Mastercard has expanded its involvement in the XRP Ledger ecosystem by sponsoring an upcoming XRP Ledger Hackathon in New York, highlighting its growing interest in Ripple-linked infrastructure. This comes as XRP struggles to maintain gains from a sharp rally in August, with prices retreating from $1.70 to around $1.38. Despite the price pullback, institutional demand remains strong, supported by significant inflows into U.S. spot XRP ETFs totaling about $1.55 billion recently. The future price direction depends on key support levels around $1.36 and broader crypto market conditions, with Mastercard's engagement reinforcing XRP's role in payments but not guaranteeing price increases.
Analyst Kayne outlines a potential Elliott Wave path for XRP starting from the $1.20-$1.25 range. The scenario involves XRP holding this base level, then moving through several stages: rising to $1.50-$1.52, pulling back to around $1.40, advancing to...
The US midterm elections on November 3 will determine control of the House and Senate, influencing the fate of key crypto legislation like the CLARITY Act. Markets largely expect Democrats to retain the House and possibly the Senate, pricing in limit...
Crypto analyst EGRAG CRYPTO shared an XRP price chart highlighting a possible major upward movement described as the "BIGGEST WAVE 3" based on Elliott Wave theory, which organizes price trends into five-wave patterns. An earlier scenario suggested XR...
Lawyer Bill Morgan criticized Ripple's XRP escrow practice, arguing that instead of returning unused monthly token releases to escrow, Ripple could have distributed them. Ripple set up 55 billion XRP in 55 contracts in December 2017, each holding 1 b...
Crypto commentator Zach Rector suggests that current complaints about XRP's price could be a contrarian indicator, meaning frustration might precede a price increase. XRP was noted at $1.25 as of Nov. 2 in a daily price table, but this is not a trade...
