Ripple burned 46.67 million RLUSD tokens, sparking speculation about its stablecoin ambitions while regulatory hurdles remain a challenge.

XRP, the sixth-largest cryptocurrency by market capitalization, has seen significant token transfers over the last 24 hours. Blockchain data tracker Whale Alert reported two large XRP transactions within this time frame, totaling about 44 million XRP shifted.

"On each Ethereum and XRP Ledger there is only around 100k RLUSD left," X user Vet said.

Shayan Salehi, a digital member of the World Economic Forum (WEF), has offered a noteworthy endorsement of XRP, calling it a “good coin.” His praise comes as XRP demonstrates resilience amidst the broader market correction, which has seen major assets like Bitcoin (BTC) struggle.

Ripple continues to break new ground in tokenized finance, unveiling the first-ever tokenized money market fund on the XRP Ledger (XRPL).

Ripple Labs has secured a major victory in the XRP lawsuit as a U.S. court approved a motion to expedite issuing a final judgment in the case. This move is seen as a critical step toward resolving the case that has lingered for years, impacting Ripple and its native token, XRP.

Former Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo has predicted that the United States Securities and Exchange Commission (CFTC) will drop the case against Ripple.

In a move to address the concerns of the XRP community, RippleX has provided a crucial update on the state of the XRP Ledger following a recent bug incident. On Nov. 25, 2024, at 1:39 p.m.

XRP Lawsuit: In a major development in the In re Ripple Labs Inc Litigation, the court has granted an order to speed up judgment in the case. The order came in response to a motion to amend an earlier decision by a judge on judgment and stay in the long-running case.

XRP achieves 33% weekly growth, trading at $1.47 with increased institutional interest through Bitwise's rebranded ETP, as technical patterns suggest potential movement toward $2.

Ripple has invested in Bitwise's rebranded XRP exchange-traded product, reinforcing its commitment to expanding XRP's presence in the European institutional market.

The market conditions have become less favourable for the bulls as the XRP price is unable to reach $1.5, which happens to be one of the crucial resistances. Meanwhile, the XRP holders continue to remain in profit as they booked nearly $2 billion in gains as the price surged to a three-year high.

Ripple has just made a bold move in the crypto world, burning nearly all of its Ripple USD (RLUSD) tokens. In a single day, 46.67 million RLUSD tokens were permanently removed from circulation. This significant action has raised questions about the future of RLUSD and its potential impact on its blockchain.

Jim Cramer, the “Mad Money” host, is a welcome voice in crypto and blockchain discussions, but for a slightly different reason. For a long time, the hosts' comments and insights on Bitcoin and the crypto industry have often been a source of buying or selling decisions for some.

As it continues its steady ascent toward the $2 mark, XRP is showing its desire to reach the long-awaited target. Notwithstanding the general market neutrality, the token is displaying fresh bullish momentum after a successful breakout from its bearish flag model.

XRP price has surged past the $1 mark, capturing significant market attention with its impressive performance this month. The cryptocurrency's value doubled within a week, buoyed by broader gains in the digital asset market.

The altcoin market corrects after a 55% November rally, but XRP, Stellar, and TRON hold bullish setups targeting $2, $0.63, and $0.40, respectively.

The sixth crypto by market cap could soon rise in the rankings.

Virtually all Ripple USD (RLUSD) tokens were burned on Wednesday, according to the Ripple Stablecoin Tracker account on the X social media network.

XRP price is consolidating near the $1.450 zone. The price is showing positive signs and might soon aim for a fresh move above the $1.50 level.

Ripple's XRP is up by more than six percent in the last 24 hours and is trading slightly below the $1.50 level. The altcoin is up by more than 36 percent in the last seven days and is now eyeing the $2 levels.

Bitcoin nears $97k as Fed rate cut hopes rise; XRP eyes $2 on speculation of SEC Ripple appeal withdrawal under Trump.

Ripple boosts Fairshake with another $25M, amplifying its push for crypto-friendly policies and challenging regulatory overreach to solidify its leadership in innovation advocacy. Ripple Doubles Down on Fairshake With Third $25M Contribution Ripple has reaffirmed its dedication to fostering innovation-friendly policies by contributing $25 million to Fairshake, a bipartisan Super PAC supporting pro-crypto candidates.

After a notable upside rally, XRP, the native token of Ripple, appears to be consolidating near a crucial level. Meanwhile, this ongoing consolidation has been attracting significant attention from whales and traders, as reported by on-chain analytics firms CryptoQuant and the whale transaction tracker Whale Alert.

XRP has been one of the most prominent beneficiaries of the recent market surge, rising significantly from $0.5031 on November 5 to a three-year high of $1.6334 on November 23. This represents a 224% increase in just a few weeks.

