Tag: xrp news

Apr 11 2021

XRP is On Track to Reclaiming its Number 3 Spot on Coinmarketcap

In brief: XRP has gained by almost 20% in 24 hours and 128% in a week XRP is currently ranked 4th after edging out Tether, Cardano, Polkadot, and Litecoin $9.238 Billion in market cap separates XRP from the number 3 spot held by Binance Coin (BNB) XRP could reclaim the number 3 spot if its current momentum is maintained, coupled with a BNB...

Apr 09 2021

Ripple joins the Crypto Climate Accord With a Focus on Sustainability

In summary: Ripple is now a member of the Crypto Climate Accord The organization brings together like-minded companies to lead sustainability in blockchain and crypto The Crypto Climate Accord aims at making the crypto industry 100% renewable The remittance company of Ripple is now a member of the Crypto Climate Accord. The company made the announcement yesterday and further explained that the Crypto...

XRP’s Head & Shoulders Pattern on the Weekly Chart Points to New Highs

In summary: Veteran Trader, Peter Brandt, has identified a head and shoulders pattern on the weekly XRP chart A continuation of the pattern could translate to new highs for XRP XRP is trading at levels last seen in early 2018 The weekly chart is yet to show exhaustion and XRP could reclaim the number 3 spot on Coinmarketcap Veteran trader (futures, Forex and...

Mar 10 2021

Ripple, Youtube to Work Together to Eliminate XRP Giveaway Scams

In brief: Ripple CEO, Brad Garlinghouse, has announced the company will be working with Youtube to eliminate XRP giveaway scams Ripple had initially sued Youtube for their inaction in taking down scammers targeting XRP investors Social media platforms are best placed to rid the crypto-verse of such malicious actors The exact settlement terms between Ripple and Youtube are however confidential The CEO of...

Mar 09 2021

XRP Sets its Eyes on $0.50 as Ripple and Moneygram End Partnership

In brief: Ripple has confirmed the end of its partnership with MoneyGram MoneyGram had stepped back from their agreement after the SEC lawsuit against Ripple XRP's price is unmoved by the official announcement and is trading at $0.48 The return of bullishness in the crypto markets due to the $1.9T stimulus bill could send XRP above $0.50 Ripple has officially announced the end...

Feb 17 2021

XRP’s $0.50 Support Continues to Hold Ahead of Ripple/SEC Pre-trial

In brief: Ripple and the SEC have a pre-trial conference on the 22nd of February The SEC does not believe there is a prospect for settlement at this time thus increasing the chances of a full trial XRP's $0.50 support is a level to watch ahead of the pre-trial event on the 22nd On the 22nd of February, the SEC and Ripple will...

Feb 05 2021

XRP Has Real Utility and Could Keep Rallying – Crypto Analyst

Summary: XRP has experienced a resurgence in the markets partly due to the crypto arm of the WallStreetBets community: SatoshiStreetsBets Crypto analyst MagicPoopCannon has reminded the crypto community that XRP has real utility He forecasts that XRP could experience a massive explosion to $9 or even $20 US residents can still trade XRP on Uphold The remittance coin of XRP has experienced the...

Jan 31 2021

XRP Interest on Social Media at its Highest Since September 2018

Quick take: Social media interest in XRP is at its highest since September 2018 XRP new account activations are also at levels last seen during the Flare Networks airdrop XRP has set a local high of $0.52 and looks set to keep climbing The bullishness exhibited by XRP is a result of the WallStreetBets crypto community buying the coin Social media interest related...

Jan 24 2021

Ripple & XRP Could Benefit from a Biden Administration – Analyst

Quick take: MagicPoopCannon believes Biden's picks for the US Treasury, SEC and OCC will provide the regulatory clarity needed in the United States regarding digital assets Magic is optimistic that both Ripple and XRP will benefit from such clarity US Treasury Nominee, Dr. Janet Yellen, recently clarified her comments regarding digital assets Dr. Yellen pointed out that cryptocurrencies can be used to improve...

Jan 14 2021

XRP Battles to Maintain $0.30 as Grayscale Dissolves its XRP Trust

Quick take: Grayscale announced the dissolution of its XRP trust All cash proceeds will be distributed to the XRP Trust shareholders XRP is rather stable at the $0.28 - $0.30 price area Its number 4 spot in terms of market cap, could be under threat from Polkadot (DOT) Grayscale Investments has announced that it will be commencing the dissolution of its XRP Trust...

