The current situation of Ripple’s XRP holdings was detailed in the company’s recently published voluntary Q4 2023 report. A significant reduction in Ripple’s XRP holdings, as shown in the report, suggests a change in strategy. From the third quarter of 2023 to the fourth quarter of the same year, Ripple’s
After the biggest breach of 2024 thus far—a $112 million attack on Ripple co-founder Chris Larsen’s personal wallet on January 31—cryptocurrency exchange Binance froze $4.2 million worth of XRP. Richard Teng, CEO of Binance, took to social media to announce that the exchange has blocked the exploiter’s address. He also
XRP slipped over 5% in the last few hours, violating multiple price floors as bears seized short-term control. The token also fought to hold above the psychologically important $0.51 mark. The breakdown revives downside risks, depending on whether or not crucial support bottles up selling pressure. After spiking briefly on
ZachXBT, an on-chain independent investigator reported that a huge breach at Ripple had resulted in the loss of almost 213 million XRP, which is worth about $112.5 million. Major crypto firm’s security practices came under scrutiny after the event, which was revealed on January 31, 2024, caused widespread worry among
A prominent U.S.-based cryptocurrency exchange has successfully defended its users’ transaction data privacy amidst the ongoing XRP lawsuit involving Ripple Labs and plaintiff Vladi Zakinov. According to an on-chain investigator known as Mr. Huber, the U.S. court has sided with Kraken’s argument, dismissing the request for the direct transfer of
In the volatile world of cryptocurrency, opportunities for significant gains often come as quickly as they go. For those who may have missed out on XRP’s historic surge in the past, a new altcoin opportunity has emerged on the horizon. Meet Pandoshi (PAMBO), an altcoin priced at $0.008 in its
XRP bears have forced the token’s price into a precarious position following a punishing multi-week selloff that threatens to turn ugly. This week’s failed rally attempt marked the latest display of selling momentum, overwhelming struggling buyers near former support. The breakdown places XRP price action at the lower band of
XRP failed in its attempt to turn the $0.57 level into support over the weekend as bears continued to apply intense downside pressure. The token has shed nearly 7% over the past week and currently trades around $0.54 following another 2% daily slump. The broader crypto retreat has engulfed XRP
XRP finds itself at a pivotal moment, theoretically days away from a major price breakout or breakdown. The cryptocurrency has formed a symmetrical triangle pattern on its chart as buyers and sellers fight for control. XRP has been confined to the triangle structure since its surge to 2023 highs of
In the latest development involving the cryptocurrency XRP, a substantial transfer of 443.1 million XRP, equivalent to $254.8 million based on the current price of $0.573 per XRP, has taken place between two wallets. The transaction, which occurred just over an hour ago, has garnered significant interest and speculation within
