Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
XRP
Is XRP And TIA Becoming Worthless? If You’re Looking For A Hot New Investment, Look No Further.
Are XRP and TIA becoming worthless? Maybe that was a little too harsh. One thing's for sure, though. Both Ripple and Celestia have lost significant appeal ever since reaching their respective peaks. Absurd XRP price prediction figures aside, Ripple is a far cry from its 2021 all-time highs, while Celestia is no longer the hot new investment it once was earlier this year. Instead, analysts are picking new AI crypto/meme coin hybrid Raboo as the next hot new investment primed…
1 year ago
Ripple Defends XRP Sales Amidst SEC Battle and Market Gains
Ripple CTO David Schwartz gave an explanation of the company’s decision to liquidate its XRP holdings. Major developments are still in the legal dispute between Ripple and the SEC. The growing XRP token sales by major blockchain company Ripple have drawn criticism on several occasions. The Chief Technology Officer (CTO) of Ripple, David Schwartz, gave an explanation of the company’s decision to liquidate its XRP holdings. Let me explain the strategy again: Say Jeff has a total tax rate on…
1 year ago
Ripple vs. SEC: Legal Analyst Bill Morgan Exposes SEC’s Flaws in XRP Lawsuit
The post Ripple vs. SEC: Legal Analyst Bill Morgan Exposes SEC’s Flaws in XRP Lawsuit appeared first on Coinpedia Fintech News The never-ending legal battle between the SEC and Ripple Labs, Inc. continues to attract attention from the crypto space. In the latest development, the SEC opposed Ripple’s motion to seal and redact certain evidence relating to the parties’ briefing on remedies. Legal analyst Bill Morgan has criticized the SEC’s stance while pointing out critical inconsistencies and distinctions among the…
1 year ago
XRP: Social Buzz Points To $0.70, But Technicals Predict Dip To $0.50 First
The value of Ripple’s XRP token has fluctuated dramatically in recent months. Talks about the coin are thriving and have reached their highest point since early April, despite an 8% price decline over the last 60 days. This raises the question of whether the recent internet talk will help XRP see a price spike or if it is just meaningless chatter that will eventually fade. Social Media Frenzy The social media landscape surrounding XRP is abuzz. Santiment data reveals a…
1 year ago
XRP Price Rises Within Range: Poised for a Breakout?
XRP price avoided a major downside break as ETH’s surges. The price is back above $0.5220 and eyeing a key upside break in the near term. XRP started a decent increase above the $0.5150 resistance zone. The price is now trading above $0.5250 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $0.520 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could correct gains,…
1 year ago
XRP Holds Firm at $0.51 Amid Ripple’s Expansion Plans for XRP Ledger and Custody Services in Africa
Ripple (XRP) maintains stability around $0.51 amidst anticipation of a court ruling on its lawsuit with the SEC, while also unveiling plans to expand its services in Africa. However, market sentiment hinges on developments in the Ripple SEC lawsuit, with Ripple mandated to file counter briefs alongside the SEC by May 20. Ripple (XRP) remains near $0.51 on Friday, holding above the key psychological level of $0.50, as traders anticipate the court ruling in the lawsuit against the US Securities…
1 year ago
Ripple and EVMOS Enter Partnership to Construct XRP Ledger EVM Sidechain”
Ripple and Peersyst are developing the XRP Ledger EVM sidechain, which is currently in DevNet, using evmOS, a modular tech stack built on the Cosmos SDK. XRPL joins the interchain, an ecosystem of over 90 interconnected blockchains and gains access to all Cosmos SDK chains, opening up access to hundreds of apps for XRP holders. Interoperability will be one of the critical factors that will determine the success of any blockchain network in the future; in this regard, the XRP…
1 year ago
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XRPWhat’s Behind Ripple’s 50 Million XRP Transfer?
Significant XRP transfers that stoked market speculation include 50 million XRP from Ripple and 250 million XRP from Coincheck to unidentified wallets. The price of XRP is $0.5117, stable with a 0.82% increase in the last week despite large transfers and XRPL acceptance. Big quantities of XRP have been transferred between wallets in recent transactions, which has the cryptocurrency community talking and speculating. Famous blockchain tracking service Whale Alert has disclosed two large XRP transfers totaling millions of dollars. Moves…
1 year ago
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XRPXRP Resilience: Pundit Outlines 10 Reasons for Unwavering Support
Crypto market analysts have projected a promising future for XRP with 10 unique reasons. Among these reasons are the design for micropayments, eco-friendliness, and XRP Ledger impact. Abdullah “Abs” Nassif, host of the renowned cryptocurrency podcast “Good Morning Crypto,” has voiced his unwavering support for XRP. This is despite not being among the top five digital assets. XRP is the seventh-largest cryptocurrency by market capitalization. https://x.com/absgmcrypto/status/1790579430139515206?s=46 Sharing his insights on X, Nassif detailed ten compelling reasons why he remains a…
1 year ago