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Ripple (XRP) is one of the most controversial yet intriguing cryptocurrencies in the crypto realm. With Ripple forging new milestones with each passing second, the XRP token is also inching towards breaking its current price juncture of $0.60. At the same time, Ripple ’s former global head of infrastructure innovation, Dilip Rao, was recently seen making comments on how XRP is not meant for retail, explaining another use case for the token to explore. Also Read: Ripple (XRP) And Binance Coin (BNB) Price Prediction For August 2024 Former Ripple Global Head of Infrastructure: XRP Designed for Institutional Investors Source – Crypto Adventure At a recent Global Islamic Economy Summit, Dilip Rao, former Global Head of Infrastructure Innovation at Ripple, made exclusive comments about Ripple’s adoption. When asked about investors’ recent purchase of XRP for short-term gains, Rao reiterated that this is not the token’s real use. The token is meant for nuanced institution...

Ripple ’s XRP token seems to be following the larger market rebound, rallying 0.9% in the daily charts, 13.7% in the 14-day charts, and 28.2% over the previous month. The latest market recovery is likely due to Bitcoin (BTC) inching closer to the $70,000 mark. BTC’s rally, on the other hand, is likely due to Donald Trump making bullish comments on the original cryptocurrency at the 2024 Bitcoin conference. There is some speculation that Trump might start a Bitcoin reserve policy if he comes to office. Also Read: Here’s When XRP Will Climb Above $1 Again How to be a millionaire when Ripple’s XRP hits $1.5? Source: Reddit To have a million dollars worth of XRP at $1.5 per coin, you will need about 666,666.66 coins. The price of 666,666.66 XRP right now is about $400,000. If XRP hits $1.5, your investment would have grown by about 150%. The question now becomes when will XRP hit $1.5. One of the most significant barriers to XRP’s price is the ongoing lawsuit between...

XRP is experiencing a striking buildup and momentum. With the firm Ripple forging new alliances across leading financial sectors, XRP is set to encounter diverse use cases that may end up catapulting its price to new highs.  However, XRP is currently documenting gradual growth, with price markers stable at $0.59–$0.61. The ongoing bullish momentum is pushing XRP to gain a few cents. Per CoinMarketcap, XRP is up 4% in the last month.  Compared to its contemporaries, XRP is yet to break into a bullish streak. Despite slow growth and progression, Ripple ’s promising crypto ventures and alliances have instilled new hope, urging traders to hold onto the XRP in the future.   Also Read: Ripple : XRP Forecasted to Surge 185% in Price, Here’s When When will XRP hit $0.70? Source: WatcherGuru At present, XRP is trading at $0.59, down 4% in the last 24 hours. The crypto seems to be struggling to break past the $0.61 threshold, encountering resistance at th...

The cryptocurrency market faced a significant correction yesterday, with Bitcoin (BTC) falling to just above $65k. Ripple ’s XRP, along with other assets, are following BTC’s trajectory. XRP is down 4% in the daily charts, 13.9% in the weekly charts, and 6.6% in the 14-day charts. However, the asset’s price is still up by nearly 8% over the previous month and 54.7% since March 2023. Source: CoinGecko Also Read: Ripple CTO Says Gradual Appreciation May Lead Big XRP Gains The latest correction could be due to macroeconomic factors, such as inflation going up in the US, which may lead to the Federal Reserve pushing back any plans of interest rate cuts. The lower expectations of a rate cut may have led investors to pull back from riskier assets, such as cryptocurrencies. Ripple’s XRP to hit $2.28 Source – Tin Tức Bitcoin According to Telegaon, XRP could hit a maximum price of $2.28 in 2024. Reaching $2.28 from current levels would translate to a ...

Although Ripple ’s XRP token is in the greens across the board, the asset’s price fell from $0.60 to $0.56 in a few hours on Feb. 28, 2024. Nonetheless, the asset has seen a healthy turnaround over the last few weeks. XRP is currently up by over 10% in the weekly charts, 9.5% in the 14-day charts, and 11.5% over the previous month. Additionally, the popular cryptocurrency is up by nearly 58% since February 2023. Source: CoinGecko Also Read: Ripple XRP: Can XRP Rally 80% and Reach $1 In March 2024? XRP’s latest rally is likely due to Bitcoin (BTC) reclaiming the $61k price point, a level last seen in 2021 over two years ago. Many speculate that we are entering another 2021-like bull run. Bitcoin (BTC) and other assets may hit new all-time highs this year. Ripple’s XRP to hit $0.91? According to an X post by cryptocurrency analyst Dark Defender, XRP could hit $0.6462 on Mar. 1, 2024, an increase of about 8.4% from current levels. Moreover, the analys...

