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Ripple's stablecoin (RLUSD) is now being used primarily on the Ethereum blockchain rather than XRP, as it became known in a report from XRP contributor "Vet_X0." Currently, $61,823,274 worth of RLUSD is being distributed on Ethereum, which is well ahead of the $21,995,883 held on the XRP Ledger.
Ahead of the key U.S. SEC's deadline to file its principal brief regarding appeals in the XRP case, Gary Gensler reiterates anti-crypto statements such as “crypto is rife with bad actors.” He says most crypto projects run on non-compliance and raise money from the public, but cryptocurrencies other than Bitcoin and Ethereum will not survive.
The crypto industry's support for Trump's inauguration suggests potential regulatory shifts favoring digital assets, impacting global markets. The post Circle joins Ripple, Coinbase to support Trump's inaugural committee appeared first on Crypto Briefing.
The price of popular cryptocurrency, XRP, eyes a major test in recent hours. After falling by 6.2% this Monday, two days ago, the price of XRP found a bottom at the 20-day moving average, which also serves as the median in Bollinger Bands indicator.
XRP, Ripple Labs' native token, appears weak and is likely to continue its downward momentum over the next few days due to bearish sentiment across the cryptocurrency landscape. As of today, January 9, 2024, XRP, along with other top assets, seems to be in decline.
Ripple's RLUSD appears set to take on industry leaders in the stablecoin space. Since its official launch on Dec. 17, 2024, RLUSD has gained traction among cryptocurrency traders.
Ripple's XRP is at a pivotal point, trading near the critical $2.40 level. After shedding 5-6% in recent days, the cryptocurrency is showing signs of consolidation, drives speculation about its next move.
The crypto market is buzzing ahead of the upcoming altseason and Donald Trump's inauguration. Amid rising positive sentiment, attention is on budget-friendly and promising altcoins, putting the spotlight on IntelMarkets (INTL). This new AI crypto is at the heart of the current market buzz with a projected 100x upside potential.
Analysts predict a 40% surge in XRP prices with the resumption of Donald Trump's presidency, as they anticipate a favorable shift in crypto regulations.
In a recently published tweet, Ripple president Monica Long has talked about Ripple's recent hot new thing RLUSD after talking to Bloomberg Crypto about it the other day.
The trading pairs available to users include RLUSD/EUR, RLUSD/USD, RLUSD/USDT, RLUSD/BTC, RLUSD/ETH, and RLUSD/XRP.
Cryptocurrency analysts of Coinidol.com report, Ripple (XRP) price has returned above the 21-day SMA and has reached a high of $2.50.
Ripple's president, Monica Long, has drives optimism in the cryptocurrency community by stating that XRP exchange-traded funds (ETFs) could soon follow Bitcoin (BTC) and Ethereum (ETH) ETFs in gaining approval. Her comments, made during a recent Bloomberg interview, suggest that the regulatory environment might be turning favorable for XRP and other altcoins under the new U.S. administration.
XRP has experienced significant price fluctuations over the years, capturing the attention of investors and analysts alike. Market expert CryptoBull recently highlighted the historical pricing trends for purchasing 10,000 XRP tokens and shared predictions for 2025.
The broader cryptocurrency market is facing liquidation amid a decline in the prices of digital assets. CoinGlass data shows that liquidation across different exchanges amounted to $483.61 million in the last 24 hours.
As the market waits for a clear move, the price of XRP appears to be containing its volatility as it consolidates within a narrowing triangle pattern. XRP is currently trading around $2.19.
Is XRP headed for a massive crash in January 2025? Explore the key factors, market trends, and predictions to understand what's next for XRP.
XRP maintains stability above $2.25 despite market pressure, with technical indicators showing mixed signals as the price consolidates below key resistance at $2.40.
The U.S. Securities and Exchange Commission (SEC) will file its opening brief regarding appeals in Ripple lawsuit by January 15. The government agency did not challenge Judge Analisa Torres' decision that XRP is not a security in itself, it appealed almost every argument it lost, including Ripple's XRP sales on crypto exchanges and personal sales
David Stryzewski, CEO of Sound Planning Group, made bold claims about Bank of America's integration of Ripple into its internal operations when recently speaking with FOX Business on January 7.
XRP large investors or whales amassed 1.08 billion tokens valued at $3 billion at current market prices during Thursday's early Asian session. This has pushed the total XRP holdings of the whale cohort to its highest level since June 2024.
Ripple President Monica Long reveals plans for imminent XRP ETF approval and RLUSD stablecoin expansion, while reporting doubled payment business growth and increased US market presence.
David Stryzewski, CEO of Sound Planning Group, said that Bank of America is conducting “100% of its internal transactions” on Ripple. According to Stryzewski, the banking giant holds “83 different patents” related to Ripple.
Ripple (XRP) is in the spotlight with a significant price growth outlook in the short term.
