Ripple (XRP)

TL;DR Ripple was ordered to pay a $125 million fine, significantly lower than the US SEC’s initial demand, with both parties able to contend until early October. Lawyer Bill Morgan now sees a reduced chance (45%-55%) of an appeal form the Commision, based on recent case developments and favorable views on Judge Torres’ ruling. The Appeal Seems Less Likely? The latest major development surrounding the lawsuit between Ripple and the US Securities and Exchange Commission (SEC)...

Digital asset investment products attracted $533 million in inflows last week, the biggest in over a month, following Jerome Powell’s hint at the Jackson Hole Symposium that an interest rate cut might occur in September. While trading volumes were lower than in recent weeks, these products still totaled $9 billion for the past seven days. According to CoinShares’ latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin dominated the market, drawing in $543 million in...

The advancement of AI-based solutions in 2024 is undeniable, and we decided to poke OpenAI’s ChatGPT on a topic that’s quite interesting for many cryptocurrency enthusiasts. Ripple and Cardano both have devoted communities, and it’s interesting to see what an impartial AI chatbot considers when determining which crypto will perform better throughout the rest of the year. So, we asked it: Source: ChatGPTChatGPT returned four reasonably interesting arguments, but before we take...

The cryptocurrency market exploded in the past 24 hours. Almost all of the cryptocurrencies are trading in the green, and Ripple’s XRP is no exception. Now, a popular analyst has come up with a rather bullish price prediction, but some other metrics are also worth watching. Ripple (XRP) Price Can Go Crazy According to DustyBC, a well-known analyst with over 150,000 followers on X and across other channels, the XRP price could go “crazy.” His chart, although rather simple,...

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Crypto firms and billionaire founders and executives have contributed massively to corporate contributions during this election cycle. The scale of donations made by the industry is “unprecedented.” A report published by Public Citizen revealed that crypto companies contributed nearly half of political donations during this year’s election cycle. Out of the $248 million contributed, $119 million comes from crypto firms like Coinbase, Ripple, and Circle. That amounts to 48% of the total...

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Much like the rest of the cryptocurrency market, XRP also went on a wild ride in August. The altcoin went through a serious crash in its value at the beginning of the month but the bulls were able to stage a v-shaped recovery, as illustrated in the chart below. Source: CoinGeckoWhile XRP’s price is moving more or less in line with the market, the total value locked within the protocol has recently crashed massively. Value Locked in XRPL Plummets 97% The total value locked...

This week, XRP, SHIB, and TRX entered greed territory. TRON took the lead with an impressive 27% price increase. Chart by TradingView1. TRON/USD In a surprising turn, TRX is approaching its all-time high at 18 cents. This is a key target for the current rally, which has made the chart bullish. This latest push comes after a successful breakout above 15 cents, which is now a key support. Chart by TradingViewTron is standing at $0.16 at press time. 2. XRP/USD XRP started the...

For the week ending Aug. 17, Bitcoin price continued its shaky action, even as low consumer inflation signaled an upcoming dollar supply glut and the S&P 500 Index rallied. The latest U.S. consumer inflation readout gave the Fed more ammo to justify a big rate cut in September. That’s bullish news for Bitcoin, because more dollars against the same supply of BTC is a recipe for price gains. Meanwhile, stocks are up again and closing in fast on their July record levels....