Ripple (XRP)

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot. Ethereum (ETH) Ethereum lost its bullish momentum this week and closed it with a 4.4% loss. Sellers took over the price action and pushed this cryptocurrency to the key support at $3,500. However, this pullback could turn out to be a normal retest, considering the massive breakout after the ETF confirmation. As long as buyers hold the price above $3,500, there is no reason to be too...

TL;DR Ripple plans to introduce a stablecoin on the XRP Ledger and Ethereum later this year, aiming to bridge traditional finance and the cryptocurrency sector. The United States Securities and Exchange Commission (SEC) has labeled the product an “unregistered crypto asset,” continuing its longstanding legal battle with the company. Here’s the Latest Info Ripple made the headlines earlier this year when it disclosed that it would launch a stablecoin pegged to the American...

Ripple has acquired Standard Custody & Trust Company, a digital asset custodian regulated by the New York Division of Financial Services (NYDFS). This strategic acquisition is part of Ripple’s plans to expand into the growing stablecoin market, offering its users a stablecoin issued by a NYDFS-regulated entity. Those following Ripple’s ongoings first heard of its interest in purchasing the custodian a few months ago – now it has transpired. Standard Custody is the second custodian to...

Following weeks of consolidation, Ripple’s price is finally showing signs of beginning a significant move. However, this is not good news, as the anticipated move seems to be bearish. By TradingRage The USDT Paired Chart Against USDT, XRP has been consolidating inside a symmetrical triangle pattern over the last couple of months since dropping below the 200-day moving average. On Friday, the market experienced a sudden drop. While the price has recovered more than half of its...

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TL;DR XRP has been trading around $0.52 recently, but analysts predict a potential rise to $0.70 this summer as the token supposedly nears the end of a long consolidation phase​. While some foresee gains, others predict a possible drop to $0.27. Is It Time for XRP to Shine? Ripple’s XRP is one of the few leading cryptocurrencies that have not experienced a substantial price increase in the past few weeks. It has consolidated around the $0.5 mark, while its market cap has...

TL;DR Ripple and the SEC have been in a significant dispute involving key witness testimony from Andrea Fox. The entities have also clashed over the sealing of certain financial documents, with the regulator viewing this data as critical to the case. The Clash Over Key Testimony The infamous legal battle between Ripple and the US Securities and Exchange Commission (SEC) has been ongoing since December 2020. Back then, the regulator accused the firm of raising over $1.3...

The cryptocurrency market has taken a u-turn in the past hour, with the majority of coins dropping considerably. Bitcoin’s price now trades below $70K, while the market sees close to $200 million worth of liquidated positions. BTC took a sudden hit as its price plummeted below $70K following what many considered a renewal of the bull run. Source: Binance via TradingView As seen in the chart above, the move was relatively sudden, completing a decline of around 2.5% in the past...

Following the recent rally of the broader crypto market, a large percentage of the circulating supply of most cryptocurrencies is currently in profit. Market intelligence platform Santiment has revealed that bitcoin (BTC) and ether (ETH) are the top dogs in terms of long-term investment profitability, surpassing assets like Chainlink (LINK), Dogecoin (DOGE), Ripple (XRP), and Cardano (ADA). Crypto Assets in Profit The percentage of a cryptocurrency’s supply in profit is...

TL;DR Jim Cramer suggested the SEC has lost its case against Ripple, sparking mixed reactions due to his past inaccurate crypto predictions. The lawsuit started in December 2020 over unregistered securities allegations, with the company securing partial court wins in 2023, potentially impacting XRP’s price volatility. Mixed Feelings Following Cramer’s Claim Earlier this week, the popular American TV personality Jim Cramer participated in a discussion with the US SEC’s...