” On Obscure Rules

  • Pro-XRP lawyer MetaLawMan criticizes the SEC over its regulation by enforcement strategy.
  • The SEC's hostile approach towards the crypto industry has led to a talent exodus from the US.
  • Conflicting narratives from the SEC have caused confusion regarding crypto regulations.
  • The SEC emphasizes investor protection amidst criticism from the crypto community.

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Bitcoinist

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Ripple Vs. SEC: New Deadline Announced By Second Circuit Court

  • The United States Court of Appeals for the Second Circuit has set a deadline for the Securities and Exchange Commission (SEC) to file its appellate brief in the Ripple vs. SEC case.
  • The SEC must file its brief by January 15, 2025, and failure to comply will result in the dismissal of the SEC's appeal.
  • The recent controversy surrounding the SEC's filing of Form C, which outlined the issues they intend to address on appeal, led to speculation that the SEC had missed the deadline.
  • The court's order has garnered reactions from legal professionals and potential implications related to the US presidential election have been discussed.

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Crypto-News-Flash

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XRP News: XRPL Unveils Major Shift with Decentralized ID Launch

  • Decentralized Identifiers (DIDs) are now live on the XRP Ledger (XRPL) following the activation of the XLS-40 DID amendment.
  • The DIDs adhere to global W3C standards and have measures to prevent forgery.
  • DIDs on XRPL allow users to securely identify themselves and access various applications.
  • Users can create multiple DIDs linked to valid DID documents.

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TheCryptoBasic

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Ethereum Surged from $126 to $4,860 in Last Cycle: What If XRP Surges the Same Way?

  • Ethereum recently surged from $126 to $4,860 in its last cycle.
  • XRP saw a 954% increase during a similar timeframe, rising from $0.1858 to $1.96.
  • XRP's weaker performance in the last cycle was attributed to the SEC lawsuit against it.
  • If XRP mirrors Ethereum's history, it could reach a market value of approximately $21.

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Bitcoinist

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XRP Ledger DID Amendment Goes Live: Why It’s A Big Deal

  • The XLS-40 amendment on the XRP Ledger, introducing a new standard for Decentralized Identifiers (DIDs), was activated on October 30.
  • DIDs are unique, user-owned identifiers that are not controlled by any central authority and are designed to be persistent, globally resolvable, and cryptographically verifiable.
  • The XRP Ledger implementation of DIDs involves users creating a DID document and associating it with their on-chain DID object, ensuring authenticity and preventing identity forgery.
  • DIDs on the XRP Ledger conform to the requirements of the DID v1.0 specification, enabling interoperability and trusted digital transactions.

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Zycrypto

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20,589% XRP Price Explosion Expected As Pundit Sees Ripple’s XRP Outshining Markets In Next Cycle

  • Analysts predict that XRP may outperform Ethereum (ETH) and Bitcoin (BTC) in the upcoming market cycle.
  • Despite recent challenges, some analysts remain optimistic about XRP's future, with potential for a 20,589% increase in value.
  • Other analysts suggest that XRP could outperform BTC on a relative basis and may outperform other altcoins in the next cycle.
  • Ethereum and Bitcoin face their own challenges, with ETH encountering resistance and BTC trading within an expanding triangle pattern.

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TheCryptoBasic

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Top Analyst Issues Countdown to XRP Historic Breakout, Projects Massive 1,347% Surge to Follow

  • A leading analyst has issued a countdown for XRP to experience a historic breakout, targeting a potentially massive rally to $7.50.
  • XRP has recently faced challenges keeping up with the broad crypto market recovery, trailing behind Bitcoin and other altcoins.
  • Crypto analyst Egrag Crypto believes that XRP's potential breakout is imminent based on the formation of a symmetrical triangle pattern.
  • Analysts suggest that XRP's future trends could be tied to Bitcoin halving cycles, with potential for XRP to reach $26 based on historical data.

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Crypto-News-Flash

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Ripple News: Garlinghouse and Larsen Enlist Top Lawyers—Will This Help Dismiss SEC Charges?

  • Ripple executives Brad Garlinghouse and Chris Larsen are seeking to dismiss the SEC's claims against them in the XRP lawsuit.
  • Garlinghouse and Larsen have hired attorneys, including securities law expert Matthew Solomon, to challenge the SEC's charges.
  • The SEC has requested a January 15, 2025, deadline for its principal brief in the appeals process.
  • XRP's price rose 1% and trading volume increased by 61% in response to the legal developments.

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