Aug 24, 2024 12:00

Is XRP bottoming out versus Bitcoin? Chart fractal mirrors 500% rally setup

XRP price is mirroring a 2021 bullish chart fractal that preceded a 500% rebound.

Jul 31, 2024 12:00

XRP déjà vu: Is another 60,000% price surge on the horizon?

XRPs monthly volatility has plunged to its lowest levels ever, approaching the range that preceded the 60,000% price surge in 2017-2018.

Apr 24, 2024 12:05

Analyst Says XRP Price Will Reach $100, But This Needs To Happen First

Crypto analyst JackTheRippler has raised the possibility of the XRP price rising to $100 soon enough. As part of his prediction, he mentioned what needs to happen for the crypto token to attain such ambitious heights.  How XRP Price Could Rise To $100 JackTheRippler suggested in an X(formerly Twitter) post that the XRP price hitting $100 was inevitable once the case between the Securities and Exchange Commission (SEC) and Ripple came to an end. Furthermore, he predicted that XRP could rise to as high as $10,000, claiming that the crypto token hitting five figures was achievable after the lawsuit. Related Reading: Brazil Wants BTC: 7,400 Bitcoin Futures Contracts Created On First Day Of Trading The analysts remarks again highlight the belief among members of the XRP community that the SECs lawsuit against Ripple has greatly hindered XRPs growth. Specifically, the lawsuit is believed to be why XRP underperformed in the 2021 bull run, having made remarkable strides in the 2017 bull run (long before the lawsuit was instituted).  Meanwhile, in his remarks, JackTheRippler alluded to XRP gaining regulatory clarity once the case between the SEC and Ripple was over. This statement caught the attention of some of his followers, who pointed out that it had gotten clarity following Judge Analisa Torres ruling that XRP isnt a security.  Interestingly, XRP has failed to mount any significant run despite gaining this clarity last year. This is one reason why some XRP holders seem to have lost faith in the crypto token, as expectations were high following Judge Torres ruling. However, nothing much happened as the crypto token briefly rose on the back of the ruling but steadily declined in the following weeks.  Therefore, these holders will likely be cautious about getting their hopes high despite JackTheRipplers optimism since XRP could still maintain its unimpressive price action even after the SECs lawsuit is over.  The SECs Lawsuit May Not Be Ending Anytime Soon Meanwhile, it is worth noting that the case between the SEC and Ripple could even drag on beyond this year, irrespective of the outcome of the penalties stage, as both parties are likely to appeal certain rulings. This means that XRP holders might have to wait a while to see if the crypto token hits $100 based on JackTheRipplers prediction.  Related Reading: Shiba Inu Whales Move Over 3.19 Trillion SHIB, Where Are They Headed? If the case is prolonged beyond this year, XRP could miss out on achieving its true potential in this bull run if the lawsuit is indeed acting as a stumbling block to its progress. The lawsuit has, however, not stopped crypto analysts like Egrag Crypto from making bullish predictions for XRP in this bull run. He predicts the crypto token could rise to as high as $27 at this market peak.  At the time of writing, XRP is trading at around $0.54, up over 2% in the last 24 hours, according to data from CoinMarketCap.  XRP price shows bullish momentum | Source: XRPUSDT on Tradingview.com Featured image from Bitcoinist, chart from Tradingview.com

Mar 27, 2024 12:05

Ripple CEO Responds To SECs Shocking $2 Billion Demand

In a rather shocking development, the United States Securities and Exchange Commission (SEC) has demanded a $2 billion sanction against Ripple. Responding to the startling demands, Ripples Chief Executive Officer (CEO), Brad Garlinghouse has taken a firm stance against the agencys demands, determined to expose the true nature of the SEC. Ripple CEO Criticizes SECs Demands Stuart Alderoty, the Chief Legal Officer (CLO) of Ripple recently disclosed in a post on X (formerly Twitter) that the US SEC has petitioned a Judge for $2 billion in fines and penalties against Ripple. According to the Ripple CLO, the SEC is in a relentless pursuit to punish and intimidate Ripple, rather than faithfully applying the law.  Related Reading: Bitcoin To $50,000 Or $80,000? Crypto Expert Predicts Where Price Is Headed Next Challenging the SECs $2 billion penalty, Garlinghouse emphasized that the agency has consistently operated beyond the bounds of law in various enforcement actions. He disclosed that Judges have also taken note of the SECs actions, previously admonishing the agency for its extensive abuse of power entrusted to it by Congress.  The Ripple CEO also criticized the SECs penalty demand, arguing that it lacks precedent and justification, particularly given the absence of any allegations, findings of fraud or recklessness in the case. As a result, Garlinghouse has vowed to expose the SEC for its conduct, emphasizing that Ripple will vigorously respond to the SECs action.  Notably, Alderoty has disclosed that the companys legal team will be addressing the SECs demands in a filing scheduled for next month. Offering his perspective on the SEC, the Ripple CLO characterized the agency as one that trades in statements that are false, mischaracterized and designed to mislead. SEC Actions Hurt XRP Holders The Most In its lawsuit against Ripple, the US SEC accused the payment company of violating securities laws by selling XRP in unregistered securities offering to investors in the US. According to the agency, the company and its executives had allegedly failed to protect its investors, depriving them of adequate disclosures of XRP.  However, members of the Ripple community argue that the SECs enforcement actions against Ripple have not protected investors but caused even deeper challenges and financial losses for XRP holders.  Related Reading: Bitcoin Whales Remove A Staggering $2.3 Billion From Exchanges, Is It Time To Buy? A popular XRP enthusiast, identified as XRPCryptoWolf has asserted that it should be the SEC, not Ripple, paying billions to XRP holders.  The SEC asking for $2 billion in fines and penalties is ridiculous when theyre the ones who financially hurt XRP holders the most. The SEC owes XRP holders tens of billions of dollars, he stated.  The XRP community member disclosed that after the SEC announced its lawsuit against Ripple, approximately $15 billion was wiped out from XRPs market capitalization, and the token was also delisted from major exchanges. As a result of the lawsuits significant impact on XRPs value, millions of XRP holders experienced financial losses. XRP price at $0.644 | Source: XRPUSDT on Tradingview.com Featured image from Inside Bitcoins, chart from Tradingview.com

