Bitcoin and XRP are under pressure due to stalled U.S. regulatory progress, including delays in the SEC's innovation exemption and Reg Crypto fundraising rules. Additionally, spot bitcoin ETFs are seeing net outflows, reversing last week's inflows, while rising U.S. Treasury yields increase the cost of holding non-yielding assets like bitcoin. These factors create a challenging environment for cryptocurrencies, making major tokens like XRP vulnerable near key support levels. Despite this, some analysts remain optimistic about a potential strong rally in the final months of the year.
Crypto analyst Mason Versluis predicts XRP's next bull run will reach a conservative price range of $5 to $10, rejecting much higher targets like $500 or $10,000 promoted by some commentators. He clarified that while such high prices might be possibl...
Ripple CEO Brad Garlinghouse stated that XRP has legal clarity following a July 2023 federal court ruling that classified XRP not as an investment contract. The court differentiated between Ripple's programmatic sales, which were not securities, and ...
XRP is currently retesting a critical four-hour price range between $1.2670 and $1.3300. A close above $1.3300 would support a short-term recovery, while a close below $1.2670 could lead to a decline toward $1.13 to $1.07. This near-term test differs...
XRP's transaction volume on the XRP Ledger surged nearly 6,000% to about $50 billion, coinciding with the price holding firm at the $1.25 support level. Analyst Ali Martinez suggests this spike in on-chain activity indicates the market may have found...
Ripple's partnership with DriveWealth plans to use Ripple USD (RLUSD) for settlement on the XRP Ledger in Europe and later in the U.S., focusing on stablecoin settlement, cross-border payments, and digital asset custody. However, the effect on XRP de...
