XRP skyrockets 17% in just 24 hours, outpacing Bitcoin (BTC) and other major cryptocurrencies.
Ripple Labs has made strategic moves in the recent past to strengthen the mainstream adoption of XRP despite the legal hurdles emanating from the US SEC.
Ripple's native crypto, XRP, turned out to be the biggest gainer among the top 100 cryptos breaching the much awaited $0.80 price level. On the other hand, Bitcoin (BTC) and Dogecoin (DOGE) recorded a drop of over 2% and 7%, respectively, in the last 24 hours.
Ripple's XRP token recorded a 20% increase, hitting a high of $0.838 hours after Gary Gensler signaled a potential resignation.
At the beginning of this year, the price of XRP was at $0.6295. Right now, it stands at $0.7965, marking a 26.52% growth year-to-date. Meanwhile, the Bitcoin market has experienced a massive growth of 98.13% during the same period. Many top cryptos, including Solana and BNB, have shown strong performance this year.
XRP outperforms crypto market, gaining 15% as potential SEC leadership changes stir optimism. Fundamental and technical factors align for a possible 20% rally this November.
Gensler's potential resignation could reshape SEC's crypto stance, possibly easing legal pressures on Ripple and boosting broader market confidence. The post Ripple's XRP token soars 20% to $0.83 after SEC Chair Gary Gensler hints at resignation appeared first on Crypto Briefing.
The crypto prices today have illustrated a set of mixed actions, sparking investor speculations globally. Bitcoin (BTC) price reversed previous gains to rest at $88K, whereas Ethereum (ETH) and Solana (SOL) prices followed.
“We believe that the underlying strength in BTC represents a systematic shift in the market in anticipation of Trump's return to office,” QCP Capital traders said in a Friday broadcast.
XRP price is up over 15% and moving higher above the $0.740 support zone. The price could accelerate higher if it clears the $0.8450 resistance zone.
XRP has encountered resistance at the $0.75 price point for the third time in 12 months, once again failing to break through this key level. The latest rejection occurred on November 13, 2024, when XRP made an impressive rally, climbing back into the $0.70 range.
XRP's soaring NVT ratio raises questions about the sustainability of its price rally, hinting at possible overvaluation.
Shiba Inu (SHIB) has recently seen growth, with its price reaching $0.00003, grabbing renewed interest from the crypto community. However, after a period of upward movement, SHIB faced significant selling pressure, leading to a temporary price drop.
Bullish sentiment is at its peak and crypto market participants are projecting a continued upside for the Dogecoin pice in the coming weeks and months. According to crypto analyst Ash Crypto, the crypto market is going to continue on this run into the next six to twelve months.
XRP rallies 12% as SEC Chair Gensler hints at resignation; could the SEC withdraw its Ripple appeal?
In a new analysis, crypto analyst Dark Defender (@DefendDark) highlights a significant pattern in the daily XRP/USDT chart that suggests a possible sharp rise in the price of XRP. According to his analysis, the XRP price is possibly forming a technical pattern known as a “bull flag” after decisively breaking above the multi-year resistance at $0.6649, a move that has been further substantiated by two consecutive daily closes above this key level.
After consolidating for over a year, Ripple's native token (XRP) has broken out from a bullish price action pattern and is now poised for notable upside momentum. However, XRP experienced this crucial breakout as United States Securities and Exchange Commission (SEC) Chairman Gary Gensler hinted at his resignation.
XRP has been on a bullish streak, experiencing a notable 24.78% price increase in recent days. This surge has pushed XRP into the overbought territory, with the Relative Strength Index (RSI) reaching 79.76, signaling that the upward momentum could continue, but also suggesting caution for potential consolidation or pullback.
Intesa Sanpaolo, Italy's largest bank, is expanding its digital assets desk to include spot trading for cryptocurrencies, having secured the necessary internal approvals and technical setup to enter the market and enhance its blockchain initiatives. The post Italy's Ripple Partner Intesa Sanpaolo Expands Digital Assets Desk for Crypto Spot Trading appeared first on Cryptonews.
XRP price has grown substantially, reaching a six-month high of $0.83, spurred by favorable regulatory developments and heightened investor sentiment. The recent announcement of a potential resignation by SEC Chair Gary Gensler has fueled optimism within the crypto sector.
Ripple and the U.S. Securities and Exchange Commission (SEC) has been closely followed by crypto enthusiasts and investors, with many hoping for a swift resolution. However, recent insights from legal experts suggest that the case might not reach its conclusion until 2025, with a potential shift in the SEC's leadership playing a key role in the timeline.
Numerous reports emerged that Gensler might be leaving the SEC.
