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Tag Archives: XRP

Is the Ripple (XRP) Price in Major Danger? 4 Factors to Consider

TL;DR Ripple’s XRP has dropped 10% in two weeks, with declining transaction activity and a broader market downturn suggesting that its correction may continue. The ongoing Ripple v. SEC lawsuit could introduce more volatility for XRP, with recent legal developments sparking speculation of a potential appeal by the regulator. XRP to Bleed Even More? The past two weeks have been unpleasant for Ripple’s XRP, whose price tumbled by 10% and is currently trading at around $0.53...

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Ripple’s CEO Announces Upcoming Launch of RLUSD Stablecoin

During a recent fireside chat at the Korea Blockchain Week in Seoul, Brad Garlinghouse, CEO of Ripple, provided significant updates on the company’s upcoming initiatives. Garlinghouse revealed that Ripple is nearing the launch of its U.S. dollar-pegged stablecoin, known as Ripple USD (RLUSD). The stablecoin is still in private closed beta, though its public release is expected in weeks, not months. This comes after Ripple announced last month that it had begun experimenting with RLUSD across...

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Pro-Ripple (XRP) Lawyer John Deaton Will Face Off Against Dem Sen Elizabeth Warren

John Deaton, a former Marine and prominent advocate for Ripple’s XRP, has emerged victorious in the Massachusetts Republican primary, securing his position as the GOP nominee for the U.S. Senate race. Following his victory, he will now face off against Democratic Senator Elizabeth Warren in the November elections. GOP Nomination According to a September 4 report from the Associated Press, Deaton defeated fellow Republican candidates Bob Antonellis, an industrial engineer, and...

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Bitcoin Leads with $543M in Inflows Amid Powell’s Jackson Hole Comments

Digital asset investment products attracted $533 million in inflows last week, the biggest in over a month, following Jerome Powell’s hint at the Jackson Hole Symposium that an interest rate cut might occur in September. While trading volumes were lower than in recent weeks, these products still totaled $9 billion for the past seven days. According to CoinShares’ latest edition of Digital Asset Fund Flows Weekly Report, Bitcoin dominated the market, drawing in $543 million in...

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