Price Analysis
Bitcoin holds above $120,000 as corporate crypto treasury building and robust spot BTC ETF buying continue to support the new price range.
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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 posts strongest weekly gain since November as whale wallets hit record high, signaling rising confidence among large investors.
16086 - News
Santiment data shows the number of XRP whales has just hit an all-time high as the price of XRP continues to rally.
27585 - Altcoin Watch
Bullish chart setups hint at more upside for XRP, with price targets near $2.87 and possibly $3.72 if momentum holds.
20082 - News
Ripple shareholder Linqto has filed for bankruptcy following months of controversy around securities laws violations, with the first hearing expected on Tuesday.
14318 - Altcoin Watch
XRP price flips key breakout zone into support, but significant overhead resistance from the 200-day SMA at $2.36 remains the most important barrier for the bulls.
13844 - Price Analysis
Bitcoin failed to overcome resistance at $110,500, but charts suggest bulls will continue buying dips in BTC and altcoins.
10971 - News
Tokenized real-world assets (RWAs) continue to gain traction as crypto firms push for clear regulations for onchain financial instruments.
9842 - Altcoin Watch
XRP price dropped over 45% once after its daily Stochastic RSI hit overbought levels, and the same signal is flashing again this July.
17121 - Price Analysis
XRP could rally to $2.65 as a bullish trading pattern, and investors’ excitement over Ripple Labs’ US banking license application boosts interest in the altcoin.
9116 - Altcoin Watch
XRP’s price breaks out of a “pennant” with a profit target of around $3.20 amid increasing futures open interest.
5789 - Price Analysis
XRP trades in a tight range between $2 and $2.35, but the next price breakout could be driven by ETF speculators.
8401 - Altcoin Watch
XRP remains at risk of dropping to $1 if a key support zone is lost — one that aligns with the onchain realized price level.
15336 - Price Analysis
Bitcoin continues to face sellers at $109,000 even as most traders anticipate all-time highs and select altcoins rally at the start of the week.
6315 - Altcoin Watch
XRP price teases a breakout ahead, with big overhead resistance between $2.20 and $2.30 still in place and several key support levels below.
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