XRP, the cryptocurrency linked to Ripple, is capturing the market's attention with increasing whale activity and promising on-chain metrics, discussions about its potential for a breakout. Despite experiencing a slight dip in price, recent developments suggest that XRP may be gearing up for a significant upward movement, with traders and investors keenly monitoring the situation.
Bitcoin's break above $65,000 and solid buying in-the-spot BTC ETFs have traders convinced that the bull market is back in full swing.
Bitcoin's price crossed above the $66,000 on Friday, reaching highs of $66,400 across major exchanges. While bulls failed to extend gains during the US trading session, which had BTC flipping to around $65,789, sentiment remained bullish going into the weekend. Here's an outlook for Ripple's XRP, Maker (MKR) and Notcoin (NOT).
Solana which entered the crypto space being one of the tough competitors of Ethereum is often compared and equated with the other chains like SUI or SEI. These tokens have gained enough attention from the market participants as they surged over 150% in very little time.
The XRP price showed a neutral candle formation for over a week, struggling to surpass the multi-year resistance. This consolidation displaying multiple short-bodied candles with long wicks indicates a lack of initiation from buyers or sellers.
Ripple (XRP) price consolidated below $0.59 over the past week, key indicators show bull traders deploying higher leverage to front-run a potential $0.65 breakout.
Grayscale has recently revealed it's for the top 20 crypto picks, excluding XRP, which have sparked discussions in the broader crypto market. Notably, this comes just after the leading investment firm announced the XRP Trust, which sparked a rally in the crypto's price earlier this month.
XRP has struggled to keep pace with the broader crypto market rally that began last week following the Federal Reserve's interest rate cut. While other cryptocurrencies have seen impressive gains, XRP has only managed a modest 2% increase.
With an October deadline approaching, the SEC may challenge a court ruling that could reshape cryptocurrency regulation and Ripple's future.
In a splendid move, the Bitcoin price soared above $64,000, suggesting the bullish action may have begun. While the other altcoins have already broken their respective resistances, including Cardano (ADA), the XRP price is failing to surpass the levels at $0.6.
TL;DR Celestia (TIA) will unlock $1.1 billion worth of tokens on October 31, making it one of the most significant launches of the month. Cheelee will also be performing a significant $300 million unlock on October 10, although it is facing market stability issues following recent price fluctuations.
The Ripple-SEC legal saga took the cryptosphere by storm, with the court ruling last month sparking further speculations and debate. Ripple was ordered to shell out $125 million for breaking securities laws in institutional sale transactions.
Bybit, the second-largest cryptocurrency exchange by trading volume, currently has more open interest on its XRP futures market than Binance, the largest exchange by trading volume. This development comes amid the crypto exchange's recent expansion to the Kazakhstan market, having gained full license to provide crypto trading services in the country.
XRP has had difficulty gaining any real momentum as it gets closer to the point where its chart displays a symmetrical triangle pattern. This consolidation usually portends a possible breakout, but XRP has not shown any increase in volatility and has instead remained largely stable.
Ripple CEO Brad Garlinghouse and cofounder Chris Larsen are set to appear at the eighth annual fintech conference hosted by the Federal Reserve Bank of Philadelphia. It will take place on Oct. 22 and Oct. 23.
XRP whales have intensified their market activities with a massive transfer of 40 million XRP tokens, valued at around $23.3 million, from Bybit to a private wallet. This significant movement, reported by the crypto tracking service Whale Alert, highlights a growing trend among XRP whales.
XRP, the digital asset associated with the Ripple network, is currently making waves in the cryptocurrency market, particularly after market analyst EGRAG identified a potential “Nike Swoosh” pattern on its monthly chart. This analysis has renewed interest among investors, as it suggests that XRP could surge to an astonishing price of $13.
XRP formed a golden cross on its short-term charts about a week ago. This technical indicator usually signals the potential for a price rally.
The release of Celestia's $1.1B tokens is just one part of the massive token unlock wave coming in October.
In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), a new perspective has emerged regarding the SEC's stance on XRP. A former SEC attorney has predicted the SEC will likely appeal the July 2023 court ruling, which declared XRP's secondary sales as non-securities.
Over the past 24 hours, the XRP price has held steady after some slight fluctuations, up 0.08%.
Top lawyer says the SEC's potential appeal is a complete waste of taxpayer money.
