Institutional interest and new XRP ETF filings signal a potential breakout for XRP—is a major price rally on the horizon?
Ripple's XRP has recently displayed resilience despite ongoing regulatory pressures. The token faced an 18% drop earlier in October due to renewed legal uncertainties with the U.S. Securities and Exchange Commission (SEC).
Ripple's renewed legal clash with the SEC leaves XRP traders questioning the lawsuit's end and the token's stagnant price.
Ripple's CEO Brad Garlinghouse and executive chairman Chris Larsen have come under fire for their decision to settle part of the charges brought against them by the U.S. Securities and Exchange Commission (SEC). Legal expert Fred Rispoli has voiced strong criticism, arguing that Ripple forfeited a crucial opportunity to fight the SEC in court, particularly regarding the “aiding and abetting” claims.
The ongoing saga between Ripple and the U.S. Securities and Exchange Commission (SEC) continues to capture attention, particularly after the company's recent settlement with the regulatory agency. Legal experts are now voicing their concerns, claiming that Ripple executives, including CEO Brad Garling house and executive chairman Chris Larsen, have potentially missed a significant opportunity to mount a comprehensive defense against the SEC's charges.
In today's edition of the weekly recap: Bitcoin ETFs enjoy a resurgence; Donald Trump's World Liberty Financial undersells; and Ripple provides updates on a new stablecoin.
XRP has gone through a discouraging phase of rejection, failing to overcome a critical resistance level six times in a row. Every attempt to push higher has been met with resistance in the price action, making it difficult for XRP to build any bullish momentum.
Renowned crypto analyst, ‘Egrag Crypto' took to X (formerly Twitter) to unveil three critical price targets for XRP in this bull cycle. Despite XRP price experiencing persistent stagnation, the analyst has projected a major price increase as high as 4,800% for the popular cryptocurrency.
Pro-Ripple lawyer John Deaton came out to defend XRP during a heated debate with Massachusetts Senator Elizabeth Warren. During the debate, Deaton defended his role in representing Ripple against the lawsuit filed by the US Securities and Exchange Commission (SEC), saying he wanted to protect retail investors.
Uncertainty over SEC's Ripple case appeal drives XRP lower. Market awaits legal developments that may impact XRP listings and adoption.
The crypto market concludes another week with remarkable developments unfolding across the broader sector. Against the backdrop of an ‘uptober' rally sentiment, Bitcoin (BTC) closed the week at the $68K level, whereas the meme coins sector stole the spotlight with attention-nabbing gains.
Ripple's legal chief has reaffirmed that the core ruling declaring XRP not a security remains intact despite the appeal by the U.S. Securities and Exchange Commission (SEC). The regulator's move challenges several other aspects of the July 2023 ruling regarding XRP.
XRP might soon see a reversal of fortunes on the price charts.
Brad Garlinghouse, CEO of Ripple, a payments and cryptocurrency service provider, has praised the state of cryptocurrency regulation in Brazil, one of the largest crypto markets in Latam. In an interview with Valor Economico, Garlinghouse highlighted the central bank's work to make Brazil an enticing destiny for crypto companies.
Ripple's XRP is trading at approximately $0.5503, with a market cap of around $31.2 billion and a trading volume of $1.18 billion. The asset has faced some challenges recently, particularly following the SEC's appeal regarding a 2023 ruling that classified XRP as a non-security.
Earlier this month, Ripple's (XRP) price dropped by 18% within three days. Since October 3, however, the token has stabilized, trading between $0.52 and $0.55.
Just like in other bull years, the cryptocurrency market is becoming more active in the final quarters, and the key players are gearing up for massive profits. Crypto whales are patiently stacking altcoins that are primed for a massive rally. The top altcoins on their list are Ripple (XRP), Binance Coin (BNB), and DTX Exchange.
Ripple's legal battle with the SEC and macroeconomic conditions like interest rate hikes are shaping XRP's uncertain future.
An XRP news event might be required to catalyze a true breakout.
Ripple CEO Brad Garlinghouse shared his excitement over the recent XRP ETF filings, expressing confidence that these products could attract significant investment into the XRP ecosystem. The news comes after both Bitwise and Canary Capital filed for XRP ETFs, sparking interest in the crypto community.
In the legal battle between Ripple and the United States Securities and Exchange Commission, the SEC has filed the Civil Appeal Pre-Argument Statement (Form C) with attachments this week.
Bitcoin continues to capture the attention of investors worldwide, its price movements hold significant sway over the entire cryptocurrency market. Recently, a prominent analyst has set an ambitious price target for XRP, contingent on Bitcoin reaching $80,000 within the next three months.
XRP experienced a decline of nearly 2% in just 24 hours. Indeed, it is the strategic movements of whales that are shaking the market.
The cryptocurrency market has jumped 0.92% in the past 24 hours and is currently valued at $2.34 Trillion. With this, top projects have gained significant valuation to their respective portfolios this week especially top projects such as Bitcoin, Ethereum, and Ripple.
