Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Ripple
Ripple CEO Hints at XRP ETF Amid Ethereum Approval
Ripple CEO Brad Garlinghouse has referenced the approval of the Ethereum ETF to suggest that an XRP ETF is coming. The outcome of the Ripple v. SEC case will be key since the SEC is mandated to approve crypto ETFs making it unlikely they will approve an XRP ETF while the case is unresolved. After the approval of the Ethereum spot ETF earlier this week, speculation on the next crypto ETF to be filed and possibly approved by the SEC…
1 year ago
Ripple Analyst Predicts Major Breakout For XRP: Could Reach $66 by Year’s End
One analyst has predicted that Ripple’s XRP could spike by November to hit new heights and set a new all-time high record. He pointed to the token’s triangular trading pattern, which has been running for over two years and will end in the next six months. XRP has been trading in a pattern that will come to an end within the next six months, setting the crypto up for massive gains, says one crypto analyst. XRP trades at $0.5357, trading…
1 year ago
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RippleJudge Torres Decision on Ripple Case Expected Soon
The SEC and the company are sealing information regarding XRP sales and Ripple’s financial performance. With its vote on FIT21, the U.S. House may have an effect on the XRP case and other cryptocurrency laws. Both sides of the ongoing XRP case between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have presented their positions and the remedies phase has begun. Conflicts have emerged regarding the sealing of some financial data from Ripple and the post-complaint XRP sales…
1 year ago
Ripple CTO Explains Tokenization: Benefits and Real Estate Applications
The Ripple CTO explains the benefits and real estate applications of tokenization. Targeting the expanding industry, Ripple intends to introduce the “RLUSD” stablecoin. In a fast changing digital currency ecosystem, Ripple CTO David Schwartz has clarified the major advantages of tokenization. Many people are nonetheless ignorant of the concept’s actual ramifications, even as it becomes more popular. Using Ripple Labs’ new X series, which breaks down blockchain ideas in 60 seconds, Schwartz used real estate to illustrate tokenization. Tokenization simplifies…
1 year ago
SEC vs. Ripple Uncertainty: XRP Price Dips as Legal Battles Continue
XRP’s price action remains under scrutiny, with its trajectory dependent on developments in the SEC vs. Ripple case and broader economic indicators. Investors eagerly await a court ruling on sealing motions, which could disclose sensitive information potentially impacting Ripple’s business relationships and XRP adoption. The uncertainty in the Ripple vs SEC case continues to hover around, the XRP price has recently come under some selling pressure. In the last 24 hours, the XRP price dropped by 2% moving back to…
1 year ago
Ripple Moves 50m XRP, Cardano Network Activity Surges: Is Raboo Capitalizing on the Meme Market Craze?
Crypto markets are abuzz with excitement, with significant movements seen in XRP and Cardano. Ripple has shifted 50 million XRP, while recent Cardano news has driven a surge of activity on Cardano's network. The meme market craze continues, and Raboo stands at the forefront as a top investment opportunity. Cardano: Network Activity Surge Cardano's unique approach to proof-of-stake consensus and its robust smart contract capabilities are driving the recent increased usage, but despite the positive Cardano news, investors should be…
1 year ago
Ripple Partner Flare Networks Joins Forces with Hex Trust for USDX Stablecoin Integration in Billion-Dollar Stablecoin Market
Hex Trust Group is launching a stablecoin in partnership with Flare. The stablecoin is billed to drive utility to the broader DeFi ecosystem. Flare Networks, a prominent partner to Ripple Labs Inc has announced a partnership with digital asset custodian Hex Trust Group for USDX stablecoin integration. Flare’s Plans for USDX Stablecoin Launch According to the announcement, the USDX stablecoin is designed to help push the Flare ecosystem forward. Based on the partnership agreement, Hex Trust will use its tokenization…
1 year ago
Ripple Announces Stablecoin Launch: Bridging the Gap Between Traditional and Decentralized Finance, Key for XRP Price Surge
According to financial analyst Carlo De Meijer, Ripple’s stablecoin could revitalize the XRP community and cement its position as one of crypto’s mainstays. Unlike some of the existing stablecoins, Ripple’s will be fully compliant, be issued on both XRPL and Ethereum and utilize blockchain for on-demand liquidity. Ripple grabbed headlines last month when it announced that it plans to launch a US dollar-pegged stablecoin later this year, as Crypto News Flash reported. According to one financial analyst, the stablecoin will…
1 year ago
Ripple Launches Brazil Fund to Boost XRP Ledger Projects – XRP Price to Explode to $1,5?
Ripple launched a fund in Brazil to back projects using the XRP Ledger, boosting blockchain innovation. The XRP Ledger is evolving with new smart contract functionalities and sidechains, aiming to compete with Ethereum. Ripple, a leading cryptocurrency solutions company, has introduced a local fund to support Brazil-based projects utilizing the XRP Ledger (XRPL). This initiative marks the first time Ripple is deploying such a strategy in a specific country, highlighting Brazil’s favorable environment for blockchain development. Ripple’s Strategic Move in…
1 year ago