Ripple (XRP)

Morgan asserts that XRP sales fail to meet at least two of Howey test prongs, making the SEC’s case weak. With the facts apparently not aligning with the Howey framework, he sees little room for the SEC to overturn the earlier judgment. In the ongoing Ripple versus SEC case over XRP, legal experts are assessing the chances of a successful SEC appeal after Judge Analisa Torres granted Ripple a partial win in July. The judge ruled that XRP sales on public exchanges were not unregistered...

XRP price is gaining pace above the $0.505 support against the US dollar. The price is now trading above $0.512 and the 55 simple moving average (4 hours). There is a key rising channel forming with resistance near $0.5350 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if it stays above $0.500. XRP price is rising above $0.505 against the US Dollar, like Bitcoin. The price must stay above $0.500 to continue...

Newbie developers are increasingly departing a crypto project while more “established” ones (more than two years) and those categorized as “emerging” (who have been working for one to two years) have remained relatively resilient over the past year. A new study by Electric Capital shows that Ripple is one of the few projects that witnessed an increase in its developer counts as of October. The XRP ecosystem recorded more than 18% YoY growth and currently has 172 monthly...

Ripple (XRP) is the 5th largest crypto by market cap behind BTC, ETH, USDT, and BNB. In mid-October 2023, Ripple had a market capitalization of $26.6 billion. XRP price began to rally again in mid-October after six months of hardly moving (other than a July spike that lasted about a few weeks). Here are six major XRP price factors moving forward: 1. Tailwind: SEC Drops Charges Against Ripple Executives Ripple tokens jumped to 6% gains on the 7-day window Thursday after...

TL;DR Following Ripple’s SEC win, XRP surged to $0.53. Big investors now control 29.5% of its supply. Legal victories and increased holdings indicate potential for new XRP highs. Both human analysts and AI, like ChatGPT, foresee regulatory clarity boosting XRP’s future value. XRP Sharks and Whales Control Almost 30% of the Supply Ripple and its native token – XRP – have splashed the waters in the cryptocurrency space once again after the company secured a third court victory...

It’s been one hell of a week. Bitcoin’s price is up by a whopping 10% throughout it, and the entire market is painted in green. Ripple’s streak of wins against the US Securities and Exchange Commission continues. There’s a lot to unpack, so let’s dive in! First things first, after a relatively boring weekend where nothing much happened, it was all engines go on Monday. And yet, the reason will astound you. A report came out that the United States Securities and Exchange...

XRP price has surged to $0.53, marking its highest point in the past 10 days. The fifth-largest crypto-asset had maintained a relatively stable range between $0.48 and $0.52. The latest data suggest that a cohort of addresses, dubbed the “smart money tiers,” has been accumulating since the start of October. XRP appears to be on a promising trajectory towards sustained impressive performance, and this can be attributed to certain developments that have occurred behind the...

According to the Binance report, the crypto market saw declines across the board in Q3, as fundraising and developer activities tanked. Binance has called the third quarter of 2023 “a challenging quarter” for crypto. In its Q3 “Market Pulse” report, Binance highlighted a few drawbacks the crypto industry faced, adding insights and shedding light on the general state of the industry. The report revealed declines in the industry across several points. For instance, Binance notes that the...

TL;DR Speculation suggests France might use XRP for its digital euro, backed by positive references from Banque de France. The European Union is progressing towards a digital euro with recent European Central Bank movements. Bhutan and Montenegro have already collaborated with Ripple for their CBDC efforts. Could XRP Find a Spot in France’s Future Financial Plans? Several X (Twitter) users have recently speculated that one of the leading European economies – France – might...

TL;DR US attorney John E Deaton noticed a potential shift in the SEC’s stance towards the cryptocurrency industry, especially after not leveraging the recent fake BTC ETF news to criticize the sector. Previously, SEC’s Chairman Gary Gensler frequently associated crypto with negative activities. Deaton suggests Gensler’s behavior may be influenced by major institutions’ opinions. Despite a rumor that the SEC approved BlackRock’s BTC ETF application causing a price surge, the...