Ripple recently conducted multiple burns of Ripple USD (RLUSD) stablecoins after minting almost 50 million RLUSD over the last week. This series of burns came amid Ripple's warnings to the community about scammers attempting to exploit the still-in-beta project. Ripple remains focused on keeping the launch secure as it continues testing its new stablecoin initiative.

Stablecoin liquidity reached unprecedented levels in September 2024, boosting overall cryptocurrency market activity. Meanwhile, Ripple made a notable entrance into the stablecoin space with its newly launched RLUSD, expanding its influence in the financial landscape.

Ripple (XRP) price has been under significant pressure following a series of bearish technical signals and legal developments. After the SEC filed an appeal against Ripple, XRP experienced a sharp decline.

XRP (XRP) holders have faced disappointment since last week as the cryptocurrency struggles to gain momentum despite recent catalysts, leading many to explore new opportunities like Meme Bets (MEMEBET), a crypto project within the growing meme coin and GambleFi spaces.

The recent XRP news surrounding the SEC vs. Ripple lawsuit saw the US SEC Appeal the Southern District Judge Analisa Torres' July 2023 and August 2024 ruling.

A top crypto analyst took to X recently to give a bearish forecast for Ripple (XRP), saying the community will not see a bull run. Also, whales have moved approximately $250 million worth of Ethereum (ETH) to centralized exchanges.

One of the most anticipated launches in the crypto space is nearing as the San Francisco-based cross-border payment provider's Ripple USD (RLUSD) enters what appears to be the final stages of its research and development, with mints and burns of RLUSD accelerating to millions in value.

Ripple (XRP) making headlines amid ongoing legal challenges from the U.S. Securities and Exchange Commission (SEC). As of October 7, XRP has managed to stabilize around $0.54, while Bitcoin (BTC) and Ethereum (ETH) are also experiencing significant gains.

Ripple Labs continues its development and testing of the Ripple USD (RLUSD) stablecoin, with the blockchain company minting millions of RLUSD tokens in recent weeks. According to the Ripple Stablecoin Tracker, the company has burned some minted stablecoins in batches.

The Ripple stablecoin has continued to gain major traction in the testing phase with new burning trend.

The world's largest crypto exchange, Binance, has released its freshly printed proof-of-reserves report, which shows the ratio between customers' net balances and the exchange's. One of the highlights is the performance of XRP reserves on Binance, as they have suddenly seen a notable increase.

Ripple Vs SEC: The XRP price has noted volatile trading lately, especially after the agency's appeal in the ongoing legal battle. Notably, the appeal has sparked speculations in the broader crypto market over the potential motive behind the agency's move.

The cryptocurrency market exhibited a cautiously optimistic tone, with many tokens experiencing a recovery. Among them, XRP made a notable rebound from a recent low of around $0.50.

Over 8,300 people have already signed the initiative.

According to the Ripple Stablecoin Tracker account on the X platform, Ripple crypto decacorn has burned several batches of Ripple USD (RLUSD) stablecoins after minting almost 50 million of them over the past week.

XRP bulls anticipate a breakout as positive metrics align, pushing for a potential rally.

There is a possibility that Ripple and the SEC could reach a settlement in the next 14 days. This comes after the SEC filed a notice of appeal on October 2, 2024, challenging Judge Analisa Torres's ruling that stated XRP is not a security when sold on public exchanges.

XRP price is struggling to rise above the $0.550 level. The price must clear the $0.5450 and $0.5500 resistance levels to start a decent increase.

Shiba Inu (SHIB) is subtly positioning itself for a potential breakout. Recently, SHIB has risen above its 200-day exponential moving average (EMA), a crucial indicator often signaling a change in market sentiment.

XRP's price trends reflect market uncertainties as SEC appeal talks continue. Key technical levels and legal rulings could drive future moves.

Despite price consolidation within a tight range at a support level, it appears that XRP bulls are back in the market as its trading volume skyrockets. On October 7, 2024, most top cryptocurrencies experienced a notable price surge, but XRP's price has remained stable over the past 24 hours.

Bitcoin has recently surpassed $63,000, and both Ethereum and XRP are showing promising signs of upward movement. Investors are closely monitoring these key cryptocurrencies as they navigate the market's dynamics.

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The U.S. Securities and Exchange Commission (SEC) has officially registered an appeal against Judge Torres's ruling from July 2023, which was largely favorable to Ripple. This landmark decision clarified that XRP does not fall under securities regulations when sold in programmatic sales.

