According to the recent CoinShares report, last week, institutional investors increased their bet on XRP, while withdrawing funds from ADA and the second largest cryptocurrency, Ethereum. The report was shared on the X platform by Chinese cryptocurrency blogger and journalist Colin Wu on his personal page.
The performance of digital assets shocked market watchers as different products witnessed a significant second week of positive inflows. The crypto space recorded a massive $321 million to stay green at the close of trading.
In the last seven days, the crypto market had quite a boost, causing most cryptos to rise in value, including the Ripple token, XRP. This uptrend has pushed the global market cap to $2.22 Trillion and the volume of trades to $72.
The XRP price chart is displaying a familiar historical pattern that previously led to a massive 650X price surge. This pattern, known as the Bollinger Bands, is often used to predict the price movements of a cryptocurrency.
Ripple, the cross-border payment remittance firm, recently revealed its plans for launching the Ripple USD (RUSD) stablecoin. The stablecoin plans to connect global financial firms and institutions and enable cross-border payments through its stablecoin on the XRP Ledger (XRPL) and the Ethereum mainnet.
XRP, the seventh largest cryptocurrency by market capitalization, recently formed a golden cross on its short-term charts — a technical indicator that often signals the potential for a price rally. The market is watching closely to see if this development could lead to a significant upward movement in XRP's price.
XRP, the digital token closely tied to Ripple, has recently failed to maintain its footing above a critical $0.60 price level. This drop has left many investors and crypto enthusiasts wondering if this is a sign of deeper issues for the token, or merely a short-term fluctuation.
The XRP price is still moving sideways, but whales have started to defy all the odds with huge moves. The broader crypto market has slightly recovered after the recent rate cuts by the U.S. Federal Reserve.
The XRP price has fallen by 1% in the past 24 hours, with its dip to $0.5881 coming after it retreated from the $0.6044 resistance level this morning.
For the past few months, the crypto community, and especially XRP enthusiasts, have been eagerly awaiting the launch of Ripple's stablecoin, RLUSD. According to recent reports, including from the crypto company's CEO Brad Garlinghouse, the launch of the new digital counterpart to the dollar could take place in just a few weeks.
Ripple's long-standing legal battle with the U.S. Securities and Exchange Commission (SEC) has taken a surprising turn, with prominent crypto lawyer John Deaton alleging serious misconduct by the SEC's legal team. The case, which ended with Ripple settling for $25 million, could have major implications for both Ripple and the entire cryptocurrency industry.
Solana (SOL) has been inching upwards, currently trading at $145.41 after a modest gain of 0.53%. The bulls are aiming for a push toward $151.39, which is the next significant resistance level.
With the deadline for the SEC's appeal fast approaching, there's growing anticipation around Ripple's legal battle and how it could impact the broader market. By October 7, 2024, the SEC must decide whether to appeal the recent ruling in Ripple's favor, a decision that's being closely monitored by investors and legal experts alike.
Bitcoin (BTC) is inching towards the $65,000 mark after it jumped past $63,000 early on Monday. The world's largest cryptocurrency has been up over 2% in the past 24 hours and has risen almost 10% over the past week.
"Don't sleep, millions can be made timing this move," one popular crypto enthusiast argued.
The SEC is considering a last-minute appeal in its lawsuit against Ripple over XRP, causing tension in the crypto community and affecting XRP's price, while the outcome could impact future cryptocurrency regulation.
Crypto analyst Egrag Crypto has provided a bullish outlook for XRP price, predicting it could rise between $24 and $31. The analyst highlighted these price targets based on his Elliot Wave analysis, which showed that XRP could even surge to as high as $40.
Ripple co-founder Chris Larsen's transfer of 70 million XRP coincided with a 5% price drop, sparking speculation and market analysis.
Ripple's legal victory over the SEC in 2024 boosted market confidence. XRP was declared a non-security in secondary market trades, giving the crypto industry much-needed regulatory clarity.
Does the MDIA outweigh the short-term bearish signals from the other on-chain metrics?
XRP, the Ripple-affiliated token, has failed to hold above the pivotal $0.60 level.
An XRP wallet which likely belongs to Chris Larsen, one of the largest holders of XRP, has made another notable transaction in what looks like a preparation for a selloff.
Ripple's long legal battle with the SEC ended with mixed results. Ripple settled the XRP security case for $25 million instead of $2 billion. While Ripple can operate abroad, U.S.