David Schwartz has postulated that swift implement ation of these changes could occur within a mere fortnight, contingent upon receiving overwhelming support for the proposed amendment. The Chief Technology Officer of Ripple, David Schwartz, has passionately advocated for the backing of an Automated Market Maker (AMM) feature within the XRP Ledger (XRPL) validators’ community consensus. However, this endorsement hinges solely on the collective agreement of the XRPL community. Taking to X (formerly known as Twitter), Schwartz delved into the intricacies of XRPL’s AMM feature. In his initial post, Schwartz alluded to AMMs as an enthralling facet of decentralized finance. The XRP Ledger stands as a decentralized blockchain, with XRP serving as its native digital asset. It has gained acclaim for its swiftness and scalability, rendering it highly suitable for diverse financial applications, including cross-border payments and remittances. In response to a community member...

The SEC's interlocutory appeal comes nearly a month after Judge Analisa Torres laid out her non-final ruling. The United States Securities and Exchange Commission has filed a letter of intent to request an interlocutory appeal to Judge Analisa Torres’ July 13th summary judgment in its ongoing legal battle against Ripple Labs. In an Aug. 9 letter to Judge Torres, the SEC explained it believed her decision warrants a fresh look by an appellate court. “Interlocutory review is warranted here. These two issues involve controlling questions of law on which there is substantial ground for differences of opinion as reflected by an intra-district split that has already developed," the SEC wrote. The SEC added a "timely appellate review' is warranted given the number of actions currently pending that may be affected by how the Court of Appeals resolves the issues at hand. The filing comes nearly a month after Ripple scored a partial victory over the regulator over the legal ...

Also Read: FUD Alert: Reports Of US DOJ Fraud Charges On Binance Resurface advertisement Meanwhile, Southern District of New York Judge Jed Rakoff contested Judge Torres’ verdict by allowing the SEC to proceed with its lawsuit against Terraform Labs and founder Do Kwon. This essentially meant that Judge Rakoff rejected the ruling that retail token sales are not securities. In a latest, attorney Bill Morgan raised the question of the Ripple on-demand liquidity (ODL) linked sales, which was earlier flagged by the company’s chief technology officer David Schwartz. XRP ODL Sales: Securities Or Not? The attorney wondered if the ODL sales can be justified as securities, even if the institutional clients hold the XRP tokens for mere seconds. The Ripple ODL transactions involve customers holding XRP for a few seconds to facilitate quick cross-border payments. This means it is used just as a means for payments and does not necessarily involve ...

A top Bitcoin analyst predicts XRP may surge between $25 and $30 in the upcoming bull run, but caution is advised during this accumulation phase. In a tweet, Captain Faibik, a pro-Bitcoin crypto analyst, voiced his conviction that XRP might soar to remarkable heights between $25 and $30 in the upcoming bull run. Despite his optimism, he advised caution, stressing that the current phase should be approached with a cool head.   Faibik advised against succumbing to the  Fear of Missing Out (FOMO) . He urged investors to adopt a steady and patient accumulation strategy, assuring them that the anticipated bull run was not a mere pipe dream but a matter of time. I Believe $ XRP could Potentially Reach $25-30 in the next Bull run. However, it's Essential to Remember that We are Currently in Accumulation Phase, so Don't FOMO into it. Keep Accumulating gradually & Hold with Patience, Bull run is just a Matter of time.#Crypto # XRP # Ripple pic.twitter.com/0gblaX4a...

If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies. Altcoin price s crumbled after the United States Securities and Exchange Commission (SEC) announced lawsuits against Binance and Coinbase at the start of the week. Apart from the action against the two biggest crypto exchanges, investors seem to be nervous because the SEC labeled 23 cryptocurrencies as securities in the two lawsuits. That brings the total number of cryptocurrencies termed as securities by the SEC to 67. Among the mayhem, a minor positive is that Bitcoin (BTC) and Ether (ETH) have held out relatively well. This suggests that institutional investors are not panicking and dumping their positions. Due to their outperformance, Bitcoin’s dominance has risen to a year-to-date high of 47.6% and Ether’s to 20%. Crypto market data daily view. Source: Coin360 The uncertainty in the near term is likely to keep several investors on the sidelines. ...

Blockchain payments company Ripple recently released its quarterly XRP Markets Report. The same shed light on XRP sales and other developments that took place within the Ripple ecosystem over the past quarter. Via various partnerships, Ripple was able to scale up its ODL product. The report highlighted that Ripple’s crypto-powered payment solution is today available in nearly 40 payout markets. For context, it was just available in three markets in 2020.  Furthermore, Ripple fostered around $30 billion worth of volume and 20 million transactions since RippleNet was launched. Last year, roughly 3 out of 5 payments were sent via ODL. Highlighting the latest numbers, the report noted, “ Last quarter, total XRP sales by Ripple , net of purchases, were $226.31M vs. $310.68M in the previous quarter. “ Also Read: Ripple notes ‘record’ ODL growth in 2022: Further expansion expected Another data set that stood out in the report was the on-chain a...