News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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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.
- Market Analysis
XRP price contends with short-term sell pressure, but a double-digit drop in its open interest could open the door to a new accumulation opportunity.
8027 - Price Analysis
Bitcoin opened the week with a sell-off to $110,530, but BTC and altcoin charts suggest a quick recovery to the trading range averages could occur.
10267 - Altcoin Watch
XRP price failed to decisively break above the $3 psychological resistance in the past week, but most analysts are confident about a breakout soon.
9036 - Market Analysis
An XRP chart fractal and whale flows hint at a short-term dip before a possible “moonshot” breakout to new all-time highs in Q4.
9089 - Altcoin Watch
XRP data highlights investor profit-taking and reveals reasons why the altcoin’s price could continue to fall.
20683 - Price Analysis
Bitcoin and Ether are trying to rise from their respective lows, indicating strong buying on the dips.
12678 - Altcoin Watch
Bitcoin and altcoins continue to sell off, but Solana’s fundamentals and accelerating institutional traction hint at a price recovery to $200.
5168 - Price Analysis
Bitcoin is showing signs of exhaustion, suggesting a deeper correction toward the $110,530 support. Will altcoins follow?
9578 - Altcoin Watch
Low demand-side volume and weakening price technicals could spell trouble for the XRP price, as bulls must reclaim $3 support or face a deeper correction.
10332 - Altcoin Watch
XRP price could drop by over 20% in the coming weeks due to multiple onchain indicators hinting at a local top formation.
18162 - News
Wellgistics is bringing Ripple’s XRP Ledger to 6,500 US pharmacies, one of the first large-scale blockchain payment systems in healthcare.
16600 - Price Analysis
Bitcoin and Ether’s pullback suggests selling on rallies, but buyers are likely to step in at key support levels.
11618 - Price Analysis
Bitcoin and Ether look poised to hit new highs soon. Which altcoins could follow?
19152 - Altcoin Watch
Multiple technical setups suggest a potential XRP price rally toward $6 and above amid increasing futures open interest.
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