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The cryptocurrency market has been slow over the last few days. Bitcoin (BTC) is showing consolidation signs at the $61,000 level, while the global market cap has fallen almost 1% in the last 24 hours to $2.35 trillion. Ripple ’s XRP token has also faced the brunt of the larger market sentiment. XRP’s price has fallen 6.3% in the weekly charts and 7% over the previous month. Source: CoinGecko Also Read: Ripple Analyst Says XRP Closing Above This Level Is Bullish: Can It Hit $1 In May? The lack of positive movements for XRP could be due to Ripple ’s ongoing lawsuit with the SEC (Securities and Exchange Commission). Furthermore, macroeconomic concerns, such as high inflation and fading expectations of an interest rate cut, may have also hurt investor sentiment. Moreover, rising global geopolitical tensions may have also played a hand. Ripple XRP weekly price prediction Source – ZyCrypto According to CoinCodex, XRP could surge to $0.66 on May 17, 2024...

Ripple (XRP) has been the subject of intense scrutiny by investors and traders alike as it navigates a critical juncture in its price action. According to a recent tweet by prominent Ripple analyst EGRAG Crypto, XRP closing above the $0.57 level on a weekly basis would be a bullish sign, while closing below $0.50 could potentially break the current market structure. The Battle Between XRP Bulls and Bears Since the significant price dump on April 8th, XRP has been facing strong resistance at the 21-day Exponential Moving Average (EMA). The market has witnessed an equal number of bullish and bearish candles since then, indicating a fierce battle between buyers and sellers for control over the cryptocurrency’s price direction. Also read: Solana Mid-May Price Prediction: Can SOL Hit $200? EGRAG Crypto highlights the importance of the $0.57 level, stating that a weekly close above this threshold would be a bullish signal for XRP. Conversely, a close below the $0.50 mark ...

Enthusiasts and investors of Ripple (XRP) have been eagerly anticipating signs of a breakthrough after enduring a lengthy period of stagnant trading. As recent developments hint at a potential surge, the burning question arises: What are the limits to Ripple ’s upward momentum this week? Since reaching its peak at $0.9380 on July 13, 2023, Ripple has remained confined within a narrow range, hitting its lowest point at $0.4226 on August 14, 2023. This prolonged consolidation has solidified the once-supportive $0.67 level into a formidable resistance barrier for the altcoin. At press time, XRP was trading at $0.6103 with a 2% daily drop. Source April 2024 Forecast Analyses and forecasts paint a promising picture for XRP’s prospects in April 2024. Experts, drawing parallels from the price movements of early 2023, predict an average XRP rate of approximately $0.736 for the month. This forecast allows for potential fluctuations, with minimum and maximum prices estimated at ...

Leading cryptocurrencies are portraying their trading valuations in red after the latest FOMC minute meetings reveal. The minutes suggest a hike in interest rates, putting pressure on investors to sell back their crypto holdings. Bitcoin has been treading carefully, holding its position at $51,000; however, BTC has noted a dip of 0.77% at press time.  Ethereum and Ripple are also holding their ground steady but have documented a price fallback of 2.33% and 2.38% in the last 24 hours, respectively.  Also Read: VanEck Spot Bitcoin ETF Trading Volume Surges 14x Today Could Bitcoin fall below $50,000? The renewed interest in the cryptocurrency market, fueled by the ongoing ETF hype, has been driving the overall momentum of the crypto market.  However, the potential fear of a sell-off triggered by the FOMC minutes has cautioned investors to some extent.  Judging by the technical indicators, Bitcoin’s relative strength index has already noted a sell...

Although the cryptocurrency market is entering the greens, Ripple ’s XRP token is struggling to gain momentum. The asset has rallied 4.7% in the weekly charts but is down 1.2% in the 14-day charts and 7.9% over the previous month. Source: CoinGecko Also Read: Ripple vs SEC Lawsuit: A Settlement on the Cards? XRP’s slow growth could be due to its ongoing legal battle with the US SEC (Securities and Exchange Commission). The SEC alleges that Ripple selling XRP tokens breaches securities laws. Although the fintech company received a partially favorable verdict in a district court last year, the lawsuit has entered the high court, and investors are awaiting a ruling. Recently, the SEC received the court’s permission to access Ripple ’s financial documents. Investors may have seen this as a bearish development, slowing XRP’s growth. When will Ripple’s XRP reclaim its all-time high of $3.40? Source – Tin Tức Bitcoin XRP reached its all-t...

