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The cryptocurrency market is showing signs of a recovery after a slight dip following the announcement that US authorities have sentenced Binance chief Changpeng Zhao (CZ) to four months in prison. Other assets, such as Ripple ’s XRP token, also show signs of a rebound. XRP has rallied 2.5% in the daily charts and 7.8% in the 14-day charts. However, the asset is still down by 10.7% over the previous month. Source: CoinGecko Also Read: Ripple (XRP) Set to Get Adoption Increase With New Development The slight rebound could be the effects of Bitcoin’s (BTC) recent halving. Historically, BTC’s halving has led to a market rally. However, Ripple ’s XRP is still a long way down from its 2018 peak. The asset is down by nearly 85% from its all-time high of $3.40, which it attained in January 2018, over six years ago. When can Ripple’s XRP reclaim its all-time high? Source – Bitcoin.com According to Changelly, XRP could reclaim its all-ti...

Amid the ever-changing landscape of the cryptocurrency market, followers of Ripple (XRP) are eagerly anticipating potential price movements in March 2024. Currently, XRP is amidst a downward trend, with its value hovering around $0.53. Speculation abounds regarding whether it will stabilize at $0.50 or initiate a recovery phase. Analyst Ali Martinez recently added fuel to the discussion, proposing that XRP could witness an ascent to $0.63 or even $0.65. Martinez, in a post on X, highlighted the Tom DeMark (TD) Sequential indicator as the basis for his optimistic forecast. However, Martinez tempered his outlook, stressing that XRP must surpass the $0.57 mark for his prediction to hold merit, signifying a critical validation point. The TD Sequential indicator has issued a buy signal on the $XRP weekly chart, indicating potential bullish momentum. If #XRP manages a sustained weekly close above $0.57, it could be the catalyst for a push toward $0.63 or even higher, reaching $0.65. p...

Ripple’s XRP token is one of the most popular cryptocurrencies in the market. The asset is a popular choice among users for cross-border remittance. Following the current market trend, XRP is witnessing a significant price surge over the last few days. The asset has rallied 4.2% in the daily charts, 10.6% in the weekly charts, and 13.3% in the 14-day charts. Moreover, the asset is up by nearly 43% since February 2023. Source: CoinGecko Also Read: Ripple: Investing $1,000 in XRP Could Make You a Millionaire, Here is How The current market sentiment is likely due to Bitcoin (BTC) reclaiming the $52k mark, a level last seen in 2021. BTC began to spike after a surge in inflows for spot BTC ETF (Exchange Traded Fund) products. Despite the recent rally, XRP’s movements have been slow, possibly due to Ripple ’s ongoing lawsuit with the US SEC (Securities and Exchange Commission). The SEC alleges that the sale of XRP b reach es securities laws. Last year, a US distr...

Ripple (XRP) appears to be laying the groundwork for a future XRP exchange-traded fund (ETF). A recent job opening for a Senior Manager for Business Development at Ripple listed a key responsibility: “drive cryptocurrency-related ETF initiatives with internal trading teams and relevant partners.” This has led some in the crypto community to wonder whether the blockchain payments company is aligning its strategy with the evolving crypto landscape. This development surfaces as Ripple navigates through a high-profile legal tussle with the U.S. Securities and Exchange Commission (SEC), which many speculate could eventually lead to clearer regulations and the much-anticipated approval of other crypto ETFs besides the Bitcoin spot ETF. The crypto analytics community and industry reporters have been quick to dissect the implications of this role. On Jan. 27, the cryptocurrency insights forum, Good Morning Crypto, took to X to highlight the possible significance of the little ti...

Ripple ’s native token XRP is currently trading around the $0.58 mark on Wednesday and is down nearly 4% in the day’s trade. The leading altcoin started November on the front foot but is now retracing in price as the markets settle down. The resignation of Binance CEO ‘CZ’ sent the cryptocurrency markets tumbling and experienced a $750 million rout in a day. Bitcoin and Ethereum saw a downturn of more than 3% while BNB coin plummeted double digits falling 12%. Also Read: Gold Prices Rally Towards $2,000: When Will It Reach $2,100? Leading altcoins like XRP and Cardano’s ADA slipped more than 4% and the markets remained in the red on Wednesday. However, will Ripple ’s native token XRP find a breakthrough and turn the tides next month in December 2023? In this article, we will highlight how high or low XRP’s price is predicted to move in the charts during the year-end. Ripple: December 2023 Price Prediction For XRP Source: Watcher Guru ...

