Ripple (XRP) has experienced a notable decline over the past week amidst mixed market conditions. This price action comes as a direct result of XRP holders capitalizing on the profitability of recent daily transactions, contributing to a sustained sell-off. The Market Value to Realized Value (MVRV) ratio, a key metric
Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) is once again under the spotlight as concerns grow over the potential appeal of a recent court decision. The SEC might challenge the ruling, which ordered Ripple to pay a $125 million civil penalty for violating securities laws by
XRP finds itself at a critical juncture as it grapples with conflicting market forces and shifting investor sentiment. While the digital asset has managed to recoup recent losses incurred during the broader cryptocurrency market downturn, its struggle to build sustained upward momentum has raised concerns among market participants. This tenuous
The crypto market saw several key actions in the Ripple vs. SEC lawsuit this week. Ripple’s chief legal officer, Stuart Alderoty, recently asked Kamala Harris to end the SEC’s war against cryptocurrency. Meanwhile, the XRP token exhibits a price increase of 0.80% after showing notable surges on August 8. Notably,
In an unexpected twist, we’ve seen a surge in accounts and investments in Solana (SOL) and Ripple (XRP) following a disappointing market downturn that saw both cryptocurrencies drop 16.5% and 23% over the week. Similarly, RCO Finance has attracted investor attention, with its presale investments on the rise, sparking predictions
A court filing states that Ripple was fined $125 million as a result of its ongoing action with the U.S Securities and Exchange Commission (SEC). At the time of writing, XRP is trading at $0.6024, up 18.15% in the last 24 hours as per data from CMC. According to the
US-based cryptocurrency firm Ripple announced a partnership with the Dubai International Financial Centre (DIFC) Innovation Hub. The partnership aims to promote blockchain and digital asset innovation in the UAE. The firm has made several advancements toward global expansion in the past few months. According to Ripple’s press release, the DIFC
Finance market commentator Vandell Aljarrah has put forth a compelling case for an impending XRP price surge. The co-founder of Black Swan Capitalist argues that half a decade of pent-up market pressure could catalyze a dramatic upswing in XRP’s valuation. This assertion, shared via social media platform X, has ignited
XRP displayed a significant swing on Friday, reflecting the global crypto market’s downturn. After a strong performance in July, where XRP surged over 30% and outpaced Bitcoin, the token has now fallen nearly 14% in just 24 hours. The price dipped from $0.65 to $0.5719, mirroring the recent BTC corrections.
As the cryptocurrency world holds its breath, Ripple and the Securities and Exchange Commission (SEC) prepare for another closed-door encounter. This imminent meeting has ignited a flurry of speculation about a potential settlement in their long-standing legal battle. Despite the anticipation, the market’s reaction paints a picture of cautious pessimism,