Despite the so-called FUD, Changpeng Zhao said in reality, the crypto industry has scored a number of massive wins in recent weeks. Binance co-founder and CEO Changpeng ‘CZ’ Zhao has hosed down recent rumors against his firm, assuring its balance sheet and employee retention remain robust, despite the recent market uncertainty. The Binance boss blamed negative news, rumors, bank runs, lawsuits, the closing of fiat channels, product wind-downs and employee turnovers for creating an environment of FUD (fear, uncertainty, doubt) in a Sept. 7 post on X (Twitter).  Saw some debates in the community. When you do the right thing, and there is FUD, you don't have to do anything. The community defends you. Let me summarize. There have been a lot of negative news/rumors, bank runs, lawsuits, closing of fiat channels, product wind downs,… — CZ Binance (@cz_binance) September 7, 2023 He then used the opportunity to clarify Binance’s current financial position: “Guess what we don't have...

Also Read: Kevin O’Leary Warns Michael Burry on His “Big Short” Bet advertisement This announcement comes at a time when the altcoin is back to being in bullish space thanks to the recently delivered Summary Judgment in the Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC). The judgment effectively said that the token can not be deemed a security if it is sold through an exchange or through programmatic sales for retail buyers, while the previous judgment holds when it comes to institutional sales. Ripple Named As Key BIS Committee Partner According to the announcement, Ripple is now an official partner of the ‘Cross-border payments interoperability and extension taskforce’. The taskforce is a subgroup within the Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures. The BIS announcement comes just few days after Michael Miebach, chief executive officer at payments ...

Brad Garlinghouse hinted that the eagerly-awaited Hinman documents could tip the balance in Ripple’s favor. With just one day until the Hinman documents are due to be unsealed, Ripple CEO Brad Garlinghouse suggests the documents will be “well worth the wait." In a June 12 Twitter reply to a question raised by crypto YouTuber Jungle Inc, Garlinghouse said that while he did not want to “overstep,” both he and Ripple's chief legal officer Stuart Alderoty see the documents as being worth the 18-month fight to get them unsealed.  Wish I could go in depth now, but we've waited this long (18+ months), I don't want to overstep… suffice it to say @s_alderoty and I believe they were well worth the wait. — Brad Garlinghouse (@bgarlinghouse) June 12, 2023 The Hinman documents refer to internal SEC messages concerning a 2018 speech given by former SEC Director William Hinman. In the speech, Hinman said that while cryptocurrencies such as Bitcoin (BTC) and Ether (ETH) may star...

Also Read: Coinbase Legal Head Meets Ripple Chief Legal Officer; Sparks XRP Relisting Trend advertisement XRP Coinbase Relisting, Possible Or Not? In a recent interview, Paul Grewal, Coinbase’s legal chief explored the possibility of relisting XRP on the exchange. The host asked Grewal that of If the District Court decides that secondary market sales of Ripple ’s XRP are not securities, how would that be going to affect the relisting of the token on Coinbase? To this Coinbase legal chief highlighted that they continuously evaluate and reevaluate the listing of tokens. The nature of XRP was subject to litigation and 2 years after the matter is still subject to ligation he added. Read More XRP Lawsuit News Here… He mentioned that lots of key industry players are waiting for a verdict in the XRP lawsuit. However, whatever the court rules out, Coinbase will be following the appeal after that and it completely depends on the court...

