Despite the blow suffered by most of the crypto market, XRP continues to trade in the green on higher timeframes. The token is in a battle between the U.S. Securities And Exchange Commission (SEC) and payment company Ripple. This legal battle began two years ago but has become more relevant than ever as the regulator…
Valhil Capital has published a new research paper assessing the fair value of XRP, and the results are astronomical. The private equity firm explains in the research paper, using six pricing models, that the fair value is somewhere between $3,500 and $21,900 per token. So, as one community member pointed out, it would only take…
In a scathing critique of the Securities and Exchange Commission’s (SEC) recent actions against the cryptocurrency industry, Ripple Chair Executive Officer (CEO) Brad Garlinghouse has accused the SEC Chair Gary Gensler of “hypocrisy” and “desperation”. In a statement released on Twitter, Garlinghouse called Gensler’s claims to be “pro-innovation” laughable, arguing that the agency’s recent lawsuits…
In a shock move that has forced the cryptocurrency markets lower, the United States Securities and Exchange Commission (SEC) on June 5 sued Binance, the world’s largest cryptocurrency exchange, accusing them of 13 charges, one of which is allegedly enabling the trading of unregistered securities. Top of the list, the regulator said, was that Binance allegedly…
Ripple’s token price is climbing above the $0.50 resistance against the US Dollar. XRP price is signaling more upsides toward $0.55 or $0.565. Ripple’s token price started a decent increase above the $0.500 resistance against the US dollar. The price is now trading above $0.505 and the 100 simple moving average (4 hours). There is…
Data shows the hype around XRP has spiked as the asset has registered a 12% gain during the past week, something that may lead to a top. XRP Social Dominance Has Surged To High Values Recently According to data from the on-chain analytics firm Santiment, crowd optimism around XRP has shot up recently. A relevant…
XRP, one of the top cryptocurrencies by market capitalization, has been bullish since May 26th, outperforming most of the top 10 cryptocurrencies. This surge in price comes as investors have high expectations for the outcome of the ongoing SEC vs. Ripple Labs case. XRP Shatters 2-Year Trendline The recent uptrend in XRP is particularly significant…
On-chain data shows the XRP active addresses metric has spiked to historical levels recently, a sign that may turn out to be bullish for the asset. XRP Daily Active Addresses Has Observed An Uplift Recently According to data from the on-chain analytics firm Santiment, address activity on the network reached its second and third-highest values…
Ripple’s token price is rising above the $0.50 resistance against the US Dollar. XRP price might continue to rise toward the $0.525 and $0.550 resistance levels. Ripple’s token price started a fresh increase above the $0.480 resistance against the US dollar. The price is now trading above $0.50 and the 100 simple moving average (4…
XRP has shown recent gains on its price chart, allowing the altcoin to surpass a significant resistance level. Although the 1% increase over the past 24 hours may not be substantial, it has helped maintain bullish momentum. However, on a weekly chart, XRP has experienced minimal movement. Despite this, the technical outlook for the coin…