XRP

Once again generating news is Ripple as the company issued 1 billion XRP coins from its escrow accounts on September 1, 2024. Costing more than $560 million, the release has caused waves in the digital currency market. First, 500 million XRP were released in three consecutive phases; next were 200 million and finally 300 million. Every one of the three transactions was completed within minutes, suggesting that Ripple was onto maintaining really good token supply control. Market Reaction To The…

The post XRP Community Alleges SEC Of Manipulating Crypto Market appeared first on Coinpedia Fintech News The SEC, often criticized for having a restricting stance towards the growth of cryptocurrencies, is yet again facing heavy criticism as the XRP community has alleged the SEC of manipulating the crypto market.  XRP Community Refer Hinman’s Statement The XRP community is intensively scrutinizing the SEC‘s recent actions, alleging that the agency manipulates the crypto market to favor Bitcoin and Ethereum at the expense…

The post Will Ripple’s 1 Billion Token Unlock Get XRP Rallying?  appeared first on Coinpedia Fintech News Ripple has yet again caught the crypto community’s attention as the leading on-chain crypto tracker, Whale Alert, disclosed Ripple unlocking a massive 1 billion tokens from its escrow account. Although the move action aims to improve market predictability and transparency through a long-term plan for managing the token supply, the investors were guarded based on the market’s quick response. 1 Billion Token Release…

XRP price extended losses below the $0.5650 support. The price is showing bearish signs and might even decline below the $0.540 level. XRP price started a fresh decline below the $0.600 zone. The price is now trading below $0.5650 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.5560 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could attempt a recovery wave if it clears the…

Ripple (XRP) is poised to recover and push toward the $0.60 mark as legal experts increasingly doubt the Securities and Exchange Commission’s (SEC) chances of a successful appeal. At the same time, Dogecoin (DOGE) enthusiasts face a less optimistic outlook, while a new competitor, MoonTaurus (MNTR), is making noisy moves in the meme coin market with a predicted 2000% gain by year-end. Ripple’s (XRP) Strong Legal Position A federal judge issued a final judgment on the SEC-Ripple case on August…

XRP is now trading at $0.55, following weeks of speculation and excitement from investors who expected a sharp price rise. However, fear and uncertainty drive the market, with Bitcoin and most altcoins trading at lower levels. This downturn has impacted investor sentiment across the board.  Crucial data from Santiment shows a noticeable change in the outlook of XRP holders. The optimism that once drove confidence is now fading, as most investors are sitting on unrealized losses. This shift in sentiment…

The post Ripple (XRP) or Cardano (ADA), Which Crypto To Buy Today? appeared first on Coinpedia Fintech News Amid intensified bearish sentiment in the crypto market, Bitcoin price has repeatedly failed to hold its value above the $60,000 level. Following this, top altcoins have recorded a similar price action by breaking down their important support levels. With the present market sentiment, XRP and ADA cryptocurrencies have gained significant attention. Following this, question like “XRP or ADA, Which will hit $1…

The post XRP Price Analysis: Is $0.60 a Launchpad for the Next Big Rally? appeared first on Coinpedia Fintech News XRP is currently trading below $0.60, finding itself in a tight range with key support and resistance levels in play. This article explores what could happen next with the price, focusing on technical indicators and market sentiment. The coin is consolidating below $0.60, testing critical levels. Resistance at $0.570 could prevent further upward movement for this pair. Key technical indicators…

The post Here is What to Expect From XRP Price By the End of Q3 2024-Will It Reach $0.7 or Drop Back Below $0.5? appeared first on Coinpedia Fintech News The crypto markets are heading towards the end of the monthly trade, which attracts huge attention from the bulls. Meanwhile, the current trade setup suggests the bulls have remained off-the-shore which may compel the tokens to close the monthly trade on a bearish note. The XRP price has been maintaining…