SEC vs. Ripple is a well-known dispute that has been going on for more than two years. The SEC charged Ripple with marketing XRP as a sec urity, burdening XRP’s potential for long-term price growth. It is one of the most well-known court battles in the history of cryptocurrencies and a crucial development for industry regulatory worries. A crucial summary decision in the case of Ripple v. SEC is imminent because of fresh developments that could change the outcome. Also read: MetaMask Resolves Privacy Flaw That Allowed Account Linking CryptoLaw’s founder and attorney recently stated in a tweet that Ripple could reach the US Supreme Court before it reaches Congress . I’ve said for 2 years: Clarity comes from the Courts – not Congress – and not the SEC. It’s not the way it should be but it’s the way it is and the way it’s going to be. Hell, the Ripple case could be heard by the Supreme Court before Congress acts. We must fight in the Courts. https://t.co/9KZxhI7IFN — Jo...

A mysterious and unidentified XRP whale withdrew 4.1 billion tokens worth a staggering $1.5 billion on Wednesday. The whale moved the XRP holdings from the Bittrex crypto exchange to an unknown and private wallet address. Bittrex is among the top U.S. based cryptocurrency trading platform with more than half a million active users. The anonymous whale withdrew a large amount of XRP tokens in a series of transactions minutes apart from each other. Also Read: Jim Cramer Advises Investors to Sell their Crypto: ‘You Can’t Beat Yourself Up’ In the span of a few hours, the whale initiated seven different transactions to move 4.1 billion XRP worth $1.5 billion. The identity of the whale remains to be a mystery and it is not known if the whale is an individual or a financial entity. Nonetheless, the information provided by Bithomp, an XRP-focused wallet, and whale-tracking platform claimed that the receiving addresses are set up by Upbit, a leading South Korean crypto exchange. No m...

Bullish on Bitcoin but afraid of futures liquidations? Here is how pro traders use options to cast safer bets. Bitcoin (BTC) bulls were hopeful that the Nov. 21 dip to $15,500 would mark the cycle bottom, but BTC has not been able to produce a daily close above $17,600 for the past eighteen days.  Traders are clearly uncomfortable with the current price action and the confirmation of BlockFi's demise on Nov. 28 was not helpful for any potential Bitcoin price recovery. The cryptocurrency lending platform filed for Chapter 11 bankruptcy in the United States a couple of weeks after the firm halted withdrawals. In a statement sent to Cointelegraph, Ripple's APAC policy lead Rahul Advani said he expects the FTX exchange bankruptcy to lead to greater scrutiny on crypto regulations." Following the event, several global regulators pledged to focus on developing greater crypto regulation. Unfortunately, there is no way to know when investors' sentiment will improve and trigge...

The SEC filed a lawsuit against blockchain payments company Ripple in December 2020. It’s almost two years now, yet, the case has not wound up. A host of companies have been leaning towards Ripple . Prominent platforms have consistently been coming forward to support the blockchain company by filing Amicus Briefs. The list includes names like Coinbase, I-Remit, Valhil Capital, SpendTheBits, Chamber of Digital Commerce, TapJet, ICAN, and Cryptillian Payment Systems, among others. Read More: How Many Firms Are Supporting Ripple Against the SEC? Companies start batting for the SEC now Companies have now start ed sending their amicus briefs in support of the SEC. A day back, licensed attorney and InvestReady’s CEO Adrian E. Alvarez wrote to Judge Torres via a motion stating, “ We have seen how a lack of investor protections in the crypto markets has hurt the overall online fundraising market in the U.S. and we want to make sure the voices of those trying to f...

The entire crypto -verse was surprised after the Securities and Exchange Commission [SEC] slapped Ripple with a lawsuit for allegedly selling “unregistered sec urities.” Time and again, the firm asserted that XRP wasn’t a sec urity. Almost two years and multiple turns later, the case was expected to reach a conclusion in the first half of 2023. Now, a prominent exchange had come in support of the firm. In a series of tweets, Coinbase’s chief legal officer, Paul Grewal revealed that the platform extended a plea to Judge Torres to file for its amicus curiae brief. JUST IN: #Coinbase files request to support # Ripple in its lawsuit against the SEC. — Watcher.Guru (@WatcherGuru) October 31, 2022 Detailing the reason behind Coinbase’s intention to file an amicus brief, Grewal tweeted, “Our point is pretty simple: this is a textbook case of just how critical fair notice is any reasonable notice of due process under law.” ...