The clock is ticking for the U.S. Securities and Exchange Commission (SEC) as it approaches a critical deadline regarding its ongoing legal battle with Ripple Labs over the XRP token. With only days left until October 7, 2024, legal experts and crypto enthusiasts are closely watching to see if the SEC will decide to appeal a recent ruling by the U.S. District Court for the Southern District of New York.
"I'm 60/40 rn in favor of seeing an SEC notice of appeal but the stakes are really high for the SEC," Fred Rispoli said.
The recent rally of XRP price beyond the $0.66 mark has sparked optimism in the market, with many anticipating the rally to continue ahead. However, the rally appeared to have been short-lived, as evidenced by the recent price changes in crypto.
A new wave of speculation has swept through the cryptocurrency landscape, thanks to a bold assertion from Crypto Tank, a well-known figure in the XRP community. He has ignited conversations around the possibility of XRP reaching a remarkable $1,000 per token.
The XRP recent price movements have caused a major stir in the crypto market, with the cryptocurrency experiencing a significant price surge and breaking out of crucial resistance levels. Driven by its recent bullish momentum, XRP has succeeded in breaking a key bullish pattern, as a result, a crypto analyst has predicted that it could potentially jump 4X to new highs of $2.6.
The XRP community is currently abuzz with speculation regarding the imminent release of the Ripple stablecoin, RLUSD. Contrary to widespread rumors, Vet (@Vet_X0), a recognized XRPL dUNL validator and co-founder of the leading NFT marketplace on the XRP Ledger “xrp.cafe,” has clarified that the RLUSD will not be fully functional on the XRPL this year.
The ever-evolving world of cryptocurrencies, predictions about soaring prices often capture the imagination of investors and enthusiasts alike. One of the most eye-catching assertions comes from Quincy Jones, a former developer with R3 Corda.
Bitcoin and altcoins are witnessing end-of-month volatility, but traders remain upbeat about October due to the crypto market's history of strong performance in Q4.
XRP, the digital asset associated with Ripple Labs, has recently captured significant attention in the cryptocurrency market, driven by impressive price movements and bullish sentiment among traders and analysts. As of September 30, 2024, XRP has successfully cleared a critical resistance level, trading around $0.6438 after gaining over 12.44% from a Friday close of $0.
Ripple XRP has surpassed key resistance levels, driven by significant whale accumulation.
The cryptocurrency market continues to evolve, XRP remains a focal point for traders and analysts alike. Recently, leading economist Market Maestro has highlighted that XRP is still confined within a six-year symmetrical triangle, a formation that has characterized its price movement since the cryptocurrency reached an all-time high of $3.31 in January 2018.
There's growing speculation that the U.S. Securities and Exchange Commission (SEC) is preparing to appeal the recent ruling in the Ripple lawsuit concerning XRP. This comes after Judge Analisa Torres ruled in favor of Ripple, stating that XRP is not a security when sold to retail investors.
A new week has started with a market correction, according to CoinStats.
The Ripple SEC case has gained notable traction recently with anticipation soaring as the deadline nears for the US SEC's potential appeal. Many in the crypto community are expecting a last-minute appeal by the agency in the XRP lawsuit, which could further extend the long-running legal battle in the digital assets' space.
Ripple, a major crypto company based in San Francisco, has finally broken its silence regarding its upcoming digital asset innovation - Ripple USD, or RLUSD stablecoin. As the crypto payments and remittances provider remained silent about the innovation, the crypto space began to be filled with different types of news, opinions and insights, many of which lacked substance.
Quincy Jones, a software developer at the XDC Foundation, made some astonishing predictions about the potential future value of XRP. He speculated that the token could reach extraordinary price points, including $100,000 or even $1,000,000, depending largely on the volume of assets issued on its network.
In a riveting turn of events, Ripple whales have once again garnered significant attention, moving 47 million XRP ahead of the U.S. SEC's appeal in the final stages of the lawsuit. The massive accumulations have set off optimistic waves for the token's future price action, with speculations of an appeal by the regulatory body rising
XRP has been hovering near $0.6351, down slightly by 0.95% for the day. The coin is testing a resistance level near $0.6548, and a breakout above this could signal further gains.
September is ending today, with many analysts previewing digital currencies' past and future performances, like XRP's. Unlike August, XRP ended September on a very bullish note.
Ripple's price is finally showing bullish momentum on the USDT and BTC pairs as it has taken out significant resistance levels. Yet, there's still much work to do.
XRP's gains of 36.83% this quarter is its highest quarterly rise since Q1 2023.
Internet Computer and Filecoin posted the steepest losses, down more than 6%.
XRP, the digital asset associated with the Ripple network, is experiencing a notable surge in price today. Currently trading at approximately $0.6515, XRP has outperformed the broader cryptocurrency market, rising 1.5% in the past 24 hours.
