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Ripple has excited the XRP community by a massive RLUSD burn performed on Wednesday. It was the first large token burn after the company had minted a mammoth 42 million stablecoins recently.

The battle between bulls and bears has intensified in the XRP market, with the cryptocurrency showing little to no significant price movement in recent days. While many had hoped for a rebound following its recent drop, the sideways trend suggests a deeper struggle.

SBI Digital Community tapped XRP Ledger (XRPL) and Polygon for the launch of its first NFT collection, dubbed “Crypto Canvas Collection.”

David Schwartz addressed speculation about his involvement with Bitcoin's creation following the release of a documentary exploring the origins of Satoshi Nakamoto.

Attorneys Kristi Warner and James Murphy (@Metalawman) sat down to discuss the SEC's recent appeal.. For the unversed, the SEC decided to challenge Judge Torres' ruling from 2023, leading to widespread frustration. Now, the big question is whether Ripple will file a cross appeal.

XRP price is still trading in a range below the $0.550 level. The price is slowly moving lower and there could be more downsides below $0.520.

The XRP army has actively joined the battle in the legal case between Ripple and the United States Securities and Exchange Commission (SEC), showing support for the crypto payments company with a new petition.

Ripple, a leading blockchain company based in San Francisco, has been awarded the title of “platinum winner” for the “Best Cross-Border Payments Platform” by Juniper Research's Fintech & Payments Awards. This recognition underscores Ripple's ongoing commitment to enhancing global payment solutions, even as its native cryptocurrency, XRP, struggles to maintain momentum in the market.

XRP faces price pressure amid SEC appeal speculation, hovering below $0.55 despite optimism around US XRP-spot ETF applications.

Ripple has been named a Platinum Winner for Best Cross-Border Payments Platform in Juniper Research's 2024 Future Digital Awards for Fintech & Payments. Other winners included Huawei for mobile money, SAP Fioneer for banking-as-a-service, and Paymentology for embedded finance, highlighting a year of varied fintech advancements.

Industry experts express cautious optimism as another firm files a proposal with the SEC to launch an XRP exchange-traded fund.

The price chart of Shiba Inu has formed a symmetrical triangle, signifying a period of consolidation. Volume has been gradually declining as the price has stabilized, as the volume profile shows.

"It's coming to the XRPL but when is really up to Ripple as it's their token," one popular X user said.

Crypto analyst Dark Defender (@DefendDark) has issued a bullish forecast for XRP, projecting a price surge above $5.85 based on a confluence of technical indicators and chart patterns. Despite recent market stagnation, the analyst highlights several key factors—including the application of Elliott Wave theory—that suggest a significant upward movement is imminent.

Former Ripple director Matt Hamilton weighed in on this discourse, declaring XRP as a superior option compared to Bitcoin. Speaking on the Mr.

Canary Capital has filed for permission to offer an exchange-traded fund (ETF) linked to Ripple-associated cryptocurrency XRP. This is the second such registration in the United States, just a week after Bitwise filed for a similar product.

XRP is testing a crucial support level to determine the altcoin's price action in the coming weeks. The market is experiencing uncertainty and anxiety after the past week's euphoria surrounding the Federal Reserve's decision to cut interest rates.

The ongoing struggle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has become a hot topic in the cryptocurrency world. As the battle intensifies, the XRP community—supporters and investors of Ripple's digital currency, XRP—are voicing their concerns about the SEC's recent actions.

Crypto investment company Canary Capital has submitted an application for a second XRP exchange-traded fund (ETF) in the United States. This filing is consistent with Bitwise's recent submission of a comparable application for a spot XRP ETF.

Bitcoin's failure to hold $62,000 may trigger another selloff and pull altcoin prices lower.

TL;DR Canary Capital Group files with the SEC to launch the Canary XRP ETF, marking its debut in the cryptocurrency exchange-traded funds market. The application comes after Bitwise Asset Management's proposal for an XRP ETF. Ripple Labs faces penalties for selling XRP without authorization, but interest in XRP-linked products continues to rise.

XRP and Dogecoin have experienced a slump due to crypto market consolidation over the past week. Despite the recent stability, these two top-10 digital assets show signs of potential gains this October.

Ripple's price has been consolidating in a very tight range in the last few days, and it has yet to give any indication of its future direction. By Edris Derakhshi (TradingRage) The USDT Paired Chart On the USDT paired chart, the price has recently experienced a massive drop from the $0.

XRP ETF space continue to heat up but U.S. elections and SEC-Ripple Labs lawsuit outcomes could be crucial ingredients for approval.