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Popular blockchain analytics platform Whale Alert, which tracks down large cryptocurrency transactions and publishes the details on their X handle, has detected four large XRP transactions during the last 24 hours.
The world of cryptocurrency never sleeps, and today's news has sent ripples across the globe. In a series of groundbreaking developments, the United States is exploring the creation of a Bitcoin tax-free zone, FTX creditors are set to recover a staggering $12.7 billion, and Ripple Labs has been handed a $125 million fine by the SEC.
During periods of economic uncertainty, investors often seek safe assets with handsome returns to offset losses. Gold, on account of boasting a long track record to rely on, is regarded as a safe haven asset.
Ripple SEC Case: After Judge Torres ordered Ripple to pay $125 million in penalties in the remedies phase, debates spurred over the potential appeal by the U.S. Securities and Exchange Commission (SEC). Some reports suggest the government agency will not appeal against the ruling, but lawyers say appeals to previous decisions are more likely, including
Ripple Labs Inc. has secured a significant victory against the U.S. Securities and Exchange Commission (SEC). The ruling, issued this week, marks a critical turning point in one of the most high-profile cases in the cryptocurrency world.
Ripple Labs' four-year legal battle with the SEC over XRP concludes with a decisive blow to the regulator.
Toncoin, the native coin of The Open Network (TON) and the Telegram ecosystem, is performing better than several of its counterparts. The coin has outshone Bitcoin (BTC), Ripple-associated XRP and Dogecoin (DOGE).
With a bearish start to the month and the price of Bitcoin dropping below the $55,000 mark, the cryptocurrency market has continued to display a mixed price action this week. Following this, top altcoins have recorded a similar price action by recording a constant pump-and-dump-like situation.
Crypto analyst Dark Defender provided an in-depth analysis of XRP price action using the Elliot Wave Theory. In his analysis, the analyst revealed what to expect from the crypto token and where its price is eventually headed.
The official X account of Ripple cryptocurrency giant has published a short video that is part of the “Crypto In One Minute” series. The company's president Monica Long took part in it, explaining to the crypto community what stablecoins are.
Ripple's ongoing legal saga with the U.S. Securities and Exchange Commission (SEC) has seen a significant breakthrough, leading to renewed hope among cryptocurrency enthusiasts and XRP investors. A recent court ruling has not only clarified XRP's status but also opened the door for new financial products, including the much-anticipated XRP Exchange-Traded Fund (ETF).
Following a significant drop to the crucial support region of $0.43, Ripple encountered increased buying pressure and saw a substantial surge, pushing the price back above the 100 and 200-day moving averages. This recent action has left market participants uncertain about XRP's overall direction, with the upcoming movements likely providing clarity.
The XRP community has been issued a critical warning. As Ripple's new stablecoin RLUSD becomes available for testing, XRP Scan, an XRP Ledger explorer, has urged the community to be cautious of scams purporting to be RLUSD issuers.
Ripple's CLO asked Kamala Harris to act against the SEC's war with the crypto sector. XRP price recorded modest hikes in the past day after its notable surge on Thursday.
With the price of Bitcoin hovering close to its $60,000 mark, top altcoins have recorded a neutral price action in their respective portfolios over the past two days. On the other hand, following the Ripple vs SEC hearing, the XRP price recorded a surge of over 20%, resulting in it reclaiming the $0.60 mark.
Amid the recent Ripple legal development, attention has turned to XRP's price trajectory, particularly its ability to exit the current consolidation phase and mount a breakout.
In the first week of August 2024, Crypto whales loaded XRP, Cardano, and Ondo. It is also to note that the number of whales scooping Bitcoin is at the highest since 2014.
XRP's price recently surged past $0.57 and briefly reached $0.63, reflecting a dramatic 28% increase over the past three weeks from a low of $0.419. Despite this impressive recovery, Nick Valdez from the Discover Crypto YouTube channel is raising alarms. He advises XRP holders to consider taking profits, predicting a potential price crash.
The show's star today is XRP as in the last 24 hours its market value has risen by 23%. The crypto space is buzzing as we speak, and this makes altcoin owners so upbeat.
Ripple Labs seemed to be on the winning end again in court over the U.S. SEC Wednesday, capping off an impressive string of positive results in the protracted legal test.
Alderoty Calls For Actions From VP Ripple's Chief Legal Officer (CLO), Stuart Alderoty, has called for action from Vice President Kamala Harris. Alderoty recently took to X and stated, “If this Admin is serious about a ‘reset,' it must act NOW to end the SEC's misguided war on crypto.
Ripple (XRP) price rallied 30% last week, reacting to the favorable conclusion to the SEC vs. Ripple lawsuit.
Check out what factors can trigger a price explosion for Ripple's XRP in the remaining months of the year.
Matt Rosendin, founder of digital securities platform CapSign, forecasts that Ripple, based in San Francisco, will likely challenge the recent court ruling that imposed an injunction.
