Crypto Industry Could Experience “Ripple Effect,” Top Expert Says
Chris Dolmetsch, Bloomberg's legal reporter, recently opined that the Ripple case could bode well for the broader cryptocurrency industry.
Keep up with what's happening in the crypto world in real-time.
Chris Dolmetsch, Bloomberg's legal reporter, recently opined that the Ripple case could bode well for the broader cryptocurrency industry.
In recent news, Ripple has announced a strategic partnership with SBI Digital Community Co., a subsidiary of Japan's financial giant SBI Holdings, to enhance the adoption of the XRP Ledger and facilitate the issuance of non-fungible tokens (NFTs) on this blockchain.
A crypto analyst has shared an optimistic outlook for the XRP price, the native token of the XRP Ledger (XRPL), predicting a potential rally of up to 10,400% with a price target of $60. The analyst has also outlined when to expect this anticipated price increase.
XRP price is slowly moving higher above the $0.5650 support. The price must clear $0.5880 and $0.60 to start a fresh increase in the near term.
In a significant development for XRP, a major exchange announces plans to launch the crypto's future contracts. Bitnomial Exchange has officially informed the CFTC of its plans to introduce XRP/USD futures contracts, with trading expected to commence today.
Ripple Labs to pay $125 million for selling XRP tokens without registering with the SEC.
Political shifts in the US could influence the SEC's strategy, leaving XRP investors on edge. Binance ruling could give the SEC an alternative target.
The bullish technical pattern known as a golden cross, which can indicate a major increase in the value of an asset, is about to emerge for XRP. When a longer-term moving average like the 200-day EMA crosses above a shorter-term moving average like the 50-day EMA, this is known as a golden cross.
India and the UAE have just made history by completing a crude oil deal that skipped the US dollar entirely, opting for XRP instead. India paid for oil from the UAE using their local currencies, but the transaction was run through the XRP Ledger System.
XRP is once again in the spotlight as a major exchange announces plans to launch the crypto's futures contracts, marking a significant development for the crypto. The exchange recently notified the Commodity Futures Trading Commission (CFTC) about its intention to list USD futures for the crypto, with trading expected to commence today.
XRP, the cryptocurrency associated with Ripple, has been making headlines once again, this time with predictions suggesting it could be on the brink of its biggest breakout ever. Notable trader Steph has identified significant bullish signals on XRP's monthly chart, suggesting that the cryptocurrency might be poised for a historic surge.
Chicago cryptocurrency derivatives exchange Bitnomial is set to launch USD cash-settled futures contracts for the XRP cryptocurrency under the "XUS" ticker.
XRP is at a significant crossroads. Currently, the digital currency is consolidating above the $0.5450 support level.
Various crypto analysts from Cheeky Crypto think there is a favorable outlook for Ripple rendering XRP in the near future despite a little price correction. XRP has held positions at the main levels since the beginning of July, which is nothing short of a triumph in such a turbulent market.
Legendary trader and BitMEX co-founder Arthur Hayes has shared his reflections on the crypto market's future in his latest essay. Specifically, Hayes predicted that Bitcoin (BTC) and Ethereum (ETH) crossing key psychological price milestones could activate an epic surge in altcoins.
SBI Digital Community Co., Ltd., a SBI Group subsidiary, and Ripple Labs have announced a strategic partnership to promote the utilization of the XRP Ledger within the Web3 community.
XRP, the cryptocurrency associated with the Ripple network, has seen a significant price increase of 22.68% over the past week,. This surge has led to speculation that XRP might soon reach the $1 mark, despite ongoing market challenges.
XRP price prediction failed to meet expectations, especially after the lawsuit between Ripple and the Securities and Exchange Commission (SEC) ended. Despite the disappointing performance, XRP mulls a 22% breakout flaunted by a key technical pattern.
Crypto payments firm Ripple and Japanese financial giant SBI Holdings subsidiary announced a strategic partnership on Tuesday. The company will help increase the use of XRP Ledger and issue non-fungible tokens (NFTs) on the blockchain, boosting the adoption of XRP in the community.
Japanese financial giant SBI has announced that it will promote the use of the XRP Ledger in the Web3 community through a strategic partnership via its digital community arm. This information was provided in an official release communicated in Japanese, dated Aug. 13, 2024.
XRP, the cryptocurrency associated with Ripple, is at a critical juncture as it tests a key support level after a notable price drop. Investors are keenly watching to see if this support will hold or if XRP will face further declines.
XRP's price soared by approximately 20%, reaching nearly $0.64 and pushing its market capitalization above $35 billion. This surge followed a pivotal development in the Ripple vs.
XRP price has recovered the losses it witnessed recently along with the crypto market, but the struggle to rally continues.