The looming token unlock will raise concerns about prices?
By Oct. 7, the chances of appealing the Ripple Labs lawsuit by the U.S. Securities and Exchange Commission (SEC) will go out the window. In line with these, many legal experts, including John Deaton, have shared hot takes on what to expect from the regulator.
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) over XRP has been one of the most important cases in the cryptocurrency industry. As the case reached its conclusion in August 2023, attention has shifted to whether the SEC will appeal the decision before the October deadline.
The cryptocurrency market is abuzz with activity as three notable coins—Shiba Inu (SHIB), XRP, and Solana (SOL)—navigate distinct paths that could shape their futures. After a prolonged period of uncertainty, Shiba Inu is finally showing signs of a bullish trend.
The crypto market has surged this week, with signals of a potential rally in the coming days. The market's bellwether, Bitcoin is near two-month highs and the rest of the crypto assets have tagged along.
The crypto market has rallied this week, with big gains by SHIB and Solana Prices. XRP is a black sheep, but it fits in the top crypto too.
XRP could jump to as high as $0.75 in October if this prediction comes to fruition.
The crypto market has been rallying up since last week, and the XRP community is also awaiting major price gains. Consequently, XRP whales have started to stun the market with their epic moves and strategic market shifts.
This week, we examine Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin in greater detail. Ethereum (ETH) Ethereum closed another good week with a 4% price increase.
The crypto market has been booming lately, and investors are looking at XRP alternatives to ride and convert their $1 into $1000. The Ripple RLUSD stablecoin is expected to launch by the end of September, in line Ripple CEO Brad Garlinghouse's comments, “in weeks, not months” at the beginning of the month.
As the crypto market gears up for its traditional “Uptober” surge, XRP's participation remains uncertain. The threat of an SEC appeal against the July 2023 ruling in favor of Ripple could result in a double-digit decline in XRP's price.
BTC's move past $65,000 comes just ahead of the expiry of over $5.8 billion in options contracts, which analysts believe could increase volatility in the crypto markets. The jump seems to be driven primarily by monetary stimulus in the US and China, which led to crypto markets registering a substantial jump.
On October 31st, Celestia will release tokens worth a whopping $1.1 billion. Additionally, $300 million in Cheelee tokens will be available starting on October 31st.
Ripple CTO David Schwartz raised concerns about the SEC's broad regulatory approach to digital assets, warning of potential consequences for Ripple and the wider cryptocurrency space.
Eleanor Terrett, a Fox Business journalist, recently shared that the SEC might appeal the 2023 ruling on the Ripple's XRP programmatic sales.
Celestia tokens worth $1.1 billion will be unlocked on Oct. 31, while $300 million in Cheelee tokens will be released on Oct. 10.
According to Fox Business reporter Eleanor Terrett, a former SEC lawyer has predicted that the agency will end up appealing the Ripple case.
"A former SEC lawyer who recently left the agency tells me the SEC will "probably" appeal Judge Torres's July 2023 ruling," one journalist stated.
The US Securities and Exchange Commission (SEC) is likely to appeal against the court's July 13 decision in the Ripple case.
TIA has outperformed the CoinDesk 20 Index by a wide margin.
The longest Lawsuit in crypto space, SEC vs Ripple is not getting closed if the SEC makes an appeal in the next 10 days. The court in its July 2023 ruling has declared that not all sales of XRP were securities.
XRP's price action has captured the attention of traders and investors alike. After a period of notable volatility, XRP appears to have settled into a sideways trading pattern, prompting many to wonder what the near future holds for this prominent cryptocurrency.
XRP price again struggled to clear the $0.600 resistance and declined. The price is now testing the $0.5840 support and might continue to consolidate.
The potential for the U.S. Securities and Exchange Commission (SEC) to appeal in the Ripple vs. SEC case is being discussed widely, with speculation that an appeal might drag the lawsuit into 2025. The SEC has accused Ripple of selling XRP as an unregistered security, while Ripple argues that XRP is not a security.
In August, Ripple's long-running legal battle over XRP saw a major development. However, with the U.S. Securities and Exchange Commission (SEC) likely to appeal, a new chapter may begin. Former SEC attorneys shared details into the agency's potential appeal strategy, focusing on programmatic sales and their classification as unregistered securities.