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CATEGORY: ripple xrp


XRP $0.60 Triangle Breakout Could Ignite Parabolic Rally  Key Levels To Watch

Author: Sebastian Villafuerte
United Kingdom
Sep 24, 2024 12:05

XRP $0.60 Triangle Breakout Could Ignite Parabolic Rally Key Levels To Watch

XRP trades at a pivotal moment after several days of volatile price action, sparking renewed optimism among investors. Some analysts believe that XRP is on the verge of breaking out from a massive 4-year bullish triangle pattern, which has served as an extended accumulation period.  Related Reading: Bitcoin Indicator Signals Shift To Bullish Territory Can BTC Break Past $65,000? This technical formation has been steadily building up, and now XRP appears poised for a significant expansion phase. Following years of underperformance caused by the ongoing SEC lawsuit and broader economic uncertainty, the market is watching closely for a potential breakout. If XRP breaks through its current resistance levels, many expect a parabolic rally, potentially leading to new highs. Investors eagerly await confirmation of this move, viewing it as a crucial moment in XRP’s long-term market trajectory. As momentum builds, XRP’s next moves could define its performance in the coming months and its role in the broader crypto market.  XRP Price Action Suggests A Bullish Breakout  The entire crypto market has experienced a surge, with Bitcoin and many altcoins seeing double-digit percentage increases in price. This rally follows the Federal Reserve’s recent decision to cut interest rates by 50 bps, sparking optimism among investors who believe a new crypto bull run is on the horizon. XRP investors also feel optimistic, as analysts share promising insights suggesting positive performance in this cycle. Related Reading: Ripple Whales Accumulate Over 380 Million XRP in Just 10 Days: Is A Breakout Near? One prominent crypto analyst, Carl Runfelt, shared his technical analysis on X, highlighting the bullish triangle pattern that XRP has been forming since 2020. According to Runfelt, XRP could see explosive growth during this bull cycle, potentially going parabolic and rising by over 200% within weeks if the pattern breaks. The key level to watch is $0.60, which has acted as significant resistance in recent weeks. If XRP breaks above this critical price point, it could trigger a wave of “fear of missing out” (FOMO), driving substantial demand and pushing prices to new highs. Investors are closely watching this level, anticipating a breakout that could reshape XRPs trajectory for the remainder of the cycle. Pivotal Liquidity Levels XRP is currently trading at $0.587, sitting at a crucial level that could ignite a massive rally for the altcoin. After surging 15% since early September, the price is testing the weekly 200 moving average (MA) at $0.609 as resistance, a level that has held XRP down since April. Breaking through this barrier is essential for bulls aiming to extend the rally. XRP has reclaimed the weekly 200 exponential moving average (EMA) at $0.52, a strong demand zone since early July. This level will be key in holding up the price if a correction occurs. Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH Price Targets Revealed For XRP to continue up, the price must break the $0.60 level and reclaim the 1W 200 MA as support. A clean break above these levels would signal the potential for a larger rally and a shift in market sentiment. However, failure to close above current levels could lead to more sideways consolidation or even a deeper pullback. In that scenario, XRP may retest the weekly 200 EMA at $0.52, which could work as a critical support level. Featured image from Dall-E, chart from TradingView

Ripple Whales Accumulate Over 380 Million XRP in Just 10 Days: Is A Breakout Near?

Author: Sebastian Villafuerte
United Kingdom
Sep 21, 2024 12:05

Ripple Whales Accumulate Over 380 Million XRP in Just 10 Days: Is A Breakout Near?

