Price Analysis
Bitcoin bulls spent the week stampeding toward a critical overhead resistance level, which, if breached, could restart the bull market in BTC and altcoins.
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XRP Crypto News
Founded in 2012 as OpenCoin, Ripple Labs is the software company developing the XRP (XRP) cryptocurrency and distributed ledger technology alongside a suite of payment protocols for streamlined cross-border settlement for financial institutions.
On the Ripple Network, any currency or asset can be used for transactions without relying on XRP, though XRP acts as a bridge between currencies when needed. Ripple’s On-Demand Liquidity service utilizes XRP for cross-border transactions, eliminating the need for pre-funded accounts. This approach facilitated partnerships with major entities like Santander, Bank of America and American Express. However, XRP’s role led to legal issues with the United States Securities and Exchange Commission (SEC), which filed a lawsuit in December 2020, accusing Ripple and its executives of illegally selling XRP to investors without proper security registration.
On July 13, 2023, a court ruled that Ripple’s $728.9 million XRP sales to institutional clients constituted unregistered securities sales, giving the SEC a partial victory. Ripple targeted institutional investors, endorsing a speculative value thesis for XRP contingent on blockchain improvements. Further legal proceedings are likely, with Ripple possibly appealing or presenting new arguments against the court’s decision.
- Price Analysis
Bitcoin’s relief rally is facing selling pressure near $72,000, but technical charts suggest a bullish bias. Will altcoins follow in BTC’s footsteps?
1985 - Market Update
XRP’s profitable supply fell to 43% as high capitulation and a bearish chart setup signaled a potential drop toward $1.10 in the coming weeks.
1642 - News
Crypto ETPs drew $224 million in inflows last week as XRP led gains, while US ETFs lagged and Ether posted outflows amid mixed macro data and policy expectations.
1565 - Price Analysis
Buyers are attempting to push Bitcoin above the $70,000 level, but some analysts believe the upside may be limited and a drop below the $60,000 support is likely.
2862 - Price Analysis
Bitcoin is attempting to form a bottom, but select analysts believe that the decline is not over yet and the $60,000 level may break down.
3684 - Altcoin Watch
XRP price charts remained bearish amid increasing signs that the $1 level could be tested as support in the coming weeks.
2081 - Market Update
An $80 million leveraged position includes a Bitcoin short and a long bet on oil prices, though the trader has a history of large losses.
4351 - Price Analysis
Technical charts show Bitcoin and altcoins on the verge of a bullish trend reversal, but Bitcoin’s resistance at $69,000 could cap the current upward momentum.
2758 - News
The update adds digital asset accounts and real-time visibility tools for corporate finance teams managing liquidity across systems.
1941 - Price Analysis
Bitcoin and altcoins sold off as the Monday US market open reflected traders’ fear over oil prices, US employment data and the future of the US and Israel-Iran war.
2510 - Altcoin Watch
Technical indicators hinted at a possible reversal in XRP’s price, as traders watch whether key support levels can hold.
2143 - Altcoin Watch
XRP shows improving risk-adjusted returns alongside rising whale flows, but rising leverage use and repeat liquidations point to a fragile futures market.
3405 - Price Analysis
Bitcoin and select major altcoins have turned down sharply, indicating that the bears are trying to take charge of the market.
3840 - Altcoin Watch
Goldman Sachs revealed a $152 million exposure to spot XRP ETFs, while volatility contracted to levels seen ahead of strong price moves.
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