According to the popular cryptocurrency analyst Shannon Thorp, the price of Ripple’s native token could blast beyond $500 in the future. She based her bold prediction on a recent report that estimated that the total value of cross-border payments might reach $250 trillion by 2027. XRP Hitting the $500 Mark? Thorp shared some key points...Read More
Ripple’s XRP appears to be gearing up for a significant price surge, according to Daan de Rover, founder of CryptoSea. Known popularly as CryptoRover on YouTube, de Rover recently took to social media platform X to forecast a “gigantic move” for the digital asset. $XRP is getting ready for a gigantic move!🔥👇 pic.twitter.com/Ear5P5VMTe — Crypto...Read More
While predicting the future of specific cryptocurrencies is not an exact science, market analysts often consider several aspects, including past performance, use cases, community participation, and broader market volatility. With that in mind, let’s examine whether Shiba Inu (SHIB) has the potential to outperform Ripple (XRP) in the future. For this particular question, though, we...Read More
On-chain data tracker Whale Charts just flagged a massive XRP transaction, which could spell doom for the popular crypto asset. As per Whale Charts’ tweet, an anonymous investor moved about 28.4 million Ripple (XRP), equivalent to roughly $14.9 million, into Bitstamp. The amount was transferred from wallet r4wf7enWPx to another Bitstamp wallet, rDsbeomae4. Of course,...Read More
In a relatively surprising series of events, a substantial purchase of XRP tokens totaling $1.5 million was executed, sending ripples (no pun intended) through the cryptocurrency community. This acquisition led to the creation of two notable green candles on the XRP chart – an event that has sparked conversations about a potentially more impressive price...Read More
Crypto enthusiasts are buzzing with anticipation as XRP seems to approach its third bullish golden cross in history. A golden cross is often used when shorter moving averages surpass or cross long-term moving averages, indicating movement from bearish to bullish. Popular analyst Egrag Crypto on Twitter recently mentioned that the XRP community should prepare for...Read More
XRP and SHIB whales are inducing ripples in the crypto market, with massive new token purchases igniting speculations of potential price actions in these assets. Data from Whale Alerts reveals a string of significant transactions involving trillions of SHIB moving between wallets. On Aug. 21, an investor and holder of wallet 0xc684d6c5 purchased 4,653,778,173,637 SHIB...Read More
Ripple’s XRP went through a major crash during the past 24 hours following the broader market downturn, which resulted in over $1 billion worth of leveraged positions being liquidated. While there might be multiple reasons behind the crash, there might also be some silver lining for XRP traders as a new exchange has added an...Read More
Investment products for XRP, the native crypto asset of the Ripple network, have recorded the 16th consecutive week of institutional inflows since the start of 2023. According to data analyzed by CoinShares in its latest Digital Asset Fund Flows Weekly Report, XRP saw $0.5 million in inflows during the past week. XRP Sees Inflows for...Read More
Filings for spot Bitcoin exchange-traded funds have been pushed around for years with no success in the US so far. The Securities and Exchange Commission remains reluctant. Ideas for ETH ETFs have also been floating around but XRP? That’s something new, but apparently, there’s some sort of interest in it. The primary reason why cryptocurrency...Read More
The native token of Ripple – XRP – has briefly skyrocketed to $50 on the popular cryptocurrency exchange Gemini hours after the latter allowed deposits with the asset. The development seemed to be a short-lived glitch as the coin quickly retraced to its current level of approximately $0.63. Several screenshots revealed that XRP spiked to...Read More
On August 8, prominent lawyer and cryptocurrency enthusiast John Deaton took to Twitter to share his insights on the surprising corollary between regulatory clarity for XRP and ETH’s stagnant performance despite PayPal’s recent stablecoin announcement. Deaton highlighted the growing influence of Bitcoin (BTC) on the overall crypto market, overshadowing even seemingly significant events for altcoins....Read More
Blockchain security company Quantstamp has agreed to pay ~$3.5 million in fines to settle charges against it from the U.S. Securities and Exchange Commission (SEC) on Friday – without confirming or denying allegations. The settlement marks another successful crackdown from the agency against a crypto company for violating securities laws, which industry leaders say lack...Read More
The legal war between the United States Securities and Exchange Commission and Ripple Labs appears to be far from over. While the latter managed a partial win following a recent court ruling, the Commission doesn’t seem to be backing down just yet. According to a recent report by Bloomberg, the United States Securities and Exchange...Read More
