XRP (XRP -0.81%) has been the best-performing major cryptocurrency over the last six months. Its token price has risen 430% across the stretch, and the cryptocurrency now has a total market capitalization of $183 billion.
A surprising twist within the crypto market has seen TRUMP token trading volume surpass XRP, with a massive price correction. This behavior of the market in a very unpredictable manner points to the fact that the crypto space is quite unpredictable and that speculative tokens often see tremendous trading activity swings, even as their prices plummet.
Going forward, as Ripple (XRP) captures a lot of attention, Rexas Finance (RXS), Shiba Inu (SHIB), Bonk (BONK), and PEPE are some of the cryptocurrencies flying under the radar and are expected to perform well in 2025.
Ripple has continued its strong bull run this year, outperforming other popular cryptocurrencies like Bitcoin and Ethereum. Ripple (XRP) has surged by over 52% in 2024, while Bitcoin is up by just 11%.
With the imminent introduction of XRP and SOL futures contracts by the Chicago Mercantile Exchange (CME), the landscape of cryptocurrency investment is set to undergo a revolution. Get ready to discover what these developments mean.
The Ripple ecosystem is no stranger to innovation, but a recent event has added urgency to upcoming developments. Ripple USD (RLUSD), Ripple's stablecoin launched in December 2024, unexpectedly strayed from its 1:1 peg to the U.S. dollar.
Better Markets, a non-profit organization focused on supporting financial reforms, has voiced its support for the US Securities and Exchange Commission (SEC) in its appeal case against Ripple and XRP.
Two venerable cryptocurrencies that have experienced outstanding increases in their respective breakout years are Ripple (XRP) and Bitcoin (BTC). In 2017, XRP surged an incredible 12,732%, jumping from $0.00302 to $0.4018, while BTC shot 7,698%, from $15 to $1,484. Rexas Finance (RXS), a recently launched coin valued at just $0.
Longweights in the crypto market, Solana (SOL), and Ripple (XRP) rule headlines and attract investor attention. XRP has increased an amazing 498.18% over the past ninety days, while SOL rose 51.89%. These developments mirror the promise of existing cryptocurrencies, but the crypto market is large, and new competitors are continuously arising.
De recente speculaties rond de Ripple vs. SEC-zaak hebben de XRP-koers opnieuw in beweging gebracht.
CME's denial of XRP futures contradicts the optimism seen earlier this month, as technicals point to weakening of the uptrend.
XRP is currently navigating a pivotal phase, trading within a well-defined consolidation range of $2.9 to $3.4. This narrow band reflects a balanced struggle between bullish optimism and bearish caution as neither side has yet mustered the strength to trigger a decisive price movement.
In today's crypto news: Bank of America's Crypto Stance: CEO Brian Moynihan stated that banks are ready to adopt crypto for transactions, but only with clear regulations. He sees digital assets as an additional payment method, not a threat to the U.S. dollar.
Ripple's price has been rallying aggressively since November last year as it managed to match its 2018 all-time high. However, it failed to break above it and is currently struggling to continue higher.
The legal dispute between Ripple Labs, Inc. and the US Securities and Exchange Commission (SEC) witnessed a surprising development as Better Markets, Inc., a prominent nonprofit dedicated to promoting public interest in financial markets, filed an amicus curiae brief on January 22.
XRP's 550% price rally since Nov. 5 has seen it break out of a symmetrical triangle, with a profit target above $15. Will a potential launch of XRP futures help?
Futures and cryptocurrencies: why have XRP and SOL attracted attention?
Ripple Labs' president, Monica Long, is expected to unveil the company's strategic goals for 2025 in an upcoming interview on X space dubbed XRP Community Day. The event is scheduled for January 29.
XRP is down by nearly 5% over the last 24-hour period to seemingly move to retest the $3 mark in a drawdown that's coming after it briefly saw its total market capitalization surpass that of Wall Street giant Goldman Sachs.
The Chicago Mercantile Exchange (CME) Group denied plans to launch futures contracts for Ripple's XRP or Solana (SOL) after a beta page mistakenly went public.
The U.S. Securities and Exchange Commission (SEC) is set to hold its first closed meeting under Acting Chair Mark Uyeda this Thursday, marking a key moment in the ongoing regulatory oversight of the cryptocurrency space. The meeting will involve SEC commissioners, the counsel to the commissioners, the commission's secretary, and recording secretaries.