XRP has shown remarkable resilience recently, maintaining its position above a critical support level, though a significant price move still looms. Key data from Santiment reveals that whales are actively accumulating XRP, having purchased over $228 million in the past few days.  Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH Price Targets Revealed This aggressive accumulation suggests a growing confidence among large holders as the market rallies toward higher prices. Analysts and investors closely watch XRP, anticipating a breakout from key supply levels that could trigger a rally to new highs.  With bullish sentiment rising, the next few days will be crucial in determining XRP’s price direction and its role in the ongoing market cycle. Will this whale activity lead to a major upward move, or could XRP remain in its current range? Only time will tell, but expectations are high as momentum builds in the broader crypto market. XRP Investors Waiting For A Big Move The crypto market has seen a significant surge, with Bitcoin and many altcoins posting double-digit percentage gains in recent days. The Federal Reserve’s decision to cut interest rates by 50 basis points sparked this rally, fueling optimism among investors now eyeing the potential start of a new crypto bull run. While investor sentiment for XRP has turned positive, the market has not yet reflected this in the token’s valuation. Top analysts and market participants are sharing insights that suggest XRP may be gearing up for a strong performance this cycle. One prominent technical and on-chain analyst, Ali, highlighted compelling data from Santiment, which shows that XRP whales are making substantial moves.  In the past 10 days, these large holders have purchased over 380 million XRP, valued at approximately $228 million. This marks the highest level of whale accumulation since early August, a bullish signal for XRP. The accumulation of XRP by whalesoften considered smart moneyis a sign of strength and confidence in the token’s future price action.  Related Reading: XRP The Safest Investment To Make 100% ROI Former Asset Manager Shares Price Targets As the broader market continues to push higher, investors are optimistic that this accumulation could be an early indicator of a major rally for XRP in the coming days. With momentum building, many are positioning for the next big move. Price Levels To Watch  XRP is currently trading at $0.59 after several days of choppy price action, testing a supply level around this range. While XRP remains above the daily 200 moving average (MA) at $0.549a sign of long-term strengthit has struggled to close above the $0.60 mark since late August. For bulls to trigger a move to new local highs, the price must reclaim the $0.60 level and hold above it. Doing so would set the stage for a challenge to a key liquidity zone around $0.65. The $0.65 price point has served as a significant resistance level, unbroken since early March. It’s also considered a psychological barrier that, if breached, could drive the price to higher levels rapidly. Investors and analysts are keeping a close watch on this level, as breaking through it would likely bring renewed bullish momentum. Related Reading: Dogecoin Breaking Out Of Monthly Downtrend: Can DOGE Reach $12? However, if the price fails to close above the current price level in the coming days, a pullback toward the daily 200 MA around $0.55 is expected. This would mark a critical test of support, and any breach below this level could signal further downside risk for the token. Featured image from Dall-E, chart from TradingView

XRP The Safest Investment To Make 100% ROI  Former Asset Manager Shares Price Targets

Author: Sebastian Villafuerte
United Kingdom
Sep 18, 2024 12:05

XRP The Safest Investment To Make 100% ROI Former Asset Manager Shares Price Targets