XRP price gained pace and was able to clear the $0.600 resistance. The price is up over 10% and is now consolidating gains near $0.6450.
Story Highlights The live price of the Ripple token is . The XRP price could reach a maximum of $1 in 2024. Ripple price with a potential surge, may reach a high of $4.89 by 2030.
TL;DR Rapid Minting: Ripple Labs has minted 1.7 million RLUSD tokens in just two days, signaling an imminent launch of their USD-pegged stablecoin. Regulatory Approval: Ripple is awaiting SEC approval for RLUSD, with CEO Brad Garlinghouse expecting public availability in the coming weeks.
The community of XRP-friendly centralized exchange Bitrue shared its opinions on price targets for XRP cryptocurrency. While the majority of commentators posted ridiculous super-bullish predictions, the voices of bears can also be heard.
Another Monday brings a new weekly digital asset fund flows report from CoinShares, which tracks the movement of capital between cryptocurrency-focused exchange-traded products and funds. This week was particularly interesting, as it was revealed that the XRP-focused financial vehicles saw a staggering 800% increase in inflows over a week.
Crypto expert Ben Armstrong, aka “BitBoy Crypto,” highlights 8 key cryptocurrencies to watch during this bull season, targeting a potential $16 trillion market. He stressed that consistency is important, but being open to new data and volatile market trends sets successful traders apart from those stuck in the past.
Lately, XRP has been grabbing attention with its rapid price increases and big moves in the market. On Sept. 29, it climbed from $0.5857 to $0.6328 in just a day. What's even more impressive is how its trading volume shot up to $2.2 billion on Sept.
XRP, the seventh largest cryptocurrency by market capitalization, has recently seen huge accumulation from large holders known as "whales." According to crypto analyst Ali Martinez, these whales have purchased over 470 million XRP in the past 10 days.
With its focus fixed on RLUSD stablecoin, Ripple Labs may soon launch the token as testing enters advanced stages.
Set to be a major development in Ripple's ecosystem, the launch of Ripple USD (RLUSD), pegged to the U.S. dollar, was widely expected this year. Both XRP Ledger (XRPL) and Ethereum were originally planned as its launching platforms.
Bitcoin (BTC) dipped below the $65,000 level early today after registering a drop of almost 2.50% over the past 24 hours and is currently trading just below the $65,000 mark. Spot Bitcoin ETFs also registered a surge in inflows, attracting around $449 million, fueling even further demand as speculation about a rate cut and soft US landing bets.
XRP price rose 13.45% in 48 hours, to a 6-month peak of $0.66 on Sept 29, an upcoming stablecoin launch and CZ's early prison release among key catalysts.
Ripple has made significant investments in the XRP market to improve its liquidity and real-world utility following the closure of the SEC-led lawsuit.
As we approach October, often referred to as ‘Uptober' in the crypto space for its historically strong market performance, all eyes are on XRP.
XRP price could hit $100, $100K, or even $1M, according to ex-R3 Corda developer Quincy Jones in a 2021 video. Jones explains how this unrealistic price target could become a reality due to the nature of XRP, which is a “financial instrument of liquidity.
Ripple (XRP) defies market trends, as only XRP price surges amidst the market downturn. Will the SEC Spoil this XRP price rally?
John Deaton, a well-known attorney and advocate for cryptocurrency, has taken a strong stance against a Federal Reserve-issued central bank digital currency (CBDC) as he campaigns for a U.S. Senate seat in Massachusetts, according to a recent report by Josh O'Sullivan for Cointelegraph.
Ripple is making bold moves in the stablecoin sector, rapidly minting its RLUSD stablecoin and signaling a potential market launch. This strategic leap forward raises questions about its competitive positioning against established players like Tether. With 800,000 tokens created, the race to challenge Tether heats up.
XRP price was largely considered dead as it barely moved regardless of the market dynamics, which varied frequently. The drop in volume and volatility often suggested a significant shift of focus of the market participants onto the other platforms.
This trust is for accredited investors who want exposure to XRP, the digital asset that powers the XRP Ledger. The XRP Ledger is a distributed network that helps people send money across borders quickly and at a low cost.
XRP's price rose 1.5% in 24 hours, accompanied by a 133% increase in weekly trading volume, outperforming the broader crypto market despite ongoing market volatility.
The improvement in broader market sentiment observed over the past month has been favorable to Ripple's XRP. Over the past 30 days, the altcoin's price has grown by 14%, causing it to break above along-standing symmetrical triangle pattern for the first time since 2020.
Ahead of the highly anticipated crypto bullish breakout in the fourth quarter, Ripple Labs-backed XRP has signaled an early exit from macro consolidation. The large-cap altcoin, used by Ripple to streamline cross-border payments, has attracted more attention from speculative investors, more so institutional traders seeking to diversify into the crypto space.
XRP bulls were dominant, but this could be short-lived if the long-term range highs at $0.71 rebuff the buyers once again.