The XRP community was caught off guard on over the weekend after blockchain tracking services recorded a sudden and massive release of XRP from Ripple’s escrow wallets. Within minutes, three separate transfers totaling 1 billion tokens occurred, with the most notable single transfer moving 500 million tokens, worth about $1.64 billion, to an unknown wallet. …
XRP has shown a lot of potential after its price bounced off a major trendline and has now been able to turn previous resistance levels back into support. As the crypto market looks to be in an uptrend, it is likely that the XRP price could see a continuation of the current bullish trend going…
In the latest daily technical update posted on X, Cryptowzrd noted that XRP concluded the session with an indecisive close. Yet, maintaining its stance at the $3.3000 resistance level is notable following the strong bullish rally seen yesterday. Daily Candle Stalls, But XRPBTC Pair Shows Strength Cryptowzrd provided a detailed breakdown of XRP’s current market…
The XRP price has been on a tear over the past few weeks, consolidating its position as the third-largest cryptocurrency by market cap. According to data from CoinGecko, the altcoin is one of the top gainers amongst the large-cap assets, with its value up by double digits in the last seven days. Interestingly, the XRP…
BlackRock has confirmed that the company is not currently pursuing spot ETFs for Ripple’s XRP or Solana, despite market rumors. While the XRP and SOL communities may be disappointed by the lack of immediate action, the acknowledgment from BlackRock validates their relevance in the broader crypto market. Crypto Bulls Temper Expectations After BlackRock Clarification In…
Ripple Labs and the US SEC have finally closed the book on their high-profile lawsuit after almost five years of legal back-and-forth. According to a joint filing with the Second Circuit Court of Appeals on Thursday, both sides agreed to drop their appeals, making Judge Analisa Torres’s 2023 ruling final. The resolution has already been…
After a near steady decline over the last week, the XRP price is now struggling as it fluctuates between bearish and bullish impulses. This correction is concerning as it is pushing the price downward toward a Fibonacci level that could spark further decline. Given this, the price must reclaim and hold the $3 level if…
On-chain analytics firm Santiment has pointed out how utility spikes on the XRP network tend to precede bullish price action in the asset’s price. XRP Network Activity Lit Up Before The Latest Price Surge In a new post on X, Santiment has discussed about some network activity-related indicators for XRP. The metrics in question are…
A fresh debate in the crypto space has emerged over whether the cost of production significantly impacts the XRP price and the value of Bitcoin (BTC). Market expert CrediBULL Crypto has outlined how these costs influence XRP’s value compared to Bitcoin, concluding that both cryptocurrencies follow the same pricing formula. XRP Price Formula Mirrors That…
Hopes for an XRP exchange-traded fund (ETF) took a sharp blow this week after U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw cast yet another dissenting vote against a crypto ETF proposal. The odds of XRP ETF approval, once riding high, have now fallen significantly as Crenshaw doubles down on her opposition and the…