Ripple (XRP)

Ripple’s price shows bearish signs; if the current key support level breaks – the drop could escalate even faster. Technical Analysis By Edris The USDT Paired Chart On the USDT paired chart, the price has held above the 200-day moving average, around the $0.5 mark, over the past few weeks. However, the price is currently testing the 200-day moving average. If this moving average breaks down, the price will drop quickly towards the $0.43 level. On the other hand, if the price...

Litecoin is slowly moving higher from the $60 support against the US Dollar. LTC price is now trading above $65 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $68.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could gain bullish momentum if it clears the $68 and $70 resistance levels. Litecoin price is recovering from the $60 zone against the US Dollar, similar to Bitcoin....

Leading cryptocurrency exchange OKX has released its tenth proof-of-reserves (PoR) report, becoming the first digital asset platform to release ten consecutive monthly PoR reports. According to a press release, the latest numbers show balances of $10.4 billion in primary crypto assets like bitcoin (BTC), ether (ETH), and Tether (USDT). OKX Publishes 10th PoR Report The Seychelles-based exchange covered 22 digital assets, including USD Coin (USDC), Ripple (XRP), Dogecoin...

In the ongoing debate on Ripple (XRP) and its intrinsic value, attorney Deaton’s response to Australian-based lawyer Bill Morgan’s criticism of the U.S. Securities and Exchange Commission’s (SEC) stance has sparked further discussion. The central point of contention lies in whether XRP possesses intrinsic value, a question that holds significant implications for the regulatory classification of the cryptocurrency. Maybe the SEC should read Howey again: “The test is whether...

A little-discussed memo from the Securities and Exchange Commission (SEC) from five years ago may suggest that the agency faced internal struggles in concluding whether XRP was a security, according to crypto lawyer John Deaton. This may indicate that Ripple – the company behind XRP – was not legally reckless in issuing the token years prior, as the SEC has often alleged. The SEC’s Memo According to Deaton, the “Howey memo” was written by SEC enforcement lawyers, and received...

On-chain data tracker Whale Charts just flagged a massive XRP transaction, which could spell doom for the popular crypto asset. As per Whale Charts’ tweet, an anonymous investor moved about 28.4 million Ripple (XRP), equivalent to roughly $14.9 million, into Bitstamp. The amount was transferred from wallet r4wf7enWPx to another Bitstamp wallet, rDsbeomae4. Of course, substantial transfers are not new to XRP. Nonetheless, the shift towards an exchange wallet signaled a...

Ripple is feeling very confident following its recent SEC victory. So confident, in fact, that in a recent interview, representatives said they think many banks will want to use XRP (the official cryptocurrency of Ripple) to aid in cross-border payments. Ripple Wants XRP to Be a Primary Cross-Border Tool The company stated it’s already engaged in several talks with banks and other traditional financial institutions throughout the U.S. about the use of XRP in...

Ripple price is facing resistance near the $0.535 level against the US dollar. The price is now trading below $0.525 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.540 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start another decline if it stays below $0.540 and $0.564. Ripple price is struggling below $0.540 against the US Dollar, like Bitcoin. XRP price must...

Even as XRP encountered considerable upheaval due to escalating regulatory challenges, South Korean investors have remained unfazed. In fact, the asset has emerged as the most preferred one in their portfolios, especially those in their 20s. This is evident by new findings, which show XRP comprising 20.7% of their investments, surpassing the combined 17.5% allocation for Bitcoin and Ethereum. Overall, the proportion of XRP in the portfolios of individuals in their twenties...

John Deaton, founder of CryptolawUS and an advocate for XRP holders, spoke out against the SEC’s “aiding and abetting” allegations against Brad Garlinghouse, CEO of Ripple. Deaton claims that the situation might have been prevented if the SEC had allowed previous executives Bill Hinman and Jay Clayton to testify sooner. In the Ripple v. SEC litigation, Digital Asset Investor said that he would have called former SEC employees Jay Clayton and Bill Hinman, as well as a16z...