On April 30, Ripple announced a partnership with HashKey Group, furthering its collaboration with financial services giant SBI Group. The joint venture with HashKey DX, a Tokyo-based specialized consulting company of the HashKey Group, aims to introduce XRP Ledger (XRPL) enterprise solutions to the Japanese market. HashKey DX will deploy supply chain finance solutions to...Read More
The cryptocurrency market kicked off the week with most of the top cryptocurrencies trading on the green, and XRP is among them, exchanging hands at $0.61 at press time. After analyzing the asset’s monthly chart, Dark Defender – a well-known crypto analyst who commonly breaks down the price action of altcoins – concluded that XRP...Read More
The latest bull market in the cryptocurrency industry seems to be underway, given that BTC has already charted a new all-time high, and the total market capitalization is close to its highest figure. Moreover, the fourth halving is anticipated to take place in about two weeks, and history shows that the event tends to serve...Read More
The decentralized finance ecosystem in XRP, managed by its decentralized network XRP Ledger (XRPL), has progressed after adopting the automated market maker(AMM) functionality. Per a post on X (formerly Twitter) by XRPScan, the first AMM liquidity pools were created just a few minutes after the AMM features went live. Some pools now hold hundreds of...Read More
This market cycle’s altcoin season could be as staggeringly profitable as in previous bull market years. The oncoming inflow of capital to altcoin markets represents an unprecedented level of institutional desire and regulatory approval for Bitcoin and blockchain cryptocurrencies. For those wondering why bitcoin is going vertical today, the answer is very simple: Wall Street...Read More
The XRP Ledger (XRPL), operating for more than ten years, expanded its activity in several directions in the fourth quarter of 2023. As a result, the collective market value of tokens on the XRPL surged by 47% quarter-over-quarter to $169 million, as per Messari’s recent report. Currently, the XRPL hosts over 3,300 different assets. However,...Read More
An Ethereum Virtual Machine (EVM) side chain of the XRP Ledger (XRPL) will reward chain validators with XRP tokens. That brings Ripple into decentralized finance or DeFi’s staking wars. Ripple Partner Peersyst Technology’s CEO recently confirmed in an interview that XRPL EVM side chain will reward validators in XRP tokens. XRPL Ethereum Chain Uses XRP...Read More
Crypto analyst Dark Defender has recently conducted an in-depth XRP price analysis and believes the asset could hit an ATH of $18. The trader used several indicators and chart patterns to gauge XRP’s next price target, concluding with three potential ones. One of those patterns is the ABC Correction, which, in trading, can help traders...Read More
Ripple’s price has been trading within a relatively narrow range of around $0.50 for the past week, begging the question if there’s a massive move around the corner. From a technical perspective, there are two important metrics to keep an eye out for, but there’s also the fundamental side of things, so let’s have a...Read More
At the end of January, Ripple was hacked. To be more precise, according to official statements, it was Chris Larsen – the co-founder – who saw his wallets compromised. In fact, the company has made it clear that nothing within its system is jeopardized. According to the official confirmation by Larsen, they were “able to...Read More
Ripple has been making moves, transferring millions of XRP to centralized exchanges and to other wallets. The company initiated three “whale” transfers flagged by a popular service that tracks large transactions. First things first, it’s important to outline that there’s been a development in the case between Ripple and the United States Securities and Exchange...Read More
Chris Larson, Ripple’s co-founder and executive chairman, has lost over $100 million worth of XRP to hackers in a security breach, according to a recent tweet by prominent crypto analyst ZachXBT. Reporting the incident on Wednesday afternoon, ZachXBT stated that the hackers stole approximately 213 million XRP worth around $112 million from one of Ripple’s...Read More
Ripple’s correction in January was a significant event because it enjoyed key support at the $0.62 level for the two months spanning November and December. Furthermore, over that time period, XRP charted a falling wedge pattern, often a technical indicator of a reversal to a bullish trend. All the major Ripple news over that time...Read More
The digital asset investment products experienced inflows of $2.25 billion throughout the entire 2023. This places it as the third-best year based on data dating back to 2017, with 2020 recording $6.6 billion and 2021 reaching $10.7 billion, according to the latest report by CoinShares. As such, the inflows for 2023 were 2.7 times higher...Read More
Although Ripple’s price didn’t post the 150% profit that Bitcoin delivered investors in 2023, XRP still had a phenomenal year. Moreover, the protocol scored key legal victories against the SEC. Tokens for the multi-currency cross-border settlements protocol by Ripple Labs delivered 80% returns over the previous year, rallying from $0.348556 on Jan. 2, 2023, to $0.630082...Read More
