Ripple releases 1 billion XRP, saving XRP from a 4.26% drop in 24 hours and stabilizing the crypto market.

In the past 24 hours, XRP has dropped around 4%. The possible reasons for the short-term weakness arise from the SEC's potential appeal against Ripple.

Ripple's native cryptocurrency, XRP, has been riding a wave of optimism, climbing past the $0.66 mark. Many investors are now eyeing the possibility of the coin hitting $0.91, as the market shows signs of a bullish breakout.

Check out what could be XRP's next move.

Legal experts, including former SEC attorneys, believe an appeal is likely, citing concerns about inconsistencies in rulings related to programmatic XRP trading.

XRP News: XRP price today sparked bearish market sentiments across the crypto landscape, tanking nearly 5% against the backdrop of Ripple's 1 billion token unlock. On-chain data indicates that the American blockchain payments firm unlocked a whopping 1 billion coins from escrow, raising concerns among market watchers despite the native token being on a price

XRP's price has been battling to break above the 78.6% Fibonacci Retracement line since early March, facing significant resistance. Despite repeated attempts, the altcoin has failed to maintain a breakout, keeping it in a bearish zone.

The US Securities and Exchange Commission has just days to appeal the much-talked-about Ripple ruling that recognized secondary XRP sales as non-securities. The deadline is set for Oct. 7.

XRP price started a downside correction below the $0.650 level. The price is now trading near the $0.6120 support and might aim for a fresh increase.

XRP drops 4.6%, nearing $0.60 as the SEC appeal deadline looms in the Ripple case.

On-chain data shows the XRP whales have participated in a significant amount of buying recently, a potential reason behind the asset's surge. XRP Whales Have Added 470 Million Tokens To Their Supply Recently As explained by analyst Ali Martinez in a new post on X, the XRP whales have expanded their holdings over the last 10 days.

Trading volume for Dogecoin surged significantly recently, hitting an all-time high of $1.2 billion. The sudden surge in activity caused traders and investors to jump on DOGE, temporarily driving up its price.

The Securities and Exchange Commission has until October 7 to appeal a controversial ruling in its high-profile legal battle with blockchain payments company Ripple

American blockchain payments firm Ripple Labs Inc. is unrelenting in its series of tests for its RLUSD stablecoin. About an hour before writing, the company minted a fresh 80,000 RLUSD to perfect the process of minting and burning the tokens.

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 closed another week up 8%, overcoming previous stubborn resistance at $0.60. It is currently up 12% for the month and it's on track to closing its strongest quarterly return since Q1, 2023 — which was approximately just over a year ago.

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.