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In an ambitious forecast that has captured the attention of the cryptocurrency community, a prominent analyst has projected a staggering 2,900% increase in the price of XRP, the native token of the XRP Ledger. This bold prediction suggests that XRP could reach as high as $18 by the end of 2024, despite previous bearish trends and price declines.
Despite ending July on a high note compared to its peers, XRP price over the past few days remains low with levels still below the $0.7 mark. Stakeholders have expressed concerns over the continued poor performance of XRP in the broader cryptocurrency space.
With the majority of assets in the cryptocurrency market having slowed down their gains in recent days, including the XRP Ledger (XRP) token, the weak situation might continue in the next several weeks, at least according to some machine learning and artificial intelligence (AI) models.
Former Upbit CEO JP Thieriot publicly endorsed Kamala Harris for President late Thursday via a series of posts on X, causing significant backlash from prominent members of the crypto sector, including popular pro-XRP lawyer Bill Morgan.
The XRP price has dropped by 5.5% overnight, falling to $0.5722 after the SEC canceled a meeting to discuss ongoing litigation.
Here are some possible scenarios for XRP's price following the latest crash.
The market is also reacting to ongoing speculation about a potential settlement between Ripple and the SEC.
Ripple Chief Technology Officer David Schwartz recently took a stand against scammers attempting to deceive users on social media, specifically X. Schwartz flagged Coinbase scams, which posted fraudulent links in a recent X (formerly Twitter) discussion, in which the Ripple CTO was a participant.
Peter Brandt has reported a bearish outlook on XRP as the asset falls from above $0.64 to $0.56.
Ripple vs. SEC: The wait continues! The highly anticipated closed-door meeting has been rescheduled to August 7th.
In its characteristic manner, American blockchain payments firm Ripple Labs Inc. has shuffled more than a billion XRP in the past 24 hours as it makes a defined fund release from escrow. According to snapshots of a series of transfers in and out of the firm's escrow wallet captured by Whale Alert, the total XRP shuffled is more than one billion.
Ripple's native cryptocurrency has shown major strength recently with the XRP price surging all the way to $0.65 earlier this week. As a result, the XRP Ledger has also major strength making it one of the best performers in the last month of July.
A widely followed cryptocurrency analyst is issuing a warning on a leading memecoin while outlining the path forward for Ethereum (ETH) and XRP. The analyst pseudonymously known as Credible Crypto tells his 405,000 followers on the social media platform X that the memecoin Pepe (PEPE) has held up “quite well” amid a wider market downturn.
XRP shows signs of a potential major price movement after years of consolidation, with analysts pointing to similarities with conditions before its 2017-2018 rally and setting bullish targets
Ripple's native token recently painted a new multi-month peak, but has lost a lot of ground since then.
In a busy start to August, Ripple has made headlines by moving a massive 1 billion XRP and unlocking 500 million tokens from escrow. This significant activity has come at a time when XRP's price has slipped below $0.58, sparking both curiosity and concern among investors.
The Ripple SEC settlement rumors re-emerged as the blockchain firm saw a significant release of XRP tokens from escrow. A total of 500 million XRP, valued at approximately $297.74 million, was unlocked.
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Shiba Inu. Ethereum (ETH) With world stock markets in turmoil, volatility also came to crypto.
As the XRP lawsuit between Ripple Labs and the US Securities and Exchange Commission (SEC) inches closer to a ruling on remedies – the final ruling on district court level – the crypto community is abuzz with speculation about the potential repercussions for the XRP price. Notably, Rachelle Renee, a popular crypto pundit, has voiced a dissenting perspective via X, arguing that the forthcoming Ripple-SEC ruling will not significantly impact the price of XRP, contrary to the expectations of many investors.
Ripple has unveiled the integration of US Treasury bills on the XRP Ledger through the tokenization platform OpenEden.
According to cryptocurrency analytics platform Santiment, the XRP cryptocurrency is currently experiencing its strongest bullish sentiment in 14 months.
OpenEden recently announced a partnership with Ripple to bring tokenized US Treasury bills (T-bills) to the XRP Ledger (XRPL).
XRP, the digital currency associated with Ripple Labs, has recently made waves with a remarkable 37% increase in its price over the past month. This impressive gain far surpasses the performance of Bitcoin and many other cryptocurrencies, raising speculation about whether this rally is just the beginning of a much larger movement.
