Ripple (XRP)

Last Thursday, executives from the crypto industry spoke with US lawmakers, representatives from the Biden administration, and those involved in Kamala Harris’ campaign. The session came as crypto has become a bi-partisan topic in the US as election day nears. This meeting occurred virtually, although slated to be in person. From the crypto side, Ripple CEO Brad Garlinghouse, Kraken CEO David Ripley, Circle CEO Jeremy Allaire, Skybridge founder and managing partner Anthony Scaramucci, and...

TL;DR XRP surpassed another milestone in terms of total tokens held in accounts. After a legal victory, XRP’s price briefly surged before stabilizing, with analysts predicting potential future gains. XRP’s Achievement Ripple’s XRP continues to make the headlines, recently reaching an important adoption milestone. According to XRPL Services, the total amount of XRP tokens held in accounts exceeded 60 billion (equaling over $34 billion calculated at current rates). Data shows...

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The meme coin ecosystem has grown into a billion-dollar market over the years. It owes its meteoric growth to thousands of tokens themed around animals, political figures, celebrities, and other memeable characters. The meme coin frenzy has a ripple effect on the broader crypto market performance. With a market valuation of $2.2 trillion, the industry remains poised to reach more audiences. However, the ecosystem faces a significant drawback; many users find taping into these...

Despite an uneventful weekend, XRP started Monday in green. Key Support levels: $0.54 Key Resistance levels: $0.68 1. Price Find Support After a roller coaster volatility, XRP’s price finally found good support at 54 cents and it seems buyers are again interested in taking this cryptocurrency higher. If successful, the current target and resistance is found at 68 cents. Chart by TradingView2. Buyers Return If over the weekend buyers were absent, they appear to have returned...

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Ripple began testing its new stablecoin on Thursday, the Ripple USD (RLUSD), on the XRP Ledger and Ethereum mainnets. RLUSD is presently in its beta stage, accessible only to Ripple’s enterprise customers. That means the token is not for public use and is not yet trading on exchanges or usable on DeFi protocols. In a blog last Thursday, Ripple announced, “Ripple USD is currently in its beta phase and is being rigorously tested by our enterprise partners. This phase is crucial for ensuring...

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Judge Analisa Torres of the US District Court for the Southern District of New York has ordered Ripple to pay $125 million to the US Securities and Exchange Commission (SEC) on August 7. The firm must make the transaction within 30 days of its judgment. Ripple had previously argued that the fine must not exceed $10 million as the SEC demanded $2 billion. A court filing mentioned that “Ripple is liable for a civil penalty in the amount of $125,035,150 pursuant to Section 20(d) of the...

TL;DR Ripple is partnering with the Dubai International Financial Center (DIFC) to enhance blockchain and crypto innovation in the UAE, focusing on early-stage companies and scale-ups. This collaboration is seen as a significant milestone for the DIFC, enhancing its role as a global hub for talent and tech. Ripple and Dubai Ripple plans to strengthen its global presence by partnering with the Dubai International Financial Center (DIFC). The DIFC is a special economic zone in...