HSBC Holdings Plc plans to launch a digital asset custody service for its institutional clients. HSBC will work with Ripple-owned firm Metaco for its storage needs. According to a statement, HSBC expects the new service to go live in 2024. JUST IN: HSBC , one of the largest banks in the world, to launch a digital-assets custody service for institutional clients. — Watcher.Guru (@WatcherGuru) November 8, 2023 HSBC already has a digital asset issuing platform called HSBC Orion. The platform issues tokenized gold, the physical version it holds in its London vault. The latest custody service will complement its Orion platform. Also Read: JPMorgan Debuts Blockchain Settlement For BlackRock-Barclays After spending years testing distributed ledger technology, HSBC is the latest financial institution to commercialize blockchain-based applications. Additionally, HSBC follows on the heels of JPMorgan, which debuted its first collateral settlement using blockchain last month....

Ripple community and Cardano founder have clashed over the definition of corruption in the context of the ETHgate scandal. Ripple chief technology officer David Schwartz has countered Cardano founder’s comments about possible motives behind the United States regulators’ determination that Ether (ETH) is not a security. Cardano founder Charles Hoskinson addressed the much-debated ETHgate theory in an AMA session on Oct. 8, arguing that the government’s actions were not about corruption. ETHgate is a conspiracy theory alleging that Ethereum received a free pass from U.S. regulators, particularly the U.S. Securities and Exchange Commission (SEC), which has been reiterating its stance that ETH isn’t a security for years. Despite SEC director William Hinman defining Ether as not a security in 2018, U.S. regulators have been struggling to establish the status of other coins, including XRP (XRP), which has created significant impediments to their adoption. According to Hoskinson, Hinman'...

When contemplating EU membership for the nation, the digital lari emerges as a symbol of interoperability with the digital euro, all while safeguarding financial autonomy. The National Bank of Georgia (NBG) has unveiled its intention to propel research on a central bank digital currency ( CBDC ) called the digital lari, within a controlled, exclusive live pilot environment. Nine entities, including Ripple Labs, will actively participate in this project, with a single entity to be chosen for progression to the subsequent testing phase. In a report released in February, the NBG articulated its consideration of a dual-layered CBDC design, featuring third-party provided wallets. This innovative currency would be programmable and offer support for the tokenization of various assets. During an interview held in June, Varlam Ebanoidze, the NBG’s fintech lead, elaborated on potential applications for the digital lari, also known as GEL. These encompass facilitating agricultural insurance an...

Ripple ’s native token, XRP, is currently trading at $0.49 and has failed to climb above the $1 mark despite winning the lawsuit against the SEC. The judge ruled earlier this year that XRP is not a security, and the cryptocurrency spiked to $0.80 in two days. However, XRP is now back to its July lows and has shed all the gains that it generated after winning the lawsuit. A handful of investors are waiting for the token to reach $1, but XRP is now stagnant in price. Also Read: GTA 6 Expected To Earn $8 Billion in a Year After Its Release Source: CoinGecko Will investors make profits in XRP in the coming years, and can the cryptocurrency turn the tide? In this article, we will highlight how high or low XRP could reach in the next five years, in 2028. Ripple: XRP Price Prediction For 2028 Source: TheCoinRepublic.com Leading on-chain metrics and price prediction firm CoinCodex has painted a rosy picture for XRP for the next five years. According to the prediction, XRP mig...

