XRP Price Plummets as SEC Targets the Ripple-Backed Cryptocurrency
XRP has seen some turbulent price action as of late, with the recent SPARK airdrop giving it massive momentum that sent its price as high as $0.90 on some exchanges, with this proving to be a sell the news event that has caused it to see some serious downside. One black swan event that is […]
Related News
Ripple has backed AI infrastructure startup t54 in a $5 million seed round, a move that ties the company more closely to the emerging market for autonomous payments and agent-driven financial activity. The investment also puts the XRP Ledger in the frame as one of the networks being positioned for machine-to-machine commerce. Ripple And The […]
Ripple Labs could be exploring the launch of a dirham-backed stablecoin in the United Arab Emirates (UAE), expanding beyond its existing US-dollar-backed stablecoin, RLUSD. This speculation arises following Ripple’s newest blog post dated November 7, 2024, titled “UAE Stablecoin Regulation: A Blueprint for Financial Innovation.” The post hints at significant interest by Ripple in a […]
Ripple has expanded its USD-backed stablecoin RLUSD into Türkiye through new partnerships with BiLira, Bitexen and Bitlo, giving local institutions access to the asset in one of the most active crypto markets in the MENA region. The launch, announced on June 2, marks another step in Ripple’s push to position RLUSD as an enterprise-grade stablecoin […]
Ripple Labs co-founder Jed McCaleb has announced his intention to sell his sizable stake in the company's native digital currency. Known as ripples, or XRP, the currency was created as a unit of account and spam prevention tool within the Ripple Labs payment network. In a post on XRP Talk forum, entitled 'Selling my XRP', McCaleb made his intentions known: "I plan to start selling all of my remaining XRP beginning in two weeks. Because I have immense respect for the community members and want to be transparent, I'm publicly announcing this before I start." Price drop. In contrast to the....
Photo by _Mo. The XRP price has trended upward over the past few months, which vaulted Ripple up the market cap charts (XRP is the Ripple platform's native currency). Thus far, the XRP price has avoided entering a cooling-off period. It may be time to certify Ripple as cryptocurrency's #2, at least by market cap. Also Read: Ripple Labs Cracks U. S. Banking with New Deal. XRP Price Rise Solidifies Ripple as Crypto's #2. In late September, Ripple passed Litecoin for 2nd-place on the cryptocurrency market cap charts. Since then, Ripple has widened the gap between the two cryptocurrencies to....