XRP

XRP, one of the leading cryptocurrencies, is currently grappling with extended bearish pressure amid prevailing market weakness. The digital asset has been facing significant downward momentum, influenced by a confluence of factors including macroeconomic uncertainties, regulatory challenges, and broader market sentiment.  Thus far, XRP’s price has struggled to maintain key support levels, exacerbating concerns among traders and investors about its near-term performance. As bearish momentum continues to dominate, this analysis delves into evaluating XRP’s current market position with the help…

It has been a crazy week in the crypto space. Investors in Polygon (MATIC) are becoming worried, while XRP holders are sweating it out over problems that are strongly threatening and causing a negative impact on their investments.  Many of these people are turning to Raboo ($RABT) as a potential source of profits. In this article, we will go over the problems affecting Polygon and XRP while discussing why Raboo is generating a lot of buzz recently, and is tipped…

The post Analyst Advises To Stay Away From Stacking Stagnant Altcoins Like XRP and ADA appeared first on Coinpedia Fintech News While many altcoins currently lack clear signs of impending explosive growth, analysts have brought to attention several that are poised to lead the bull run. However, have you considered which altcoins to avoid? Jason Pizzino recently pointed out that Ripple’s XRP and Cardano’s ADA have shown lackluster chart performance. He contrasted their stagnant journey with Bitcoin’s noteworthy performance. There…

The post Ripple Wins Big in Class Action Suit, But XRP Security Decision Still Pending appeared first on Coinpedia Fintech News The war between Ripple and the SEC just got hotter! In a recent development, the U.S. District Court for the Northern District of California dismissed several major claims in a class action lawsuit against Ripple, providing a procedural victory for the company.  Judge Phyllis Hamilton granted Ripple’s motion for summary judgment on federal class claims for unregistered and state…

XRP price struggled to surpass the $0.500 resistance zone. The price is moving lower and showing bearish signs for a move below the $0.4850 support. XRP price faced another rejection near the $0.50 resistance zone. The price is now trading below $0.4950 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $0.4920 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend losses if there…

The SEC has closed its investigation into Ethereum, deciding not to pursue charges that ETH sales were securities transactions. The XRP community is outraged, accusing the SEC of double standards and biased treatment. The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Ethereum, marking a significant triumph for developers, technology providers, and industry participants within the cryptocurrency sector. This decision follows a series of regulatory challenges and a lawsuit filed by Ethereum developer Consensys. SEC Ends…

On-chain analytics platform Santiment has outlined a factor that could contribute to Cardano (ADA) and XRP enjoying further moves to the upside. Both tokens recorded relief pumps following the recent decline in the crypto market, but market traders believe this development is far from a bullish reversal.  Heavy Trader Shorting Could Lead To Price Rises For Cardano And XRP Santiment claimed in an X (formerly Twitter) post that the heavy trader shorting which Cardano and XRP are currently seeing could…

The recent daily surge in the price of XRP and ADA has been triggered by an increasing wave of short positions.  While this is said to be a good suggestion for growing market confidence, analysts believe that it could also lead to potential market volatility. The crypto market recorded a sudden rebound with Cardano (ADA) surging by more than 4% before flipping back into the “red zone” to trade at $0.39.  Similarly, XRP jumped by 3% in just 24 hours…

The post Here’s Why Ripple-backed XRP Dominance Will Gain Against Bitcoin (BTC) Ahead appeared first on Coinpedia Fintech News The overall market sentiment for Ripple Labs and XRP has significantly improved in the recent past. The Ripple fundamentals have improved based on the recent motion filed by the United States Securities and Exchange Commission (SEC) to compel the company to pay a fine of around $102 million for settlement purposes.  Additionally, Ripple has initiated several XRPL developments to ensure sustainable…