TL;DR The XRP Ledger has undergone a code review to enable RLUSD integration with Automated Market Makers (AMMs), with further updates pending. Ripple recently warned users to be cautious of scams, as the stablecoin is not yet publicly launched. The Latest RLUSD Development In April this year, Ripple disclosed it will introduce a stablecoin pegged 1:1 to the American dollar. The news sparked huge excitement across the XRP community, with many members wondering about the...
Read More »Ripple Price Analysis: Calm Before the Storm for XRP Following Long Consolidation?
Ripple’s price has been consolidating in a very tight range in the last few days, and it has yet to give any indication of its future direction. By Edris Derakhshi (TradingRage) The USDT Paired Chart On the USDT paired chart, the price has recently experienced a massive drop from the $0.65 level, breaking below the 200-day moving average, which is located near the $0.55 mark. Over the last week, the market has been moving sideways below the 200-day moving average and has...
Read More »Ripple Price Analysis: Is XRP Headed for a Drop to $0.5?
Ripple’s price has recently experienced a significant decline, just as market participants were becoming optimistic about the beginning of a new bullish run. By Edris Derakhshi (TradingRage) The USDT Paired Chart Against USDT, the XRP price broke above the $0.6 resistance level last week. Unfortunately,, it failed to hold above, and it crashed rapidly below the level and the 200-day moving average, located around the $0.55 mark. The market has also failed to climb above the...
Read More »How Likely Is an SEC Appeal in the Ripple (XRP) Lawsuit? Lawyer Chips In
TL;DR A potential appeal by the SEC is becoming more likely, with one expert estimating a 60% chance. However, he doesn’t have the best track history when it comes to this particular case. An Appeal on the Horizon? Despite the recent developments, the legal battle between Ripple and the US Securities and Exchange Commission (SEC) remains ongoing. The latest important ruling occurred in August when Federal Judge Torres determined that the sales of XRP on secondary markets to...
Read More »Ripple Price Analysis: XRP Skyrockets 10% in 2 Days but is the Rally Over?
Ripple’s price is finally showing bullish momentum on the USDT and BTC pairs as it has taken out significant resistance levels. Yet, there’s still much work to do. XRP Price Analysis By Edris Derakhshi (TradingRage) The USDT Paired Chart Against USDT, the Ripple price has been reeling since it rebounded from the $0.5 support level, breaking above the 200-day moving average (around $0.55) and the critical $0.66 mark. The cryptocurrency is finally on its way to testing the $0.7...
Read More »Ripple (XRP) Soars to 7-Week Peak, Bitcoin (BTC) Calms Below $66K: Weekend Watch
Bitcoin’s price actions have calmed once again during the weekend, and the asset has retraced by a grand since the $66,500 peak registered earlier. Most altcoins have also corrected on a daily scale, aside from Ripple’s native token, which has soared past $0.62 for the first time since early August. BTC Falls Short at $66K Last weekend went in a similar fashion, as the largest digital asset slipped from $64,000 to around $63,000. However, it went on the offensive once again...
Read More »Former SEC Lawyer Reveals Commission Could Appeal Ripple (XRP) Case: Expert Thoughts
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Read More »Huge Ripple (XRP) Rally Possible in October According to This Analyst but is it Realistic?
TL;DR A popular analyst expects an Uptober for XRP, driven by the potential resolution of the Ripple v. SEC lawsuit and increased adoption. EGRAG CRYPTO predicts XRP could reach a new all-time high of $13 in the following months, though this is considered unlikely. The XRP Army is Waiting for Uptober October is a typically bullish month for the cryptocurrency market, with the prices of Bitcoin (BTC) and other leading digital assets often recording substantial gains during...
Read More »Bitcoin Pumps to $64K, Fed Cuts Rates, Saylor Buys More BTC: This Week’s Recap
There’s been no shortage of news over the past seven days. During this period, the total cryptocurrency market capitalization managed to add close to $140 billion. This happened on the back of significant gains charted by the majority of coins, so let’s take a closer look. First things first, the long-anticipated rate cut is now a fact. The US Federal Reserve announced on Wednesday that it is decreasing interest rates by 0.5%, a considerable move that sent ripples across all...
Read More »Ripple Labs-backed XRP on Brink of Macro Bullish Breakout Fueled by Whale Investors
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