XRP Community Gets Crucial Warning, What It Pertains To
The XRP community has just received a critical warning from Wietse Wind, a prominent XRPL developer. The warning is about a fake token called "Xaman.
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The XRP community has just received a critical warning from Wietse Wind, a prominent XRPL developer. The warning is about a fake token called "Xaman.
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Here's what needs to happen for XRP's price to explode.
After recording a negative start, the crypto market has experienced a strong bullish recovery over the past few hours. However, top tokens such as ADA and XRP have recorded stable gains by adding less than 2% and 4% in their respective portfolios.
A $51 million XRP whale transfer coincides with six-month highs in network activity, including increased wallet creation and transaction counts, while price holds above $0.50.
In the ongoing legal battle between Ripple and the SEC, attorney Fred Rispoli outlines the appeals process, which involves two main appeals: the SEC's appeal and Ripple's cross-appeal. This article breaks down what these appeals mean and what to expect in the coming months.
Ripple's (XRP) price faced an 8% drop from October 21 to 25, suggesting that the altcoin might go lower. Yet, since Saturday, October 26, XRP bulls have vigorously defended the critical $0.50 support level and initiated a modest rebound.
The excitement around the XRP Ledger (XRPL) is building as it embraces the meme coin phenomenon. The leading decentralized exchange on XRPL, Magnetic X, recently revealed Memepad, a dedicated launchpad for meme coins on the network. This platform encourages innovation, enabling users to create and launch their own tokens on XRPL.
In a surprising move, Bitcoin's price ended the bearish speculation by marking monthly highs close to $71,500. With this, the markets revived a strong ascending trend, with the memecoins gaining immense strength. Dogecoin and POPCAT triggered a huge 13% upswing, while Shiba INU, Pepe, dogwifhat, FLOKI, and Brett rose above their respective resistance zones.
The ongoing legal showdown between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) continues to be one of the most-watched cases in the cryptocurrency industry. Recently, the SEC filed a request to delay the submission of its main brief until January 2025, extending the case even further and leaving XRP investors and Ripple supporters in suspense.
Ripple co-founder Chris Larsen is confident that Kamala Harris could help correct what he considers a major misstep in Biden's crypto policy. The post Ripple's Chris Larsen Sees Kamala Harris as Path to Correcting Biden's ‘Failed' Crypto Approach appeared first on Cryptonews.
XRP price is attempting a fresh increase above the $0.5050 zone. The price must clear the $0.5250 and $0.5320 resistance levels to continue higher.
In what seems to be a broader crypto market rally, Bitcoin (BTC) and altcoins have recouped from the selling pressure while seeing a sharp bounce today. Bitcoin (BTC) is up 5.4% moving all the way past $71,200 and less than 5% away from here to hit another all-time high level.
XRP's price action and on-chain activity suggest building momentum, pointing toward a potential breakout.
XRP gains amid Deaton-Warren showdown, yet SEC appeal threatens rally; investors eye $0.55 as key resistance.
Ripple's token XRP had a muted response to the Friday filing that challenges the SEC's ruling on institutional sales.
Recently, XRP made an unexpected move by falling below a crucial trendline that served as the basis for its price support in the past. The recent break of this trendline, which had been essential in maintaining XRP's upward momentum, may indicate an uncertain period for the asset.
The XRP price is in focus following a crypto whale's transfer of $51 million worth of XRP. This development provides a bullish outlook for the coin, considering the impact this category of investors could have on price as they accumulate more XRP.
Ripple (XRP) has recently experienced a wave of selling pressure, especially as it neared the crucial resistance zone around the $0.55 mark, which is defined by the 100-day and 200-day moving averages. This resistance has proven formidable, leading to a sharp decline in the asset's price.
Ripple vs SEC lawsuit: Ripple Labs executives Brad Garlinghouse and Chris Larsen have hired key attorneys to dismiss claims again in the XRP lawsuit. Meanwhile, the U.S. Securities and Exchange Commission has requested the second circuit court to set January 15, 2025 as the deadline for its principal brief regarding the appeals.
The cryptocurrency market experiences significant fluctuations, its total market cap has recently dropped to around $2.31 trillion, down from a high of $2.38 trillion earlier this month. This decline has led to notable corrections in the prices of major cryptocurrencies, particularly Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP).
Former Ripple executive and crypto enthusiast Matt Hamilton has suggested that XRP may soon outpace Bitcoin as the leading cryptocurrency.
The Nigerian government has dropped charges against a Binance exec, Ripple has filed an appeal, FTX settled with Bybit, and Denmark moves to tax unrealized crypto gains.
In a significant turn of events in the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), the company has submitted a cross-appeal aimed at challenging the SEC's classification of XRP. Currently trading at approximately $0.525718, Ripple's move underscores its commitment to contesting the regulatory body's assertions regarding the digital asset's status.