The XRP/USDT pair has been wavering in a sideways rally for the past four months. However, following the April-May bloodbath, this consolidation represents an inverted pennant pattern. As per the technical setup, this pattern offers a small break or rest period for XRP sellers before resuming the price correction. Key… Read more
Bearish Pattern Threatens XRP Price For Longer Correction, But Will it?
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Ripple chief executive officer, Brad Garlinghouse, stated in July that the crypto company will relocate if it loses its legal dispute with the U.S. Securities and Exchange Commission. Well, it looks like Garlinghouse will just have to stay put and not go anywhere. Ripple has just won a major victory against the SEC in court. […]
In an interview with Ryan Selkis, founder of Messari Crypto, the CEO of payment company Ripple Brad Garlinghouse talked about XRP and its legal battle with a U.S. regulator. The interview took place at Mainnet 2022, an event organized by the on-chain research company. Related Reading: Revolut Fell For Social Engineering Attack, Data From 50K […]
Ripple’s native cryptocurrency XRP is on a roll over the last week defying the broader market momentum and making big gains. As of press time, XRP is trading 30% in the last 24 hours breaking past the crucial resistance of $0.50. With this, XRP has also extended its weekly gains to more than 62%. The
The post XRP Price Shoots 30% Crossing Major Resistance, Will Ripple Win the SEC Case? appeared first on CoinGape.
The May market crash and its resulting bearish trend caused massive losses for investors. But the Ethereum merge adverse effect was an unforeseen force. The crypto market has recorded more pullbacks than rallies since September 15. Many analysts, especially Ethereum supporters, hyped the merge, making others believe it’ll reverse the market. Unfortunately, after the upgrade, Ether and other cryptos crashed. Even Bitcoin lost $1000 a few minutes after the event. Related Reading: Ethereum Proof Of Work (ETHW) Gains 30%, Is More Upside Coming? The market is still in the Red On September 19, many cryptocurrencies were all red in their 1hour price gain, 24 hours, and 7 days trend. The number one crypto started the day in red, causing more panic in the market. BTC lost 2.38%, pushing its weekly losses to 13.58%. The same day, there were also massive liquidations across exchanges amounting to $432 million. Fast-forward to September 20, many crypto assets have continued their bearish trend. Bitcoin managed to add 1.72% in 24 hours, reducing its weekly losses to 10.90%. But the price is still in red on the TradingView chart. Bitcoin had lost its grip above $19K earlier today. But after adding some percentage gains, the coin regained footing but fell again to $18,968. With a 0.15% loss in the last hour, as seen on CoinMarketCap, the coin price is still in the red and may plummet further before the market closes. Ethereum has added 1.03% in 24 hours. Its current price stands at $1,352, showing a 0.37% loss on the previous day. Other coins, such as USD Coin, Binance USD, Cardano, Polkadot, etc., are all red. But while the others bleed, Ripple has championed the gainers in 24 hours. Ripple Price Appreciates As Others Fall Ripple XRP is leading in price gains today, September 20. The crypto is currently trading at $0.4075, showing a 5.22% increase in 24 hours. In the early hours of today, XRP added more every hour before losing its momentum. XRP is also doing well in its 7 days price gain. The coin has earned over 22% in seven days which is better than Tether, BNB, BUSD, Cardano, Solana, and many others. Tracing Ripple’s price from July to September, it has remained firm at a price between $0.3733 and $0.3421. But like other cryptos, Ripple dipped on the merge day, closing the market at $0.3256. Thankfully, it bounced back the next day to $0.35677 and started its upward climb until September 20, when the price reached $0.40 Ripple’s Rise: What’s Behind It For now, the force seemingly pushing Ripple price might be the ruling in its case with SEC. As of September 19, the case was heading towards a conclusion. Both parties have called on a federal judge to rule it urgently. Related Reading: 3 Experts Take On The Bitcoin Price, Will $19,000 Hold Or Break? This recent development shows that both parties have gathered adequate evidence to prove their case. Ripple maintains that it didn’t violate any securities laws in the United States. The call for ruling assured the Ripple community that the 2-year court case was almost over. Some community members expressed their relief on Twitter, thereby possibly changing the market sentiment for XRP to positive. Featured image from Pixabay and chart from TradingView.com
The Ethereum co-founder said that XRP lost its right to protection when they called ETH Chinese-controlled. Ripple CTO said that Buterin is playing foul play by allowing the government to snuff anyone who disagrees with his views. In a fresh development, Ethereum founder Vitalik Buterin has once again expressed his resentment towards Ripple’s native crypto […]
Der Beitrag Vitalik Buterin expresses resentment towards XRP, Ripple CTO responds erschien zuerst auf Crypto News Flash.