XRP is holding strong above a critical price level after weeks of choppy price action, now testing local demand to push higher. Many analysts and investors remain confident about a potential surge in the coming months, with some projecting significant price gains once XRP consolidates above current levels.  Related Reading: Dogecoin Breaking Out Of Monthly Downtrend: Can DOGE Reach $12? One top analyst and former asset manager, Amdtrades, shares this optimistic outlook, predicting a price increase above $1.26 shortly. Despite the confidence, uncertainty lingers across the broader market.  The next few days will be crucial in determining the overall direction of XRP and the crypto market. Analysts believe that how XRP performs during this period could either fuel bullish sentiment or lead to further consolidation. Investors are closely watching these developments, as XRPs movement could set the tone for market trends in the coming months. XRP Could Surge To $1.26 In Weeks XRP has recently demonstrated notable resilience compared to other altcoins. It has held firm above key liquidity areas and signaled a positive outlook for the months ahead. Many analysts and investors are beginning to notice the potential for a substantial price surge shortly. One prominent crypto analyst, Amdtrades, with nine years of experience as an asset manager and derivatives trader, recently shared his technical analysis on X, highlighting XRPs strong positioning. In his analysis, Amdtrades showcased a weekly XRP chart that clearly outlines a defined uptrend. This uptrend has been consistently respected by the price, suggesting solid monthly support that could serve as the foundation for further upward momentum in this market cycle. Amdtrades views XRP as one of the safest investments for those seeking a 100% return on investment (ROI) in the crypto space. He has identified several key price targets for XRP, specifically around $1.18 and $1.26, which he anticipates will be reached in the coming weeks. Related Reading: Solana (SOL) Faces Serious Risk After Failing To Close Above Key Level Details According to his analysis, if XRP continues to hold above current levels and successfully clears out local supply near $0.70, an aggressive surge toward these targets is highly likely. Such a breakout would not only validate XRPs uptrend but also position the cryptocurrency for even higher price levels as bullish sentiment strengthens. As the market faces uncertainty, XRP remains a strong contender for those looking to capitalize on its strength and potential upside in the near term. Price Action Details XRP is currently trading at $0.587 after several days of volatility, following a 19% surge from local lows. The altcoin has struggled to break past this price level, but it remains above a critical support area.  XRP is trading above the 4-hour 200 exponential moving average (EMA) at $0.563, which has acted as a key indicator of short-term strength. This level was tested as support yesterday, confirming XRP’s recent stability despite volatile market conditions. For bulls to maintain momentum, XRP must break above the $0.60 mark, confirming a higher high and signaling a move toward higher supply levels. Breaking this resistance would suggest the continuation of a bullish trend and potentially lead to a stronger recovery for the altcoin. Related Reading: Bitcoin (BTC) Long-Term Holders Locking Consistent Gains: A Sign Of Stability? On the other hand, if XRP fails to maintain support above the 4H 200 EMA, it could face a deeper correction. A breakdown would likely lead the price to test local demand around the $0.545 level, putting short-term bullish hopes in jeopardy. Maintaining support at current levels is essential for a sustainable rally. Featured image from Dall-E, chart from TradingView

Ripple Locks 700M XRP AgainWhats Behind This Billion-Dollar Move?

Author: Mutuma Maxwell
Estonia
May 03, 2025 02:35

Ripple Locks 700M XRP AgainWhats Behind This Billion-Dollar Move?

Ripple Labs conducted a rebalancing operation in May 2025, during which it placed 700 million XRP into escrow status. A 1 billion XRP transfer occurred in separate stages: 500 million, followed by 30 million, and 170 million XRP. The XRP market briefly experienced effects from this decision, yet its price remained unaffected. At present rates, […]

Top Analyst Sees Red Flags, Will XRP Price Plunge Below $2 Soon?

Author: Mutuma Maxwell
Estonia
May 03, 2025 02:35

Top Analyst Sees Red Flags, Will XRP Price Plunge Below $2 Soon?

XRP price maintains its resistance at $2.23 as it demonstrates stable performance in the short term within the volatile digital currency marketplace. A major analyst’s market assessment points to a 30% downward change due to negative chart indicators. The prediction shows that the XRP price may reach $1.55 if its primary support levels fail to […]

Apr 07, 2025 02:35

Traders Bet Big as XRP Open Interest Blasts Through $3 Billion Barrier

XRPs open interest has surpassed the $3 billion mark within 24 hours, bringing new attention to Ripples native cryptocurrency XRP. Per CoinGlass data, Ripple open interest reached $3.61 billion, indicating that traders are highly bullish on the altcoins price movement.  XRP’s surge in open interest, a measuring metric used to determine the value of outstanding […]

Apr 28, 2025 02:35

XRP Breakout Imminent: $2.29 Resistance Could Spark Major Rally

Ripple (XRP) analysis shows that XRP might be poised to see a substantial price action. One crypto analyst recently noted that XRP’s chart was showing narrowing Bollinger Bands, which generally means a break would occur. Currently consolidating around the middle line from a recent bounce off lower support, XRP may see a surge in volatility […]

Ripple (XRP) Price Prediction: Will it Reach $1,000 as Blockchain Adoption Soars?

