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XRP, the cryptocurrency and native token of XRP Ledger, has recorded significant price variations in the red zone. However, it bounced off a critical support level of $0.505, climbing from $0.5048 to $0.5230 in early Friday trading before experiencing corrections.
Prominent blockchain tracker Whale Alert, which monitors large cryptocurrency transfers initiated by retail and institutional whales, has spotted two massive crypto transfers that carried almost a billion XRP coins.
XRP, the seventh largest cryptocurrency by market capitalization, has seen an increase in trading volumes over the last 24 hours, skyrocketing by over 40%.
Ripple's Chief Technology Officer, David Schwartz, has addressed the critical importance of XRP within the XRP Ledger (XRPL) amid ongoing discussions about its functionality. In a recent interaction with an XRP enthusiast, Schwartz clarified concerns surrounding whether all transactions on the XRPL require XRP as a gas fee or if other assets could operate independently.
In a riveting turn of events, American blockchain payments company Ripple stole the spotlight on Friday, unlocking nearly 900 million coins from escrow. The massive unlock emerged in tandem with noteworthy lawsuit developments, sparking market discussions over future price action.
Ripple has risen by 0.5% in the past 24 hours, as the SEC acknowledges an application for the US' first ever XRP ETF. The post SEC Acknowledges XRP ETF Proposal – Can Ripple Hit $100? appeared first on Cryptonews.
Bitcoin (BTC) slipped below $70,000 as markets turned bearish after the world's premier cryptocurrency briefly teased a new all-time high earlier in the week. BTC is currently down over 4% and is trading around $69,300.
In the last 30 days, XRP has seen a drop of at least 13.1%. At the beginning of October, the price was at $0.61175. On the last day of October, it touched a low of $0.50877, indicating that the market experienced a 20.24% decline in the month.
The ongoing Ripple vs SEC case has significantly weighed down on XRP's bullish sentiment in the past four years.
The United States approaches a pivotal presidential election, leaders in the cryptocurrency sector are intensifying their calls for clearer regulatory frameworks to support the burgeoning digital asset industry. Ripple CEO Brad Garlinghouse is at the forefront of this movement, urging the next administration to prioritize comprehensive reforms that will not only clarify existing regulations but also foster a more supportive environment for cryptocurrency innovation.
This week, we examine Ripple, Binance Coin, Solana, Dogecoin, and Maker in greater detail. Ripple (XRP) The week started well for XRP, but the price action turned bearish on Wednesday, closing the week with a 3% loss.
What about the urgency of the US Court's latest "Alternative Resolution"? How could a similar decision impact Ripple and XRP?
XRP has struggled after the Securities and Exchange Commission appealed a U.S. District Court ruling in favor of XRP in a prior lawsuit.
In a recent episode of the Mr. M podcast, former Ripple executive Matt Hamilton expressed his belief that XRP is on track to surpass Bitcoin and become the leading cryptocurrency. Hamilton highlighted that XRP previously held the top spot in 2018 when its market cap exceeded Bitcoin's and dwarfed Ethereum's.
SEC v Ripple Case: The US Court of Appeals for the Second Circuit issues the first order in the XRP lawsuit. The order came in response to the US Securities and Exchange Commission's requests to the court to set January 15 next year as the deadline for its principal brief.
If the SEC fails to submit its primary brief by the deadline, it will result in an automatic dismissal of the appeal.
In the latest twist in the Ripple vs. SEC case, the Second Circuit Court of Appeals has established a critical deadline, mandating the Securities and Exchange Commission (SEC) to submit its brief by January 15, 2025. Attorney Bill Morgan noted that the consequences of missing this deadline are now well-defined.
The U.S. Court of Appeals for the Second Circuit (2nd Circ.) has ordered a brief on SEC vs.
The United States Court of Appeals for the Second Circuit has ordered the Securities and Exchange Commission to file its brief in its long-lasting case against Ripple before Jan. 15, 2025.
In the ongoing legal battle between the SEC and Ripple regarding XRP, significant developments have emerged. The Second Circuit Court of Appeals has set a deadline for the SEC to submit its brief by January 15, 2025. Attorney Bill Morgan commented on this, noting that the consequences for missing this deadline are now clear.
XRP price is holding the $0.5020 support zone. The price is beating Bitcoin and might aim for a move above the $0.5250 resistance.
On October 31, the United States Court of Appeals for the Second Circuit, held at the Thurgood Marshall US Courthouse in New York, ordered the Securities and Exchange Commission (SEC) to file its brief on or before January 15, 2025.
XRP price outlook hinges on the US Presidential Election as Trump pledges pro-crypto reforms, including firing SEC Chair Gensler.
Ripple co-founder Chris Larsen has voiced his concerns regarding the current state of U.S. policy. In a recent interview with CNBC, Larsen highlighted Vice President Kamala Harris's potential role in reshaping the government's approach to cryptocurrencies, suggesting that her leadership could correct what he perceives as significant errors in President Biden's crypto strategy.
