XRP has struggled to keep pace with the broader crypto market rally that began last week following the Federal Reserve's interest rate cut. While other cryptocurrencies have seen impressive gains, XRP has only managed a modest 2% increase.
With an October deadline approaching, the SEC may challenge a court ruling that could reshape cryptocurrency regulation and Ripple's future.
In a splendid move, the Bitcoin price soared above $64,000, suggesting the bullish action may have begun. While the other altcoins have already broken their respective resistances, including Cardano (ADA), the XRP price is failing to surpass the levels at $0.6.
The Ripple-SEC legal saga took the cryptosphere by storm, with the court ruling last month sparking further speculations and debate. Ripple was ordered to shell out $125 million for breaking securities laws in institutional sale transactions.
Bybit, the second-largest cryptocurrency exchange by trading volume, currently has more open interest on its XRP futures market than Binance, the largest exchange by trading volume. This development comes amid the crypto exchange's recent expansion to the Kazakhstan market, having gained full license to provide crypto trading services in the country.
XRP has had difficulty gaining any real momentum as it gets closer to the point where its chart displays a symmetrical triangle pattern. This consolidation usually portends a possible breakout, but XRP has not shown any increase in volatility and has instead remained largely stable.
Ripple CEO Brad Garlinghouse and cofounder Chris Larsen are set to appear at the eighth annual fintech conference hosted by the Federal Reserve Bank of Philadelphia. It will take place on Oct. 22 and Oct. 23.
XRP whales have intensified their market activities with a massive transfer of 40 million XRP tokens, valued at around $23.3 million, from Bybit to a private wallet. This significant movement, reported by the crypto tracking service Whale Alert, highlights a growing trend among XRP whales.
XRP formed a golden cross on its short-term charts about a week ago. This technical indicator usually signals the potential for a price rally.
In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), a new perspective has emerged regarding the SEC's stance on XRP. A former SEC attorney has predicted the SEC will likely appeal the July 2023 court ruling, which declared XRP's secondary sales as non-securities.
Over the past 24 hours, the XRP price has held steady after some slight fluctuations, up 0.08%.
Top lawyer says the SEC's potential appeal is a complete waste of taxpayer money.
By Oct. 7, the chances of appealing the Ripple Labs lawsuit by the U.S. Securities and Exchange Commission (SEC) will go out the window. In line with these, many legal experts, including John Deaton, have shared hot takes on what to expect from the regulator.
The legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) over XRP has been one of the most important cases in the cryptocurrency industry. As the case reached its conclusion in August 2023, attention has shifted to whether the SEC will appeal the decision before the October deadline.
The cryptocurrency market is abuzz with activity as three notable coins—Shiba Inu (SHIB), XRP, and Solana (SOL)—navigate distinct paths that could shape their futures. After a prolonged period of uncertainty, Shiba Inu is finally showing signs of a bullish trend.
The crypto market has surged this week, with signals of a potential rally in the coming days. The market's bellwether, Bitcoin is near two-month highs and the rest of the crypto assets have tagged along.
The crypto market has rallied this week, with big gains by SHIB and Solana Prices. XRP is a black sheep, but it fits in the top crypto too.
XRP could jump to as high as $0.75 in October if this prediction comes to fruition.
The crypto market has been rallying up since last week, and the XRP community is also awaiting major price gains. Consequently, XRP whales have started to stun the market with their epic moves and strategic market shifts.
This week, we examine Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin in greater detail. Ethereum (ETH) Ethereum closed another good week with a 4% price increase.
The crypto market has been booming lately, and investors are looking at XRP alternatives to ride and convert their $1 into $1000. The Ripple RLUSD stablecoin is expected to launch by the end of September, in line Ripple CEO Brad Garlinghouse's comments, “in weeks, not months” at the beginning of the month.
As the crypto market gears up for its traditional “Uptober” surge, XRP's participation remains uncertain. The threat of an SEC appeal against the July 2023 ruling in favor of Ripple could result in a double-digit decline in XRP's price.
BTC's move past $65,000 comes just ahead of the expiry of over $5.8 billion in options contracts, which analysts believe could increase volatility in the crypto markets. The jump seems to be driven primarily by monetary stimulus in the US and China, which led to crypto markets registering a substantial jump.
Ripple CTO David Schwartz raised concerns about the SEC's broad regulatory approach to digital assets, warning of potential consequences for Ripple and the wider cryptocurrency space.
