XRP, the fifth-largest cryptocurrency in the market, has entered a phase of macro consolidation following a significant decline that began on July 20. This consolidation has maintained the token’s price within a range of $0.4858 and $0.5505, before Ripple Labs’ legal victory against the US Securities and Exchange Commission on July 13. XRP Consolidation Continues…
After the initial excitement surrounding Ripple Lab’s partial legal victory against the US Securities and Exchange Commission (SEC) subsided, XRP experienced a decline that led it to test its 4-month support line at $0.4240. However, the cryptocurrency has demonstrated resilience by reclaiming its important psychological level of $0.50 and reentering its previous consolidation or accumulation…
After a highly anticipated partial victory for Ripple Labs and XRP investors, the fifth-largest cryptocurrency has succumbed to the overall market downward trend, dampening the excitement following its July 13 triumph against the US Securities and Exchange Commission. Over the past 30 days, XRP has retraced by more than 26%. Despite experiencing significant price fluctuations…
In a significant legal victory for Ripple, the Southern District of New York has ruled that the company’s programmatic sales and other distributions of XRP did not constitute an offer and sale of investment contracts. However, the court found that Ripple’s institutional sales of XRP did constitute an unregistered offer and sale of investment contracts…
In an interview with the Digital Pound Foundation, Ripple Head of Policy Susan Friedman shared her positive outlook on London’s potential as a crypto hub, highlighting its dedication to developing ecosystems for crypto assets and Central Bank Digital Currencies (CBDCs). Ripple Advocates For Encouraging CBDC Ecosystem Development Friedman noted that Ripple’s goal is to advocate…
Since reaching its yearly high of $0.5842 on March 29th, XRP has experienced a significant price drop. The token has lost its bullish momentum and failed to breach higher levels, disappointing investors who were optimistic about the uptrend of one of the largest cryptocurrencies in the market. It is worth noting that XRP’s recent price…
The May market crash and its resulting bearish trend caused massive losses for investors. But the Ethereum merge adverse effect was an unforeseen force. The crypto market has recorded more pullbacks than rallies since September 15. Many analysts, especially Ethereum supporters, hyped the merge, making others believe it’ll reverse the market. Unfortunately, after the upgrade,…
Ripple (XRP) has had a tough time producing double-digit gains against tether (USDT) as prices continue to range with little or no movement in recent times. The crypto market in its early days saw prices of altcoins surge as most coins rallied with considerable price gains, but that can not be said of Ripple (XRP).…