Crypto Market Declines as Bitcoin Falls Below $30,000 Alongside Equities and Blockchain Stocks
Bitcoin and other cryptocurrencies experienced a decline in early U.S. trading, with the leading cryptocurrency falling 3.8% to trade at $29,282 according to Binance data via TradingView. Ether also slipped below $2,000, with altcoins such as Binance's BNB, Ripple's XRP, and Cardano's ADA also experiencing losses over the past day.
XRP Price Prediction: Ripple Bulls Aim For $0.60 or Higher
Ripple's XRP is trading above $0.510 and the 100 simple moving average (4 hours), with a major bullish trend line forming with support near $0.5100 on the 4-hours chart of the XRP/USD pair. XRP started a fresh increase from the $0.500 zone against the US Dollar, climbing above the $0.525 resistance but facing resistance at the $0.535 zone. Initial resistance is near the $0.5320 zone, with the first major resistance near the $0.535 level. A successful break above the $0.535 resistance might send the price toward the $0.5475 resistance and the $0.600 level. On the downside, initial support is near the $0.522 zone, with the next major support near $0.519 or the 61.8% Fib retracement level. Technical indicators show bullish momentum gaining pace in the MACD and the RSI above the 50 level. If XRP fails to clear the $0.535 resistance zone, it could test the $0.488 support zone. (newsbtc)
XRP Lawyer Warns Of Larger Risks For Crypto Investors From Gensler Hearing
XRP Lawyer John Deaton, who represents over 70,000 XRP token holders in the U.S. Securities and Exchange Commission (SEC) Vs Ripple lawsuit, warned about major implications from the Congressional hearing of Gary Gensler.
XRP Takes the Lead as South Korea Most Popular Altcoin
XRP has become the most popular asset in South Korea based on trade volume this year, according to data from crypto market intelligence provider Kaiko. XRP's trade volume on the four largest exchanges in South Korea has surged to an estimated $16 billion since the start of the year, which is more than three times the volume of Nano and Dogecoin, which respectively secure second and third positions. XRP overtook Bitcoin in trade volume on these exchanges last month, and its price rally was driven by demand from South Korean retail investors, according to a previous Kaiko report. Whales across numerous jurisdictions have also continued to accumulate XRP in anticipation of a favorable ruling in the Ripple vs. SEC case.
Ripple-Based MoneyTap Adopted by Three Japanese Banks
Ripple-based payment system MoneyTap continues growing in Japan, with several local banks opening access to the application for their clients.
XRP Holds $0.51; Whales Move 70 million XRP
Ripple’s native crypto, XRP price has been stagnant over a long period of time due to facing uncertain future possibilities pushed by the U.S. Securities and Exchange Commission (SEC). Despite facing legal troubles from the commission, XRP price surge in the last 30 days has managed to beat Bitcoin, the world’s largest crypto.
Ripple CTO Confirms Ripple Sells XRP to Reduce its Holdings
Ripple generates most of its revenue from selling its XRP holdings, according to David Schwartz, CTO at Ripple. Schwartz confirmed in a series of tweets that selling XRP accounted for 98% of the firm's revenue and that Ripple only has two options regarding its XRP holdings: to sell or hold them. Selling the tokens is seen as a better choice, as it contributes to decentralization. Ripple sells XRP tokens in connection with its On-Demand Liquidity solution, which caters to multiple entities across nearly 40 payout markets. Ripple's report on XRP for Q4 2022 revealed that the technology firm sold $226.31 million worth of XRP in the quarter alone.
Liquidity Hub: Our B2B Crypto Liquidity API Solution
Ripple Liquidity Hub is a purpose-built platform for enterprises that confers a critical business advantage in a crypto-first future.
XRP Lawyer Recalls Gary Gensler Video On ‘Crypto’ Panic Among Banks
Attorney John Deaton, who represents over 76,000 XRP token holders in the ongoing Ripple lawsuit against the SEC, shared a video from 2018 wherein US investor Tim Draper is seen saying to SEC Chair Gary Gensler that the banks were in panic about the rise of cryptocurrency market.
Ripple Addresses Concerns Over Omission of XRP from Liquidity Hub
Ripple Responds to Questions about XRP Exclusion from Liquidity Hub.
Biggest Movers: ADA Surges to 7-Month High, as XRP Extends Recent Gains
Cardano rose to its highest level in seven-months on April 14, as cryptocurrency markets remained bullish. The global crypto market cap rose by as much as 2.25% on Friday, with bitcoin moving above $31,000. Xrp was another notable gainer, as the token hit a two-week high.
Ripple Funds Over 45 Universities Across 20 Countries to Enhance Blockchain Development
Despite the lingering SEC lawsuit, Ripple continues to make notable impacts around the globe including funding several higher learning institutions and many research projects to further blockchain development.
Ripple Liquidity Hub Bridges Traditional Fiat Systems With the New World of Crypto
Ripple has some great news regarding Liquidity Hub, an innovative approach to managing crypto liquidity needs for businesses.
Crypto Evening Briefing: Hong Kong Web3Hub Fund Officially Launched Today
The fund has a scale of $10 million and aims to encourage more companies to settle in Hong Kong by combining blockchain and artificial intelligence to provide a convenient and cost-effective platform.
Ripple Launches Liquidity Hub, Now Live for Businesses
Ripple has launched its Liquidity Hub solution, which offers businesses access to liquidity for a variety of digital assets, drawn from a wide range of top exchanges, market makers, and over-the-counter desks worldwide. The service uses advanced technology to find the best rates for digital assets and allows businesses to access liquidity without needing to keep a lot of capital on hand. Ripple's new service also gives corporations access to a big network of payout channels all over the world, which makes it easier and faster to carry out operations like managing digital currency transactions and keeping track of funds. However, the platform's announcement did not explicitly reference XRP, leading to questions from the XRP community as to whether it will be leveraged by the Liquidity Hub solution.
Twitter and eToro Partnership Can be Big for Ripple and XRP, Here’s why
XRP and Ripple might benefit from Twitter’s collaboration with eToro.
XRP Leading Top Altcoins Rally; Ripple Case Verdict Out Soon?
The global digital asset market is on a surge as investors’ sentiment turns positive after U.S. consumer price jumped less than expected in March. This signaled that the Fed is likely to stop hiking rates after a possible rise in May. Amid the recent surge, Ripple’s native token, XRP price emerged as the leading gainer among the top altcoins.
SEC Argues Recent Court Case Weakens Ripple Labs’ ‘Fair Notice’ Defense
The United States Securities and Exchange Commission (SEC) has claimed that a recent court judgment weakens a key defense made by Ripple Labs in its ongoing legal battle with the regulator. In an April 11 letter to U.S. District Judge Analisa Torres, the SEC highlighted the judge’s opinion in a separate enforcement action it won against investment advisory firm Commonwealth Equity Services. The SEC argued that the longstanding Supreme Court precedent which gave rise to the Howey test provides Ripple Labs with fair notice as to what a security is, just as the precedent referred to in the Commonwealth case had. Ripple’s argument that the SEC had failed to provide it with fair notice before suing it for committing securities fraud in December 2020 is regarded as one of its key defenses. Legal experts such as John E Deaton believe Ripple Lab’s best chance lies in convincing the judge that XRP is not a security based on the Howey test.
SEC Urges Court to Reject Ripple’s Fair Notice Defense in XRP Lawsuit, Files Letter of Supplementary Authority
Led by Gary Gensler, the United States Securities and Exchange Commission (SEC) has filed a letter of Supplemental Authority to the presiding judge to further support its pending motion for Summary Judgment in the longstanding XRP lawsuit filed months ago.
