XRP price started a fresh recovery wave above the $2.120 zone. The price is now consolidating and might clear the $2.350 resistance zone.
The legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple is close to an end, with a settlement potentially coming soon, according to sources shared with Fox Business' Eleanor Terrett. Ripple's legal team is currently negotiating for better terms after a court ruling in August 2023.
Russian National Welfare Fund Dismisses Crypto Investments
Crypto analyst CW23 has revealed that the XRP price is hinting at a symmetrical triangle, which provides a bullish outlook for the crypto. However, he warned that a price crash could occur before XRP breaks out of this triangle and rallies to the upside.
On March 14, Maximilian Staudinger presented a proposal to the U.S. Securities and Exchange Commission (SEC) about using XRP as a key financial tool in the U.S. economy. The proposal explains how XRP could significantly benefit the banking system and the country's financial health.
As the rest of the crypto market struggles amid a still very risk-off macro environment, XRP (XRP) has been bucking the trend and forging a price higher. The post Can XRP Finally Break $10? Ripple's Legal Battle Nears an End appeared first on Cryptonews.
SEC deliberates XRP classification amid ETF filing acknowledgment.
Speculation over an SEC appeal withdrawal lifts XRP sentiment. Could this trigger a major price breakout?
Ripple's XRP, one of the top-performing cryptos last year, is trading between $2.15 and $2.30. The token's current price is a far cry from its 52-week high of $3.38 last January 17th, which was spurred by the industry's excitement over US President Donald Trump's reelection.
Ripple secured regulatory approval from a Dubai financial authority, marking its first Middle East license and positioning it as a leader in blockchain-powered payments amid growing institutional adoption.
XRP price continues to hold firmly above the $2 mark, sustaining a 23% weekly gain. Market optimism grows as Ripple secures regulatory approval in Dubai.
Over the last few months, XRP's price has been showing a significant bearish divergence. While the price has been making higher highs, the 3-day Relative Strength Index (RSI) has been making lower highs. This suggests that the upward momentum may not be as strong as it appears.
XRP bulls are making a strong push, but the $2.2546 resistance level is proving to be a tough barrier. After a steady upward climb, buying momentum has weakened as sellers step in to defend this key level.
A death cross, a serious bearish signal that could threaten Dogecoin's price momentum, has officially formed. A prolonged period of downward pressure is frequently indicated by this technical pattern, which arises when the 50-day moving average crosses below the 200-day moving average.
According to recent rumors, the SEC is considering reclassifying the XRP token as a commodity. The Commission is apparently comparing XRP to ETH, which was reclassified in the past.
XRP.D has surged to hit its highest level since 2020, outpacing all altcoins.
The XRP community is anticipating the potential announcement of the settlement of the lawsuit filed by the US Securities and Exchange Commission (SEC) against Ripple Labs Inc. As the settlement negotiation progresses, new updates on the causes of delays have emerged. According to Fox Business Senior Correspondent Charles Gasparino, the Ethereum ICO might be a
Cryptocurrencies saw another day of bearish price action on Thursday, with only XRP displaying relative strength. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $80,353.45 -3% Ethereum (CRYPTO: ETH) $1,852.08 -1.5% Solana (CRYPTO: SOL) $121.79 -2.4% XRP (CRYPTO: XRP) $2.24 +0.4% Dogecoin (CRYPTO: DOGE) $0.1631 -3.7% Shiba Inu (CRYPTO: SHIB) $0.00001190 -2.9% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 10.7% and daily active addresses falling by 5%.
Ripple becomes the first crypto firm licensed by the DFSA, enabling regulated cross-border payments in the UAE's $40B remittance market.
Ripple's XRP secures regulatory approval in the UAE and sees a major ETF filing by Franklin Templeton. These pivotal moves position XRP for broader adoption and market growth.
XRP has risen nearly 5% in the last 24 hours, breaking above $2.30 as bullish momentum continues to build. This recovery comes amid broader market anticipation, even as the SEC delayed its decision on several XRP ETF applications.
The prolonged legal battle between the SEC and Ripple Labs, initiated in December 2020 over the alleged $1.3 billion unregistered XRP (CRYPTO: XRP) sale, may soon conclude, according to a Fox Business report. A key point of contention in the negotiations is whether's XRP's utility and trading status align more closely with a commodity, similar to Ethereum (CRYPTO: ETH), rather than a security.
The US Securities and Exchange Commission (SEC) is reportedly considering whether XRP qualifies as a commodity rather than a security in its ongoing settlement negotiations with Ripple. According to journalist Charles Gasparino, the SEC is weighing similarities between XRP and Ethereum (ETH).
The X user Ali Martinez warned about a potential wave of profit-taking ahead.
The asset management titan Franklin Templeton hopes to launch an exchange-traded fund (ETF) that will track the price of the fourth-largest cryptocurrency by market cap. On Tuesday, the financial services firm with $1.5 trillion in assets under management (AUM) submitted an S-1 registration to the U.S.