XRP price is attempting an upside break above $0.600. The price is showing positive signs, but a weekly close above $0.600 is needed for a fresh surge.
An analyst recently pointed out that we've been waiting for nearly three years for the cryptocurrency market explosion. While there have been many predictions in the past about when the market would take off, nothing major happened in 2023.
Chris Larsen, Ripples Executive Chairman, transferred 20 million XRP in four transactions on September 20. The move followed a 50-million XRP transfer earlier in the month, raising fresh rumors of potential ties to Binance and questions about a possible security breach.
SEC appeal jitters drive XRP below $0.59; investors brace for potential market impact by October 7.
As it has been doing for the past few months, the price channel that Bitcoin is trading inside is descending. When Bitcoin gets closer to the upper limit of this channel, which is around $70,000, the chance of another attempt to break through this level increases, but so does the chance of a drawback.
For the past month and a half, XRP's price has been moving within a symmetrical triangle pattern, but it has repeatedly failed to breach a key resistance barrier.
Ripple CEO Brad Garlinghouse has recently sounded the alarm about an alarming trend in the cryptocurrency world: a significant increase in scams targeting XRP users. In a series of candid tweets, Garlinghouse criticized social media platforms for their insufficient efforts to combat these fraudulent activities, underscoring a growing threat that could undermine trust in the digital currency landscape.
According to ex-SEC attorneys, the regulator will almost certainly file an appeal. Around two weeks remain for the agency to submit the appeal.
Ripple's Chief Technology Officer David Schwartz has affirmed holding XRP, asserting that he would push its price higher if it were possible. The confirmation came as part of a wider discussion within the XRP community, with Schwartz once again refuting claims of deliberately suppressing the price of the cross-border payments token.
David Schwartz, the Chief Technology Officer of Ripple, has made headlines again with his recent comments regarding XRP, the cryptocurrency associated with the company. Speaking to members of the XRP community, Schwartz reiterated his personal investment in XRP and addressed ongoing rumors that Ripple may be suppressing its price.
Bulls have become weaker on the last day of the week, according to CoinMarketCap.
As the SEC inches closer to an appeal, Ripple faces mounting legal pressures, while mysterious XRP transfers spark fresh speculation.
Top analysts are suggesting that XRP may be gearing up for a notable uptrend. This optimism comes as the broader market experiences a resurgence in bullish sentiment, particularly following Bitcoin's recent test of the $64,000 mark.
XRP, like many cryptocurrencies, has been navigating a turbulent market. Prices have been hovering in a tight range, causing a sense of uncertainty among investors.
Chris Larsen, the Chairman of Ripple, has recently transferred 20 million XRP from a previous batch of 50 million tokens he moved just days ago. This transaction has ignited speculation regarding the potential destination of these tokens, with many pointing to Binance as the likely recipient.
The ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) has investors on edge as the SEC contemplates a last-minute appeal, keeping the XRP price under pressure.
XRP has capitalized on the recent cryptocurrency market rally triggered by the Federal Reserve interest rate cut. Still, the token continues to struggle to maintain its price above the $0.60 support zone, with artificial intelligence (AI) offering a glimpse of what to expect in the coming days.
As it became known thanks to a report from Whale Alert, tens of millions of XRP left the major crypto exchange of Korea Upbit to an unknown destination. In particular, 30 million XRP worth about $17.4 million left "rDxJNb," which belongs to Upbit, to the wallet "r4186.
David Schwartz, chief technology officer at San Francisco-based firm Ripple, recently addressed XRP price manipulation accusations on his X social media profile.
The cryptocurrency world is buzzing with speculation as market strategist Mikybull recently described XRP's current price structure as a “technical time bomb waiting for an explosion.” This bold statement has captured the attention of XRP enthusiasts, many of whom are eagerly anticipating what could be a dramatic price movement in the near future.
The crypto community remains on the edge as the appeal deadline for Ripple vs SEC gets closer. The SEC has remained silent on its intentions for an appeal, leaving XRP below last year's high.
XRP climbs to $0.60 as investors await SEC appeal decision. Ripple case uncertainty looms with the October 7 deadline nearing.
In a recent discussion on social media Ripple's CTO, David Schwartz, that he holds XRP, stating that if there were a way for him to increase its price, he would definitely do it. During the conversation, another user pointed out that after seven years, XRP is still quite cheap.