Tag: XRP

Ripple Unlocks 1 Billion XRP From Escrow

On-chain data recently showed that Ripple carried out its monthly escrow unlock for May. As expected, this has raised concerns about how it could affect the XRP price, especially since Ripple has been accused of manipulating the token’s price.  Ripple Unlocks 500 Million XRP Tokens Onchain data revealed 500 million XRP tokens were unlocked from Ripple’s escrow on May 1. The crypto firm is known to unlock 1 billion tokens monthly, although it looks to have only unlocked half this time around. The magnitude of these tokens always raises concerns,…

XRP Can This 23 Million Token Purchase Spark A Rally?

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The cryptocurrency market continues to navigate a period of sluggishness. Yet, a recent whale activity has injected a flicker of hope for XRP, the native token of Ripple. On Tuesday, a significant investor, commonly referred to as a whale, acquired a hefty 23 million XRP, sparking renewed interest in the embattled token. Whale Movement: A Sign Of Shifting Tides? The purchase was identified by Whale Alert, a platform that tracks large cryptocurrency transactions. The tokens originated from a Binance exchange wallet, with the recipient address remaining undisclosed. However, the fact…

XRP Price Edges Up As Ripple Forms Major Partnership In Japan

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Ripple has announced a major partnership with Tokyo-based HashKey DX, a consulting company of the HashKey Group, to deploy XRP Ledger (XRPL)-powered enterprise solutions in Japan’s burgeoning blockchain sector. The announcement led to an immediate 1.9% increase in XRP’s price, although this gain was slightly pared back; as of the latest data, XRP stands 1.1% higher since the news broke. The Ripple And HashKey Partnership: Details The collaboration leverages the substantial success HashKey Group has seen in mainland China. HashKey‘s blockchain-powered solutions for supply chain finance have registered over 4,000…

XRP Price Prediction – Will Bearish Trend Push Prices Under $0.50?

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XRP price is struggling to recover above the $0.520 resistance. The price could gain bearish momentum if it breaks the $0.50 support. XRP is attempting a fresh increase and facing hurdles near $0.520. The price is now trading near $0.5150 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance at $0.520 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above the $0.520 resistance. XRP Price Aims…

XRP Sees Over $12 Million Sell-Off: Buying Opportunity?

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The once-booming cryptocurrency XRP, championed by Ripple Labs, finds itself precariously perched on a stormy sea of uncertainty. Recent weeks have been a tempestuous voyage for the digital asset, rocked by a confluence of challenges: regulatory scrutiny, dwindling investor confidence, and now, the ominous exodus of major whales. XRP Whale Exodus Sparks Fear These “whales,” the deep-pocketed investors holding vast quantities of XRP, have begun executing sizable sell orders, sending tremors through the market. On-chain data reveals a colossal transfer exceeding 24 million units, valued at slightly over $12 million,…

Leading analyst favors XRP as KangaMoon dominates the market and SOL drops

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company. Amid a bustling Bitcoin market, a bullish XRP prediction and rising interest in KangaMoon contrast with Solana’s disappointing price drop. With the current Bitcoin rush in the market, a prominent analyst’s recent XRP prediction has made headlines, suggesting that XRP could reach the $10 level. Similarly, another altcoin—KangaMoon (KANG) is gaining significant traction attracting whale’s attention. In…

Forbes Unveils 20 Crypto ‘Zombies,’ Declares Ripple And XRP Among The Undead

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In a controversial report, Forbes unveiled a list of 20 “crypto billion-dollar zombies,” Layer 1 (L1) tokens, which the news outlet defines as crypto assets with substantial valuations but “limited utility beyond speculative trading.”  These cryptocurrencies and projects include Ripple, XRP, Ethereum Classic (ETC), Tezos (XTZ), Algorand (ALGO), and Cardano (ADA), among others.  XRP And Ethereum Classic In The Spotlight Ripple Labs, the company behind XRP, was highlighted as a prominent crypto zombie. Despite XRP’s active trading volume of around $2 billion daily, Forbes asserts that the token’s primary purpose…

Analysts Call It: XRP Primed For A 700% Surge

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Ripple’s XRP token finds itself navigating through turbulent waters. Over the past few months, XRP has experienced significant price fluctuations, leaving investors pondering the trajectory ahead. Despite a modest weekly gain, XRP remains below its 30-day average, signaling a bearish sentiment prevailing in the market. XRP Price Wobbles: Downward Trend Or Temporary Dip? At its current value of approximately $0.52, XRP reflects a market sentiment characterized by uncertainty. However, amidst the downward trend, a chorus of analysts is singing a different tune, foreseeing a potential surge in XRP’s price. #XRP…

XRP, ETH communities seize Kelexo Stage 2 presale opportunities

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid market shifts, XRP and ETH communities capitalize on the Kelexo Stage 2 presale, highlighting its promise in the burgeoning defi sector. The burgeoning Decentralized Finance (defi) space is witnessing a surge of interest in Kelexo (KLXO), a peer-to-peer lending platform built on the Ethereum (ETH) blockchain.  This excitement coincides with the launch of Kelexo Stage 2 presale, attracting investors, particularly those holding established cryptocurrencies like Ripple (XRP) and…

DeeStream attracts interest from AVAX, XRP fans amid Bitcoin halving

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Following the recent Bitcoin halving, DeeStream’s presale attracts heightened attention from Avalanche and Ripple investors. One major event in the crypto ecosystem that has fueled investors’ movement is the Bitcoin halving in mid-April, which has been anticipated since the last one, four years ago. Unlike in the past when Bitcoin surged to an all-time high after halving, this time around, Bitcoin surged to an all-time high before halving. A…