An illuminating conversation unfolded on X this week about XRP Ledger’s smart contract features. A Ripple expert corrected some misconceptions that Ripple is not as feature-rich as its competitors. Are Ripple Use Cases Limited? If you ask Google Bard or any AI chatbot why XRP price hasn’t shown the kind of gains Bitcoin (BTC) and...Read More
The Ripple Labs token for fast cross-border settlement among financial institutions is a top 10 cryptocurrency by market capitalization. It was a top-five crypto until DeFi network Solana’s tokens (SOL) flipped XRP to this month. But Ripple may be showing signs of life again. Bullish Ripple Technical Indicator The XRP price chart shows markets tracing...Read More
Digital assets investment products ended their 11-week streak of positive cash flows with withdrawals amounting to $16 million. However, trading activity remained significantly higher than the yearly average, reaching $3.6 billion for the week, in contrast to the year-to-date average of $1.6 billion. Bitcoin was the worst hit, witnessing outflows of $33 million last week,...Read More
Ripple dominance, the measure of XRP’s market share by market capitalization in the competitive cryptocurrency segment, is flashing a warning signal this year. XRP Dominance Trends Lower XRP dominance is down 3.63% for the week, 18.83% over the past month, and 10.63% over the past six months. On the one-year window, Ripple’s percentage market share...Read More
Long-term XRP investors have shown remarkable patience and resilience as the SEC lawsuit winds down. After a string of victories against most of the SEC’s charges this year, Ripple Labs is still battling the regulator over how much of a financial penalty it should have to pay. Fmr. Goldman Head’s Lifetime Opportunity: XRP Real Vision...Read More
Five months after Ripple’s resounding legal triumph over U.S. regulators, the company’s cryptocurrency has shed virtually all of its former gains against its digital competitors. The XRP/BTC price ratio has returned to its level from prior to July 13, after which XRP rallied against the market’s leading crypto asset by ~80% within a week. Back...Read More
XRP whales appear to be increasingly bullish on the crypto asset despite an underwhelming performance.The latest data by crypto analyst Ali Martinez shows a significant accumulation phase brewing for XRP. On-chain data by Santiment reveals that over the past week, these whales have acquired approximately 11 million XRP, equivalent to $6.82 million. This development unfolded...Read More
Investors stateside in both the cryptocurrency and traditional finance worlds are eagerly awaiting a Bitcoin ETF product in the U.S. But those in Europe looking for an XRP exchange-traded product will have one next month. Europe Gets an XRP ETP in December DeFi Technologies, Inc. announced last week it will debut a new Ripple XRP...Read More
XRP token prices pared back profits the week ending Sat, Nov 18. After a wild mid-October run-up from $0.49 to $0.72, XRP fell to $0.61 by Sunday morning Tokyo time. Meanwhile, the notorious XRP case attorney John Deaton took to X to remind readers that “XRP is a utility token at its core.” Amicus Lawyer...Read More
British financial giant – HSBC – has announced plans to roll out a new digital assets custody service for institutional clients who invest in tokenized securities. HSBC, one of the world’s largest global custodians covering more than 90 markets, has partnered with Ripple-owned Metaco, which is an institutional digital asset custody, trading, and DeFi firm...Read More
John Deaton, prominent crypto lawyer and founder of Crypto Law, has once again shared his opinion on the ongoing lawsuit between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). According to a tweet, the pro-XRP lawyer believes that a settlement of $20 million or less in the lawsuit between the crypto company and the...Read More
A letter from December 2020 reveals that renowned American legal scholar Joseph Grundfest advised former SEC commissioner Jay Clayton not to sue Ripple, as it would mean a systemic, international risk that could hurt a significant number of innocent XRP holders. John E. Deaton, from Crypto Law US, published the letter on a thread on...Read More
Digital asset investment products attracted inflows for the third week in a row, totaling $15 million. However, trading volumes remain 27% below the 2023 average. Over the past week, Bitcoin saw inflows of $16 million, bringing the year-to-date inflows to $260 million, while short BTC products also received $1.7 million. Altcoins, however, did not have...Read More
TL;DR BitPay now allows users to purchase tickets for Taylor Swift’s upcoming “Eras Tour Movie” concert using various cryptocurrencies, including XRP, SHIB, BTC, and ETH. To buy tickets, users should visit the AMC website, select the desired concert, and choose the crypto payment option during checkout. Increasing adoption of cryptocurrencies like XRP and SHIB may...Read More
TL;DR Deribit plans to launch linear options for XRP, SOL, and MATIC in January, targeting European markets and doubling down on derivatives trading. Despite its price fluctuations, XRP remains a popular choice for payments, with institutions like HSBC allowing its use. Following its legal victories against the US SEC, XRP might be on the verge...Read More