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.
- Price Analysis
Bitcoin bulls aim to flip the $100,000 level to support, and if they succeed, altcoins could rally.
2684 - Analysis
One founder says Ripple is pursuing a SoftBank-style acquisition strategy using XRP, but others question whether the comparison fits.
1902 - News
The company touted the speed and low cost of using XRP and related technologies in its payment network of medical service providers.
6020 - Markets News
XRP price jumps as traders react to Trump’s trade deal tease, whale accumulation, and a bullish technical breakout.
1376 - 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.
25607 - Price Analysis
Bitcoin’s bounce off the lower levels increases the possibility of a rally to $100,000.
12237 - Altcoin Watch
XRP price is up today as macroeconomic conditions improve, but traders say key support levels must hold to sustain a recovery to new all-time highs.
4770 - 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.
748 - Price Analysis
Steady purchasing demand at Bitcoin’s lower support levels is keeping the pressure on the $95,000 BTC resistance zone.
8293 - Altcoin Watch
XRP ledger activity has dropped sharply in the past two months, increasing the downside prospects for XRP price to drop below the key $2 level and lower.
13641 - Price Analysis
Bitcoin looks ready to take a fresh shot at the $100,000 level, but will bears sell into the key price level once it’s hit?
12043 - 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.
10193 - Altcoin Watch
The approval odds for an XRP ETF approval rose to 85%, leading analysts to predict new all-time highs for the altcoin in 2025.
11595 - News
The analysts also raised estimated approval odds for other altcoin ETFs, including XRP and DOGE.
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