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Ripple has minted 350,026 new Ripple USD (RLUSD) tokens, marking its first issuance in over a week. This follows last weeks record-breaking minting of 100 million RLUSD tokens, signaling Ripples aggressive push into the stablecoin market.
XRP is facing a critical inflection point as it trades around the $1.80 mark the lower boundary of its long-standing descending price channel. This level, historically known for triggering bullish reversals, is now being tested again amid growing selling pressure.
The legal fight between the US Securities and Exchange Commission (SEC) and Ripple may be coming to an end.
XRPs performance against Bitcoin (BTC) appears primed for a shift, with the XRP/BTC weekly chart tightening into a narrow range, signaling that a major move could be on the horizon. After weeks of sideways trading and minimal volatility, XRP is showing signs of building pressuresimilar to its late 2024 pattern, which preceded a notable breakout.
Ripple and the U.S. Securities and Exchange Commission (SEC) have jointly requested the U.S. Court of Appeals for the Second Circuit to pause their respective appeals, signaling a potential resolution in the long-running legal battle. The filing states both parties have reached an agreement-in-principle, though the deal still requires final approval from SEC commissioners.
Ripple Labs and the SEC have jointly filed a motion to pause their appeals in the long-running legal battle over XRP. The post Ripple and SEC Request 60-Day Pause on Appeals, Hinting at Possible Settlement appeared first on Cryptonews.
Ripples XRP is experiencing a strong rebound, climbing 10.46% to $2.05 as investor sentiment improves following the launch of the first U.S.-based XRP ETF. This surge is accompanied by a 37.92% spike in trading volume, which now exceeds $8.92 billion, according to CoinMarketCap.
A massive XRP transaction has caught the attention of the crypto community. According to blockchain tracker Whale Alert, an anonymous wallet transferred 230,770,000 XRPworth over $414 millionto another unidentified wallet.
The XRP/BTC weekly chart looks like it's about to change after the alternative cryptocurrency has been trading sideways against its main counterpart for the past few weeks; stuck in a tight range with less and less volatility.
News of the case's pending resolution may be priced in, with the price of XRP holding steady following the agreement-in-principle.
The latest decision to pause the appeal entails that “no brief will be filed on April 16th.”
In a notable divergence from Bitcoin's institutional-driven rally, XRP has emerged as a retail investor favorite, with active addresses skyrocketing by almost 500% over the past 3 years, according to recent data from crypto analytics firm Glassnode.
XRP price climbs above $1.950 with eyes on $2.00 resistance while maintaining support at $1.920 as technical indicators show bullish momentum.
The US Securities and Exchange Commission and blockchain payments firm Ripple agreed to pause their appeals in the ongoing XRP legal battle, signaling a potential move toward a final settlement.The SEC and Ripple agreed to put their appeals in “abeyance,” meaning the proceedings are now paused pending an anticipated settlement of the XRP (XRP) case. “An abeyance would conserve judicial and party resources while the parties continue to pursue a negotiated resolution of this matter,” the parties jointly stated in an April 10 court filing.
XRP price is showing a mixed outlook today, April 11. CoinMarketCap data shows Ripple has posted a slight 0.7% gain in 24 hours but trading volumes are down by 52%.
Ripple and the US Securities and Exchange Commission (SEC) have jointly requested a pause in their appeal to finalize a settlement agreement.
Ripple Just Made a Splash With a Huge $1.25 Billion Acquisition. Will It Be a Game Changer for XRP?
Ripple Labs and the U.S. Securities and Exchange Commission have jointly asked the Second Circuit Court of Appeals to pause their ongoing legal dispute, suggesting a full settlement may soon be reached. The request, filed on Apr.
Amidst the tariff turmoil of early April, XRP plunged into the unknown as it lost the critical $2 support zone.
XRP has at last breached a crucial barrier on the chart in a possible change to its market narrative. A technical milestone that frequently signals a return to bullish momentum, the asset has successfully closed above the 200-day exponential moving average (EMA) following an extended period of downward pressure.
This week, we examine Ethereum, Ripple, Cardano, Solana, and Binance Coin in greater detail. Ethereum (ETH) Ethereum continues to make new lows this year with the price touching $1,400 briefly on Wednesday before buyers returned.
Market volatility saw traders chase options for hedging and speculative activities.
Ripple and the SEC have reached an agreement-in-principle, and are waiting for approval from the Commission.
Much like the rest of the market, XRP (XRP 0.26%) took a tumble during the past three months, falling as much as 24%. Now, with fears of a new cryptocurrency bear market whirling amid global economic uncertainty, the odds of it taking another slide are looking even higher.
