Ripple

The post XRP Lawsuit Saga: Ripple CEO’s Call for Clear Crypto Regulations appeared first on Coinpedia Fintech News Ripple CEO Brad Garlinghouse recently addressed the importance of regulatory clarity in the cryptocurrency space, particularly in light of the ongoing XRP lawsuit. Speaking at Paris Blockchain Week, Garlinghouse emphasized the significance of clear regulations for fostering investor confidence and industry growth. Regulatory Clarity for Investor Confidence Interestingly, Garlinghouse’s remarks in the Paris Blockchain Week centered on the need for clear guidelines…

The post Ripple News: Why is XRP Price Struggling To Hit $1? appeared first on Coinpedia Fintech News Despite a bull run in the broader crypto market, XRP still struggles to breach the $1 mark, hovering around $0.59. With ongoing legal battles and market volatility, achieving previous highs seems challenging. XRP’s Persistent Struggle XRP’s price has remained stagnant at around $0.59 for a long time, significantly below the glorious and nostalgic $1 threshold. After the CPI data release, recent market…

TL;DR XRP has seen significant volatility recently, with predictions suggesting a potential surge to $4 by early 2025. The anticipation of Ripple’s trial with the SEC on April 23 adds to the interest in XRP, with speculations that a favorable outcome for the firm could lead to a significant rally in the asset’s price. Ripple’s XRP experienced enhanced volatility in the past few days, rising to $0.64 on April 9 before retracing to its current level of approximately $0.60 (per CoinGecko’s data).…

TL;DR Binance’s latest Proof-of-Reserve (PoR) report verifies that it maintains a 1:1 coverage for all users’ assets, with significant holdings in SHIB, BTC, and XRP. The PoR system, introduced post-FTX crash, aims to enhance transparency and trust by confirming the existence and proper accounting of users’ funds. The world’s largest cryptocurrency exchange released its latest Proof-of-Reserve (PoR) report, displaying evidence that it covers all users’ assets 1:1. Data shows that Binance currently owns a whopping 67.67 trillion Shiba Inu (SHIB) tokens. Calculated…

The post Ripple Enters Stablecoin Market as Tether’s Success Sparks Competition appeared first on Coinpedia Fintech News With Tether’s remarkable earnings in 2023 setting a benchmark for stablecoin profitability, Ripple seizes the opportunity to launch its USD-backed stablecoin, aiming to challenge Tether’s dominance and tap into the lucrative stablecoin market. Tether’s Financial Success and Ripple’s Strategy Tether’s annual net income in 2023 was an impressive $6.2 billion, which shows the high profitability potential within the stablecoin sector.  Recognizing this opportunity,…

The XRP price prospect has kept community ecstatic amid Ripple and SEC lawsuit uncertainty. Prospects of XRP to soar to $0.8 remain high if legal odds turn in the coin’s favor. Amid the ongoing legal battle involving Ripple Lab Inc. and the United States Securities and Exchange Commission (SEC), investors are left wondering if the price of XRP could reach $0.80 this week. Impact of Ripple’s Legal Deadlines on XRP Current data from MarketCap shows that XRP is trading at…

TL;DR Ripple’s XRP ranks seventh in discussion volume, likely due to the anticipation around its legal case with the SEC. The outcome of the lawsuit may significantly influence the entire cryptocurrency market. These Cryptocurrencies Lead the Pack The crypto market intelligence platform – Santiment – outlined the top 10 cryptocurrencies that have received the most attention this week.  Somewhat expectedly, the digital asset sitting at the top position is the largest by market capitalization – Bitcoin (BTC). The interest around…

Ripple’s price is yet to show a significant move in either direction. Both the USDT and BTC pairs have been in a consolidation phase. Yet, things might be about to change soon. However, it’s important to note that XRP increased by around 8% in the past seven days, and it’s worth exploring whether the bulls are back in town. Technical Analysis By TradingRage The USDT Paired Chart On the daily timeframe USDT pair, the price has been moving rangebound around…

Solana’s stablecoin supply surges past the $13 billion milestone. NuggetRush allows its users to mine in different locations for valuable minerals.  Ripple remains bullish despite its legal challenges with the SEC. Over the past week, the supply of stablecoins on the layer-1 blockchain network Solana (SOL) has surpassed $3 billion, having grown gradually since the start of the year. In the last three months, the stablecoin supply on the network has grown by 55.72% to reach $3.12 billion, according to…