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Tag: XRP News

XRP Price Update: Mixed Signals Amidst SEC Lawsuit and Inflation Woes
XRP News

XRP Price Update: Mixed Signals Amidst SEC Lawsuit and Inflation Woes

XRP price action on Wednesday offered a glimpse of the cryptocurrency's current state: cautiously optimistic. Despite a brief dip below $0.60, XRP managed to finish the day at $0.6181, a 0.55% gain. This rise came despite broader market anxieties surrounding US inflation data. Hotter-than-expected inflation numbers, initially causing investor angst, ultimately fueled a positive reaction in XRP and the crypto market as a whole. XRP climbed to a session high of $0.6212 before settling slightly below the $0.62 mark. However, compared to the total crypto market cap's 1.50% increase, XRP lagged. The lingering shadow of the SEC v. Ripple lawsuit continues to dampen XRP's potential. With no updates on the case Wednesday, investors remain apprehensive as Ripple prepares to file its oppos...
Uphold Unveils New Crypto Basket Focused on Focusing on XRP and other Financial-related tokens
XRP News

Uphold Unveils New Crypto Basket Focused on Focusing on XRP and other Financial-related tokens

Leading American trading platform Uphold has introduced a new crypto investment basket featuring XRP and other finance-related tokens. This basket simplifies the process of building a diversified cryptocurrency portfolio by offering a pre-selected group of assets in a single click. Read Also: Cardano Price: Bearish Sentiment But Bullish Potential Crypto Baskets for Easy Portfolio Diversification Uphold Baskets launched in February 2024, aiming to address the challenge of selecting worthy investment options from the vast landscape of cryptocurrencies. These baskets function as bundles of carefully chosen crypto assets, allowing users to diversify their holdings with a single purchase. Uphold categorizes these baskets based on different market sectors, making it easier for investors to ...
XRP Community Buzzes About Possible FedNow Network Integration
XRP News

XRP Community Buzzes About Possible FedNow Network Integration

A recent social media post by an XRP community member has sparked discussions about XRP and the FedNow network, the instant payment system launched by the Federal Reserve Bank in the US. The post, by Crypto Value Hunter, detailed an instant XRP withdrawal from Uphold, a crypto exchange known for its support of XRP, to a bank account. The transaction description reportedly mentioned FedNow, leading to speculation about FedNow's involvement in processing the XRP transaction. Read Also: Solana Price Stalemate: Bullish Flag or Bearish Whales? https://twitter.com/majesticboss55/status/1774814745868095949 This sparked excitement within the XRP community for two reasons. First, XRP's strength lies in facilitating fast cross-border payments, which aligns with FedNow's instant settlement featur...
XRP Struggles to Regain $1 Glory, Analysts Divided on April Prospects
XRP News

XRP Struggles to Regain $1 Glory, Analysts Divided on April Prospects

XRP's price continues to disappoint holders, failing to recapture the $1 mark lost since the previous bull run. This underperformance comes despite a strong first half of 2024 for major cryptocurrencies like Bitcoin and Ethereum. Currently trading around $0.59, XRP would need a 70% surge to reach $1. This week's Bitcoin-led market correction pushed the token below the crucial $0.6 level, further dampening investor sentiment. Despite the slump, some analysts remain optimistic. Read Also: XRP Underwhelmed in Q1, But Analysts Predict Bullish Run Ambitious Targets and Short-Term Hopes The past month saw optimistic voices in the crypto community forecasting ambitious targets of $5 and even $10 for XRP. Some believe $10 could be achievable in the short term, while others view it as th...
Bullish Signs Spark on XRP Chart: Potential for a Price Rally in the Making?
XRP News

Bullish Signs Spark on XRP Chart: Potential for a Price Rally in the Making?

XRP, the sixth-largest cryptocurrency by market capitalization, has been hinting at a potential shift in momentum, sparking excitement among bulls in the market. After struggling below the $0.6 resistance level since early January, recent price action suggests a possible bullish swing on the horizon. Read Also: Terra Classic Price Prediction: Challenges and Potential in 2024 Recent Observations Despite a 1.9% decline in the past 24 hours and a 9.1% drop in the last 14 days, XRP's chart shows encouraging signs. The appearance of green candles indicates successive days of positive price action, suggesting increasing bullish sentiment. XRP has surpassed the 200-day Exponential Moving Average (EMA), a potentially bullish signal. Hints of a potential breakthrough above the 100...
XRP Community Ablaze with Speculation as EGRAG CRYPTO Predicts Potential Surge to $220
XRP News

XRP Community Ablaze with Speculation as EGRAG CRYPTO Predicts Potential Surge to $220

In a recent revelation, crypto analyst EGRAG CRYPTO, known for his precise technical analyses, has sent shockwaves through the XRP community with a bold prediction. Drawing an analogy to the explosive energy of a Gamma-Ray Burst (GRB), EGRAG CRYPTO forecasts a potential astronomical leap in XRP's price, reaching as high as $220. Read Also: SEC's Reliance on Terra Case Sparks Debate in Binance and Coinbase Lawsuits https://twitter.com/egragcrypto/status/1744629963905540477?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1744629963905540477%7Ctwgr%5E48c333b64e525acabb635c8f228f9a9ad75b3041%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ftimestabloid.com%2Fanalyst-xrp-is-primed-for-39185-rally-to-220-with-gamma-ray-burst%2F The Reason for EGRAG CRYPTO Bullishness towards XRP The basis fo...