Tag: xrp news

XRP continues to exhibit weakness on the daily chart XRP/USDT is currently trading below the 200-day moving average and seems destined for a death cross Buyers of XRP are yet to step up to the plate and return it to bullish territory XRP's $0.50 support remains strong with a retest of this level likely The remittance coin of XRP has undergone a 74.5%...

Flare Networks has released the final details of the Spark Token (FLR) distribution 100 Billion Spark Tokens (FLR) will be minted when the network is launched 45 Billion of the Spark Tokens (FLR) will be distributed to individual XRP holders who participated in last year's snapshot Ripple, Jed McCaleb and non-participating exchanges are excluded from the distribution There is also a whale cap...

The team at Flare Networks had drafted 3 proposals to modify the distribution of Spark Tokens (FLR) The proposals were meant to cater to XRP holders who live in jurisdictions that tax airdrops However, the CEO of Flare Networks has scrapped all plans to modify Spark Token distribution The original plan has been retained by the team at Flare Networks Those who want...

XRP's $0.80 support continues to hold slightly above the 200-day moving average XRP's 200-day moving average provides adequate support at the $0.72 price area However, a loss of both the $0.80 and 200-day MA could lead to a retest of $0.65 The digital asset of XRP has had an amazing run in the markets between the months of January and April this year....

RippleX has announced the launch of a community grants program for projects building on the XRP ledger The Grants Program will focus on NFTs, Core infrastructure, developer tooling, Developer UX and security The team encourages projects focused on NFTs for the first round of grant applications There is a June 10th deadline for the first round Successful applicants will be teamed up with...

David Schwartz has submitted a proposal to add NFT support to the XRP ledger The proposal is via Github and suggests the addition of 2 new objects and one new ledger structure on XRPL The XRP ledger already offers support for tokens thus NFTs can also be supported by providing additional functionality The XRP ledger is also efficient and has a lower carbon...

Ripple has partnered with the National Bank of Egypt The bank will use RippleNet to connect with the UAE based Lulu International Exchange to process cross-border payments between the two countries The global remittance company of Ripple has announced a new partnership with the National Bank of Egypt (NBE). The bank, which is the largest in Egypt, will use RippleNet to connect with...

Q1 2021 was a period of XRP accumulation by whales The number of XRP whales holding 10 million or more coins increased from 308 to 319 in Q1 The number of XRP whales holding between 1 million and 10 million increased from 1,125 to 1,196 XRP ledger transactions increased by 23% in Q1 as unique addresses increased by 15% Ripple has released its...

Flare Networks (FLR) distribution to XRP holders is expected by end of June The launch date could be skewed by +/- 2 to 4 weeks The Flare Networks snapshot back in December was one reason XRP flourished before the SEC lawsuit XRP has since regained its momentum, brushing off the FUD surrounding the case The distribution of Flare Networks (FLR) tokens to XRP...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...