Ripple recently faced significant selling pressure after being rejected at the critical $0.65 resistance level. This resulted in a 23% price drop, breaking below the 100—and 200-day moving averages. This price action hints at a potential downtrend continuation toward the $0.5 mark. XRP Analysis By Shayan The Daily Chart Ripple recently encountered intense selling pressure […]
Last week, the US Securities and Exchange Commission filed an appeal in the case against Ripple Labs. This has been one of the most highly anticipated moves, and many speculated that the watchdog would forego its right to do so because its chances of winning are slim. This is also probably the reason why XRP’s […]
The U.S. Securities and Exchange Commission’s (SEC) Director of Enforcement, Gurbir Grewal, has announced his resignation, effective October 11, 2024. His sudden exit comes at a critical moment for the regulator, as it is filing an appeal in its high-profile case against Ripple. Grewal Leaving as SEC Appeals Ripple Decision The departure was announced in […]
On Oct. 2, the US Securities and Exchange Commission filed a notice of appeal in the Ripple lawsuit seeking to overturn an earlier ruling. The agency has appealed a 2023 verdict set by Judge Torres, which ruled that secondary sales of Ripple’s XRP token did not constitute securities sales. The judge ruled that XRP failed […]
Crypto asset manager Bitwise has officially filed for an XRP exchange-traded fund (ETF) in Delaware. It marks a major step in the push toward institutional-level investment in Ripple’s native cryptocurrency. Bitwise CIO Says Filing is Genuine Fox Business reporter Eleanor Terrett took to X on October 1 to break the news that Bitwise had registered […]
TL;DR A popular analyst expects an Uptober for XRP, driven by the potential resolution of the Ripple v. SEC lawsuit and increased adoption. EGRAG CRYPTO predicts XRP could reach a new all-time high of $13 in the following months, though this is considered unlikely. The XRP Army is Waiting for Uptober October is a typically […]
TL;DR XRP gained 7.5% last week, boosted by Grayscale’s Ripple Trust launch and rumors of a Robinhood re-listing. BTC dropped below $60,000 after briefly surpassing $60,500, affected by negative news in the broader market such as the supposed assassination attempt on Donald Trump. SHIB increased by 2% over the week amid a high level of […]
XRP’s price retraced a couple of percent of its weekly gains but still up 7.2% for the seven-day period after a boisterous rally for the second half of the week. The RippleNet tokens, valued at over $30 billion in total market cap this weekend, jumped the gun on crypto exchanges last Thursday with a price […]
TL;DR The XRP Ledger (XRPL) will implement a major amendment in two weeks to enhance its Automated Market Maker (AMM) feature. Ripple’s XRP has seen a slight price decline, with a 1% drop over the past 24 hours and a 7% decrease over two weeks, despite recent updates. Activation in Two Weeks The team behind […]
Ripple recently faced rejection at the key resistance level of $0.64, causing the price to drop toward the lower boundary of its current range, closely aligning with the 200-day moving average at $0.55. Despite this pullback, the price is likely to experience a modest rebound, maintaining its sideways consolidation within this range. XRP Analysis By […]