Price Analysis
Bitcoin bulls proved they are ready to buy dips to $100,000 and below. Which altcoins will follow?
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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.
- Altcoin Watch
XRP price risks a possible 41% plunge to $1.18 if a descending triangle pattern is confirmed on the charts.
2766 - Price Analysis
Bitcoin’s drop below the $100,000 support pulled ETH, XRP, SOL and HYPE lower, but a relief rally may be around the corner.
9087 - Altcoin Watch
XRP could drop 35%, potentially revisiting the $1.35–$1.60 range, on-chain and technical metrics suggest.
12956 - Price Analysis
Bitcoin’s sell-off is accelerating, and most altcoins are following BTC’s path. Will traders buy the dips?
10421 - Newsletter
Over 28% of Ether’s supply is now locked, signaling tightening liquidity conditions, as more Nasdaq-listed companies establish corporate crypto reserves.
2474 - Altcoin Watch
XRP price struggles due to declining open interest and weakening network activity, as a classic chart pattern points to a further downside for the altcoin.
15073 - Price Analysis
Bitcoin sell pressure ramps up as traders anticipate today’s FOMC results. Could BTC price fall to $100,000?
8513 - News
3iQ’s new XRP ETF, backed by Ripple, begins trading on the Toronto Stock Exchange with zero management fees for the first six months.
7326 - Altcoin Watch
Bullish fractals from 2017 suggest XRP could rally toward $3.70–$10, with some projections pointing to a breakout as high as $25 or more.
30494 - News
The Tuesday notices will push the SEC's deadline to approve or disapprove of the ETFs to late July, though it could be delayed further at that time.
16478 - News
Flare Network’s bridging technology and FAssets are bringing institutional and retail XRP holders into DeFi, tapping a massive pool of idle liquidity.
5373 - Market Analysis
XRP traders say it has the potential to rally to $14 if a technical setup similar to that in 2017 plays out, but a bull pennant breakout will be needed soon.
24893 - Price Analysis
Altcoins remain in a consolidation phase even as Bitcoin price looks ready to take a stab at new all-time highs.
8580 - Markets News
XRP price is up 2% on June 16, with the hopes that the Ripple-SEC lawsuit could ultimately be finalized and positive sentiment backing hopes for a falling wedge breakout.
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