Also Read: Visa Deepens Crypto Payments Presence With Ethereum Account Abstraction advertisement Meanwhile, the crypto community is awaiting the all important Summary Judgement in the Ripple lawsuit, as it could be key to how regulators in the United States look at the Crypto Market . Whether the Hinman documents order would have any bearing on the Summary Judgement remains to be seen. XRP Lawsuit Summary Judgement Close To Completion US attorney Fred Rispoli said sealing motion order on blocking the Bill Hinman documents could have preponed the Summary Judgement date for XRP lawsuit. He said the Judgement is surely and almost ready to go if not fully ready to go, going by the ruling. “It is very much any day right now. The main takeaway from the ruling with the motion to seal is that the Summary Judgement ruling is (already) written. Is it 100% written or 98% written is the question.” Recommended Articles ...

Ripple’s native token, XRP, failed to climb above the $1 mark despite winning the lawsuit against the SEC last month. XRP spiked nearly 75% after the verdict came out in its favor, but quickly underwent a strong correction. The cryptocurrency is now hovering around the $0.50 mark, and the bullish rally has come to a screeching halt. XRP fell below the $1 mark in November 2021, never to reclaim the price target until today. It’s been nearly 22 months since the cryptocurrency has been trading below the $1 price range. Also Read: Shiba Inu: Here’s When SHIB Could Reach its All-Time High Source: Coingecko So when will Ripple ’s native token, XRP, climb above $1 and reclaim its previous glory in the charts? In this article, we will highlight the timeline for when XRP could trade above $1 next, according to a price prediction estimated by a leading on-chain metrics firm. Ripple Prediction: XRP Could Reach A Maximum High of $1.63, Here’s When Source: TheSun....

The sixth-largest crypto, boasting $25 billion in market capitalization, has in the last 24 hours seen a trading volume of over $1.1 billion rush in. This bullish outlook is not unique to XRP, as Bitcoin (BTC) is up 2.7% to trade at $25,591, while the largest smart contracts token, Ether has gained 2%—and exchanging hands at $1,673 on Friday. advertisement As we will see later, XRP price is not out of the woods yet. Despite the bullish outlook, bulls are seemingly struggling to uphold the uptrend. And yet, they must reclaim resistance at $0.5 to wade off the bearish shackles and focus on the ultimate breakout to $1. The Central Bank of Colombia Exploring Ripple’s CBDC Platform Ripple continues to cater to the needs of central banks open to delving into payment networks backed by central bank digital currencies ( CBDC s). According to the latest announcement by Peersyst Technology, the Colombia central bank is ready to “evaluate potential effici...

Gym Positivity CEO declares support for XRP and Ripple.   Joey Swoll, the CEO of Gym Positivity, said he had been a supporter of XRP and Silicon Valley-based company Ripple since 2019  Swoll made this known while responding to a question by prominent XRP YouTuber “Mickle.” In a series of tweets, popular XRP community member Mr. Huber (@Leerzeit) expressed excitement after Swoll followed him on Twitter.  The development shocked many XRP enthusiasts, including “Mickle,” who asked whether Swoll had been a “secret member” of the XRP community.  Responding to the question, Swoll noted that he is not a “secret” XRP community member. The CEO of Gym Positivity disclosed that he has been supporting both Ripple and XRP since he started learning about them in 2019.  Swoll expressed gratitude to Mickle and other top XRP enthusiasts who have been educating people about the crypto project and growing the XRP community. Furthermore, the famous fitness enthusiast said he watches Mi...

Ripple ’s native token XRP is rallying in the indices and is up nearly 25% in the last 24 hours. XRP broke its resistance of $0.40 and skyrocketed to $0.49, briefly missing the $0.50 level. However, it retraced in price and is currently hovering around $0.47 and attracting heavy bullish sentiments. This is the first time that the cryptocurrency rallied strongly this year, and defied the overall cryptocurrency markets with its price run. Also Read: Bitcoin Might Crash Hard After Reaching $30,000, Explains Analyst Source: CoinGecko The cryptocurrency reached its highest since November 2022 and another leg up could take it beyond the $0.50 mark. Ripple: Why Is XRP Rising Today? Source: TheSun.co.uk / Alamy The bullish trend comes after speculations being rife about a positive ruling in favor of Ripple in the SEC lawsuit. The Ripple camp is anticipating the case to come to an end in a favorable ruling on the fintech company. Also Read: Credit Suisse CEO Claimed B...