IPO Frenzy: What Happens To XRP Price If Ripple Stock Climbs To $600?
One thing that has emerged that could influence the XRP price has been the possibility of Ripple carrying out an Initial Public Offering (IPO). This would mean that shares of the crypto firm would become publicly tradable like that of Coinbase’s COIN stock. However, even more prominent among investors is the possibility of how high the price of the shares could trade. Financial Expert’s Ripple Video Resurfaces The rumors had first begun with some members of the XRP community talking about a possible IPO. Like rumors are wont to do, it quickly took on a life of its own and grew from there.....
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Despite some analysts noting why XRP is unlikely to end on a high, certain macro (and micro) factors could significantly impact the token’s price and possibly see it enjoy the same trajectory it did following Judge Analisa Torres’ ruling in favor of Ripple. SEC-Related Factors Could Impact XRP Price On August 17, the US Securities and Exchange Commission (SEC) was given approval by Judge Analisa Torres to file its motion seeking an interlocutory appeal against her ruling at the Court of Appeals. Related Reading: IPO Frenzy: What Happens To XRP Price If Ripple Stock Climbs To $600?....
The sentiment around the XRP price has been mostly bullish lately with numerous predictions coming through for a potential rally. However, not everyone has joined the bull bandwagon after being disappointed by the XRP price performance. One analyst in particular has expressed its displeasure at XRP’s performance over the years, and as a result of this, the analyst wants to abandon the token. XRP Price Value Weakens One analyst who goes by CryptoCheck on the TradingView platform has put forward reasons for why he is no longer bullish on the XRP price. The analysis shows how XRP has....
Ripple's partnership with MoneyGram may not be as warm as it once was, but it's paying off. Ripple Labs has sold a huge chunk of its 2019 investment in MoneyGram. Per a Friday night filing with the Securities and Exchange Commission on Friday night, from Nov. 27 through Dec. 4, Ripple Labs managed to sell 2,264,113 shares of MoneyGram (MGI). The tech firm netted a total of $15,303,792.60 from the sales.MoneyGram's stock value has soared in recent months, from $2.94 on Oct. 1 to $8.53 on Nov. 23. In no small part thanks to news of Ripple's sell-off, MGI has slipped back down to $6.54 as of....
Bitcoin has recovered over the last day after gaining momentum from the Valkyrie Ethereum ETF news and pulling up the likes of the MATIC price. This has led to a rare green day for the cryptocurrency market in as many months but MATIC may not be able to hold as well as other altcoins as whales make their move. Whales Move Tens Of Millions To Exchanges The first notable whale transaction involving MATIC was flagged by Lookonchain on Wednesday. The transaction was carrying 10.78 million tokens at the time worth around $5.5 million. Related Reading: IPO Frenzy: What Happens To XRP Price If....
Ripple is one of the altcoins that has strived comparative well within the cryptocurrency space. The price-performance and the general trend in the protocol’s ecosystem have made this crypto one of the outstanding long-term and short-term investment choices. Currently, Ripple is ranked in the 6th position according to CoinMarketCap, as it boasts a market cap of over $40 billion. With the recent case of SEC and Ripple, several of the XRP community have some built-up tension over the possible action to expect. Related Reading | Bitcoin Hashrate Climbs To New High As Price Recovers....