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A crypto analyst has identified the reason behind the XRP price struggle to reach $100. Contrary to what most investors would think, the analyst argues that XRP price struggles are not particularly due to Ripple's ongoing legal battle with the United States Securities and Exchange Commission (SEC).
The crypto universe has closed another week, primarily stirring uncertain sentiments among market watchers. Bitcoin (BTC) and Altcoins witnessed turbulence ahead of the looming FOMC, while macroeconomic events further impacted investors' sentiments.
XRP's bearish trend is now certain as market indicators suggest a potential decline.
The long-running legal battle between Ripple and the US Securities and Exchange Commission (SEC) has yet to be concluded despite Judge Analisa Torres' August 7 ruling, which appeared to have ended the case. This follows a recent development showing that the SEC is still considering appealing the court's ruling.
Cryptocurrency analysts often make bold predictions, but few are as ambitious as the recent forecast by market expert Moonshilla. According to his latest analysis, Ripple's native token, XRP, could experience a dramatic rise in value, potentially reaching the $100 mark.
The XRP price is trading at $0.52, showing an intraday gain of 0.9%. This resilience amid the broader market correction may be attributed to Ripple's recent developments to enhance programmability on the XRP Ledger (XRPL), expanding smart contract capabilities.
Eighty-eight business leaders, including Ripple co-founder Chris Larsen, have endorsed Vice President Kamala Harris for president, in a new letter shared by CNBC on Friday. Some crypto investors are puzzled by Larsen's move, given the Biden administration's stringent regulatory stance on cryptocurrency and its ongoing lawsuit against Ripple. The U.S.
In a recent court filing with the U.S. District Court for the Southern District of New York, Ripple Labs has asked for a stay on the payment of $125 million to the SEC. The company's legal team proposed that the payment be postponed until 30 days after the end of the appeal period or until a potential appeal is resolved.
In a notable development for the XRP community, Ripple has officially requested “a pause” on paying the $125 million settlement to the U.S. Securities and Exchange Commission (SEC) as directed by a court on August 7, 2024. This comes even as the legal battle with the agency continues to unfold.
Ripple's XRP, once a shining star in the crypto world, is now caught in the crossfire of Bitcoin's recent plunge.
XRP is holding above a key support level despite significant selling pressure and fear in the crypto market. After experiencing a 20% retrace since August 24, the price remains stable above the $0.50 mark, sparking hope among investors and analysts.
Bulls have failed to seize the initiative on the first day of the weekend, according to CoinStats.
Ripple Labs, the company behind XRP, has been embroiled in a legal battle with the SEC since late 2020. The SEC alleged that Ripple conducted an unregistered securities offering through the sale of XRP, which has led to significant uncertainty and volatility for XRP holders.
An inverse-head-and-shoulder pattern is developing on the XRP weekly chart, awaiting a breakout toward $1.
As the ongoing debate over XRP's potential breakout from its prolonged consolidation heats up, a prominent crypto pundit has offered a surprising perspective.
The rollercoaster ride for Ripple's XRP continues as the token hits a new low, following a massive $330 million liquidation by its holders. This major sell-off has sent shockwaves through the community, causing a sharp drop in XRP's value as it teeters on a critical support level.
Ripple (XRP), a heavyweight in the crypto industry, continues to face uncertainty as it navigates the murky waters of its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).
Institutional investors are becoming more cautious yet opportunistic as they navigate the crypto markets, with Ripple's XRP and a fast-growing meme coin, Mpeppe (MPEPE), catching their attention. While XRP has faced turbulence in recent months, Mpeppe has been building momentum in its presale stages.
XRP price has shown incredible resilience in the past few days, but the recent Bitcoin crash has knocked Ripple down. As a result, $3.58 million Ripple longs faced liquidations on September 6.
Here's what could boost XRP's valuation to $1.
Chris Larsen, co-founder and executive chairman of Ripple, has joined a group of influential figures endorsing Vice President Kamala Harris for the presidency.
On Friday, the Bitcoin price breakdown below $55000 sparked concern about an extended correction in September. While the bearish momentum may shake out speculative traders, smart money may capitalize on this opportunity to accumulate top altcoins like XRP and Solana.
Ripple's CEO, Brad Garlinghouse, has provided new insights for the XRP community, offering a mix of both optimism and caution. In a recent interview, he shared promising developments around the launch of Ripple's RLUSD stablecoin, as well as regulatory hurdles the company continues to face, particularly in the United States.
Chris Larsen endorses Harris while Ripple funds 2024 elections, CEO backs GOP
