XRP, the cryptocurrency and native token of XRP Ledger, has recorded significant price variations in the red zone. However, it bounced off a critical support level of $0.505, climbing from $0.5048 to $0.5230 in early Friday trading before experiencing corrections.

Prominent blockchain tracker Whale Alert, which monitors large cryptocurrency transfers initiated by retail and institutional whales, has spotted two massive crypto transfers that carried almost a billion XRP coins.

XRP, the seventh largest cryptocurrency by market capitalization, has seen an increase in trading volumes over the last 24 hours, skyrocketing by over 40%.

Ripple's Chief Technology Officer, David Schwartz, has addressed the critical importance of XRP within the XRP Ledger (XRPL) amid ongoing discussions about its functionality. In a recent interaction with an XRP enthusiast, Schwartz clarified concerns surrounding whether all transactions on the XRPL require XRP as a gas fee or if other assets could operate independently.

In a riveting turn of events, American blockchain payments company Ripple stole the spotlight on Friday, unlocking nearly 900 million coins from escrow. The massive unlock emerged in tandem with noteworthy lawsuit developments, sparking market discussions over future price action.

Ripple has risen by 0.5% in the past 24 hours, as the SEC acknowledges an application for the US' first ever XRP ETF. The post SEC Acknowledges XRP ETF Proposal – Can Ripple Hit $100? appeared first on Cryptonews.

Bitcoin (BTC) slipped below $70,000 as markets turned bearish after the world's premier cryptocurrency briefly teased a new all-time high earlier in the week. BTC is currently down over 4% and is trading around $69,300.

In the last 30 days, XRP has seen a drop of at least 13.1%. At the beginning of October, the price was at $0.61175. On the last day of October, it touched a low of $0.50877, indicating that the market experienced a 20.24% decline in the month.

The ongoing Ripple vs SEC case has significantly weighed down on XRP's bullish sentiment in the past four years.

This week, we examine Ripple, Binance Coin, Solana, Dogecoin, and Maker in greater detail. Ripple (XRP) The week started well for XRP, but the price action turned bearish on Wednesday, closing the week with a 3% loss.

What about the urgency of the US Court's latest "Alternative Resolution"? How could a similar decision impact Ripple and XRP?

XRP has struggled after the Securities and Exchange Commission appealed a U.S. District Court ruling in favor of XRP in a prior lawsuit.

In a recent episode of the Mr. M podcast, former Ripple executive Matt Hamilton expressed his belief that XRP is on track to surpass Bitcoin and become the leading cryptocurrency. Hamilton highlighted that XRP previously held the top spot in 2018 when its market cap exceeded Bitcoin's and dwarfed Ethereum's.

SEC v Ripple Case: The US Court of Appeals for the Second Circuit issues the first order in the XRP lawsuit. The order came in response to the US Securities and Exchange Commission's requests to the court to set January 15 next year as the deadline for its principal brief.

If the SEC fails to submit its primary brief by the deadline, it will result in an automatic dismissal of the appeal.

In the latest twist in the Ripple vs. SEC case, the Second Circuit Court of Appeals has established a critical deadline, mandating the Securities and Exchange Commission (SEC) to submit its brief by January 15, 2025. Attorney Bill Morgan noted that the consequences of missing this deadline are now well-defined.

The U.S. Court of Appeals for the Second Circuit (2nd Circ.) has ordered a brief on SEC vs.

The United States Court of Appeals for the Second Circuit has ordered the Securities and Exchange Commission to file its brief in its long-lasting case against Ripple before Jan. 15, 2025.

In the ongoing legal battle between the SEC and Ripple regarding XRP, significant developments have emerged. The Second Circuit Court of Appeals has set a deadline for the SEC to submit its brief by January 15, 2025. Attorney Bill Morgan commented on this, noting that the consequences for missing this deadline are now clear.

XRP price is holding the $0.5020 support zone. The price is beating Bitcoin and might aim for a move above the $0.5250 resistance.

On October 31, the United States Court of Appeals for the Second Circuit, held at the Thurgood Marshall US Courthouse in New York, ordered the Securities and Exchange Commission (SEC) to file its brief on or before January 15, 2025.

XRP price outlook hinges on the US Presidential Election as Trump pledges pro-crypto reforms, including firing SEC Chair Gensler.

Ripple co-founder Chris Larsen has voiced his concerns regarding the current state of U.S. policy. In a recent interview with CNBC, Larsen highlighted Vice President Kamala Harris's potential role in reshaping the government's approach to cryptocurrencies, suggesting that her leadership could correct what he perceives as significant errors in President Biden's crypto strategy.

