For the first time since mid-March, Bitcoin price dropped below $25,000 as trade volumes decreased and the U.S. Federal Reserve left interest rates untouched based on projections but warned of additional hikes this year to combat inflation. At the time of writing, Bitcoin was trading at $24,995, down 3.8% in the last 24 hours, data from…
The number sixth ranked cryptocurrency by market cap, XRP, is showing signs of a strengthening bullish trend according to a technical indicator designed to measure the underlying power behind price movements. Historically, when a particular signal appears on the monthly timeframe, a breakout occurs and sends the coin soaring higher. XRP Trend Strength Rises Above…
Data shows XRP and Ethereum are picking up social volume as investors have seemingly started to lose interest in Bitcoin. Bitcoin Social Volume Shows Drop, Traders Shift Focus Towards XRP & Ethereum According to data from the on-chain analytics firm Santiment, BTC’s social volume has decreased since its surge in March. The “social volume” here…
Ethereum (ETH) has experienced a sharp decline since Saturday, dropping from the $1,838 line down to the current level of $1,738 while XRP traded sideways. This has caused concern among investors and traders in the Ethereum market. However, experts and analysts believe the recent disclosure of the Hinman documents on June 13th could mark a…
In a significant development in the legal dispute between Ripple, a blockchain company utilizing XRP in its On-Demand Liquidity (ODL) solution for cross-border transfers, and the United States Securities and Exchange Commission (SEC), the Hinman materials have now been unsealed. Ripple’s legal representatives had been asserting the relevance of these documents in their defense against…
The eagerly awaited “Hinman documents” in the legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) have been published today! After the XRP price initially reacted moderately, the altcoin experienced a rise of about 6% at the time of writing. Just yesterday, Ripple CEO Brad Garlinghouse said that the Hinman docs…
XRP, Ripple’s native cryptocurrency, is now experiencing a surge of optimism as funds continue to flow, even in the face of a recession-hit industry. Despite the challenges and uncertainties that have plagued the crypto market, XRP has managed to stand out, capturing the attention of investors and enthusiasts alike. But what exactly is fueling this…
Ripple’s token price is rising above the $0.52 resistance against the US Dollar. XRP price is trading in a bullish zone while ADA, BNB, and other altcoins bleed. Ripple’s token price is holding gains above the $0.500 resistance against the US dollar. The price is now trading above $0.515 and the 100 simple moving average…
The chairman and CEO of Japanese financial giant SBI Holdings Inc., Yoshitaka Kitao, has made an extremely bullish prediction about the XRP price and Ripple Labs as a company. As is well-known, Kitao is one of Ripple’s biggest supporters and, remarkably, a former board member of the fintech (replaced by Adam Traidman). In a Japanese…
Ripple General Counsel Stuart Alderoty, recently acknowledged the former United States Securities and Exchange Commission (SEC) Chairman, Late Harvey Pitt, in a tweet expressing gratitude towards his contribution. He added that Ripple owes a debt of gratitude to Harvey for providing a comprehensive description employed by the SEC to enforce compliance with securities laws. Alderoty further…