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Stuart Alderoty, Ripple's top legal mind, still has some questions left after the U.S. Securities and Exchange Commission unexpectedly dropped its investigation into Ethereum.
XRP Price Analysis: Over the past week, the price of XRP has risen by 1.7%, including a 0.1% increase in the last 24 hours. The SEC's decision to drop its investigation into Ethereum has sparked rumors of a potential ETH ETF approval, leading to speculation that an XRP ETF might follow.
The cryptocurrency XRP is making waves as open interest (OI) for the token experiences a dramatic rise. This surge in investor positioning coincides with the ongoing legal battle between Ripple Labs, the company behind XRP, and the US Securities and Exchange Commission (SEC).
Investors increased their bearish bets on prominent cryptocurrencies such as XRP and Cardano Wednesday, raising the prospect of gains in the event of liquidation. What Happened: According to on-chain analytics firm Santiment, XRP and Cardano witnessed heavy shorting following a temporary bounce due to the SEC's decision to withdraw the security probe into Ethereum (CRYPTO: ETH).
XRP price is struggling to start a steady increase above $0.50. The price must settle above $0.50 and $0.510 to gain bullish momentum in the near term.
The XRP price has struggled in the market over the past year and has failed to reach a new all-time high even after securing partial victories against the US Securities and Exchange Commission (SEC). However, this lackluster price action has not deterred investors, who continue to believe in the long-term potential of the altcoin.
A popular cryptocurrency analyst has recently reignited interest in the native token of the XRP Ledger, XRP, with technical analysis suggesting the cryptocurrency's price could soon explode upward on a “road to $1.88.
Coinbase's legal battle reflects SEC's stance on Ethereum, with implications for SEC plans to appeal against the Programmatic Sales of XRP ruling.
Despite its recent decline, XRP, one of the largest cryptocurrencies by market cap, now holds the potential for substantial gains. Particularly, according to a recent technical analysis by Amonyx, XRP is poised for a bullish run against both the United States dollar and Bitcoin throughout 2024.
Defying a market downturn, Ripple's XRP surges over 2% in a week as legal clarity improves and investor interest grows.
Ethereum is finally regaining some of its lost position. The second-biggest cryptocurrency on the market has already tested the $3,600 threshold.
XRP Price Analysis: Despite optimism about the potential favorable ruling on the XRP lawsuit after the SEC dropped its investigation into Ethereum, whales have shifted a substantial amount of coins to centralized exchanges. According to the onchain platform whale alert, the whales moved 52,180M coins.
The U.S. Securities and Exchange Commission (SEC) has once again found itself in the crosshairs of the XRP community. The recent decision by the SEC to drop its lawsuit against Ethereum just ahead of the approval of a spot Ethereum Exchange-Traded Fund (ETF) has sparked a wave of criticism and anger among XRP supporters.
XRP has been unable to rebound into a positive trend, and interest in it has started declining.
As the cryptocurrency market continues to evolve, XRP stands out for its potential despite recent struggles. Priced at $0.4774 in June 2024, XRP has seen modest losses over the past month.
Crypto market intelligence platform Santiment has confirmed the ongoing rebound in the price of Cardano (ADA) and XRP. Per the firm, this renewed rally has fueled a new wave of opened short positions.
According to cryptocurrency analytics platform Santiment, XRP, and Cardano (ADA) are among the most heavily-shorted cryptocurrencies following their recent relief bounces.
Ripple's Chief Legal Officer (CLO), Stuart Alderoty, has pointed out significant ambiguities in the SEC's recent decision regarding Consensys, a major Ethereum developer. This decision raises questions about the SEC's stance on Ethereum transactions and related services like MetaMask and staking.
In the midst of recent cryptocurrency market turbulence and sell-offs, XRP, backed by Ripple Labs, is pushing to regain bullish momentum.
XRP's rising OI suggests investors are opening more positions, expecting a surge in price, but volatility remains a concern.
The recent cryptocurrency market downturn has seen the prices of major cryptocurrencies including Bitcoin, Ethereum, XRP, Dogecoin, and Cardano drop significantly. A little-known metric, however, suggests a short-term bounce is due.
Bitcoin is struggling to bounce off $64,500, increasing the possibility of a deeper correction to $60,000.
Justin Bons sparked controversy by claiming that layer-2 solutions do not effectively scale blockchains, and they merely divert traffic from the main chain to compete for fees. Bons argued that limiting layer-1 capacity in favor of layer-2 is a misguided approach born of corruption.
Despite a potential breakout, XRP's price remains tied to developments regarding the lawsuit between the SEC and Ripple.
