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Ripple News

Mystery Surrounds Sudden Release of Half Billion XRP from Ripple Escrow
Ripple News

Mystery Surrounds Sudden Release of Half Billion XRP from Ripple Escrow

The XRP community is abuzz with speculation after a surprise movement of 500 million XRP tokens from Ripple escrow accounts. This sudden release, deviating from the usual monthly schedule, has left many questioning Ripple's motives and its potential impact on the XRP market. Large, Unexpected Transfer Raises Questions Data from Whale Alert reveals two separate transactions totalling 500 million XRP, valued at roughly $306.5 million. This breaks the pattern of Ripple's standard practice of releasing XRP every month. The origin of the tokens adds another layer of intrigue. https://twitter.com/whale_alert/status/1778650667122307122?t=RSUyR-1MextzE3M7NX_liw&s=19 While the address used for the transfer has been linked to Ripple since 2017, public records show it has been dormant sin...
Exclusive: Insights from the Latest Crypto Price Analysis of ETH, XRP, ADA, SHIB, and DOGE
Cardano, Cryptocurrency, Dogecoin, Ethereum, Ripple News, Shiba Inu

Exclusive: Insights from the Latest Crypto Price Analysis of ETH, XRP, ADA, SHIB, and DOGE

In this week's analysis, we will look deeper into the technical aspects of some of the most popular cryptocurrencies in the market with the aim to provide expert insights on the performance, features and potential of these digital assets taking into consideration their underlying technologies, developmental roadmap and market trends Ripple (XRP) XRP has been stuck in a range between 54 cents and 68 cents. This week, the price increased by 5%, but it lacks the momentum to challenge the key resistance. At present, XRP is hovering around 60 cents, placing it in the middle of this range, and more sideways price action is expected in the future. XRP has struggled to attract market participants' attention, which is reflected in its price action that has lacked clear momentum for months. A b...
Crypto Revolution: Ripple CEO Anticipates Market Cap Explosion to Surpass Apple and Nvidia
Ripple News

Crypto Revolution: Ripple CEO Anticipates Market Cap Explosion to Surpass Apple and Nvidia

Ripple CEO Brad Garlinghouse predicts that the entire cryptocurrency market value could double in 2024, exceeding $5 trillion. He attributes this potential surge to the upcoming Bitcoin halving and the launch of the first US Bitcoin ETF. Garlinghouse believes that these macroeconomic factors, combined with positive regulatory developments in the US, will drive the market's value to double from its current standing. He said: “I’ve been around this industry for a long time, and I’ve seen these trends come and go. I’m very optimistic. I think the macro trends, the big picture things like the ETFs, they’re driving for the first time real institutional money.” Read Also: Cardano Price Surge: $10 and $20 Targets Eyed by Analysts, But Timelines Extended Crypto Market Doubling in 2024: E...
Expert Insights: Analyzing April’s Potential Market Shifts Amidst Ripple vs SEC Lawsuit
Ripple News

Expert Insights: Analyzing April’s Potential Market Shifts Amidst Ripple vs SEC Lawsuit

The ongoing battle between Ripple and the US Securities and Exchange Commission (SEC) regarding the regulatory status of XRP has been a significant event in the cryptocurrency industry since 2020. The SEC has accused Ripple of raising $1.3 billion through unregistered XRP sales, leading to a legal dispute that is causing uncertainty in the market. Read Also: XRP Community Buzzes About Possible FedNow Network Integration https://twitter.com/egragcrypto/status/1774555141946912955 Recent market data shows that XRP's price has fallen to a two-week low of $0.56 on April 3, as traders are unsure of the SEC's position. April is a crucial month as looming deadlines increase the tension. On April 16, a pretrial conference will set the stage for a legal showdown that could redefine crypto r...
SEC And Ripple’s Settlement Conference: Could This Led To A Happy Ending?
Cryptocurrency, Ripple News

SEC And Ripple’s Settlement Conference: Could This Led To A Happy Ending?