Eleanor Terrett, a Fox Business journalist, recently shared that the SEC might appeal the 2023 ruling on the Ripple's XRP programmatic sales.
According to Fox Business reporter Eleanor Terrett, a former SEC lawyer has predicted that the agency will end up appealing the Ripple case.
"A former SEC lawyer who recently left the agency tells me the SEC will "probably" appeal Judge Torres's July 2023 ruling," one journalist stated.
The US Securities and Exchange Commission (SEC) is likely to appeal against the court's July 13 decision in the Ripple case.
The longest Lawsuit in crypto space, SEC vs Ripple is not getting closed if the SEC makes an appeal in the next 10 days. The court in its July 2023 ruling has declared that not all sales of XRP were securities.
XRP's price action has captured the attention of traders and investors alike. After a period of notable volatility, XRP appears to have settled into a sideways trading pattern, prompting many to wonder what the near future holds for this prominent cryptocurrency.
XRP price again struggled to clear the $0.600 resistance and declined. The price is now testing the $0.5840 support and might continue to consolidate.
The potential for the U.S. Securities and Exchange Commission (SEC) to appeal in the Ripple vs. SEC case is being discussed widely, with speculation that an appeal might drag the lawsuit into 2025. The SEC has accused Ripple of selling XRP as an unregistered security, while Ripple argues that XRP is not a security.
In August, Ripple's long-running legal battle over XRP saw a major development. However, with the U.S. Securities and Exchange Commission (SEC) likely to appeal, a new chapter may begin. Former SEC attorneys shared details into the agency's potential appeal strategy, focusing on programmatic sales and their classification as unregistered securities.
Eleanor Terrett, a journalist at Fox Business, has noted that a former lawyer from the U.S. Securities and Exchange Commission (SEC) believes the SEC will “probably” appeal Judge Analisa Torres's ruling from July 2023 in the Ripple vs SEC Lawsuit. As the lawyer pointed out, several at the SEC believe that the outcome of Ripple's
XRP underperforms broader market as speculation grows over an SEC appeal in Ripple case.
Ripple (XRP), one of the most prominent cryptocurrencies, has garnered attention due to a series of significant market and on-chain events that have left the XRP community uneasy. With developments around large token transfers and increasing exchange reserves, questions have arisen about the future direction of XRP's price.
Some eagle-eyed members of the XRP community recently spotted a bewildering transaction on the XRP Ledger.
As Bitcoin (BTC) price attempts to mirror Gold's bullish breakout, the altcoin industry, led by Ripple-backed XRP price, could be on the verge of a major uproar in the short term. Most altcoins against Bitcoin have been retesting multi-year lows, which could yield a price rebound ahead.
Crypto analyst Smile has made an ultra-bullish price prediction for Dogecoin (DOGE), Shiba Inu (SHIB), and XRP, stating they will reach $25, $0.05, and $200, respectively. The analyst also provided a timeline for when these coins will reach these price targets.
Ripple's (XRP) price is showing signs of a potential retracement. Despite recent bullish momentum, weakening market signals suggest that the altcoin may struggle to maintain its upward trajectory in the short term.
XRP's exchange reserves continue to rise, suggesting higher selling pressure and further price decline.
The XRP community spent the last week closely monitoring the wallet of Chris Larsen, one of Ripple's co-founders. The wallet which was dormant for 11 years since 2013, suddenly became active. It transferred 50 million to an anonymous new wallet. The XRP community began closely following these $29.
The past week in the XRP environment was spent closely monitoring the wallet of one of the cofounders of Ripple, Chris Larsen, after, on Sept. 20, the wallet, which had been dormant for 11 years since 2013, suddenly became active.
Despite Ripple's selling spree, which has so far included offloading a total of 350 million XRP from its treasury reserves in September, XRP (XRP) has managed to resist the bearish pressure and has recovered from the brief negative reaction, and one cryptocurrency expert has made a bold prediction.
XRP has dipped by 0.2% in the past 24 hours, slipping to $0.5895 as the cryptocurrency market barely moves today.
Mark Cuban has joined the ranks of billionaires criticizing the SEC, following in the footsteps of Elon Musk. Previously, Cuban has been vocal about the SEC's stance on cryptocurrency, using the hashtag #SaveCryptoFromTheSEC. This time, he has offered actionable advice, urging the SEC to establish clear guidelines for crypto firms to follow.
The crypto market has grabbed quite a momentum in the last few days, moving parallel with Michael Saylor's forecasts. However, today, the market had a break, where it faced a minor downtrend.