XRP

Bitcoin (BTC) is struggling to reclaim the $60,000 price level after attempting a recovery but losing steam. BTC climbed to $61,120 late on Thursday, but sellers were able to drag the price back down to the $59,000 level. BTC is currently trading just above $59,000 as sellers look to push the price lower.  Major cryptocurrencies have receded marginally over the past 24 hours, with BTC down by 0.60%, Ethereum (ETH) down by 0.62%, Solana (SOL) by almost 4%, XRP down…

The post Ripple XRP News: Will XRP’s Secondary Sales Determine the Future of Crypto Regulation? appeared first on Coinpedia Fintech News The last leg hanging in the Ripple vs SEC case is the only factor that troubled the experts globally is the Secondary sale issue with XRP. Now since the final appeal re-appeal window is open for 60 days it has reignited discussions about whether secondary sales of XRP should be classified as securities. This issue has taken center stage…

On-chain data shows the XRP whales have been making deposits to exchanges recently, something that could be bearish for the asset’s price. XRP Whales Have Made Several Large Moves In The Past Day According to data from the cryptocurrency transaction tracker service Whale Alert, several large moves have been spotted on the XRP network during the past day. All of these moves are of a scale that may be associated with the whales, who are humongous entities on the blockchain…

ItXRP price remained in a tight range below the $0.60 barrier. The price could extend losses if there is a close below the $0.5550 support zone. XRP price started a consolidation phase below the $0.600 zone. The price is now trading below $0.5750 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.570 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could attempt a recovery wave…

The post Will XRP Price Fall? Traders Book $8.25M in Profit appeared first on Coinpedia Fintech News In this bearish market sentiment, cryptocurrencies are experiencing significant selling pressure. Amid this ongoing market downturn, on August 29, 2024, Ripple traders booked over $8.25 million in profit, according to the data from the on-chain analytic firm Santiment. XRP Price Under Pressure Historically, significant profit booking often leads to a massive price drop or increased selling pressure. There is a high possibility that…

The post Alert! 106M XRP Dumped by Ripple Whale, Bearish Signal or What? appeared first on Coinpedia Fintech News The sentiment across the cryptocurrency market has been bearish for almost a month and looks to continue. In the last 24 hours, Ripple whales seem to be dumping significant amounts of XRP tokens on centralized exchanges (CEXs) including Binance, Bitso, and Bitstamp.  Ripple Whales Bearish Outlook or What? On August 29, 2024, the blockchain-based transaction tracker Whale Alert made a post…

Institutional investors are gradually giving more attention to XRP. The digital asset is marking its place next to Bitcoin and Ethereum. According to a recent survey by EY-Parthenon, more than 20% of the world’s institutional decision-makers have XRP in their basket. It isn’t a small sample choice; 277 key players comprised of COOs, CEOs, portfolio managers, etc., took part in this survey, with participation spanning the US, Europe, Asia-Pacific, Canada, and Latin America. A well-known XRP community member known by…

XRP price dropped toward the $0.5550 level before the bulls appeared. The price is now consolidating and might aim for a fresh increase above $0.580. XRP price started a consolidation phase after a drop toward the $0.5550 zone. The price is now trading below $0.580 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $0.5720 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could attempt a…

The post Crypto Analyst Alert: Last Time to Buy XRP, ADA, and this Ethereum Token Before This Happens appeared first on Coinpedia Fintech News After generating massive weekly gains, top altcoins like Ripple (XRP) and Cardano (ADA) have performed variably. Still, a crypto analyst believes buying XRP, ADA, and RCO Finance (RCOF), an emerging Ethereum token, is a wise investment decision before the crypto market’s rally continues.  Why does this analyst recommend investing in XRP, ADA, and RCO Finance’s Ethereum…