XRP price plunges 21% in two days as SEC targets Ripple — What’s ne...
The XRP price correction is exacerbated by reports of a looming lawsuit against Ripple. XRP price declined by 21% in two days on Coinbase from $0.5695 to $0.4491. The drop was accelerated by reports on Dec. 22 that the U.S. Securities and Exchange Commission (SEC)’s is preparing a lawsuit against Ripple.Brad Garlinghouse, the CEO of Ripple, said the SEC “voted to attack crypto,” citing a Fortune article. He wrote:“Today, the SEC voted to attack crypto. Chairman Jay Clayton - in his final act - is picking winners and trying to limit US innovation in the crypto industry to BTC and ETH. We....
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A recent analysis by a crypto market expert has reignited interest in XRP’s potential utility, especially in the context of Ripple capturing a portion of SWIFT’s global transaction volume. According to the expert, if Ripple secures just 14% of SWIFT’s market share, the implications for XRP’s supply and potential could be significant. XRP’s Potential If Ripple Takes On 14% Of SWIFT Market expert Crypto Eri has emphasized, through detailed mathematical calculations, the impact Ripple, capturing 14% of SWIFT’s total annual cross-border volume, could have on XRP’s supply and daily....
Ethereum has seen some slight momentum over the past 24-hours that has pushed its price towards $380 This is a critical level that has historically sparked both uptrends and downtrends Whether or not this level is broken above in the near-term will provide serious insights into the crypto’s outlook One analyst is noting that its mid-term market structure is incredibly bullish, and that it is likely to lead it into “price discovery” in 2021 As […]
In a possible turning point for the XRP lawsuit, Fox Business journalist Eleanor Terrett reported on Wednesday that the US Securities and Exchange Commission (SEC) and Ripple might soon reach an agreement. “Two well-placed sources tell me that the SEC vs. Ripple case […] could be over soon,” Terrett revealed, adding that “the delay in […]
XRP’s price action within the past seven days has been limited to a trading range as investors look to recover the losses they incurred at the beginning of February. This range is a consequence of the current indecisiveness on the XRP price. However, popular crypto analyst EGRAG CRYPTO has provided a detailed breakdown of XRP’s price trajectory from here. Particularly, the analyst highlighted crucial support and resistance levels that could determine XRP’s movement at each stage. XRP’s Lower Price Targets Indicate Key Support Levels Sharing his insights on X, EGRAG CRYPTO....
Ripple CEO Brad Garlinghouse reiterated his concerns over the lack of regulatory clarity from the U.S. Securities and Exchange Commission (SEC). Previously, both Garlinghouse, and Ripple CTO Chris Larsen, had expressed a desire to leave the U.S. due to what they perceive as stifling conditions. More recently, in a CNN interview, Garlinghouse said little has […]