Ripple’s XRP In A Bearish Slump Despite Recent Product Developments And Regulatory Clarity

2019-8-15 22:51

In the last 6 months, there has been plenty to report about Ripple. The company behind XRP has gone to great lengths to ensure the success of XRP. This has been appreciated by investors and seen more confidence built between the company and its investors.

However, while prices will spike following immediate announcements of new development, XRP prices have remained low. Although the asset has seen massive development in the last few months, prices have failed to rally as expected.

As we reported, Ripple’s recent activity has seen it overshadow Stellar which remains its main competitor. But in recent months, it has appeared that there is potential competition in Libra (if it is ever launched). Ripple executives have dismissed that Libra is a potential threat but given it is backed by the largest social media platform, one cannot dismiss its potential.

For now, XRP seems to be locked in the $0.29 and $0.32 price range. With an all-year high of $0.50, the digital asset has a long way to go before turning extremely bullish. One thing investors are certain of is that when the asset turns strongly bullish, it will have strong support and will easily rally to new highs.

Regulatory Clarity In The U.K, Trouble In The U.S

Boosting its recent development is an announcement in the U.K. Regulators have shed clarity over XRP being a security or utility token. Financial Conduct Authority has revealed that XRP is a utility token like Bitcoin and Ethereum.

This comes as some investors in the U.S amend a class action suit against Ripple. Led by investor Bradley Sostack, these investors claim that Ripple misled investors when selling them XRP. The investors explain that this misinformation saw them buy unregistered security (XRP).

With the matter now in the SEC’s door, Ripple is to respond sometime in September. The issue of XRP being security has long haunted Ripple and threatened its existence. If XRP was ruled to be a security, this would see the company face the authorities for the violation of federal law. It would also see XRP face additional scrutiny from regulators henceforth.

The post Ripple’s XRP In A Bearish Slump Despite Recent Product Developments And Regulatory Clarity appeared first on ZyCrypto.

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Ripple (XRP) на Currencies.ru

$ 1.1049 (-2.26%)
Объем 24H $6.792b
Изменеия 24h: -1.43 %, 7d: 54.64 %
Cегодня L: $1.0851 - H: $1.1536
Капитализация $62.901b Rank 6
Цена в час новости $ 0.2652 (316.63%)

xrp ripple investors clarity regulatory despite slump

xrp ripple → Результатов: 126


Фото:

XRP выросла на 20% после встречи гендиректора Ripple с Трампом

Американское издание FOX Business сообщило, что генеральный директор Ripple Брэд Гарлингхаус встретился с избранным президентом США Дональдом Трампом. На фоне этой новости криптовалюта XRP выросла на 20% — до $0,9842.

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Сколько XRP у Ripple? Компания раскрыла свои резервы

Недавно Ripple опубликовала отчет по XRP за четвертый квартал 2024 года, в котором поделилась, сколько именно XRP у нее на счетах. Судя по отчету, Ripple держит запасы в двух «карманах»: Свободный XRP — токены, которые у компании прямо в кошельке.

2024-11-3 12:03


Фото:

Ripple at crossroads as co-founder moves 30 million tokens amid reserve surge

Ripple (XRP), one of the most prominent cryptocurrencies, has garnered attention due to a series of significant market and on-chain events that have left the XRP community uneasy. With developments around large token transfers and increasing exchange reserves, questions have arisen about the future direction of XRP’s price. In this article, we explore these key […]

2024-9-27 21:56


Why Ripple’s XRP Has an Edge Over Bitcoin and Ethereum in the Race for Practical Cryptocurrency Adoption

A crypto analyst from the YouTube channel AllinCrypto presented a video to prove that Ripple’s XRP has the best chance of being used as a currency compared to other cryptos. His argument is that the strength of XRP is not that it uses a currency but that it can enable the existing fiat currencies’ capabilities […] The post Why Ripple’s XRP Has an Edge Over Bitcoin and Ethereum in the Race for Practical Cryptocurrency Adoption appeared first on CaptainAltcoin.

2024-8-29 23:45


Ripple начинает тестирование своего стейблкоина на Леджере Ethereum и XRP

Компания Ripple, ориентированная на предприятия блокчейн-сервис и создатель XRP Ledger (XRP), сообщила в пятницу, что начала тестирование своего стейблкоина в сети Ethereum (ETH) и XRP Ledger. “В настоящее время Ripple USD находится на стадии бета-тестирования и проходит тщательную проверку нашими корпоративными партнерами”, – говорится в сообщении компании в блоге.

2024-8-10 01:38


Ripple переместили 150 млн токенов XRP

Команда финтех-стартапа Ripple, стоящего за токеном XRP, перевела около 150 мдг XRP из своих резервов на различные криптокошельки. Суммарная стоимость переведенных токенов XRP составляет примерно $66 млн.

2024-7-11 08:47