A massive transfer of 31.1 million XRP tokens, worth approximately $15.8 million, was detected moving from an unidentified wallet to the crypto exchange Bitso. This large transaction has caught the attention of the XRP community, as it coincides with critical developments in Ripple's ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).

The one-month look back liquidation heatmap highlighted the $0.54 and $0.57 as sizeable magnetic zones close to XRP.

The cryptocurrency market is buzzing with excitement as Bitcoin (BTC) recently soared above $71,000, marking a potential bull run for many digital assets. However, amid this optimistic landscape, Ripple's token, XRP, is facing some headwinds.

Ripple co-founder Chris Larsen has once again expressed his support for US Vice President Kamala Harris. In a recent CNBC interview, Larsen said he was “really excited” about Harris' economic message.

Ripple (XRP) price is facing bearish conditions as it struggles to hold above key support levels. The price action suggests that sellers are in control, and downward momentum may continue in the short term.

The XLS-40 amendment on the XRP Ledger, which introduces a new standard for Decentralized Identifiers (DIDs), was activated on October 30. Approved by 28 out of 35 validators (85.71%), the amendment went live yesterday.

The cryptocurrency market has recently experienced a notable bullish resurgence, bouncing back from earlier declines. Among the many digital assets, Ripple (XRP) and Cardano (ADA) have garnered attention as they show signs of stability and potential growth.

The last few hours have seen massive liquidations on the cryptocurrency market, with CoinGlass data showing that liquidated positions totaled nearly $50 million in one hour. This is quite a lot, but given the abruptness with which some changes occur on this market, it is not surprising.

A correction has arrived on the crypto market, according to CoinStats.

XRP faces new momentum, with analyst optimism and meme coins on XRPL stirring interest. Could this fuel a major comeback?

A popular crypto analyst discussed the case for one of the most bullish price predictions for Ripple.

XRPL's new DID update gives users control over their digital identity in Web3, making online privacy and security easier.

Speculation is growing among users on X regarding a potential settlement in the ongoing SEC vs. Ripple case, which could clarify the security status of XRP. Despite ongoing legal challenges, XRP's price has remained relatively stable around 52 cents, though it has dropped by about 17% this month. Recent reports have hinted that a U.S.

XRP is getting close to a crucial support level that might increase the likelihood of a decline. Given that it has been among the top 10 worst-performing cryptocurrency assets in recent months, XRP's recent price action raises the possibility of a further decline.

Despite XRP displaying lackluster performance over the past seven or so years, analysts are now suggesting that XRP might outshine Ethereum (ETH) and Bitcoin (BTC) in the upcoming market cycle.

Grayscale's ETF application and rising XRP interest mark a pivotal shift for crypto ETFs, signaling potential for broader crypto adoption.

The Ripple CTO, David Schwartz, has recently voiced that he is enjoying the growing trend of meme coins on the XRP Ledger (XRPL). Just yesterday, the XRPL meme coin, DROP's team reached out to Schwartz, offering him to ‘DROP' a little gift in his wallet as a thank you for creating the XRPL.

Exactly 10 years ago, Ripple-promoted XRP was ranked the industry's second-largest cryptocurrency by market value. As pointed out today by a crypto pundit, XRP held the position just behind the world's largest and oldest crypto, Bitcoin (BTC).

XRP price has been moving steadily within a tight range recently, suggesting a consolidation phase for the digital asset. Following a brief market recovery, Ripple is holding steady, showing signs of another consolidation pattern.

In a new interview, Ripple CTO and XRPL architect David Schwartz shared his thoughts on Ripple's growth strategy and a pretty measured view of traditional banks in the company's future. In particular, Schwartz talked about the limitations of traditional financial institutions.

Ripple co-founder Chris Larsen thinks crypto is about to witness a regulatory “sea change.” In a new interview with CNBC, the Ripple executive chairman argues that Senator Elizabeth Warren's “really misguided war on crypto” ceded leadership in the sector to Singapore and the United Kingdom and failed to protect American consumers from threats like FTX.

The XRP Ledger (XRPL) is evolving quickly, and one of its core amendments is going live on-chain. Dubbed the DID amendment, this upgrade might be a game-changer in defusing the complications around decentralized identities in Web3.

The US SEC has officially confirmed the XRP ETF application from Grayscale Investments

Ripple vs. SEC is heating up, and you know what? XRP isn't backing down. Court drama just adds fuel to the crypto fire and proves the network's worth fighting for.