The XRP price has erased all the gains it achieved on Wednesday, following the U.S. Securities and Exchange Commission’s (SEC) unanticipated decision to cancel a planned closed-door meeting with Ripple. This meeting, which was scheduled to take place on July 18, was widely anticipated by the cryptocurrency community as a
The XRP price, once speculated to be lifeless due to its relatively stagnant behavior since the beginning of the second quarter, has defied expectations by demonstrating a remarkable resurgence. While other altcoins were receiving sufficient buying pressure at regular intervals, XRP struggled to attract the masses, resulting in a prolonged
While the global crypto market turns positive, Ripple’s XRP has firm signs of resurgence, bolstered by improving market sentiment and anticipation surrounding upcoming SEC developments. The XRP market sentiment has notably turned positive, buoyed by expectations surrounding an upcoming SEC settlement discussion scheduled for July 18th. Speculation is rife that
As the bullish recovery in the cross-border payment system gains momentum, the cryptocurrency market has witnessed a strong resurgence in its valuation. The Bitcoin price has successfully reclaimed the crucial $60,000 mark, signaling increased positive sentiment across the crypto space. In the wake of this development, top altcoins have mirrored
As the cryptocurrency world marks a pivotal moment, Ripple enthusiasts are commemorating the first anniversary of a significant legal triumph. Stuart Alderoty, Ripple’s Chief Legal Officer, recently shared reflections ahead of this milestone, highlighting the impact of Judge Torres’ Summary Judgment in the SEC v Ripple lawsuit. “At its core,
Despite the prevailing declining trend, the XRP price action is revealing a bearish falling wedge pattern that could potentially lead to a bullish outcome. The recent market crash has pushed the Ripple token below the crucial $0.50 psychological mark, raising concerns among investors. However, with the latest XRP price recovery
Ripple recently sent a substantial amount of XRP tokens from its reserves to several different crypto wallets. The transaction, which involved approximately 150 million XRP worth around $66 million, has drawn attention from the crypto community, although it did not have an immediate impact on the price of XRP. Ripple’s
The overall crypto market, much to investor relief, has begun showing signs of price recovery. Leading cryptocurrencies have shown upward movements in price. Parallely, Ripple’s XRP also witnessed price hikes in Asian morning hours. The token recorded a 1.53% increase in price over the last 24 hours. Notably, it initially
The Ripple Network (XRP) experienced a remarkable surge in adoption rate on July 8, causing the total transaction count recorded on that day to reach levels last seen in February. This increase in user demand on the network also triggered a rally in XRP’s trading activity, with the altcoin’s daily
XRP, the native cryptocurrency of the XRP Ledger (XRPL), has experienced a rollercoaster ride since reaching its all-time high (ATH) of $3.40 in January 2018. According to an analysis by crypto researcher Bitcoin Ape, Ripple is currently trading approximately 86% below its peak. Despite this downturn, XRP has managed to
