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The XRP price is ripping higher on the back of mounting positive news flow this week and could hit $40 in three months. Here's why The post Why the XRP Price Could Hit $40 in 3 Months as Ripple News Excites Market appeared first on Cryptonews.
Ripple's investment in Bitwise's rebranded GXRP ETP paves the way for XRP ETF ambitions, reshaping institutional crypto adoption.
Ripple burned 46.67 million RLUSD tokens, sparking speculation about its stablecoin ambitions while regulatory hurdles remain a challenge.
XRP, the sixth-largest cryptocurrency by market capitalization, has seen significant token transfers over the last 24 hours. Blockchain data tracker Whale Alert reported two large XRP transactions within this time frame, totaling about 44 million XRP shifted.
"On each Ethereum and XRP Ledger there is only around 100k RLUSD left," X user Vet said.
Shayan Salehi, a digital member of the World Economic Forum (WEF), has offered a noteworthy endorsement of XRP, calling it a “good coin.” His praise comes as XRP demonstrates resilience amidst the broader market correction, which has seen major assets like Bitcoin (BTC) struggle.
Ripple continues to break new ground in tokenized finance, unveiling the first-ever tokenized money market fund on the XRP Ledger (XRPL).
Ripple Labs has secured a major victory in the XRP lawsuit as a U.S. court approved a motion to expedite issuing a final judgment in the case. This move is seen as a critical step toward resolving the case that has lingered for years, impacting Ripple and its native token, XRP.
Former Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo has predicted that the United States Securities and Exchange Commission (CFTC) will drop the case against Ripple.
Ripple Labs has burnt a significant quantity of RLUSD stablecoin amid advanced testing phase
In a move to address the concerns of the XRP community, RippleX has provided a crucial update on the state of the XRP Ledger following a recent bug incident. On Nov. 25, 2024, at 1:39 p.m.
XRP Lawsuit: In a major development in the In re Ripple Labs Inc Litigation, the court has granted an order to speed up judgment in the case. The order came in response to a motion to amend an earlier decision by a judge on judgment and stay in the long-running case.
XRP achieves 33% weekly growth, trading at $1.47 with increased institutional interest through Bitwise's rebranded ETP, as technical patterns suggest potential movement toward $2.
Ripple has invested in Bitwise's rebranded XRP exchange-traded product, reinforcing its commitment to expanding XRP's presence in the European institutional market.
The market conditions have become less favourable for the bulls as the XRP price is unable to reach $1.5, which happens to be one of the crucial resistances. Meanwhile, the XRP holders continue to remain in profit as they booked nearly $2 billion in gains as the price surged to a three-year high.
Ripple has just made a bold move in the crypto world, burning nearly all of its Ripple USD (RLUSD) tokens. In a single day, 46.67 million RLUSD tokens were permanently removed from circulation. This significant action has raised questions about the future of RLUSD and its potential impact on its blockchain.
Jim Cramer, the “Mad Money” host, is a welcome voice in crypto and blockchain discussions, but for a slightly different reason. For a long time, the hosts' comments and insights on Bitcoin and the crypto industry have often been a source of buying or selling decisions for some.
As it continues its steady ascent toward the $2 mark, XRP is showing its desire to reach the long-awaited target. Notwithstanding the general market neutrality, the token is displaying fresh bullish momentum after a successful breakout from its bearish flag model.
XRP price has surged past the $1 mark, capturing significant market attention with its impressive performance this month. The cryptocurrency's value doubled within a week, buoyed by broader gains in the digital asset market.
The altcoin market corrects after a 55% November rally, but XRP, Stellar, and TRON hold bullish setups targeting $2, $0.63, and $0.40, respectively.
The sixth crypto by market cap could soon rise in the rankings.
Virtually all Ripple USD (RLUSD) tokens were burned on Wednesday, according to the Ripple Stablecoin Tracker account on the X social media network.
XRP price is consolidating near the $1.450 zone. The price is showing positive signs and might soon aim for a fresh move above the $1.50 level.
Ripple's XRP is up by more than six percent in the last 24 hours and is trading slightly below the $1.50 level. The altcoin is up by more than 36 percent in the last seven days and is now eyeing the $2 levels.
