Ripple was trading at $0.6202 this morning, up 0.11 percent from yesterday. Yesterday’s volume was up 10.46 percent from the day before. This indicates that the price increase occurred on a higher volume. XRP Price is approaching its 20-day moving averages, which could act as a price barrier. Moving averages, particularly the 100 SMA, are...Read More
Despite some upward momentum overnight, the general market has been trading in the negative for the past 24 hours. Bitcoin has dropped 4.12 percent, and Ethereum has dropped 6.56 percent. In terms of XRP Price, it’s still at the same price it was in November, and it’s still a long way from its all-time high. ...Read More
The absence of volatility in the XRP market has prevented huge price movements in recent days, although it has drifted in either direction in response to broader market trends. While XRP has been consolidating quietly for the most time. Ripple has been making moves towards developments and collaborations that will surely pump the price up....Read More
Although tiny sell-offs had temporarily stalled the altcoin market’s resurgence, it was now on the mend. The price of XRP was also rising with modest selling pressure, and this recovery effort could lead to a spike in the asset. Altcoin price in the short term is determined by the outcome of the sec litigation and...Read More
Bitcoin, and the entire cryptocurrency market, saw yet another choppy week where prices failed to recover substantially and continued to struggle. The past seven days didn’t exactly go according to the intentions of bulls as the price of BTC is down about 9%, currently trading around $37,000. It all started last Friday when the price...Read More
Ripple has been included in CNBC’s Disruptor 50 as the #38 of most successful private companies this year —primarily due to its innovative approach towards borderless payment technology and becoming one of the largest crypto companies in the world. This year’s CNBC’s Disruptor 50 is the ninth annual list of private companies thriving amidst the...Read More
Ripple’s CEO, Brad Garlinghouse, finds “beyond flattering” the accusations that the company he runs has influenced Telsa’s Elon Musk to highlight bitcoin’s energy consumption levels. Beyond Flattering: Garlinghouse One of the most discussed topics within and outside the cryptocurrency community in the past several weeks has been bitcoin’s energy consumption. On one side, environmentalists led...Read More
While Ripple continues with its ongoing legal battle against the SEC in the US, the payment processor has partnered with Egypt’s largest and oldest bank – the NBE. By utilizing RippleNet and the financial service provider LuLu, the National Bank of Egypt will process cross-border payments from the UAE to the African country. Ripple Brings...Read More
The past seven days were particularly favorable for altcoins. This is mainly because bitcoin fails to produce any major gains in comparison, which has seen its total market dominance drop down to 44% – a level last seen back in 2018. It’s worth noting that the primary cryptocurrency is up more than 6% on the...Read More
Ripple has stated that for the first three months of 2021, its total sales of XRP were $150.34 million, 97% higher than the $76.27 million reported for Q4, 2020. The company stated that the increase in sales figures was led by the growing demand for RippleNet’s On-Demand Liquidity or ODL service. “Ripple continued to engage...Read More
The past week has been overall very favorable for the cryptocurrency market. The total capitalization grew to $2.15 trillion, which is a 17% increase. Most of it came from altcoins, however. At the time of this writing, bitcoin’s price trades at around $56,000 following a quick spike. It’s up 9% on the week and managed...Read More
Should Ripple prevail in its ongoing legal battle against the SEC, the payment processor will join the trend of crypto-related companies going public, said the CEO of SBI Group – one of the largest shareholders in the firm. During an earnings presentation call, SBI Group’s CEO, Yoshitaka Kitao, spoke about the relationship between the entity...Read More
The Securities and Exchange Commission (SEC) has accused Ripple of “harassment” after its executives were granted access to internal documents from the regulatory body. The documents allegedly contain information about three currencies —BTC, ETH, and XRP, where the SEC classifies the three of them as “digital currencies.” Now the SEC wants to limit access to...Read More
Ripple’s CTO, David Schwartz, has been gradually offloading his bitcoin position for years and is currently left with about 2% of his entire stack. During a recent Twitter threat, he outlined the significance of taking profits while blasting the narrative that investors can’t lose money if they don’t sell during a bear market. Ripple’s CTO...Read More
This week we saw altcoins taking for the skies as Bitcoin was rangebound. This led to a plummeting BTC dominance that hit a 2-year low. Bitcoin was trading slightly below $60K this time last week, and everyone had their hopes up that it would conquer this coveted level. Unfortunately, last Saturday, the price started showing...Read More
