An SEC Ripple Effect Leaves XRP Sliding the the Crypto Top 10
XRP is unsurprisingly lagging behind the rest of the incredibly bullish crypto market and altcoin space. The SEC’s charges against Ripple executives asserting that the token itself is an unregistered security have harmed any chance of upward momentum. It has also caused the altcoin to sink further and further down the ranks of the top […]
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Last night, Ripple CEO Brad Garlinghouse revealed his company’s expectations that they would be slapped with a lawsuit from the United States Securities and Exchange Commission in relation to the XRP cryptocurrency token. Word spread throughout the crypto community quickly, causing widespread speculation over what this could mean for the greater industry, Ripple executives, and […]
Ripple has been planning a ‘Proper Victory Party’ to celebrate its victory over the United States Securities and Exchange Commission (SEC) for a while now and this could affect the XRP price. This was made public in late August when the company announced the September 29 date. Now, with the Ripple victory party just a […]
Ripple (XRP) is in bearish mode and was down 1.93% as seen overnight. Moreover, Ripple has recently freed up over 1 billion XRP tokens coming from two separate escrow wallets. Currently, the crypto trades at $0.38 on the biggest spot exchanges. Ripple has evidently locked over 55% of XRP’s total supply in escrows way back 2017. Analysts believe that its bearish sentiment or weakness is relevant to Bitcoin’s failure to surpass the $24,000 mark as opposed to the controversial unclasping of new tokens that happened recently. In effect, Ripple is trying to restore most of the tokens that....
Today’s Ripple price analysis is rather cloudy, and analysts are expecting the market to reverse course near the $0.90 level. After being dragged down from recent highs, the XRP/USD pair may be on the verge of a new bottom. Ripple’s market value is increasing over the last several days, with the price of Ripple climbing to roughly $0.88 before sliding down to Friday’s $0.83 level. Compared to Bitcoin, XRP is up 5.62% in the XRP/BTC trading pair for the day. Crypto analysts project that this is only the beginning of a long-term positive trend they expect to continue in the....
Burning the remaining escrow is an option Ripple has not ruled out, though its own chief architect has questioned whether doing so would actually move the price. David Schwartz pointed to a 2019 decision by the Stellar Development Foundation, which destroyed 55 billion XLM — half of its total supply — without triggering any noticeable price movement. Related Reading: Could XRP Hit $10 This Bull Run? World’s Highest IQ Holder Thinks So A Complicated Question On Burning Schwartz said Ripple could unilaterally ensure the locked tokens never enter circulation, and he added the company could....