Tag: Ripple

Analyst Keeps $7.50 XRP Target Despite SEC Appeal Vs. Ripple

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Este artículo también está disponible en español. Yesterday, Wednesday, the United States Securities and Exchange Commission (SEC) formally extended the XRP lawsuit against Ripple by filing a Notice of Appeal regarding Judge Torres’s ruling. Following this news, the price of XRP plunged by more than 10%. However, crypto analyst Egrag Crypto (@egragcrypto) maintains that the bullish setup remains unchanged, with a target of $7.50 still in place for this bull run. Why $7.5 Is Still Possible For XRP Price Egrag’s analysis, shared via X, emphasizes resilience in the XRP pricing…

Ripple partners with Mercado Bitcoin to launch payments solution in Brazil

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Ripple has announced that its payments solution is now available in Brazil, which follows digital asset infrastructure provider’s partnership with crypto exchange Mercado Bitcoin. According to a Ripple announcement on Oct. 3, Mercado Bitcoin will be the first platform to tap into Ripple Payments, a solution that allows businesses to benefit from faster and cheaper cross-border payments.   Mercado Bitcoin users will also benefit from enhanced security, global access, and deeper liquidity. Direct cross-border payments in Reais Brazil is the first country in Latin America that the company behind XRP…

Ripple XRP Case: SEC Moves To Appeal Court Ruling

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In a significant move that could reshape the regulatory landscape for XRP and blockchain payments company Ripple, the US Securities and Exchange Commission (SEC) announced on Wednesday that it is appealing the court ruling limiting its authority over crypto markets.  The appeal targets a July 2023 decision by US District Judge Analisa Torres, which determined that the XRP token, sold by Ripple Labs on public exchanges, does not qualify as a security under existing laws. SEC Appeals Court Ruling On XRP The implications of this ruling are substantial. Judge Torres…

SEC Files Notice of Appeal in Case Against Ripple

In July 2023, the judge ruled that while Ripple violated federal securities law through its institutional sales of XRP, its programmatic sales to retail exchanges did not violate securities rules. The SEC attempted to file an interlocutory appeal against the motion for summary judgement, but was denied by the judge. Source

Trading Interest Zooms Amid Ripple RLUSD Testing

Open Interest (OI) refers to the total number of outstanding derivative contracts not settled for an asset. An increase in OI and a price increase typically indicate that new money is coming into the market. On the other hand, if the price rises but OI falls, the rally might be driven by short covering rather than new buying, potentially signaling a weaker trend. Source

Ripple Vs. SEC Battle Far From Over As Regulator Opposes Court’s Decision

Este artículo también está disponible en español. The lawsuit between Ripple and the United States Securities and Exchange Commission (SEC) has in fact not ended, as new reports of the regulator possibly opposing the court’s decision have surfaced. If the SEC decides to proceed with the appeal, Ripple could be drawn into an even longer and more tedious legal dispute, extending the uncertainty about its regulatory clarity.  Related Reading SEC May Appeal Ripple Court Ruling  In an X (formerly Twitter) post on September 26, Fox Business journalist Eleanor Terrett revealed…

Ripple Whales Accumulate Over 380 Million XRP in Just 10 Days: Is A Breakout Near?

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Este artículo también está disponible en español. XRP has shown remarkable resilience recently, maintaining its position above a critical support level, though a significant price move still looms. Key data from Santiment reveals that whales are actively accumulating XRP, having purchased over $228 million in the past few days.  Related Reading This aggressive accumulation suggests a growing confidence among large holders as the market rallies toward higher prices. Analysts and investors closely watch XRP, anticipating a breakout from key supply levels that could trigger a rally to new highs.  With…

Ripple Renews NYU Abu Dhabi Partnership for Blockchain Research

Ripple has renewed its partnership with NYU Abu Dhabi to support blockchain research and innovation. This partnership aims to foster talent development, advance digital asset adoption, and integrate blockchain technology into startups and established institutions in the UAE. Ripple has funded numerous scholarships and research projects through its UBRI program, demonstrating its commitment to driving […] Source CryptoX Portal

Ripple CEO: Japan’s Leaders Committed to Advancing Crypto and Blockchain Technology

Ripple CEO Brad Garlinghouse discussed Japan’s potential in blockchain technology with Japanese lawmaker Taira Masaaki during XRP Community Day. Garlinghouse praised Japan’s commitment to advancing crypto, highlighting the country’s “clear frameworks and constructive policy” that encourage innovation while ensuring consumer protection. Taira, a Web3 and AI advocate in Japan’s House of Representatives, noted that the […] Source CryptoX Portal