Ripple (XRP)

Ripple, the company behind the popular cryptocurrency XRP, is planning a $285 million share buyback from its earliest investors and employees, according to a Wednesday report from Reuters. The tender offer would value the company at $11.3 billion, and only allow investors to sell up to 6% of their stake, anonymous sources told the media outlet. Confirming the news, Ripple said it would spend $500 million on the buyback, covering both taxes and conversion costs on restricted...

Ripple has recently faced heightened selling pressure, propelling the price below a crucial support region that includes the wedge’s lower boundary and the 100-day and 200-day moving averages. However, a completed pullback has recently emerged, confirming the validity of the breakout. By Shayan The Daily Chart The daily chart reveals a pronounced drop in Ripple’s price, breaching its multi-month sideways consolidation range. This occurrence initiated a substantial number of...

XRP price started a fresh decline from the $0.600 resistance against the US dollar. The price is now trading below $0.585 and the 55 simple moving average (4 hours). There is a key declining channel forming with resistance near $0.5715 on the 4-hour chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it breaks the $0.532 support zone. XRP price is struggling below $0.600 against the US Dollar, unlike Bitcoin. The price could...

Following an extended period of sideways consolidation, the price underwent an unforeseen impulsive cascade, breaching the lower boundary of the range. Consequently, the market appears to have transitioned into a phase of successive bearish movements, signaling prevailing negative sentiment. By Shayan Ripple Price Analysis: The Daily Chart Examining the daily chart reveals that Ripple has decisively broken below its multi-month sideways consolidation range, experiencing a...

TL;DR Ripple’s XRP saw a significant price rally in 2023, and its future success depends on several factors, including technological advancements in cross-border payments. Legal developments, particularly Ripple’s ongoing lawsuit with the SEC, are critical in determining XRP’s future. The outcome could significantly impact investor confidence and the cryptocurrency market. Analysts and experts have varying predictions for XRP’s future price, with some laying out extremely...

Litecoin started a fresh decline from the $78.00 resistance zone against the US Dollar. LTC price is now trading below $70.00 and the 55 simple moving average (4 hours). There was a break below a key contracting triangle with support at $72.50 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could continue to move down unless the bulls protect the $60.00 support zone. Litecoin price is struggling below $70.00 against the US Dollar, like...

Ripple’s price has been navigating an extended sideways consolidation phase, displaying slight volatility. As the price approaches the narrow confines of the symmetrical triangle pattern, the potential for a significant move in either direction becomes increasingly likely. By Shayan Ripple Price Analysis: The Daily Chart A closer look at the daily chart reveals a robust support region comprising the 100-day and 200-day moving averages, along with the lower boundary of the...

What an eventful year it has been for the crypto industry! With 2023 coming to an end, the cryptocurrency space has had its share of battles and victories, all of which continue to shape an industry that, though still growing, has managed to make a mark in the global financial sector. This year, regulators came down hard on key players in the market, one of the biggest and most influential CEOs pleaded guilty to a criminal charge, and the hype around a spot Bitcoin...

An illuminating conversation unfolded on X this week about XRP Ledger’s smart contract features. A Ripple expert corrected some misconceptions that Ripple is not as feature-rich as its competitors. Are Ripple Use Cases Limited? If you ask Google Bard or any AI chatbot why XRP price hasn’t shown the kind of gains Bitcoin (BTC) and Solana (SOL) have this year, it might tell you it’s because Ripple doesn’t have as many use cases: “While XRP is initially designed for fast and...

TL;DR Ripple had several partial legal victories against the SEC in 2023, including a ruling favoring its XRP sales and the clearing of its executives from allegations. The court’s decisions led to positive market reactions for XRP, with major cryptocurrency exchanges re-listing the token. The final trial in the Ripple-SEC lawsuit is set for April 2024, with outcomes eagerly awaited by the cryptocurrency sector, as they could significantly influence the market and regulatory...