Author: Arslan Tabish
Estonia
Apr 25, 2025 02:30

Ripple (XRP) Price Prediction: Will it Reach $1,000 as Blockchain Adoption Soars?

Ripple (XRP) is anticipated to bounce higher in the next few years, with price forecasts ranging from $3 up to $1,000. The market dynamics of Ripple could lead to XRP peaking from $3 to $5 in the future. XRP could possibly rise to between $10 and $20 given the progressing altcoin season. This surge would […]

Apr 17, 2025 02:30

XRP Consolidates at Crucial Zone, Breakout Toward $2.40 on the Horizon

Ripples native token, XRP, is showing signs of resilience despite a turbulent week in the cryptocurrency market. As of now, marking a 3.39% decline over the last 24 hours. However, a 10% increase in XRP trading volume signals growing investor interest, suggesting that bullish momentum could soon return. Global Tensions Weigh on Crypto Market The […]

Apr 13, 2024 02:55

Breaking Crypto News: Ripples $5T Forecast, Coinbase, SOL & PayPal

Explore the latest crypto insights: Ripple's bullish forecast, Coinbase's court win, Solana's fix, PayPal's new feature, and Ethena's Bitcoin move.

The post Breaking Crypto News: Ripples $5T Forecast, Coinbase, SOL & PayPal first appeared on StealthEX.

XRP Price Forecast: Can XRP Reach $19 or $45 in the Next Cycle?

Author: Arslan Tabish
Estonia
Apr 12, 2025 02:30

XRP Price Forecast: Can XRP Reach $19 or $45 in the Next Cycle?

XRP is receiving attention from analysts due to signs that it could experience a massive increase in price. Egrag stated that in the future, XRP may be aimed to reach $19 or $45. These are considered by historical prices and standards as well as technical indicators that make the rounds to attract the attention of […]

Apr 11, 2025 02:30

XRP Bullish Trend Price Expected to Hit 4.52 Dollars by April 2025

Ripple (XRP) is on a positive price trajectory and showing signs of further upward momentum. The overall market is in a bullish phase with Bitcoin’s recent surge and positive catalysts in the market. Currently, the cryptocurrency price is trading at $1.99, and its 24-hour volume is an incredible $7.61B. Its market capitalization is $116.6B. This […]