On July 18, Ripple announced it had invested in AI and metaverse technology and content company, Futureverse. The move has given a second wind to XRP prices which are outperforming the top 20 crypto assets at the moment. The company has raised $54 million in a Series A round of funding in an effort to...Read More
Ripple’s XRP has undoubtedly been the hottest story throughout the past few weeks. T he legal battle between the company and the US Securities and Exchange Commission culminated last week when US Judge Analisa Torres ruled that secondary sales of XRP didn’t constitute investment contracts. [embedded content] Expectedly, XRP exploded by over 70% and is...Read More
XRP appears to be leading the altcoin rally fetching over 66% in the past day alone. This comes after Ripple Labs managed to score a victory in the SEC case crippling the financial regulator’s plan to regulate the digital asset industry. The market has reacted positively to the District Court for the Southern District of...Read More
The entire crypto market is rallying after the judge overseeing Ripple V. SEC ruled that neither XRP, nor most situations in which it transacted, are securities. The ruling has also prompted exchanges like Coinbase to relist XRP starting today. In a tweet on Thursday, Coinbase Assets confirmed that it will re-enable trading of XRP on...Read More
XRP is booming after Judge Analisa Torres’s ruling on Thursday that most sales of the Ripple-issued cryptocurrency do not constitute securities transactions. The ruling brings a conclusion to a three-year-long lawsuit that is expected to set a firm precedent for many crypto issuers’ legal standing in the United States going forward. Let’s dig into the...Read More
It’s no surprise that XRP investors are expecting a ruling in the case between Ripple and the United States Securities and Exchange Commission. According to a recent report from Kaiko, they are already positioning themselves, which is reflected in the increased trading volume. Kaiko reports that XRP ranks third in trading volume as investors are...Read More
Bitcoin appears to have hovered in a narrow range over the past few days but it has managed to pull off a stunning 86% rally since the beginning of the year. The inflows over the past week are indicative of the fact that the world’s premier crypto asset continues to remain the primary focus of...Read More
There’s been a rumor circling cryptocurrency-oriented social media circles throughout the past couple of days, that Ripple is planning to buy back 10 billion XRP tokens, currently worth just shy of $5 billion. The first to question the rumors was John Deaton, a lawyer representing thousands of XRP holders, who said he doesn’t believe it...Read More
One of the leading crypto-oriented asset managers catering predominantly to institutional clients, CoinShares, has reported a total of $199 million of weekly inflows. This is the largest the number has been since July 2022, correcting 50% of the previous 9 consecutive weeks of outflows. The report outlines that Bitcoin has been the one that benefitted...Read More
The case between the US Securities and Exchange Commission (SEC) and Ripple is raging on, pending a ruling which some estimate to be coming relatively soon. That said, John Deaton, a lawyer representing thousands of XRP holders, has recently reviewed and agreed on a Twitter thread that criticizes the position of the SEC. Although that’s...Read More
Ripple’s XRP is one of the most popular cryptocurrencies, and the legal battle with the United States Securities and Exchange Commission has put it under the spotlight even more, if that’s possible. The case in point was brought up a few years ago, when the SEC alleged that Ripple conducted an unregistered sale of securities,...Read More
Despite the fact that the larger part of the cryptocurrency market is mostly covered in red, one prominent altcoin seems to stand out. Ripple’s XRP price is soaring in the past few days, and it shows no signs of slowing down. The coin is up around 12% on the weekly and has conquered an important...Read More
Ripple (XRP) is this week’s frontrunner as the rest of the market continues to either consolidate or trade in a ruthless chop. The cryptocurrency has defied expectations and is trending upwards with little signs of slowing down. Here are a few possible reasons why and whether this rally could go any further. Case Against SEC...Read More
Scott Chamberlain – a former US lawyer and co-founder of EvernodeXRPL – thinks the main obstacle that stops XRP’s price from surging is the SEC’s claim that the token classifies as security. On the other hand, Ripple – the entity which issues the coin – has maintained that XRP should be treated as a commodity....Read More
On Oct. 27, Ripple released its Q3 Markets Report stating that its holdings of XRP have dropped below 50% for the first time. The company proudly stated that it is becoming more decentralized contrary to what critics have claimed. It said the ownership of XRP is not an indicator that Ripple controls XRP Ledger (XRPL)....Read More
In an announcement on a RippleX Developers portal on Oct. 17, engineer Mayukha Vadari said that the Ethereum Virtual Machine (EVM) sidechain for XRPL was now live on devnet. The system to bring more Ethereum compatibility to Ripple was initially introduced in September 2021, but it has now finally been launched for wider testing and...Read More