David Schwartz, chief technology officer at Ripple, recently shared his experience of using Elon Musk's Starlink.

Bitcoin price opened the week with a bang as altcoins and stocks turned green, but $65,000 to $66,500 remains a tall hurdle for BTC to overcome.

As global demand for cryptocurrency exchange and traded funds skyrocket, altcoin-based ETFs are becoming a major part of the conversation.

The XRP lawsuit case has taken a new turn with the latest US SEC appeal in the legal battle. The latest appeal signals further extension in the legal battle between the blockchain firm and the agency.

With the recent Ripple appeal, the SEC and its chair Gary Gensler are back in the spotlight as the XRP community voices strong opposition to the agency. This new twist has extended the already delayed case timeline, with some speculating it could now stretch until 2026.

What comes next for XRP price, as the Ripple and SEC legal battles continue, along with other major news for Ripple and its XRP Ledger? Let's find out

XRP sees the sudden increase in trading activity as, according to data from CoinGlass, the perpetual derivatives market for the seventh largest cryptocurrency soared by over 66% in the last 24 hours. As a result, total derivatives turnover on XRP reached $1 billion, making the token the 12th largest by this measure.

XRP's value has dropped by 17% over the past week, fueled by the broader market downturn and further impacted by the US SEC's decision to file an appeal against Ripple.

XRP, the cryptocurrency associated with Ripple, is making headlines as market analyst Egrag recently claimed that price targets ranging from $27 to $44 are conservative estimates based on Fibonacci analysis. This bold assertion has interest among investors and crypto enthusiasts, particularly in light of XRP's recent performance and market volatility.

A new week has started positively for most of the coins, according to CoinMarketCap.

Recently, a significant trend has emerged: 76.54% of traders on Binance are opting for long positions on the XRP/USDT trading pair, while only 23.46% are choosing to go short. This overwhelming preference for long positions indicates a strong wave of optimism surrounding XRP's price movement.

XRP, a leading cryptocurrency, has often been the subject of ambitious price predictions. Some analysts now speculate that XRP could climb to a value of $1,000 or more if the XRP Ledger (XRPL) captures a share of the massive global derivatives market.

The general sentiment behind the XRP price has been divided between market participants in recent months. Recent market dynamics have seen many investors adopting a negative outlook for the cryptocurrency's price, especially considering its failure to break into new heights above $0.6.

A new weekly report has come out from CoinShares on the movement of funds in the crypto-focused exchange traded products (ETPs) market. One of the main highlights of the latest research was the performance of Cardano ETPs, as investors using these financial vehicles for crypto investments poured 300% more money into them over the past seven days than the week before.

Ripple's price has recently experienced a significant decline, just as market participants were becoming optimistic about the beginning of a new bullish run. By Edris Derakhshi (TradingRage) The USDT Paired Chart Against USDT, the XRP price broke above the $0.6 resistance level last week.

XRP price has faced downward pressure recently, particularly following the U.S. Securities and Exchange Commission's (SEC) Notice to Appeal Judge Analisa Torres's ruling from August 7. Despite this turbulence, analysts are optimistic, predicting a potential rally for XRP during the upcoming bull run.

The XRP price has risen by 0.5% in the past 24 hours, reaching $0.5317 as the crypto market tries to shake off some of last week's declines.

Technical analysts know that a death cross involving the 50-day and 200-day exponential moving averages (EMAs) is a bearish signal, and that is what XRP is facing. This predicament developed after XRP was unable to profit from a bullish breakout from the symmetrical triangle, a move that would have raised the price of the cryptocurrency.

With about 16% of its value lost in October 2024 alone, XRP, the native coin of Ripple, has been under heavy assault this month. The US Securities and Exchange Commission's (SEC) fresh appeal in its continuous action against Ripple is driving the price drop.

The U.S. SEC filed an appeal with the U.S. District Court for the Southern District of NY to challenge the final judgment against Ripple Labs.

Ripple's XRP suffered last week, following the appeal of the SEC. But what is its outlook for this week?

XRP price consolidates above $0.5080, showing potential for recovery if it can break key resistance at $0.5450, but faces the risk of further decline if support levels fail to hold.

The recent crash on October 2 has left the XRP market in turmoil, with prices dipping below $0.5. Following the SEC's latest appeal in the Ripple case, investors are on high alert. Pro-Crypto lawyer Bill Morgan suggests this drop might be the new bottom for XRP, especially after it quickly recovers above $0.54.