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After Ripple made a transfer of 150 million XRP to an unknown wallet, the price of the cryptocurrency involved has soared over 12%, and rumors have surfaced that the blockchain company could be nearing its settlement of the case with the United States Securities and Exchange Commission (SEC).
A whopping 150 million XRP were recently moved from a well-known Ripple address, as reported by Whale Alert. The destination of this eye-catching sum, however, remains a mystery.
XRP's market capitalization exceeded $34 billion for the first time since the beginning of April.
Bitcoin (BTC) has surged past $65,000 after facing intense selling pressure on Tuesday. BTC has displayed impressive strength, absorbing around 48,000 BTC sold by the German government and maintaining its upward price movement.
Ripple (XRP) price reached $0.61 on July 17, marking a 61% rally in 12 days, attributed to a mix of internal catalysts and broader market dynamics.
Ripple CEO Brad Garlinghouse has publicly applauded U.S. Senator James David Vance for his candid criticism of SEC Chair Gary Gensler's regulatory stance on crypto assets. Vance, who recently gained prominence as Donald Trump's running mate, voiced strong objections to what he perceives as biased treatment of cryptocurrencies by the Securities and Exchange Commission (SEC).
Open interest in XRP-tracked futures has nearly doubled over the past seven days, which is indicative of traders' expectations of price volatility ahead.
The crypto market cap surged nearly 3 percent in the past 24 hours to around $2.52 trillion on Wednesday during the early London session. While Bitcoin's (BTC) price rallied above $65k, the altcoin industry – led by Ethereum (ETH), Ripple's XRP, and Cardano (ADA) – signaled an inevitable rally to respective all-time highs ahead.
After XRP, the other notable gainers from the larger-cap alts include FET, AVAX, APT, and more.
Crypto expert “The Great Mattsby” has found something interesting on the XRP monthly chart: the Bollinger Bands are the smallest they have ever been. This trend has shown huge price changes in the past, which has led to rumours that XRP is about to make a big rise.
The cryptocurrency market has recently experienced a notable resurgence, driven by a significant rebound in Bitcoin's price and a surge in the value of top altcoins. With Bitcoin successfully reclaiming the crucial $60,000 mark, a renewed sense of optimism has spread across the crypto space.
XRP price spiked 10.4% in the last 24 hours to trade at $0.605 during European business hours on Wednesday. The uptick in price coincides with a mysterious transfer of 150 million XRP from Ripple to an unknown wallet.
Amid speculations of a looming Ripple SEC settlement in the XRP lawsuit, on-chain metrics have once again sent tongues wagging across the broader industry. Today, July 17, nearly 195 million coins were recorded to be transferred to and fro exchanges, among which 150 million were moved from Ripple.
Analysts turn bullish on XRP as it breaks the $0.60 mark, expecting major price movements and possible new all-time highs.
He will support the challenging candidate for one of the seats in the Massachusetts State Senate
XRP has surged 35% this week and some traders are anticipating a breakout moment, pointing to a long-term trend they've been observing on the price chart.
The price of the native token of the XRP Ledger has recently shot up more than 35% over the past week amid a wider cryptocurrency market rally, with XRP itself outperforming most other digital assets including Bitcoin itself, which moved up around 14.5% over the same period.
XRP price extended its increase above the $0.550 resistance zone. The price is showing positive signs and might extend gains above $0.5850 and $0.600.
Santiment has identified whale accumulation as the key reason behind XRPs recent 36% price surge, revealing significant market movements. XRP Faces Resistance at $0.56610 Santiment, a well-known on-chain data aggregator, has uncovered one of the main causes of the recent enormous XRP price spike.
XRP was mimicking a pattern that it followed back in 2017, which resulted in the token reaching an all-time high.
XRP outperforms the market, rallying 7.89% as SEC vs. Ripple settlement rumors intensify ahead of an expected court ruling.
A crypto analyst remains highly optimistic about XRP Ledger's native token, XRP, predicting the appearance of multiple God candles that could potentially propel the cryptocurrency into a strong bullish rally. Breaking Resistance Could Trigger God Candles In an X (formerly Twitter) post on June 14, a crypto analyst identified as ‘Dark Defender' provided a detailed interpretation of technical indicators and resistance levels that could signal a bullish uptrend for XRP.
Ripple Labs has donated $1 million to the Commonwealth Unity Fund, a new super PAC established by pro-crypto attorney James Murphy, aiming to unseat Senator Elizabeth Warren with John Deaton in the Massachusetts Senate. Murphy also contributed $50,000.
XRP's 30% rally placed the asset at the forefront of the bull market, with the potential to break even higher, potentially hitting this year's high of $0.7, but numerous factors should align for it.
