Altcoin Watch
XRP price is down 3.8% today, and bulls need to hold the important support level at $2.20 to avoid a deeper correction targeting $1.60 and lower.
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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
A bearish head and shoulders trading pattern, if completed, could kick off a 55% drawdown in XRP price.
14601 - Price Analysis
Bitcoin continues to face selling near $90,000, but the shallow pullback suggests that traders are viewing price dips as purchasing opportunities again.
3936 - Altcoin Watch
XRP could avoid another leg down if bulls hold the altcoin above the $2.40 support level and whales show signs of buying again.
3203 - Price Analysis
Bitcoin bulls press BTC price closer to a key resistance level as crypto markets rebound and investor sentiment improves.
4129 - Market Analysis
XRP price needs to stabilize above the $2.50 level for a continued move toward $3 and potentially higher levels.
2593 - News
Digital asset investment products record weekly net inflows for the first time in five weeks, but Ethereum-based ETPs have $86 million in outflows.
9898 - Markets News
XRP price is up 3% today, and improved market sentiment, anticipation of legal clarity and support from the 50-day SMA point to a higher move in the short term.
3173 - Newsletter
The SEC’s dismissal of the four-year legal case against Ripple is a “victory for the industry,” said Ripple CEO Brad Garlinghouse.
10554 - Market Analysis
In January, spot market traders drove the XRP price to an all-time high, and data shows this pattern emerging again. Are new highs in store?
7884 - News
Market participants have already been expecting the SEC to drop it’s four-year lawsuit against Ripple Labs, due to the Trump administration’s more crypto-friendly regulations.
6865 - Altcoin Watch
Ripple still faces a legal hurdle with an injunction preventing XRP sales to institutional investors, but price chart technicals are showing promise nonetheless.
21089 - News
Mt. Gox and Ripple co-founder Jed McCaleb is looking to send his company Vast’s commercial space station “Haven-1” into orbit and win a NASA contract in 2026.
10591 - News
The approval of the first spot SOL ETF may be the “next logical step” after the debut of the SOL futures ETFs, industry watchers told Cointelegraph.
4216 - Analysis
The high-profile SEC case against Ripple seems to have come to a close, but the crypto industry still doesn’t have the legal framework it wants.
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