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With Grayscale set to launch its XRP Trust investment product soon, but the XPR price stuck close to major moving averages in the $57 area, XRP holders are turning to a new ICO that might be able to deliver faster gains.
Ripple (XRP) is experiencing a surge in positive sentiment ahead of the upcoming launch of the Grayscale Trust for the cryptocurrency. As excitement grows, market participants are positioning themselves for potential gains.
XRP, a popular cryptocurrency associated with Ripple Labs, has seen a remarkable surge in one of its most crucial metrics. According to CoinGlass, the trading volume of the coin has soared 342.3% in the last 24 hours.
Grayscale's latest update may have come at a good time for the altcoin.
Ripple Labs, the crypto payments giant, has initiated a massive XRP transfer to an unknown wallet. This mysterious movement of funds has sparked concerns in the community as members speculate about the reason behind the transfer.
Ripple's price demonstrates a willingness to rally higher on both the USDT and BTC pair. Yet, there are still some significant levels the market should overcome.
Solana price rose above $130 on Sept 11, up 13% in 7 days, on bullish tailwinds from news of Grayscale adding XRP to its cryptocurrency trust offerings.
XRP started to rise on Thursday after investment fund Grayscale launched a professional fund that holds the token in the U.S., while DOGE gained on no apparent catalyst.
Ripple moved $85.50 million worth of 150 million XRP tokens this Friday morning for the company's first September sale. The sell-off happens as the XRP price shows signs of a slight recovery month-to-date, creating some opposing selling pressure.
Earlier in August, the XRP community got some positive news when the court ruled that Ripple Labs should pay a $125 million fine to the United States Securities and Exchange Commission (SEC) for selling unregistered securities. However, the regulator has been unhappy with this decision, leading to an appeal of the court's decision.
According to CoinMarketCap data, XRP, the seventh largest cryptocurrency by market cap, is witnessing a 115% surge in trading volumes.
This is how Ripple's legal battles and Grayscale's XRP Trust launch are shaping the future of XRP and the crypto market
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) Since last week, Ethereum's price has remained close to the key resistance at $2,400.
Ripple, Coinbase legal heads caught off SEC's crypto blunder.
Top asset manager Grayscale Investments shocked the crypto community when it unveiled its XRP Trust earlier this week. After closing the fund in the wake of the Ripple Labs versus United States Securities and Exchange Commission (SEC) lawsuit, relaunching this product still made it the first of its kind on U.S. markets.
Blair Campbell, a well-known crypto marketing specialist, has ignited excitement in the XRP community by predicting that a U.S.-listed XRP ETF could launch within four to eight months. Campbell's confidence stems from the latest developments with Grayscale Investments, which recently launched its Grayscale XRP Trust.
The recent launch of Grayscale's XRP Trust has added to the positive sentiment surrounding XRP.
After digital asset manager Grayscale announced the launch of an XRP Trust, possibly a strategic step toward the first XRP (XRP) spot exchange-traded fund (ETF) in the United States, artificial intelligence (AI) models have offered XRP targets if an XRP spot ETF truly happens.
Ripple's recent transfer of 150 million XRP, worth around $85 million, to an undisclosed wallet has created significant speculation within the cryptocurrency community. This transaction, completed on September 13, 2024, was tracked by Whale Alert and has stirred discussions due to its scale and timing.
The SEC is in the news again as Ripple's chief legal officer, Stuart Alderoty, took to social media to criticize the agency's inconsistent approach to cryptocurrency regulation. It is not the first time the agency has been criticized in the crypto space.
Ripple CEO Brad Garlinghouse expressed pleasant surprise over Grayscales creation of an XRP Trust, emphasizing that XRPs regulatory clarity in the United States sets the stage for market growth. He anticipates the cryptocurrency space will expand as more assets gain legal recognition.
XRP is today's top gainer from the larger-cap alts after Grayscale's announcement.
The XRP price performance has been the talk of the market since the beginning. More importantly, XRP is among the top 10 cryptocurrencies in the market despite its continuous poor performance amid the Ripple vs SEC lawsuit, which began in 2020.
RP price surges 10% as Grayscale relaunches its XRP Trust, with technical indicators targeting $0.60. The Fed's upcoming rate decision could trigger the bullish outlook.
