Ripple (XRP)

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot. Ethereum (ETH) Ethereum fell by 3% this week, and buyers appear to struggle to defend the key support at $3,500. So far, they have managed to prevent a breakdown. If sellers maintain the pressure, ETH could have a difficult week ahead. The past five weekly candles closed with a lower low. This puts the second-largest cryptocurrency in a clear downtrend. To reverse this, ETH has to move...

Ripple chief executive officer Brad Garlinghouse has slammed Gary Gensler, the chairman of the United States Securities and Exchange Commission (SEC), for his recent slander about most crypto executives going to jail. Garlinghouse stated in a tweet that Gensler and his approach to crypto regulation would cause U.S. President Joe Biden to lose the upcoming elections. Gensler on Crypto Execs During an interview with Bloomberg on Tuesday, Gensler spoke about the U.S. crypto...

Massive movements of a large number of XRP tokens have been taking place throughout the past 24 hours, and many are wondering what’s their purpose. In total, over 70 million worth of XRP has been on the move, part of it going out of known Binance addresses. The first one saw 28,218,783 XRP worth around $13.5 million (at the time of the transaction) transferred from Binance. The second one saw 26,234,427 XRP worth around $12.4M transferred from the exchange. The last one saw...

The cryptocurrency market is ever-evolving, with different tokens showing unique trends and developments. This article explores the recent movements of Toncoin, Cardano, Ripple, and Furrever Token, highlighting their potential and growth in the crypto space. Toncoin’s Potential Rise Toncoin has been garnering attention due to its recent price movements and market potential. Analysts are optimistic about its performance this week, predicting a possible upward trend. This optimism is...

While everyone seems to be focused on the developments surrounding the case between Ripple Labs and the United States Securities and Exchange Commission, the XRP Ledger has managed to achieve a considerable milestone. XRPL Hits an Important Milestone The XRP Ledger (XRPL) is a public blockchain designed to allow for quick, low-cost, real-time transfer of fiat currencies, XRP, and a range of other digital assets. The network recently achieved a considerable milestone: over 10...

Ripple is currently in a prolonged consolidation phase, hovering near a decisive support region with minimal volatility and slight movements. An imminent breakout is expected, with its direction likely indicating the upcoming trend. By Shayan The Daily Chart A detailed examination of the daily chart reveals that Ripple has been consolidating between the substantial support of $0.47 and the crucial resistance of $0.55, with the price forming a sideways triangle pattern. On...

In the following, we take a look at ChatGPT’s breakdown and analysis on the question of how high XRP can go if Bitcoin’s price reaches $1 million. The $1 million BTC price prediction was made by the popular analytics firm Bernstein Research. As CyrptoPotato reported earlier in June, Bernstein analysts predicted that BTC could reach $200K by the end of 2025. The experts further expect the cryptocurrency to reach $1 million by 2023, outlining: “We believe bitcoin is in a new...

Ripple CEO Brad Garlinghouse’s statements from a 2017 interview have incited a securities investigation in California. California District Judge Phyllis Hamilton has stated that XRP, Ripple’s native token, is a security when offered to retail investors. According to her, Ripple created an expectation of profits for retail investors, which is a component in the Howey Test used to determine if investments are securities. “The court declines to find as a matter of law that a reasonable investor...

Ripple’s ongoing case is undoubtedly at the forefront of the cryptocurrency industry, and its outcome is likely to have an impact on the price of XRP. However, analysts are taking the opportunity to forecast potential price points based on certain technical patterns, irrespective of the SEC lawsuit’s outcome. One such analyst is EGRAG CRYPTO, who recently pointed out a bullish candle formation known as the quarterly hammer. Ripple Price Prediction for 2024 The analyst points...

It’s been a tough week, and there are no two ways around it. The total cryptocurrency market capitalization declined by more than $70 billion as Bitcoin’s price dipped below $64K. It’s been somewhat of a rollercoaster ride throughout the past seven days as the BTC price attempted to recover on a few occasions but failed to regain its position. Last Friday, the cryptocurrency tumbled toward $65K but the bulls were quick to recover during the weekend. As soon as the new week...