Macro risks and a long-term bearish setup continue to spoil XRP’s bullish prospects.
Founded in 2012 as OpenCoin, Ripple Labs is the software company developing the XRP cryptocurrency and distributed ledger technology alongside a suite of payment protocols for streamlined cross-border settlement for financial institutions.
XRP functions as the bridge currency underlying Ripple’s liquidity and exchange product, xRapid, which provides financial institutions a medium for global value transfer between various fiat currencies.
XRP Ledger is the open-source DLT that provides cryptographically secure, verifiable settlement of the XRP currency. XRP Ledger is not part of Ripple’s suite of proprietary software products, as it is accessible and open to all.
At Cointelegraph, we are chronicling the progress of Ripple Labs (and XRP) as it competes with cryptocurrency protocols and traditional fintech platforms alike.
“The SEC [decided] to do regulation through enforcement, which is not efficient and really I think has stifled innovation in the United States,” said Brad Garlinghouse.8021
XRP's bearish outlook is driven by a mix of technical and fundamental factors that could see its price drop to $0.18 next.8504
“Like a hammer wanting everything to be a nail, the SEC is keeping everything murky so it can argue every crypto is a security,” claims Ripple general counsel Stu Alderoty.14120
The Ripple CEO reflected on crypto's presence at the World Economic Forum and the emerging use cases for digital assets.5452
Brad Garlinghouse, the CEO of cross-border payments company Ripple, spoke during a panel discussion at the WEF 2022.14826
Ripple senior vice president Brooks Entwistle said that a crypto winter has happened before and will “happen again” and that people should focus on building instead.3549
“After reasonable inquiry, the information known and currently available is not sufficient to enable the Commission to admit or deny this request,” the SEC stated in court documents.17587
Newly discovered documents suggested a possible conflict of interest from a former SEC official when he made a speech about Ether, which some claim could jeopardize the SEC’s case against Ripple.16451
The development marks the first time XRP digital currency will be used on a cross-border Japanese e-commerce site.8705
On this week’s episode of “The Market Report,” Cointelegraph’s resident experts discuss the most bullish cryptocurrencies at the moment.10201
The bounce-back move has occurred near a technical support confluence, raising XRP's possibility to rise 30% in Q2/2022.13988
One of largest VC deals so far in Q1 2022 went to Miami-Based Yuga Labs with its $450 million seed funding round led by Andreessen Horowitz.1945
A descending triangle breakdown coupled with XRP's correlation with Bitcoin can put downward pressure on price.10410
Ripple rejoices, the SEC gets challenged to a narrative battle and Brazil moves ahead with crypto legislation.1403