Ripple (XRP)

The complaint claims that Ripple knew that its digital coin could be a security offering after receiving legal advice “as early as 2012” but disregarded it.Ripple suppressed and manipulated XRP price, created an information vacuum and deceived XRP investors for years, the SEC has alleged. The first fight in the SEC-Ripple legal battle got off with a hard punch as the United States Securities and Exchange Commission has alleged that executives of the parent company of XRP, Ripple Labs Bradley...

The last time XRP dropped to that position was in June 2014, when it fell below the meme coin Dogecoin.Ripple’s XRP has dropped further down the crypto ladder as the Binance coin (BNB) has overtaken it, sending the digital coin to the 7th position on the crypto ladder. At the time of writing, BNB price is over 36% up, trading at $183.26. The coin is hitting one record level after another and its market cap has topped $28 billion.The last time XRP dropped to that position was in June 2014...

Litecoin price started a fresh increase from the $200 support zone against the US Dollar.LTC price is now trading well above $220 support and the 55 simple moving average (4-hours).There is a crucial bullish trend line forming with support near $208 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could dips a few points, but there are high chances of a break above the $250 resistance.Litecoin price is trading in a positive zone above $200 against the US Dollar,...

Bitcoin has done it again and painted yet another all-time high, this time above the $51,000 price tag. Most altcoins have fallen against their leader, and BTC has managed to increase its market dominance to above 62%.Bitcoin’s Latest ATH At Above $51KThe past several days have been quite turbulent for the primary cryptocurrency but ultimately positive. Just on Monday, bitcoin was nearing the coveted $50,000, but a sharp retracement drove it down to a low of $46,000.However, the bulls took...

Despite the huge and ugly lawsuit pending against Ripple, the company’s cryptocurrency XRP has recently incurred a massive gain following news that Tesla has purchased approximately $1.5 billion worth of bitcoin, the world’s leading digital asset by market cap. The news suggests that all smaller altcoins still move in tandem with BTC and have yet to find their own footing in the growing world of digital currency.Ripple Shoots UpFollowing the purchase, XRP rose as much as 15 percent before...

The United States Securities and Exchange Commission (SEC) and Ripple, the fintech company behind the third-largest cryptocurrency, XRP, have clearly stated that there will not be any settlement on the current lawsuit against Ripple prior to the official trial date.No Prospect For SettlementBoth parties made this statement in a discovery letter dated February 15, 2021, which was addressed to Judge Analisa Torres. In the document, both the SEC and Ripple said that they “do not believe there is...

Barring any last-minute changes, Ripple-SEC lawsuit is expected to last all year long as the pre-trial conference has been set for February 22.Ripple and the Securities and Exchange Commission (SEC) are assiduously gearing up for their impending face-off in the law court as both parties have submitted a letter that presents their arguments ahead of the pre-trial. Not only that the parties have also admitted that there is little to no chance of them settling the litigation outside the...

XRP/USD – Bulls Back On The OffensiveKey Support Levels: $0.569, $0.505, $0.453.Key Resistance Levels: $0.609, $0.635, $0.675.XRP managed to surge by around 36% this week as the cryptocurrency trades at $0.57. Last week, XRP pushed above a descending trend line that dated back to early December 2020. After breaking this trend line, the coin started to rally, reaching as high as $0.675 yesterday.Unfortunately, it could not close a daily candle above $0.635 and has dropped lower today, spiking...

Ripple price started a fresh increase above the 0.5000 and $0.5500 resistance levels against the US dollar.The price is now trading well above the $0.5000 zone and the 55 simple moving average (4-hours).There is a key bullish trend line forming with support near $0.5400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to remain well bid above the $0.5200 and $0.5000 support levels in the near term.Ripple price is trading in a positive zone above $0.5000...

BitcoinBitcoin is up by a solid 28.2% this week as the coin set a new ATH today at $49,000. The cryptocurrency had penetrated above the previous consolidation pattern at the start of the month and started to push higher over the past week.On Monday, BTC surged from $38,800 to reach the resistance at $46,427 (1.618 Fib Extension – red). There, it established an ascending price channel. It took a couple of days for BTC to break that level.Today, Bitcoin climbed higher to set the new ATH at...