Ripple CLO Calls for Closure of SEC Lawsuit on 4th Anniversary
Stuart Alderoty has urged the incoming Trump administration to resolve the SEC's lawsuit against Ripple, while XRP holds steady at $2.21 support level.
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Stuart Alderoty has urged the incoming Trump administration to resolve the SEC's lawsuit against Ripple, while XRP holds steady at $2.21 support level.
The price of XRP has dropped by approximately 8% over the past seven days, currently trading just above two dollars and twenty-one cents. Last week, the launch of the RLUSD stablecoin caused a spike from $2.40 to $2.70, but sellers ultimately took control.
XRP bulls are positioning for a breakout after pushing prices to $2.19 amid surging market activity. With technical indicators showing a potential rally ahead, traders are setting their sights on the $2.50 threshold.
The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) which began in December 2020 with the arrival of Joe Biden as US president has now continued for 4 long years.
XRP price hovers at a crucial $2.20 support level, sparking debates about its future. Will it rally to $10 or face declines to $1?
A new week has started with bears putting the pressure on, according to CoinMarketCap.
XRP has recently found support around the 26 EMA, a significant level often acting as a pivot for market sentiment. The asset's price has shown consolidation in this area, indicating a potential reversal or further downside if the level fails to hold.
Cardano's Charles Hoskinson is cozying up to Ripple Labs in a likely push for partnership.
The purchase did little to buoy sentiment for bitcoin, which recorded its first seven-day loss since early November.
XRP ranked top among the most traded altcoins in December after a period marked with mixed movements. The asset price spiked to new highs not seen in three years before dropping nearly in two weeks.
Ripple chief technology officer (CTO) David Schwartz has published a tweet that ignited a discussion within the XRP community. Crypto fans began to discuss prospects of potential XRP price increase.
XRP, the fourth largest cryptocurrency by market capitalization, has experienced growth in its price and number of holders. XRP has seen a significant increase in nonempty wallets; according to on-chain analytics firm Santiment, the huge recent increase in XRP wallets, followed by a steady record rise in Ethereum wallets shows a massive two-year crypto growth.
XRP has faced a significant downturn in recent days, with its price dropping nearly 20% from an intraday high of $2.7255 on December 17 to $2.20 as of December 23, 2024. This decline comes amid broader struggles in the cryptocurrency market, where macroeconomic factors have driven a sharp sell-off.
Ripple is navigating a pivotal range between $1.8 and $3, with recent price action highlighting the likelihood of a consolidation phase. A breakout from this range will likely determine its next significant trend.
Ripple's native cryptocurrency XRP has shown major strength during the crypto market pullback, despite a 400% gain amid rising hopes of an XRP ETF launch. Ripple price is currently trading in a bull-flag pattern and eyeing a breakout to the $3.5 level.
XRP has seen an explosive surge in price, with the token recently hitting $2.23. However, this rally has raised concerns about whether the altcoin is overvalued or if it has the potential to continue climbing.
With the digital currency ecosystem in consolidation mode, XRP bulls are eyeing more ambitious price marks amid a rebound. At the time of writing, the price of XRP was changing hands for $2.19, down by 2.46% in the past 24 hours.
Ripple Vs SEC Lawsuit: On the fourth anniversary of US Securities and Exchange Commission v. Ripple Labs Inc (SEC v.
XRP Price has recorded significant transaction activity on Binance despite ongoing market corrections. The broader crypto market faces a downturn, with most tokens trading in the red, including Ripple.
XRP experiences price volatility and whale accumulation while trading at $2.20, as Ripple announces political contributions and launches new stablecoin.
Bitcoin (BTC) and other cryptocurrencies suffered a bloodbath over the weekend as markets dropped significantly. In just over 24 hours, BTC dropped from around $108,000 to its current level of $95,000, as the Fed's announcement about reducing rate cuts in 2025 hit the market hard.
Cardano founder Charles Hoskinson recently praised Ripple CTO David Schwartz, commending his leadership and Ripple's resilience amid ongoing challenges.
The XRP price has continued its steep correction into the past 24 hours, with it currently hovering around the $2.2 price level. Nonetheless, analysts are still concerned about the possibility of the XRP price reaching new highs sooner than later, with some giving projections into the two-digit threshold at $10 and beyond.
Ripple has pledged $5 million in XRP to President-elect Donald Trump's inauguration fund. Ripple's CEO, Brad Garlinghouse, has already had a private meeting with President Trump, which caused a major movement in the market, especially for the XRP price.
