Articles in Category XRP

On-chain data shows a significant decrease in Bitcoin whaling and exchange activity as the asset price remains close to the $67,000 mark.

XRP is doing better than Bitcoin in South Korea, with a much higher trading volume. We're setting up an XRPL Japan and Korea fund to promote innovation and cooperation there.

Traders Predict a Historic Breakout for XRP Following a 35% Weekly Surge

Ripple whales have accumulated between 10 million and 100 million XRP tokens over the past two days. Santiment data shows that XRP whales added 300 million tokens between 12 and 15 July. XRP saw another day of gains on Monday, with trades above $0.5300, extending its recent upward trend by nearly 3%.

Recent market activities have seen XRP whales accumulating over 100 million coins, stirring speculations about a potential settlement in the ongoing Ripple vs. SEC lawsuit.

Ripple's CEO and chief legal counsel have looked back on the crypto company's win against the U.S. Securities and Exchange Commission (SEC) regarding XRP as the anniversary of the court ruling approaches. The CEO said the ruling was a big moment for both Ripple and the crypto industry. "The court's decision that XRP is not a security is final," Ripple's chief legal officer said. He added that even the SEC has told the court it won't challenge that conclusion.

Whale Alert says that another 150 million XRP has been moved from Ripple to an unknown wallet. After a few XRP transactions in the millions, there’s been a lot of talk about whether institutions are getting involved.

Just to flag, there was a noticeable increase in Ripple (XRP) transactions on crypto exchanges on 8 July. Just one transaction saw an entity withdraw over 10 million tokens, worth over USD 4.2 million.

A new article by Crypto Magazine looks at whether the XRP price will reach $1 in July 2023. The article also looks at the ongoing legal dispute between Ripple and the US Securities and Exchange Commission (SEC). The report says that the outcome of this battle could have a big impact on the price of the token. The uncertainty around this case has led to some big swings in the price, but if Ripple wins, it could mean a price increase.

The SEC has lost another court case, with the Court of Appeals for the Fifth Circuit ruling against the agency in its legal battle with the National Association of Manufacturers. Gary Gensler was in charge of the SEC when they tried to suspend a 2020 rule that targeted proxy advisory firms. The court said this was a breach of federal regulatory guidelines.

There's been a lot more whale activity recently, which has led to the expectation that the XRP price will reach two dollars. The growing number of XRP whales thanks to Ripple's escrow system is having an impact on the market.

On 25 June, Ripple CEO Brad Garlinghouse criticised the views and actions of US Securities and Exchange Commission (SEC) Chairman Gary Gensler regarding the crypto industry. He suggested that this could have a negative impact on President Biden's re-election bid in November.