XRP Must Break Above $3 To Invalidate Bearish Pattern And Flip Bullish  Analyst

Author: Sebastian Villafuerte
United Kingdom
Mar 29, 2025 12:05

XRP Must Break Above $3 To Invalidate Bearish Pattern And Flip Bullish Analyst

XRP is facing a pivotal moment after failing to test the $2.60 resistance level, with price action now leaning toward critical demand. The token continues to trade sideways in a wide range, reflecting growing uncertainty as the broader crypto market faces renewed selling pressure. Despite a strong performance in recent weeks, bulls are struggling to maintain momentum, and the inability to push higher has left XRP vulnerable to further consolidation or downside. Related Reading: XRP Open Interest Has Surged 36% In Two Weeks Is Momentum Building? The market’s overall risk-off sentiment is making it difficult for altcoins like XRP to establish a clear direction. Investors remain cautious, and bulls must now defend key support zones to avoid triggering a deeper correction. XRP is approaching a critical demand area that could determine its short-term trajectory. Crypto analyst, Ali Martinez, shared insights on X, pointing to a potential bullish scenario if XRP can break above the $3 mark. According to Martinez, such a move would invalidate the current head-and-shoulders pattern forming on the chart, effectively flipping the outlook in favor of the bulls. XRP Faces Key Breakout Test Amid Market Uncertainty XRP is approaching a critical point in its price structure, where a breakout above key levels could trigger a major uptrend. However, investors remain cautious, with many worried that the current setup may be a bull trap especially given the unstable macro environment. Since late January, financial markets have faced growing turbulence, fueled by trade war fears and erratic policy behavior from U.S. President Donald Trump. This uncertainty has weighed heavily on risk assets, including cryptocurrencies, and continues to prevent clear trend formation across the board. XRPs price action reflects this broader market indecision. While the token has shown resilience, it remains locked in a wide range, unable to build sustained bullish momentum. The recent failure to break above the $2.60 resistance level has added to investor concern, as selling pressure appears to be creeping back into the market. Martinez weighed in on the situation, highlighting a technical level that could define XRPs short-term trajectory. According to Martinez, if XRP can break above the $3 mark, it would invalidate the current head-and-shoulders pattern forming on the chart a pattern typically associated with trend reversals. Such a move would flip the market outlook bullish and open the door for a major rally. Until that breakout occurs, however, the head-and-shoulders structure remains in play, and downside risks cannot be ignored. Investors are watching closely as XRP trades near critical support and resistance levels, knowing that the next breakout or breakdown could shape its direction for weeks to come. For now, XRP remains caught in a tight battle between bearish pressure and bullish potential. Related Reading: Avalanche 12-Hour TD Sequential Flashes Sell Signal After Nailing 50% Rally Details Bulls Defend Key Support at $2.20 XRP is currently trading at $2.22 after losing the critical $2.40 level, which aligns with both the 4-hour 200 moving average (MA) and the exponential moving average (EMA). This breakdown has weakened short-term momentum, placing bulls in a defensive position as selling pressure begins to build. The $2.20 level now stands as a key support zone that must be defended to avoid a deeper correction. To regain strength and shift momentum back in favor of the bulls, XRP must reclaim the $2.35 level in the coming sessions. A move above this resistance zone would indicate renewed buying interest and potentially trigger a push back toward the $2.60 range. Until then, price action remains fragile, with investors watching closely for confirmation. Related Reading: Solana Tags Upper Bollinger Band For First Time Since ATH Is Momentum Returning? However, if XRP fails to hold above $2.20, the market could see a sharp drop toward the $2.00 mark a psychological and structural support level that has held in previous corrections. Such a move would likely confirm bearish dominance in the short term and further delay any potential breakout. As volatility continues to build, the next few hours could be crucial for XRPs short-term trend direction. Featured image from Dall-E, chart from TradingView

XRPs Price Strategy: Is $44 the Ultimate Target for Crypto Investors?

Author: Arslan Tabish
Estonia
Mar 26, 2025 02:30

XRPs Price Strategy: Is $44 the Ultimate Target for Crypto Investors?

Egrag has given his insights on this digital currency and the possibilities of certain levels for XRP. In a recent X post he noted that investing and trading in cryptocurrency is not only a simple process but rather a phenomenon that is multidimensional in nature and hence needs proper time and strategies. This led the […]

Mar 26, 2024 02:30

Ripples (XRP) Soaring Trajectory: Bulls Eyeing $10 Amidst Renewed Surge

Ripple (XRP) has been increasingly capturing the attention of investors and analysts alike, signaling a potential for significant upward movement in its value. Recent market movements indicate that XRP is potentially on the brink of a significant upward movement. Having peaked at $0.74 in a recent bullish run, XRP underwent a retracement to $0.57, where […]