The long-running legal tussle between Ripple and the US Securities and Exchange Commission (SEC) got another twist. A non-profit, Better Markets filed an amicus brief urging the Second Circuit to overturn the 2023 Ripple case ruling.
In a recently published tweet, Monica Long, Ripple president, teased her upcoming speech during the XRP Community Day that is scheduled for Jan. 28-29 this year.
The cryptocurrency market is currently experiencing heightened volatility, and XRP, the native token of Ripple Labs, is at the center of attention. With the market sentiment shifting toward a bullish outlook for XRP, short sellers may soon be in trouble, as on-chain data points to a possible price reversal.
XRP has witnessed a notable rally in the past week, climbing by 35%. The altcoin currently trades at $3.10, slightly below its all-time high of $3.41.
John Deaton, the notorious Ripple token amicus brief lawyer, warned against meme coins on a recent crypto podcast with a focus on XRP. However, they may have some benefits for the token economy.
The crypto market witnessed a selloff as bullish sentiment regarding Donald Trump's inauguration faded. The global market cap tumbled over 3% to $3.52 trillion, with trading volume tanking 25% over the last 24 hours.
Could ETF approval speculation and healthy market trigger another new high for XRP?
CME and the demand for regulated instruments for crypto trading
The cryptocurrency market has been awaiting positive moves on its charts, as investors and traders anticipate concrete implementations of the digital assets infrastructure by the Trump government. After the success of Bitcoin and Ethereum ETFs, the business now expects Solana and XRP ETFs.
President Donald Trump's “Make America Great Again” slogan has dominated his presidential campaign. However, his recent speech disappointed many crypto fans as there was no mention of a Bitcoin Reserve or even a reference to crypto.
Market speculation and volatility may increase as investors anticipate potential new futures offerings, impacting XRP and Solana's market dynamics. The post CME Group clarifies no official decision made on XRP, Solana futures contracts appeared first on Crypto Briefing.
XRP trades at $3.10 in January 2025, approaching its all-time high amid multiple bullish analyst predictions ranging from $3.80 to $30
In a significant development for the broader cryptocurrency market and ongoing digital asset adoption in the US and globally, the Chicago Mercantile Exchange (CME), the world's largest derivatives marketplace, briefly added a futures page for XRP and Solana (SOL) to its staging subdomain.
XRP is at a crucial juncture, with its price either poised for a massive breakout or possibly marking the end of an internal corrective rally. The scenario could play out in two ways: a bullish continuation to the upside or a corrective pullback.
The Chicago Mercantile Exchange (CME) Group has clarified that no official decision has been made regarding the launch of futures contracts for Solana (SOL) and XRP (XRP).
CME Group's staging website revealed plans for a February 10 launch of XRP and Solana futures contracts with both standard and micro sizes, though the exchange has not officially confirmed the information.
XRP maintains $3 support level amid exchange outflows and approaching CME futures listing
Washington-based non-profit Better Markets, which is focused on promoting "public interests" in financial markets, has filed an amicus brief in support of the U.S. Securities and Exchange's appeal against Ripple.
Better Markets has filed an amicus brief supporting the SEC's appeal against Ripple Labs, arguing that retail XRP sales qualify as securities under the Howey Test
The non-profit has backed the SEC's appeal against Ripple, seeking to overturn a key district court ruling.
The CME Group is reportedly gearing up to launch Futures ETFs tied to XRP and Solana, with a tentative release date of February 10, 2024, pending regulatory approval. This came just after Trump's inauguration and Ripple's closed-door meeting held this month the factors are hinting something bigger is on the way.
Former Ripple director Sean McBride recently weighed in on the ongoing Ripple-SEC case, suggesting that a resolution could come soon. When asked if he thought the SEC would settle with Ripple soon, McBride responded on social media, stating that the case should either be dismissed or settled within the week.
Cryptocurrency enthusiasts and investors have been buzzing about XRP's potential to reach new price heights, with some predicting that the digital asset could soon enter double-digit territory. According to highly regarded crypto analyst “CasiTrades,” the path ahead for XRP is looking increasingly promising, with little resistance standing between the current price and potential all-time highs.
XRP price struggled to continue higher above the $3.30 level. The price is now correcting gains and might find bids near the $3.00 level.
After a leaked page detailed Solana and XRP futures on CME, a spokesperson confirmed that it was an early mock-up and no official plans have been finalized yet.
In the ongoing legal battle between the SEC and Ripple, a new development has emerged. Better Markets Inc., a nonprofit organization, has filed an amicus brief in support of the SEC.