Jul 29, 2023 08:25

Traders’ Interest In XRP Remains Solid Despite Price Retreat, Data Shows

The enduring allure of XRP, despite market volatility, may be evidence of its continued relevance, as it has continued to attract the interest of traders and investors equally. Even as the dust settles after Ripple’s recent victory jubilation, the cryptocurrency market remains keen on XRP. Kaiko, a provider of market data on digital assets, reports that the open interest ratio on XRP futures trades on prominent exchanges remains quite impressive. Recently, the crypto market has experienced a pervasive price reversal. Despite the pullbacks, traders’ interest in the Ripple cryptocurrency remained remarkably high, according to Kaiko. At the time of writing, XRP was in the red in all timeframes, trading at $$0.712, down a measly 0.02% in the last 24 hours, and a considerable 8.4% in the last seven days, data from crypto market tracker Coingecko shows. Given these numbers, XRP is still able to shine in another key department. XRP in crimson in all timeframes during the weekend. Source: Coingecko XRP Community Remains Upbeat About The Crypto Kaiko shows that across numerous markets, XRP’s volume-to-open interest ratio is consistently higher than the median value. This reliability suggests that the XRP coin is actively traded in a healthy market. This percentage is significantly greater than the market average, indicating strong liquidity and sustained interest from traders and investors. On prominent exchanges, the volume-to-open-interest ratio is also used to measure trading activity. When the interest metric is high, it indicates that more purchasers and sellers are willing to trade the token, which indicates speculative interest. A favorable volume-to-open interest ratio could be a signal for market participants to trade in such a token. Related Reading: Dogecoin Ascendance: How It Captured PEPE Investors’ Attention Ripple’s popularity on social media, as assessed by Santiment, has increased dramatically over the previous two months, reflecting the excitement surrounding the cryptocurrency. Its social dominance increased dramatically in late May and early June, peaking at over 4%. Source: Santiment Ripple had just roughly 2% of the social market share at the time this story was published. Despite the fact that this number may appear tiny, it demonstrates that the cryptocurrency has a significant presence and impact in the crypto community as a whole. Despite the fact that Ripple appears to be a minor topic of discussion, it has managed to stand out as a formidable contender, attracting the attention of enthusiasts and experts alike and causing them to discuss it. XRP market cap currently at $37 billion. Chart: TradingView.com In the ever-evolving world of cryptocurrencies, where numerous digital assets vie for attention and recognition, Ripple carved out a useful niche for itself, influencing discussions about blockchain technology and financial innovation. Strong Social Footprint Even though Ripple must contend with other well-known cryptocurrencies, the fact that it has maintained a strong social presence indicates that it has a large number of supporters and investors. Related Reading: Is Arbitrum Promise Fading? Downtime, Metrics Decline Raise ARB Price Alarms Meanwhile, the loss of nearly 10% of XRP’s value over the past week appeared insignificant to some speculators. Based on figures from Santiment, the funding rate for cryptocurrencies was 0.1%. A positive reading of the funding rate indicated favorable sentiment on average. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Times Tabloid

Apr 11, 2022 09:55

The XRP Price is About to Go Wild! (Biggest Conspiracy Theory in Crypto) | BitBoy Crypto Interview

Will the XRP price go up in 2022? Is Ripple losing against SEC? Today we are joined by Ben of BitBoy Crypto to talk bitcoin, cryptocurrency, altcoins, & more! Subscribe to BitBoy: https://www.youtube.com/channel/UCjemQfjaXAzA-95RKoy9n_g All persons in this video are not financial advisors. The conversations are only opinions. Investing in cryptocurrency is very risky. DYOR. Follow […]

Jul 19, 2023 12:30

Ripple (XRP) Market Cap Continues to Surge Post-SEC Victory!