The cryptocurrency market witnessed retracements today, with Bitcoin dipping from above $90,000 to $88,902 at press time. While enthusiasts anticipate BTC at $100,000 soon, PEPE, Cardano, and Ripple drew investor attention for various reasons. Let us find out more.
Ripple Labs Developers have inked a partnership with Societe Generale-Forge (SG-Forge) to integrate the EURCV stablecoin on the XRP Ledger (XRPL) in 2025. According to the SG-Forge announcement, the deployment of the EURCV stablecoin on XRPL aligns with its plan to go multi-chain.
Cardano creator Charles Hoskinson took to X to reveal that he had been in talks with Ripple CEO Brad Garlinghouse.
The controversial XRP cryptocurrency has added more than 10% over the past 24 hours, hitting a new 2024 high of $0.7734 earlier this Thursday.
XRP saw strong trading activity on Wednesday. It had climbed 6.31% over the past 24 hours to reach $0.76 amid a broad market rally spurred by Bitcoin's record-breaking surge to $75,000.
SG-FORGE, the digital asset subsidiary of Societe Generale, is set to launch its Euro-pegged stablecoin EURCV on the XRP Ledger (XRPL), a move aimed at enhancing cross-border payment systems in Europe. Scheduled for 2025, this expansion to XRPL is part of SG-FORGE's broader multi-chain approach, following deployments on Ethereum and Solana.
Societe Generale‘s crypto subsidiary, SG-FORGE, has announced plans to extend its EUR CoinVertible (EURCV) stablecoin to the Ripple-backed XRP Ledger (XRPL), according to a Nov. 14 statement. According to the lender, XRPL's swift cross-border payments and efficient asset tokenization capabilities make it an ideal platform for EURCV's continued growth.
A new wave is sweeping through the crypto world as investors shift focus to an emerging digital asset. Predictions of staggering 8,500% returns have caught the eye of those who once backed XRP.
Former CFTC Chair Chris Giancarlo, who is known as "Crypto Dad" because of his friendly stance on digital assets, has confirmed that he is not in the race to replace SEC boss Gary Gensler.
The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) may take a new twist following the recent political developments with Donald Trump's victory.
XRP Ledger set to receive new updates, which would bring new functionalities and improvements, reinforcing XRP's prominence on the cryptocurrency market.
XRP, the popular cryptocurrency, is back in the spotlight on the crypto market, with its price action grabbing the attention of many. Today, XRP saw its price climb over 8% and reach a peak of $0.75 - its highest level since July 2023.
Despite the reboot most assets are facing intermittently, the broader market is in consolidation mode. XRP has showcased a promising front on the broader market, with its more than 34% rally in the past week.
Societe Generale-FORGE is set to launch its euro-pegged stablecoin, EURCV, on the XRP Ledger in 2025. The launch on XRPL marks SG-FORGE's latest expansion in their multi-chain approach, following earlier deployments on Ethereum (ETH) and Solana (SOL).
Ripple's XRP has witnessed a significant price surge following its Wednesday listing on the popular trading platform Robinhood.
XRP surges 9% as Robinhood relists Ripple, SOL, and ADA for U.S. users. Will regulatory clarity drive XRP to $2? Explore the latest listings and market outlook. The post XRP Soars 9% as Robinhood Relists Ripple for US Customers – Is $2 Next for Ripple? appeared first on Cryptonews.
The French financial services firm said earlier this year it will also expand EURCV to the Solana network after struggling to attract users on Ethereum.
Ripple's price is finally moving, as Bitcoin trades at all-time high values. Yet, there's still a major obstacle the market should take out before a long-term rally begins.
Ripple (XRP) has emerged as one of the most prominent cryptocurrencies in the market, with its unique use case for cross-border payments and low transaction fees. Over the years, XRP has seen significant volatility in its price, but many investors are now eagerly watching its movements as it continues to break through key resistance levels.
In the latest development, Ripple has scored a legal victory. In the ongoing In re Ripple Labs Inc. litigation, a US court has ruled in favor of Ripple Labs, XRP II LLC and Brad Garlinghouse. This is a huge win for Ripple in the long-running case over unregistered securities sales.
There is only one cryptocurrency in this exclusive club right now.
The crypto market remains dominated by bulls, according to CoinMarketCap.
The fast-moving world of cryptocurrency, few tokens have managed to capture the public's attention quite like XRP in recent days. The digital asset has been making waves across the market, with a remarkable 45% surge over the past week.
XRP breaks through multi-year resistance, signaling a potential rally toward $1 as technical indicators support a strong upward momentum.
Should you bet on XRP's comeback from years of underperforming the crypto market? Here's what you need to know about its business prospects.