XRP Flirts With A Daily Range Breakdown  Price Must Hold Above $2 Level

Author: Sebastian Villafuerte
United Kingdom
Mar 12, 2025 12:05

XRP Flirts With A Daily Range Breakdown Price Must Hold Above $2 Level

XRP has fallen below the $2 mark for the first time since early February, following the broader market breakdown that has pushed most cryptocurrencies lower. Despite the intense selling pressure, XRP has held up stronger than many other altcoins, avoiding the steep declines seen across the market. However, uncertainty remains high, with analysts divided on XRPs next move. Related Reading: Charts Reveal Cardano Holds Key Support Zone Staying Above Could Set The Next Move Some experts believe that if XRP can reclaim key resistance levels, it could trigger a recovery rally, bringing back bullish momentum. On the other hand, bearish analysts warn of further downside, arguing that XRPs failure to hold above support levels could lead to a deeper correction. Top analyst BigCheds shared a technical analysis on X, suggesting that XRP is on the verge of breaking down below the $1.90 mark. If this happens, XRP could see increased selling pressure, leading to a larger drop in price. With price at a pivotal level, traders are watching whether it can stabilize and recover or if further losses are on the horizon. The coming days will be crucial in determining XRPs short-term trend as market volatility remains high. Crypto and Stock Markets Struggle Amid Uncertainty The entire crypto market has been struggling as negative macroeconomic conditions continue to weigh on investor sentiment. U.S. President Trumps policies and global trade war tensions have created an environment of volatility and uncertainty, making it difficult for markets to stabilize. As a result, the U.S. stock market has plunged to its lowest levels since September 2024, adding to the overall risk-off sentiment across all asset classes, including cryptocurrencies. Related Reading: Bitcoin Could Rally Above ATH To $128K On-Chain Indicator Signals Potential Recovery With fear and uncertainty rising, analysts are calling for a continuation of the downtrend across both traditional markets and digital assets. Investors remain hesitant to enter long positions, and many are waiting for clearer signals before making any moves. XRP, despite holding up better than some altcoins, is not immune to the broader market turmoil. BigChed’s technical insights on X warn that XRP is flirting with a range breakdown on the daily chart. According to his analysis, if XRP loses the $2$1.90 support level, it could trigger a significant drop, opening the door for further downside pressure. As XRP hovers near this critical level, traders are closely monitoring whether bulls can defend key support or if the market-wide downturn will push prices even lower. With macroeconomic concerns and heightened volatility dominating the landscape, the coming days will be pivotal in determining XRPs short-term trajectory. XRP Holds $2 Amid Heavy Selling Pressure XRP is currently trading at $2.13 after experiencing massive selling pressure over the past few days. Earlier, the price briefly dropped to $1.89, testing a critical support level before bouncing back above the $2 mark. Despite the short-term recovery, XRP remains under bearish control, and bulls must hold firm above $2 to prevent further downside. For XRP to regain momentum, buyers need to push prices toward key resistance zones around $2.30$2.50. A strong move above these levels could confirm a recovery, helping XRP avoid a larger market-wide sell-off. However, failing to defend the $2 support would put XRP at risk of a deeper correction, with the next major demand zone sitting around $1.60. Related Reading: Ethereum Breaks Out Of Descending Triangle Pattern Fakeout Or Recovery Rally? With volatility increasing across crypto markets, XRPs price action remains uncertain. Bulls must step in soon to reclaim higher levels, or the risk of further losses will continue to grow. The next few trading sessions will be crucial in determining whether XRP can stabilize or if it will extend its decline toward lower price levels. Featured image from Dall-E, chart from TradingView

Mar 30, 2023 05:50

XRP Breaks Major Trendline, Rises 49% Amid Regulatory Uncertainty

XRP’s upward trend, which started on March 21st, continues to gain momentum, as the cryptocurrency has surged by over 49% since the end of the “crypto winter.” Breaking through a major resistance level below $0.5, XRP is showing strong gains and bullish momentum in the market.   XRP is currently trading at $0.5510, positioning it among [...]

The post XRP Breaks Major Trendline, Rises 49% Amid Regulatory Uncertainty appeared first on Crypto Breaking News.

Apr 27, 2023 06:30

Ripple Price Forecast: XRP Suffers In The Hands Of Market Woes But Bullish Momentum Holds, Here’s What To Expect

Ripple (XRP) price has displayed a rather volatile price action since late March. This came amid the woes about its case against the United States [...]

