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SBI Digital Community Co., Ltd., a subsidiary of Japan's financial conglomerate SBI Holdings, has announced the public sale of its inaugural “Crypto Canvas Collection” NFTs on Polygon and the XRP Ledger.
Wall Street's ETF disruptors are once again pushing regulators to open up the crypto boom to the masses after Bitwise Asset Management Inc. became the first to file for a fund that invests directly in XRP, the world's seventh-largest digital token. Bloomberg News' Isabelle Lee has more.
Ripple recently conducted multiple burns of Ripple USD (RLUSD) stablecoins after minting almost 50 million RLUSD over the last week. This series of burns came amid Ripple's warnings to the community about scammers attempting to exploit the still-in-beta project. Ripple remains focused on keeping the launch secure as it continues testing its new stablecoin initiative.
Stablecoin liquidity reached unprecedented levels in September 2024, boosting overall cryptocurrency market activity. Meanwhile, Ripple made a notable entrance into the stablecoin space with its newly launched RLUSD, expanding its influence in the financial landscape.
Ripple (XRP) price has been under significant pressure following a series of bearish technical signals and legal developments. After the SEC filed an appeal against Ripple, XRP experienced a sharp decline.
XRP (XRP) holders have faced disappointment since last week as the cryptocurrency struggles to gain momentum despite recent catalysts, leading many to explore new opportunities like Meme Bets (MEMEBET), a crypto project within the growing meme coin and GambleFi spaces.
Over the last 24 hours, XRP, the seventh-largest cryptocurrency by market capitalization, has seen an increase in trading volume.
The recent XRP news surrounding the SEC vs. Ripple lawsuit saw the US SEC Appeal the Southern District Judge Analisa Torres' July 2023 and August 2024 ruling.
A top crypto analyst took to X recently to give a bearish forecast for Ripple (XRP), saying the community will not see a bull run. Also, whales have moved approximately $250 million worth of Ethereum (ETH) to centralized exchanges.
One of the most anticipated launches in the crypto space is nearing as the San Francisco-based cross-border payment provider's Ripple USD (RLUSD) enters what appears to be the final stages of its research and development, with mints and burns of RLUSD accelerating to millions in value.
Ripple (XRP) making headlines amid ongoing legal challenges from the U.S. Securities and Exchange Commission (SEC). As of October 7, XRP has managed to stabilize around $0.54, while Bitcoin (BTC) and Ethereum (ETH) are also experiencing significant gains.
Ripple Labs continues its development and testing of the Ripple USD (RLUSD) stablecoin, with the blockchain company minting millions of RLUSD tokens in recent weeks. According to the Ripple Stablecoin Tracker, the company has burned some minted stablecoins in batches.
The Ripple stablecoin has continued to gain major traction in the testing phase with new burning trend.
The world's largest crypto exchange, Binance, has released its freshly printed proof-of-reserves report, which shows the ratio between customers' net balances and the exchange's. One of the highlights is the performance of XRP reserves on Binance, as they have suddenly seen a notable increase.
Ripple Vs SEC: The XRP price has noted volatile trading lately, especially after the agency's appeal in the ongoing legal battle. Notably, the appeal has sparked speculations in the broader crypto market over the potential motive behind the agency's move.
The cryptocurrency market exhibited a cautiously optimistic tone, with many tokens experiencing a recovery. Among them, XRP made a notable rebound from a recent low of around $0.50.
According to the Ripple Stablecoin Tracker account on the X platform, Ripple crypto decacorn has burned several batches of Ripple USD (RLUSD) stablecoins after minting almost 50 million of them over the past week.
XRP bulls anticipate a breakout as positive metrics align, pushing for a potential rally.
There is a possibility that Ripple and the SEC could reach a settlement in the next 14 days. This comes after the SEC filed a notice of appeal on October 2, 2024, challenging Judge Analisa Torres's ruling that stated XRP is not a security when sold on public exchanges.
XRP price is struggling to rise above the $0.550 level. The price must clear the $0.5450 and $0.5500 resistance levels to start a decent increase.
Shiba Inu (SHIB) is subtly positioning itself for a potential breakout. Recently, SHIB has risen above its 200-day exponential moving average (EMA), a crucial indicator often signaling a change in market sentiment.
XRP's price trends reflect market uncertainties as SEC appeal talks continue. Key technical levels and legal rulings could drive future moves.
Despite price consolidation within a tight range at a support level, it appears that XRP bulls are back in the market as its trading volume skyrockets. On October 7, 2024, most top cryptocurrencies experienced a notable price surge, but XRP's price has remained stable over the past 24 hours.