XRP continued to trade in a tight consolidation pattern on Saturday, hovering around $0.54. Over the past three weeks, XRP has been range-bound, mostly trading between support at $0.52 and resistance near $0.56.
Legal struggle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs is heating up once again. The SEC has officially filed an appeal against a pivotal ruling by Judge Analisa Torres, reigniting discussions on whether XRP sales on cryptocurrency exchanges qualify as securities.
XRP's recent price action suggests that we might be on the brink of a breakout. Historical patterns indicate that XRP tends to rally following Bitcoin's price movements. Current market conditions show that XRP has not yet peaked, as significant volume is building, hinting at strong demand.
XRP holders have received a wave of positive news after the U.S. Securities and Exchange Commission (SEC) revealed its decision not to challenge XRP's legal status as part of its ongoing appeal in the Ripple case. This move signals a small victory for Ripple and its supporters, as the cryptocurrency's classification as “not a security” remains intact.
The argument that XRP is a security remains in the ecosystem despite the clear stance of the Court on the subject. In July 2023, Judge Analisa Torres ruled that XRP is not a security when traded on secondary marketplaces.
Magnetic X, a rapidly emerging decentralized exchange built on the XRP Ledger, recently fended off a significant distributed denial of service (DDoS) attack. The attack aimed to disrupt services by inundating the platform with a barrage of requests.
Speculation about an XRP ETF approval has intensified after Bitwise updated its filing, raising hopes for a broader cryptocurrency market surge.
Cryptocurrency Market Overview: The global cryptocurrency market saw a modest rise this week, with the total market cap increasing by 0.64% to $2.34 trillion. Despite this growth, 24-hour trading volume dropped by a significant 16.82%.
Ripple vs SEC battle extends to the end of 2025 as the US Securities and Exchange Commission (SEC) decides to appeal district court rulings. Ripple plans to cross-appeal the arguments by the regulatory agency as it continues to threaten the crypto industry with regulation by enforcement approach.
The crypto market participants are anticipating the impact of Ripple's RLUSD stablecoin launch on XRP price. Some speculate that this could push XRP to $2, others suggest $1 is a reasonable target.
Here's what may drive XRP to a three-year high of $1 (according to ChatGPT).
The SEC recently filed its Form C, appealing a court ruling regarding Ripple's XRP sales. The appeal focuses on three key points: the sale of XRP through exchanges, Ripple's distribution of XRP to employees, and the sales made by executives Brad Garlinghouse and Chris Larsen.
The SEC has shared details about its appeal in the Ripple XRP lawsuit, confirming its intention to challenge a recent court decision. They filed a Form C on October 16, but there's some confusion because the court's stamp on the document shows it was filed on October 17.
The year 2024 will go down in history as the moment when Bitcoin and Ethereum exchange-traded funds (ETFs) finally launched, transforming the crypto landscape. Eleven Bitcoin spot ETFs were approved in January, a huge leap after years of futures-based products that started trading in 2021.
SEC's Ripple case appeal stirs uncertainty as XRP trails behind broader crypto gains, climbing 2.76% this week.
XRP holds below $0.55 as SEC appeal looms, leaving investors cautious about market trends and potential ETF delays.
XRP, the cryptocurrency developed by Ripple, has long been the subject of heated discussions within the crypto community. Recently, these discussions took a bold turn when well-known crypto commentator Drewski urged XRP enthusiasts to “manifest” the coin reaching the remarkable price of $1,000.
XRP has just been made accessible for direct purchase and management on MoonPay.
Lawyer Fred Rispoli has openly criticized Ripple's CEO, Brad Garlinghouse, and executive chairman, Chris Larsen, for settling part of the SEC's charges instead of fighting them all in court. He believes they missed a big chance to fully defend themselves, especially against the “aiding and abetting” claims.
DeFi ecosystem expert has given an eye-opening investment alert that could help you make millions of dollars if you take early action. This expert has predicted the ETFSwap (ETFS) price to make a meteoric 20,700% rally from its current presale price of $0.03846 to $8 in the coming crypto market cycles.
Fred Rispoli, a lawyer in the Ripple vs SEC case, has criticized Brad Garlinghouse and Chris Larsen for agreeing to drop only some of the charges that the U.S. Securities and Exchange Commission (SEC) has leveled against them. According to Rispoli, the executives should have sought for the dismissal of all the charges instead of
A prominent crypto analyst has sparked a thought-provoking debate on social media platform X, suggesting that the Dogecoin price may mirror XRP's performance during the previous bull market. While most major cryptocurrencies surged to new all-time highs in the 2021 bull run, XRP struggled to break past its previous peak.
A crypto analyst opined that XRP's price "is likely to fluctuate between $0.50 and $0.80" for the rest of 2024 with strong emphasis on regulatory developments.