Ripple (XRP)

Ripple’s recent activity has highlighted a bearish trend, with a rejection at the 200-day moving average of $0.53. This resistance has halted the cryptocurrency’s previous upward momentum, driving the price back toward the $0.5 support level. Therefore, this raises concerns about its prospects. By Shayan The Daily Chart On the daily chart, XRP recently encountered selling pressure after a minor retracement toward the 200-day moving average, leading to a sharp rejection. This...

Ripple’s recent price action reflects a cautious market, with a temporary rebound from the critical $0.5 support zone toward the 200-day moving average. However, a rejection at this level could solidify the ongoing bearish trend. XRP Analysis By Shayan The Daily Chart On the daily chart, XRP faced renewed selling pressure after failing to sustain gains near the 200-day moving average at $0.57. This level has acted as a strong resistance, and a breakdown below the 200-day MA...

TL;DR Ripple co-founder Chris Larsen endorsed Kamala Harris, citing her pro-innovation stance and connections to the Bay Area tech scene. The US presidential candidate recently voiced support for a crypto regulatory framework aimed at protecting vulnerable groups but has yet to provide specific policy details. ‘Excited About Harris’ Economic Message’ The US presidential elections are less than a week away (scheduled for November 5), with Republican Donald Trump facing...

TL;DR The SEC continued the legal battle with Ripple by filing an official appeal on a specific summary judgment. The company’s CLO likened the regulator’s desire to prevail in the case to the tragic end of Captain Ahab from the novel Moby Dick. What Does the SEC Hope for? The legal tussle between Ripple and the US Securities and Exchange Commission (SEC) seems nowhere near its end following the latest move by the agency. Recall that it officially appealed a 2023 verdict of...

TL;DR Ripple plans to launch a stablecoin, RLUSD, later this year, which could boost confidence in its technology and possibly result in a rallying XRP price. Another element that could impact the token’s volatility is the Ripple v. SEC case, whose official end seems to be prolonged in the future. ChatGPT’s Estimation In April this year, Ripple revealed its plans to introduce a stablecoin pegged 1:1 to the US dollar. In the following months, the team shed further details...

Crypto payments company Ripple has revealed its preliminary exchange and market maker partners for the launch of its dollar-pegged stablecoin Ripple USD (RLUSD). The exchange partners are Bitstamp, Bitso, Bullish, CoinMENA, Independent Reserve, MoonPay, and Uphold. In addition, B2C2 and fellow market maker Keyrock will provide liquidity support for RLUSD. Advisory Appointments “With our initial exchange partners, clear utility and demand for RLUSD, and a strong focus on...

With just over 20 days until the US presidential election, the race is heading into its decisive phase, and the stakes are high for the crypto industry. Over the past few days, prediction markets have flipped, placing higher odds on Republican and pro-crypto advocate Donald Trump securing a win compared to his Democratic competitor, Vice President Kamala Harris. This political shift to Republicans has contributed to significant inflows of digital assets over the past week....

Ripple recently faced significant selling pressure after being rejected at the critical $0.65 resistance level. This resulted in a 23% price drop, breaking below the 100—and 200-day moving averages. This price action hints at a potential downtrend continuation toward the $0.5 mark. By Shayan The Daily Chart Ripple recently encountered intense selling pressure following a notable rejection at the critical $0.65 resistance level, resulting in a 23% decline. This zone has...

TL;DR An ETF approval could fuel a triple-digit XRP rally in the mid-term (according to ChatGPT). Despite the positive outlook, there is a risk of a “Buy the Rumor, Sell the News” effect, where prices fall after the possible green light. The Potential Price Targets Ever since the launch of exchange-traded funds (ETFs) in the US tracking the performance of Bitcoin (in January 2024) and Ethereum (July 2024), industry participants have been wondering what’s coming next. There...

The firm behind XRP has announced the launch of several new features and functionalities for Ripple Custody. With this, the company aims to improve its custody technology for fintech and crypto users. Crypto custody is a relatively new area for the entity, which has streamlined its efforts under the recently launched Ripple Custody division. Expansion of Ripple Custody According to its official press release, the latest update includes the integration of a transaction...