On April 6, Ripple Labs won discovery from the U.S. Securities and Exchange Commission concerning its internal discussions on the status of its XRP token as a security. Ripple Can Argue its Case, but It’s Not Over Yet According to Law360, U.S. Magistrate Judge Sarah Netburn granted the motion determining that SEC minutes or memos...Read More
Ripple’s CEO Brad Galinghouse has clarified his stance on bitcoin, clarifying that he has not argued for a ban against it. Nevertheless, he outlined that one transaction with BTC requires about 75 gallons of oil and noted that the entire crypto space should aim at turning bitcoin mining into a clean energy business. Garlinghouse on...Read More
XRP Price Poised to Surge above $1 XRP price traded below $0.6 a considerable number of times, consolidating itself. An initial push rallied the price above $0.6 and a fresh surge jumped the price above $0.7. Woefully, the price faced a rejection yet again and dipped below $0.69 in no time. However, the price appears...Read More
A few months after it filed a lawsuit against Ripple for conducting an unregistered security offering, the SEC has done the same against another blockchain project. This time, it’s going for LBRY – a project operating a decentralized content publishing platform. $11M Worth of Unregistered Securities Offering? Based in New Hampshire, US, LBRY Inc is...Read More
Positive news for the blockchain-based payment processor Ripple, as District Judge Analisa Torres has approved XRP holders to intervene in the ongoing legal case against the Securities and Exchange Commission (SEC). Additionally, the company has acquired a 40% stake in the large Asian cross-border payments firm – Tranglo. XRP Holders to Intervene in the SEC...Read More
Positive news emerged for Ripple (XRP) late last week as the blockchain giant looks to get relisted on US coin exchanges. In a historic SEC lawsuit against Ripple Labs, a judge involved in the discovery process acknowledged XRP’s viability as both a currency and utility. In the same hearing, the SEC admitted that only Ripple...Read More
The legal dispute between Ripple and the SEC continues with full force as the payment processor has requested the Commission to produce documents regarding Bitcoin and Ethereum – as they were officially deemed not to be securities. At the same time, thousands of XRP holders have asked the federal judge in charge to serve as...Read More
More developments on the Ripple vs. the SEC legal front as the Commission has requested personal financial information of the company’s CEO, Brad Garlinghouse, and co-founder Christian Larsen. Simultaneously, the Japanese financial giant SBI Group has doubled-down on its support for Ripple by offering to pay its shareholders dividends in XRP. The SEC Seeks Personal...Read More
Nearly a year after filing a lawsuit against YouTube for failing to prevent XRP giveaway scams, Ripple Labs has settled the issue without disclosing any further details. In the other ongoing Ripple-related lawsuit, the SEC has asked Judge Analisa Torres to deny the payment processor’s motions to dismiss. Ripple Settles with YouTube CryptoPotato reported last...Read More
The SEC lawsuit against Ripple Labs continues to harm the payment processor as the company has officially ended its relationship with the international money transfer provider – MoneyGram. Nevertheless, Ripple hopes to revisit the relationship in the future, especially if it prevails against the Commission. CryptoPotato reported in late December 2020 that the US Securities...Read More
With the impending legal battle between the SEC and Ripple, the CEO of the payment processor said that XRP will endure even if the company doesn’t. Simultaneously, Jesse Powell, the CEO of the veteran US exchange, Kraken, believes that offering XRP trading carries “huge asymmetrical risk.” XRP Will Endure, Says Ripple CEO Ever since the...Read More
Ripple’s CEO Brad Garlinghouse told Reuters in an interview today that the company is still conducting and growing its business in the Asia Pacific region despite the SEC legal case against Ripple and its executives. The last four months have been some of the toughest for Ripple after the company was slammed with a $1.3...Read More
Ripple’s CEO Brad Garlinghouse and co-founder Chris Larsen have recently appealed to Judge Analisa Torres, filing two separate motions to dismiss the US SEC’s amended complaint against Ripple and its executives. Regulatory Overreach In a letter dated March 3, 2021, the Attorneys representing Garlinghouse stated that the lawsuit filed by the SEC against Ripple was...Read More
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex Monero continues correcting after the February rally. On Friday, February 26th, the cryptocurrency is trading at $197. XMRUSD has been falling this week. In the daily chart, Monero is testing 38.2% fibo. The next correctional target within the ascending tendency may be the support at 50.0%, a rebound from...Read More
Money transfer giant MoneyGram is suspending its partnership deal with Ripple, following the ongoing legal battle between the latter and the US Securities and Exchange Commission (SEC). MoneyGram announced the news of the suspension in its Q4 and full-year 2020 financial results published on Monday (Feb. 22, 2021). As part of its Q1 2021 outlook,...Read More