Per a report from news outlet Reuters, payment company Ripple is exploring the possibility of acquiring the assets of bankrupt crypto lender Celsius Network. The purchase might materialize via Ripple Labs, according to a company spokesperson. Related Reading: SEC/CFTC May Require Hedge Funds To Provide More Information On Crypto Exposure Ripple Labs is currently in […]
XRP has won their right to retain their Amici status, this is a major relief to XRP holders. Judge Torres has denied SEC’s motion to revoke the amici status. Apart from that, Judge Torres has also barred attorney John E Deaton from further proceedings. According to the letter, “Amici can’t participate in the expert challenge […]
Ripple’s CEO said that the law is by their side and the SEC won’t be able to prove XRP as a security. He also added that the U.S. is just one of the market among its global presence, and Ripple will continue to operate even if they lose. The Ripple vs SEC case has been […]
Der Beitrag Ripple CEO Brad Garlinghouse expresses confidence in winning lawsuit against the SEC erschien zuerst auf Crypto News Flash.
Ripple co-founder Jed McCaleb has finally unloaded his XRP on the market. McCaleb has been dumping the cryptocurrency since 2014 when he obtained 9 billion as compensation for his work in the payment company. Related Reading | Bitcoin Is ‘Here to Stay,’ Ex-BlackRock Investment Adviser Says – Better Than Gold? McCaleb parted ways with Ripple in […]
Ripple Labs co-founder Jed McCaleb realized at least $3.14 billion in gains from the sale of 5.7 billion XRP tokens over the last eight years, according to crypto tracking tool Whale Alert.
The post Ripple Founder Jed McCaleb Pocketed $3.1B in ‘Mind Blowing’ Gains From XRP Sales appeared first on BeInCrypto.
The legal dispute between the U.S. Securities and Exchange Commission and Ripple Labs Inc., an innovator in blockchain technology based in San Francisco, continues to witness new twists and turns. Just last week, Ripple’s attorney John E. Deaton submitted a petition to reject the regulator’s attempts to seal the company’s rebuttal to the Amici Curiae. […]
Ripple, a prominent provider of blockchain and cryptocurrency solutions, announced on Thursday the opening of a new office in Canada. In the face of the ongoing massive selloff and job cuts in the cryptocurrency market, the San Francisco-based crypto startup is still eyeing expansion, unfazed by the instability. Ripple plans to employ 50 engineers for […]
As the Ripple community braces for the major ruling on the key judgement on the Hinman 2018 documents, Ripple Labs has scored another victory as presiding judge Analisa Torres denied the SEC’s petition to seal its objection to Amici participation. According to a tweet posted by defense lawyer James Filan, Torres has rejected the SEC’s request to seal the case […]
Ripple developers are conducting extensive tests to ensure that the NFT functionality doesn’t increase transaction load. For developers to experiment with XLS-20 and NFT capabilities, Ripple is operating an NFT-Devnet. Earlier this year in March 2022, Ripple unveiled its $250 million creators fund to bring non-fungible tokens (NFT) to its platform. The much-anticipated project is […]
Der Beitrag Ripple validators vote in favour of upgrading its servers to introduce NFT functionality erschien zuerst auf Crypto News Flash.
Ripple, the crypto solutions company shall commit $100M for the goal of carbon removal by investing in climate oriented fintech companies. The blockchain-based payments network has aimed to facilitate the acceleration of carbon removal technology in order to bring about modernization of the carbon markets. Carbon markets will let companies and individuals trade carbon credits […]