Price Analysis
Bitcoin price pushed through a critical overhead resistance level, possibly opening the door to new all-time highs.
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XRP Crypto News
Founded in 2012 as OpenCoin, Ripple Labs is the software company developing the XRP (XRP) cryptocurrency and distributed ledger technology alongside a suite of payment protocols for streamlined cross-border settlement for financial institutions.
On the Ripple Network, any currency or asset can be used for transactions without relying on XRP, though XRP acts as a bridge between currencies when needed. Ripple’s On-Demand Liquidity service utilizes XRP for cross-border transactions, eliminating the need for pre-funded accounts. This approach facilitated partnerships with major entities like Santander, Bank of America and American Express. However, XRP’s role led to legal issues with the United States Securities and Exchange Commission (SEC), which filed a lawsuit in December 2020, accusing Ripple and its executives of illegally selling XRP to investors without proper security registration.
On July 13, 2023, a court ruled that Ripple’s $728.9 million XRP sales to institutional clients constituted unregistered securities sales, giving the SEC a partial victory. Ripple targeted institutional investors, endorsing a speculative value thesis for XRP contingent on blockchain improvements. Further legal proceedings are likely, with Ripple possibly appealing or presenting new arguments against the court’s decision.
- Altcoin Watch
XRP traders say it has the potential to rally to $27 as ETF approval odds increase.
22559 - Price Analysis
Bitcoin’s sharp rebound off the $100,000 level shows a positive sentiment, but higher levels may attract sellers.
11249 - Altcoin Watch
Multiple technical, onchain and derivatives market indicators suggest a potential XRP price rally toward the $3 milestone in the coming days.
8859 - Price Analysis
Bitcoin is witnessing a tough battle between the bulls and the bears at $105,000, but several altcoins are showing strength with potential breakout setups.
12293 - Altcoin Watch
XRP price risks a possible 22% plunge to $1.78 while fluctuating inside an otherwise bullish pattern.
3471 - Price Analysis
Bitcoin is witnessing a tough battle near the $105,000 level, but the downside looks limited.
8874 - Altcoin Watch
XRP ledger activity has dropped sharply in the past two months, increasing the downside prospects for XRP price to drop toward $1.70.
14147 - Price Analysis
Bitcoin’s drop below $104,000 puts the asset into a consolidation phase where even lower lows could be tested.
15988 - News
Hidden Road’s clients in the US can now trade cash-settled OTC swaps across major crypto assets, marking one of the first product launches following its acquisition by Ripple.
5525 - Price Analysis
Investor profit-taking eroded Bitcoin’s bullish momentum and opened the doors to a price consolidation phase. Will traders buy altcoins at a discount?
8673 - Market Analysis
XRP traders say it has the potential to rebound to $3.40 as the SEC begins a formal review of WisdomTree’s spot XRP ETF application.
13730 - News
Ripple argued in a letter to the SEC that fungible cryptocurrencies are not securities in secondary transactions.
4589 - Price Analysis
Bitcoin continues to be bought at each dip, but overcoming a critical overhead resistance could determine the next steps for many altcoins.
8579 - Altcoin Watch
Chart patterns and onchain trends align to suggest a 25% downside risk for XRP price in the near term.
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