As per the CourtListener legal database, the US District Court for the Southern District of New York as of late planned a settlement conference with respect to the continuous legal tussle between the SEC and Ripple. The meeting, held yesterday at 3:10 PM (ET), was presided by Judge Sarah Netburn. An X user @bobaboy76239 shared a photograph of Ripple's executives Brad Garlinghouse and Stuart Alderoty entering a federal courthouse in New York yesterday. Read Also: Will Coinbase Meet The Same Faith As XRP In Court Or Will SEC Lose? https://twitter.com/bobaboy76239/status/1773771635427844155 Settlement Conference A Mandatory Event The photograph inspired a progression of responses, as XRP community members were shocked that a settlement meeting had happened suddenly. In response ...
A Warning To XRP Executives On Price Decline
Ripple News

A Warning To XRP Executives On Price Decline

The attention of the XRP community has been drawn by one of the enthusiasts in the ecosystem following the recent happenings with the XRP price and the network generally, he called the attention of all the strongholds of Ripple giving them a "sincere warning" and admonishing them to act with immediate effect in resolving the price decline that has become imminent in the network. XRP fan Mack from the Netherlands previously gave this call, creating a critical foothold from other community members. Taking to X, Mack stated that it was time for something to be done, instead of looking silently at the decline price. Read Also: How Will Ripple vs SEC’s Case End, Expert Gives Trails Of Possible Outcome He pointed at Ripple's CEO, Brad Garlinghouse, and its CTO, David Schwartz. Also, he ...
Web3 Security Hack: New Discoveries Into Ripple’s Chairman Theft
Ripple News

Web3 Security Hack: New Discoveries Into Ripple’s Chairman Theft

The security analyst was one of the persons to point out the hack on Jan. 31 following ZachXBT's revelation. Review that prior reports were that the theft prompted the deficiency of around 213 million XRP, with the malevolent actor utilizing centralized exchanges to target the assets. In its most recent report, Hacken brought up that the hack of the taken assets took more than 11 hours. The stage mentioned that this length is unconventional, as hackers frequently take out assets as fast as they can following a hacking occurrence. https://twitter.com/hackenclub/status/1755246957201678670 The New discovery by Hacken pioneered by their security team of experts Dmytro Yasmanovych, uncovered that the hacker moved the XRP from Larsen's wallet to eight distinct addresses, and afterward p...
Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst
Ripple News

Ripple Could Face Billions in Fines: Shocking Scenario Revealed by Analyst

The Ripple vs. SEC lawsuit, a saga that has gripped the cryptocurrency community for years, took a dramatic turn with a potential multi-billion dollar fine hanging over Ripple's head. Renowned crypto expert Zach Rector, in a recent YouTube analysis, laid out a worst-case scenario that could see the payments giant cough up a staggering $3 billion to the U.S. Securities and Exchange Commission (SEC). Read Also: Ice is Breaking onto the Scene: Major Listing on OKX Exchange This Week! Disgorgement on the Horizon? At the heart of the potential penalty lies the regulatory question of whether XRP, Ripple's native token, constitutes an unregistered security. Rector argues that if Judge Analisa Torres rules in favour of the SEC on XRP's On-Demand Liquidity (ODL) sales being investment contract...
SEC Heats Battle with Ripple, Demanding Financial Statements and Raising New Claims
Ripple News

SEC Heats Battle with Ripple, Demanding Financial Statements and Raising New Claims

The ongoing saga between the Securities and Exchange Commission (SEC) and Ripple Labs took a sharp turn this week as the SEC filed a motion in federal court demanding access to Ripple's financial statements for 2022-2023 and post-complaint contracts governing institutional XRP sales. This escalation suggests a new phase in the legal battle, potentially focusing on transactions after the initial lawsuit was filed in December 2020. Read Also: Terraform Labs Founder Do Kwon Fights Extradition, Delays US Trial https://twitter.com/FilanLaw/status/1745512272313606586 Key Points of the SEC's Motion Financial Statements: The SEC seeks Ripple's financial statements for the past two years, potentially aiming to assess the impact of post-complaint XRP sales on the company's finances. I...