XRP

The post Bitcoin, Ethereum, And XRP Price Prediction: Top Tokens To Retest Their Crucial Support? appeared first on Coinpedia Fintech News The crypto market has constantly traded under a bearish sentiment for a brief period, indicating an increase in the selling pressure within the crypto space. Moreover, the market leader, BTC price has failed to hold its value above the $65,000 mark. Following in its footsteps, the altcoin leader, the Ethereum token has recorded a consolidated price action over the…

Fred Rispoli’s concern over XRP’s legal status highlights potential regulatory inconsistencies, suggesting it could be deemed a security in California but not in New York. Despite Judge Phyllis Hamilton dismissing several claims against Ripple in the Zakinov lawsuit, including allegations of securities law violations, the debate over whether XRP qualifies as a security remains unsettled. Prominent legal expert Fred Rispoli has raised a significant concern about XRP’s legal status, suggesting the possibility that the coin could be classified as a…

On June 20, Ripple Labs Inc. secured a significant win in the federal class action with Judge Phyllis J. Hamilton granting summary judgment to dismiss both federal and state class claims that XRP was sold as an unregistered security. Despite the dismissal of the class action claims, the court left the question of whether XRP is a security to be decided by a jury, based on the Howey test’s criteria. On June 20, Ripple Labs Inc. achieved a significant victory…

It has been a long year so far for crypto investors. With Bitcoin halving along with other dramas surrounding the big coins in the crypto world, holders have had to adapt or rally to other promising projects. Arbitrum and XRP have also shown signs of instability over the last month. This has led investors into looking for better alternatives. Raboo seems to be the most sought after new project, as experts predict it to increase by 233% during its presale. …

ADA and XRP undergo a massive shorting amid the ongoing market downturn, however, analysts believe that this could be a catalyst for a bullish reversal.  Another analyst discloses that crypto assets have about 8-10 months to return to bullish ways after their previous peak, implying that XRP’s rally is long overdue.  Amid the ongoing broad market downturn, Cardano (ADA) and Ripple’s XRP follow the bearish direction of Bitcoin (BTC) which has broken a crucial support level to trade below $64k.…

The post XRP Army Finds Ripple’s Intent to Retain Most XRP for Development Efforts appeared first on Coinpedia Fintech News Ripple’s recent revelation has shaken the XRP Army, who discovered it through a company document. Ripple plans to hold onto a massive chunk of XRP, aiming to retain 25% of the total XRP supply.  This decision means that Ripple will keep 25 billion XRP tokens valued at approximately $12.5 billion to support its operations and, ideally, generate profit. Given that…

Data shows XRP is currently exhibiting an interesting on-chain behavior amidst a broader market uncertainty. This unusual behavior was highlighted by CryptoQuant, a crypto on-chain analytics company. The peculiar behavior is noteworthy because it is associated with a growing open interest in XRP in comparison to other cryptocurrencies, suggesting XRP is primed for a major price move. XRP Open Interest Surges According to CryptoQuant data initially noted by an analyst associated with the analytics platform, recent news involving the SEC…

Ripple Labs has tapped a procedure win regarding a Class Action lawsuit it is facing in California. The case centers around the classification of XRP as a security, a suit that may form a crucial precedence. American technology company, Ripple Labs Inc. has been granted procedural victory in its ongoing case with the US Securities and Exchange Commission (SEC). The next phase of the case will be sorted at a jury trial, where clarity on XRP’s security status will be…

Ripple Labs transferred 250 million XRP, worth $122.50 million, to an unknown wallet, sparking speculation. The transaction and subsequent transfers have clouded the motive behind them, adding to market speculation amidst a bearish trend. Today, June 21, Ripple Labs transferred a significant amount of XRP, affecting the token’s market dynamics. 250 million XRP were transferred from Ripple to an unidentified wallet. This transaction has sparked a flurry of speculation regarding the future price swings of XRP. Big XRP Transfer by…