News
Ripple argued in a letter to the SEC that fungible cryptocurrencies are not securities in secondary transactions.
2659
Ripple News
Established in 2012 under the name OpenCoin, Ripple Labs is the software corporation responsible for creating the XRP (XRP) cryptocurrency and its accompanying distributed ledger technology (DLT), the XRP Ledger. In addition, the company has crafted a collection of payment protocols, such as RippleNet, which are designed to optimize cross-border transactions for financial entities. RippleNet serves as a counterpart to the traditional SWIFT system, aiming to revolutionize and accelerate international money transfers by leveraging blockchain technology.
Initially featuring distinct services (xCurrent for bank payments, xRapid for liquidity via XRP and xVia for API integration), RippleNet consolidated these offerings in 2019. This strategic unification aimed to broaden XRP’s application in fund transfers under a single, cohesive RippleNet banner. Ripple’s XRP Ledger is the open-source DLT that provides cryptographically secure, verifiable settlement of the XRP currency. The XRP Ledger is not part of Ripple’s suite of proprietary software products, as it is accessible and open to all.
In 2020, the United States Securities and Exchange Commission filed a lawsuit against Ripple and its executives, Brad Garlinghouse and Christian Larsen, which accused it of conducting unregistered securities offerings worth over $1.3 billion via XRP sales. However, in July 2023, Ripple secured a partial victory when U.S. District Judge Analisa Torres ruled that XRP sales on public exchanges did not constitute unregistered securities offerings.
- Altcoin Watch
Chart patterns and onchain trends align to suggest a 25% downside risk for XRP price in the near term.
12266 - Altcoin Watch
An increase in leverage use and favorable regulatory changes could trigger an XRP rally to $3.50 and above.
21928 - News
Bloomberg ETF analyst James Seyffart thinks the SEC is more likely to first approve a Litecoin ETF amid the raft of crypto funding filings the agency is currently considering.
7379 - News
Circle is reportedly seeking a sale price of at least $5 billion, which would be around the amount it’s targeting for its IPO.
7446 - News
The two principal partners, Zand Bank and Mamo, will use Ripple Payments, a platform that combines stablecoins, crypto, and fiat currency to enable payments.
6031 - News
Ripple’s Stuart Alderoty said “procedural concerns” are at the heart of a court’s denial of a joint motion by Ripple and the SEC to settle the regulator’s case against it.
6380 - Altcoin Watch
XRP’s short-term technicals show signs of upside exhaustion, with some patterns pointing to a drop under $2.
16211 - Altcoin Watch
XRP whale flow data mirrors patterns from 2024, which preceded the price to rally from under $0.50 to over $3.50 in a span of several months.
14545 - Analysis
One founder says Ripple is pursuing a SoftBank-style acquisition strategy using XRP, but others question whether the comparison fits.
5551 - Markets News
XRP price jumps as traders react to Trump’s trade deal tease, whale accumulation, and a bullish technical breakout.
2614 - News
A March social media post announcing the president's plans for a strategic crypto reserve reportedly came from an employee of a lobbying firm tied to Ripple Labs.
31542 - Altcoin Watch
XRP price is down 3% on May 6, but a rebound above $2.27 could invalidate the bearish thesis and put it back on track toward the important $3 level.
1371 - News
The grant to education nonprofits DonorsChoose and Teach For America is in Ripple USD and aims to support teachers, students and innovation in education.
31708 - Altcoin Watch
Strong spot market demand, supported by persistent accumulation from whales and a bullish technical pattern, favors an XRP price boom over $3.75.
10515