Popular XRP advocate and author of “3 Steps to Quantum Wealth” Linda P. Jones believes that institutions will expand their crypto investments beyond Bitcoin and Ethereum to include XRP ETFs.
According to Charles Gasparino, senior correspondent at Fox Business, the U.S. Securities and Exchange Commission (SEC) is currently trying to determine whether or not the XRP token can be classified as a commodity.
Crypto experts weighed in on Bitcoin‘s (CRYPTO: BTC) price drop below $80,000 on Thursday, predicting potential price bottoms for major cryptocurrencies amid ongoing economic uncertainty. Michal Pospieszalski of SwissFortress told Benzinga that Bitcoin could find a floor between $60,000 and $65,000 if it falls below $70,000, while Meg Lister of Gitcoin Labs cautioned that pinpointing a bottom remains challenging and could extend into the coming months, depending on U.S. economic policy shifts.
Ripple's XRP is showing lingering short bias and sell pressure and Dogecoin is showing a "death cross" technical pattern, while bitcoin dominance rises. CoinDesk's Christine Lee explains the latest crypto market technical trends on "Chart of the Day.
Crypto analyst Egrag Crypto has explained why an XRP price rally to $10 in this cycle is reasonable. The analyst alluded to historical performances and bullish fundamentals to drive home his point that this price target this year.
Reclassifying XRP as a commodity could reshape regulatory frameworks, influencing future crypto asset classifications and market dynamics. The post SEC considers classifying XRP as commodity in settlement talks with Ripple appeared first on Crypto Briefing.
Ripple, a leading provider of enterprise blockchain and crypto solutions, announced Thursday that it had bagged full regulatory approval from the Dubai Financial Services Authority (DFSA) to offer cross-border crypto payment services in the United Arab Emirates (UAE).
The SEC believes ether trades as a commodity, Fox Business reports, and the agency is trying to determine if it can make that case with XRP.
Dubai has officially approved Ripple for regulated crypto services, allowing the blockchain payments company to operate within the Dubai International Financial Centre (DIFC).
The price of XRP has fallen above the critical support level of $2.00.
The U.S. Securities and Exchange Commission (SEC) says it needs additional time to decide on the crypto investment manager Grayscale's proposal to launch an XRP exchange-traded fund (ETF).
The price of the third largest cryptocurrency, XRP, is showing some pretty positive action today, rising nearly 4% over the course of the trading session. Considering that this comes amid Bitcoin's rejection of the 200-day moving average and the price of the major cryptocurrency losing as much as 2.5%, the strength in XRP and increased buying activity is evident.
TL;DR Ripple has obtained a license to operate in the Dubai International Financial Centre (DIFC), making it the first blockchain-based payment company to receive authorization from the Dubai Financial Services Authority (DFSA).
Bitcoin, Ethereum, and XRP maintain their gains after a highly volatile session driven by the latest U.S. CPI report. The inflation data showed a slight decline, fueling expectations that the Federal Reserve may pivot sooner than expected.
It is not every day that 200 million XRP - that is about $457.39 million - disappears from a Ripple wallet and mysteriously reappears somewhere. But that is exactly what happened today, when Whale Alert spotted it and sent the crypto community into a whirlwind of speculation, questions and theories.
The competition for an XRP exchange-traded fund (ETF) is heating up as Franklin Templeton, a major Wall Street firm managing about $1.5 trillion in assets, moves forward with its application.
The cryptocurrency space is whizzing with opportunities, and Ripple (XRP) and Solana (SOL) have been frontrunners in capturing investor interest. Both tokens have carved out their places as reliable assets with strong use cases. But while these projects shine in their own right, a new player is positioning itself as the ultimate game-changer.
Franklin Templeton has filed to launch an exchange-traded fund based on Ripple's XRP, joining Bitwise, Canary Capital, and others in the XRP ETF race. Franklin Templeton has filed to launch Ripple (XRP) ETFs, tracking its spot price minus fees.
An address associated with Ripple Labs has transferred $457 million XRP to an unknown wallet in a potential market-shifting move. While the movement has piqued the curiosity of analysts, there is speculation that it is connected to an SEC settlement.
The cryptocurrency market is showing signs of recovery, with Bitcoin trading above $83,000. As Ethereum's value plummets by 60%, Solana rivals are gaining attention.
In a possible turning point for the XRP lawsuit, Fox Business journalist Eleanor Terrett reported on Wednesday that the US Securities and Exchange Commission (SEC) and Ripple might soon reach an agreement. “Two well-placed sources tell me that the SEC vs.
TL;DR Franklin Templeton seeks to expand its crypto offerings with the filing of an XRP-based ETF, reflecting the growing institutional interest in digital assets beyond Bitcoin and Ethereum. The XRP ETF will be listed on the CBOE BZX Exchange and will have Coinbase Custody as the asset custodian, providing greater accessibility for traditional investors.
The long-running legal battle between Ripple and the SEC may finally be reaching its end—but not in the way many expected. While both sides have fought for years, a recent discussion among legal experts suggests that a quiet settlement may already be in place, keeping the details hidden from public view.