Renowned market analyst Steph has ignited discussions in the cryptocurrency community with a bold prediction for Ripple coin’s future price action. His analysis, shared on social media platform X, suggests that XRP could be on the verge of a significant breakout, potentially reaching as high as $40 in the long
The crypto market experienced bearish momentum last week but is now seeing a gradual recovery. The market cap stands at $2.01 trillion, up 2.64%, while overall trading volume has surged by 28.83%. Bitcoin has risen 3.4%, trading at $57,145, and top altcoins are following with daily gains of 2-6%. XRP,
SEC Ripple Case Update: Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) has taken a new turn, with the company seeking a stay on the $125 million penalty recently imposed. This comes amid rising concerns over a possible SEC appeal following the recent ruling in favor of
Brad Garlinghouse, CEO of Ripple announced at Korea Blockchain Week in Seoul that the company is nearing the launch of its new stablecoin, Ripple USD (RLUSD). Set to launch within weeks, RLUSD is currently in a closed beta phase. The stablecoin is designed to complement Ripple’s existing XRP tokens. It
Ripple’s XRP has embarked on a notable upward trajectory since the week’s commencement, signaling a resurgence in buying sentiment within the cryptocurrency market. This positive price action coincides with a significant technological development: the expansion of Ethereum-compatible smart contracts to the XRP ledger. This enhancement promises to unlock new possibilities
Ripple, a leading blockchain-based digital payment network and protocol, has announced significant advancements in Korea and Japan. The company has forged valuable partnerships with a plan to enhance the adoption and functionality of blockchain technology across institutions in these regions. In a long X (Twitter) thread today, Ripple revealed that
Ripple’s Chief Legal Officer, Stuart Alderoty, has openly criticized the U.S. Securities and Exchange Commission (SEC) for its repeated use of the term “crypto asset security”. Alderoty in his X post stated, “The term ‘crypto asset security’ is nowhere to be found in any statute, it’s a fabricated term with
In the wake of Ripple unlocking 1 billion tokens from escrow, the price of XRP fell. This action aims to improve market predictability and transparency via a long-term plan for managing the token supply. Despite this goal, investors were understandably wary based on the market’s quick response. With its well-coordinated
Ripple’s XRP finds itself in a precarious position as its price continues to hover around the $0.60 mark, a level it has struggled to break free from for the past month and a half. This prolonged period of stagnation is gradually eroding bullish sentiment, potentially setting the stage for a
Ripple’s XRP has demonstrated remarkable stability in the face of a substantial token transfer to Binance, defying typical market reactions to such events. The movement of 33 million XRP tokens, valued at approximately $20 million, to a Binance wallet on Tuesday failed to trigger the expected market volatility. This muted