XRP, the native cryptocurrency of Ripple, has witnessed a dramatic resurgence in the wake of its partial victory against the SEC last Thursday. This favorable legal victory has resulted in XRP’s relisting on major crypto exchanges, triggering a surge in demand and trading volume. Analyzing the Market of XRP Following

May 18, 2023 08:25

Ripple case: SEC Hinman docs could become public by June 6, lawyer suggests

The infamous Hinman Speech docs are required to be unsealed by June 6 according to a previous court order, suggests defense attorney James K. Filan.

Nov 28, 2024 12:00

Is XRP price going to crash again?

XRP could crash by 25% in the worst case scenario, particularly due to its overbought conditions that have preceded similar price crashes.

Oct 11, 2024 12:05

Second XRP ETF Filing Hits The Market, How Did The XRP Price Respond?

The crypto ETF market is expanding at an alarming rate, with news of a second XRP Exchange Traded Fund (ETF) filing spreading across the space. Canary Capital, a boutique Sydney investment and corporate advisory firm has just filed an XRP ETF, following Bitwises lead. With the new ETF filing, the price of XRP could see a possible change in the future.  Canary Capital Files New XRP ETF On Tuesday, October 8, Canary Capital submitted an official S-1 filing for an XRP ETF with the United States Securities and Exchange Commission (SEC). This filing comes just after Bitwise, another top asset management company filed for an ETF on September 30, marking the first ever XRP–based ETF in the crypto market.  Related Reading: Dogecoin Vs. Bitcoin: Gauging The Performances Of Two Crypto Giants This Cycle According to Canary Capitals new filing, the Trusts investment goal is to provide direct exposure to the value of XRP, enabling investors to access this cryptocurrencys market through a brokerage account. Through this method, Canary Capital intends to limit the potential barriers to accessing the market and reduce the risks involved in acquiring and holding XRP.  Canary Capital has also stated that it aims to track the performance of XRP in the market, as measured by the Trusts Pricing Benchmark. This pricing benchmark will utilize a similar methodology to the real-time price of the Chicago Mercantile Exchange (CME) CF Ripple index.  While divulging the objectives and risk factors associated with an XRP ETF, Canary Capital failed to disclose the identity of the custodian for its potential XRP ETF. The investment management company also did not provide details on the ticker to be used for its XRP ETF, however, revealed that the Trustee for the investment product would be the Delaware Trust company.  Despite the optimism Canary Capitals new XRP ETF filing has generated in the crypto community, both its application and Bitwises still require approval from the SEC before they can launch in the market.  Presently, the likelihood of a swift approval appears low, considering Ripples ongoing legal battle with the regulator. Earlier this month, the US SEC submitted a new appeal to challenge the courts July 2023 ruling that programmatic sales of XRP are not considered securities.  XRP Price Falls As Regulatory Uncertainty Clouds Optimism Despite Canary Capital’s new XRP ETF filing, the price of XRP has been on a downward trend, showing no signs of moving out of bearish momentum trends. CoinMarketCaps data shows that XRP has fallen by 0.72% in the last 24 hours and another 0.79% over the past week.  Related Reading: Bitcoin Price Fails At MA-200, Is A Crash To $52,000 Coming? The cryptocurrency has been in the red for the past few weeks, only seeing slight gains when market conditions turn significantly favorable. With the new XRP ETF, many would expect the XRP price to rally, as anticipation for the investment product builds in the crypto space. However, XRP is still consolidating around the $0.5 mark, even experiencing a decrease in its 24-hour trading volume.  It is clear that XRPs bullish momentum has been completely overshadowed by regulatory uncertainty and negative sentiment. Despite this, many in the XRP community continue to maintain a positive outlook, expecting the price of XRP to break out to the upside soon.  Featured image created with Dall.E, chart from Tradingview.com

Aug 10, 2023 12:30

U.S SEC Fights Back; Files Interlocutory Appeal in Ripple Lawsuit

After the partial win against the United States Securities and Exchange Commission (SEC), the crypto firm Ripple had seen a market surge with a positive impact. The SEC said that it will be seeking an interlocutory appeal, which is a review of a judgment prior to the full trial’s conclusion. 

Jul 07, 2023 12:30

Ripple vs SEC New Update: XRP Holders at Risk?

The Ripple vs SEC legal battle has captured the attention of cryptocurrency enthusiasts worldwide. Also, a pro-XRP lawyer John Deaton

Jul 05, 2023 12:30

Ripple vs SEC End Near: New Update 2023

Ripple (XRP), the leading crypto, never fails to spark excitement in the cryptocurrency community. Ripple has grabbed attention not only

Jun 05, 2023 12:30

Ripple CTO Signals XRP Bullish Surge: New Rally Unleashed?

Ripple CTO David Schwartz confirms in a cryptic tweet that the native cryptocurrency “XRP is ready to take off.” He