Apr 28, 2023 08:25

XRP Dominates The Market: ADV On Centralized Exchanges Surged by 46% In Q1 2023, Report

XRP, the sixth-largest cryptocurrency by market capitalization, has recorded significant gains in the first quarter of 2023. Despite a drop from its yearly high of $0.590, XRP dominated the crypto market with total sales in Q1 2023 of $361.06M, net of purchases, compared to $226.31M in the previous quarter. Related Reading: Avalanche Remains Under Pressure Despite Circle’s CCTP Effort XRP Shines In Q1, Records Impressive Growth And Performance According to the Q1 report by Ripple, XRP Ledger (XRPL) on-chain activity remained strong, with decentralized exchange volumes increasing by 34% to $115M in Q1 2023 versus Q4 2022. Furthermore, XRP Average Daily Volume (ADV) on centralized exchanges jumped 46% in Q1 to $1B from $698M, indicating high demand for the cryptocurrency. While financial turmoil dominated the markets in Q1 of 2023, the token recorded a 46% increase in volumes compared to the previous quarter, according to the report. This increase can be attributed to market recovery and large volatile events spike volumes. Furthermore, according to the data released by Ripple, the XRPL’s on-chain activity remained strong in Q1 2023. The total number of transactions increased to 116,341,516, up from 106,429,153 in the previous quarter. The average cost per transaction (in XRP) also increased slightly to 0.00121 from 0.00096 in Q4 2022, while the average cost per transaction was $0.000484. In addition, the XRPL burned 140,993 tokens for transaction fees in Q1 2023, reflecting an increase from the previous quarter. The average XRP closing price during the period was $0.40, slightly lower than the previous quarter’s $0.42. The XRPL’s decentralized exchange (DEX) volumes also increased in Q1 2023, with $114,567,441 traded on DEX, up from $85,772,947 in the previous quarter. The number of trust lines remained stable at 8,317,321, while the number of new wallets created was 140,558. Moreover, The XRP Ledger’s on-chain activity remains robust, with Ripple’s latest report revealing that transactions increased by 9% in Q1 2023 to 116 million, compared to 106 million in the previous quarter. NFTs have emerged as a key driver of activity, with over one million assets minted on the Ledger since XLS-20 went live on the mainnet. Rising Above The Rest The report also notes that due to the recent banking crisis, Ripple temporarily stopped purchasing XRP for several days due to the disruption. However, the company has since resumed purchases and plans to continue purchasing XRP as ODL (On-Demand Liquidity) adoption grows. In addition, during Q1 2023, three billion XRP were released out of escrow, with one billion released each month, in line with prior quarters and the official escrow arrangement. Of the three billion XRP, 2.1 billion were returned and subsequently put into new escrow contracts throughout the quarter, ensuring the stability and predictability of XRP’s supply. At the time of writing, XRP is trading at $0.4640, representing a decline of 2.5% over the past 24 hours. In the wider time frames, XRP is experiencing a downturn, with 5%, 8%, and 3% decreases in the seven-day, fourteen-day, and 30-day timeframes, respectively. Related Reading: Solana Can Rally Over 20% If It Breaches This Level Featured image from Unsplash, chart from TradingView.com

Jul 24, 2023 05:50

Lawyer Discusses SEC Appeal of Ripple-XRP Ruling — Says It Could Take 2 Years

A lawyer has provided insights into the potential outcomes if the U.S. Securities and Exchange Commission (SEC) decides to appeal the Ripple ruling regarding XRP. Despite the securities regulator’s indication to appeal the ruling, the lawyer emphasized that “There isn’t an immediate right to an appeal.” He pointed out that if the case is appealed, [...]

The post Lawyer Discusses SEC Appeal of Ripple-XRP Ruling — Says It Could Take 2 Years appeared first on Crypto Breaking News.

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