Ripple's investment in the Bitwise Physical XRP exchange-traded product (ETP) underscores XRP's rising prominence, driven by surging institutional demand.

The crypto market has seen its fair share of unpredictable surges, from Bitcoin's meteoric rise to the XRP price rally. A new narrative is emerging around real-world asset (RWA) tokenization, with a top analyst spotlighting an RWA altcoin, PCHAIN, priced at $0.004 that could replicate the XRP price rally to $1 by January 2025.

Pro-XRP lawyer John Deaton has voiced his support for Paul Atkins as a candidate to replace outgoing U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. John Deaton, a prominent advocate for cryptocurrency regulation reform, has criticized the SEC's leadership under Gensler, alleging overreach and misconduct, particularly in its enforcement of crypto regulations.

XRP, the native cryptocurrency of Ripple, is facing a period of consolidation after a significant rally in recent weeks. Although many cryptocurrencies have experienced notable price corrections recently, XRP seems to be holding steady above the crucial support level of $1.35.

XRP price has newfound upside momentum with an underlying high volatility that could flip the $1.50 level into support.

The XRP price is consolidating just below the $1.4 mark, but the technical structure continues to show bullish strength. Interestingly, XRP has been down by about 4.35% in the past 24 hours, reaching a 24-hour low of $1.296, according to Coinmarketcap data.

In a notable development for the crypto sector, a U.S. appeals court has ruled that the U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), overstepped its authority when it imposed sanctions on the notorious cryptocurrency mixer Tornado Cash.

Ripple's native cryptocurrency, XRP, has been the talk of the crypto world this November, rallying an astonishing 200% to challenge its key resistance at $1.6. This exceptional growth outshone most of the top cryptocurrencies, with Ethereum, for instance, managing a relatively modest 50% gain during the same period.

XRP long-term holders made a weekly gain of $1.5B in profits, while Ripple Labs injects $25 million in the next U.S. election cycle. Plus, Tornado Cash wins a major legal victory and Morocco is preparing to legalize cryptocurrencies.

Bitcoin's strong recovery shows aggressive buying on every minor dip, but the bulls may struggle to overcome the $100,000 resistance.

The SECs long-running lawsuit against Ripple may be nearing an end, hinted former CFTC chair Chris Giancarlo. With SEC head Gary Gensler stepping down and predictions of a crypto-friendly successor, the legal saga gripping the crypto world could soon conclude.

Some popular analysts believe XRP could soon rise to $2.

Blockchain payments firm Ripple (CRYPTO: XRP) on Wednesday announced plans to invest in the newly rebranded Bitwise Physical XRP ETP. The ETP, which is backed by XRP, is part of a broader rebranding effort by Bitwise Asset Management to enhance its European product suite.

Chris Giancarlo, former chairman of the Commodity Futures Trading Commission (CFTC), predicted that the U.S. Securities and Exchange Commission (SEC) would drop the case against Ripple during a recent appearance on Fox Business.

Ripple, the blockchain giant, is backing Bitwise Asset Management's revamped Physical XRP ETP, now trading under the ticker GXRP. The rebranding is part of Bitwise's overhaul of its European product line following its August acquisition of the ETC Group.

In an interview with FOX Business on Tuesday, former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo, a leading contender for the role of White House “crypto czar” in the second Trump administration, expressed his belief that the Securities and Exchange Commission (SEC) will drop its case against Ripple Labs.

XRP could crash by 25% in the worst case scenario, particularly due to its overbought conditions that have preceded similar price crashes.

XRP news today is affecting its price, and listing it among the top trending cryptos. Here is the latest XRP price prediction.

Popular FinTech firm Ripple is set to invest in the exchange-traded product (ETP) offered by Bitwise and offering investors exposure to the native token of the XRP Ledger, XRP, the Bitwise Physical XRP ETF, which recently rebranded from ETC Group Physical XRP.

Ripple's recent price action reflects a state of indecision following a rejection at the $1.6 resistance level. The market is currently undergoing a low-volatility consolidation phase, signaling a potential continuation of the corrective stage in the short term.

Bitwise Asset Management has rebranded its European XRP exchange-traded product to the Bitwise Physical XRP ETP (GXRP), with Ripple backing the initiative, enhancing its presence in Europe following the acquisition of ETC Group. The post Bitwise Rebrands XRP ETP with Ripple's Backing and Investment appeared first on Cryptonews.

Bitwise's XRP exchange-traded product (ETP) has undergone a rebranding, according to a Friday press release. It has now been renamed to the Bitwise Physical XRP ETP.