Jan 09 2021

XRP New Account Activations hit a 1 Year High of 9,100 per Day

Summary: The number of new XRP account activations has hit a one year high of 9,100 per day This is despite crypto exchanges suspending the trading of XRP due to the Ripple lawsuit XRP has reclaimed the $0.30 price area as support as well as the number 4 spot on Coinmarketcap The number of new XRP account activations per day has reached a...

Jan 07 2021

Stellar (XLM) Leapfrogs into the top 10 on CMC, Edging out Chainlink

Quick take: Stellar (XLM) is now ranked 9th on Coinmarketcap with Chainlink in the 10th position Stellar (XLM) initially fell to $0.11 after news broke of the SEC suing Ripple The digital asset has since set a two-year high of $0.418 due to news of Ukraine using the Stellar network to issue its own digital currency Altcoins have been in the green this...

Jan 06 2021

Grayscale Drops XRP from its Large Cap Fund as Whales Abandon the Coin

Jan 06 2021 Published at Ethereum World News under tags  grayscale ripple sec xrp xrp news

Summary: The SEC lawsuit against Ripple continues to have a ripple effect on XRP XRP whales holding at least 1 million coins have dropped significantly Grayscale has removed XRP from its large-cap fund and sold its XRP bags to buy Bitcoin, Ethereum, Litecoin and Bitcoin Cash It has been less than two weeks since the SEC announced that it was suing Ripple for...

Jan 03 2021

XRP Army Petitions White House to Stop SEC’s Lawsuit Against Ripple

Summary: A member of the XRP community has filed a petition with the White House requesting the SEC lawsuit to be halted The petition cites that FinCEN already declared XRP a currency Furthermore, the SEC lawsuit against Ripple has caused massive damages to XRP holders Such financial damage is in contrast to the SEC's mandate to protect retail investors The XRP army has...

Dec 31 2020

XRP Trading to Be Suspended Next Month on Bittrex, eToro US, Binance.US

Quick take: XRP trading will be halted next month on Bittrex, eToro US and Binance.US The exact dates on each exchange are January 15th, January 3rd and January 13th All three crypto exchanges cite the ongoing lawsuit by the SEC against Ripple Other exchanges to suspend trading of XRP include Coinbase, OKCoin, Bitstamp, B2C2 with the list growing daily The remittance coin of...

Dec 29 2020

XRP Investors Will Still Get Their Spark Token Airdrop on Coinbase

Summary: Coinbase will suspend trading of XRP on January 19th However, XRP wallets will be available for deposits and withdrawal XRP holders will still be eligible for their Flare Networks airdrop of Spark Tokens (FLR) Coinbase suspending rather than delisting hints the exchange will wait out the lawsuit A few hours ago, the crypto exchange of Coinbase announced that it would suspend XRP...

Dec 26 2020

Crypto Exchanges in the U.S Could Delist XRP – Analyst

Summary: MagicPoopCannon warns that US crypto exchanges could delist XRP This follows Bitstamp planning to halt trading and deposits of XRP for US customers on January 8th XRP could be gearing up for further losses as U.S investors protect their capital against potential delistings in the US Popular Bitcoin and Crypto analyst, MagicPoopCannon, has warned XRP investors that US exchanges could delist the...

Dec 25 2020

Bitstamp to Halt XRP Trading and Deposits for US Customers on Jan. 8th

Quick take: Bitstamp becomes the first major crypto exchange to act on the news of the SEC suing Ripple Trading and deposits of XRP for US customers will be halted on January 8th, 2021 Other major exchanges might soon follow XRP has taken another nosedive to the $0.30 support area and could keep dipping The crypto exchange of Bitstamp has just announced that...

Average XRP Investor Lost $6k Due to the Dip Caused by the SEC Lawsuit

Quick take: The average XRP investor lost $6k due to the recent market dip The SEC lawsuit against Ripple cost XRP investors roughly $10 Billion This is 5x the SEC's budget and could have earned the US Government $1-$2 Billion in capital gains taxes XRP has since regained several support levels and looks set to push towards $0.35 Bitcoin and crypto analyst Timothy...

Dec 24 2020

Altcoin Market Cap Drops by $31B Due to the SEC Suing Ripple

Quick take: News of the SEC suing Ripple caused the altcoin market cap to drop by $31 Billion Chainlink (LINK) and Cardano (ADA) were most affected amongst the top coins Bitcoin dominance is knocking at 70% due to the sell-off as a result of the Ripple lawsuit Investors moving capital from alts and into Bitcoin could be a sign of fear that other...

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