XRP At $10 Envisioned Amid Growing Network Metrics Even As Ripple Aims to Claim ‘Big Win’ in SEC Case

XRP At $10 Envisioned Amid Growing Network Metrics Even As Ripple Aims to Claim ‘Big Win’ in SEC Case
фото показано с : zycrypto.com

2023-6-16 21:39

Latest on-chain data shows the Ripple network is expanding as the number of new XRP addresses increases.

According to crypto analyst Ali Martinez, these increases in addresses usually signal a potentially significant price growth.

Network Growth (XRP). Source: Santiment Is XRP preparing for its next rally?

As reported by ZyCrypto, the surge in new addresses helped drive the price of XRP above the psychological resistance of $0.50, reaching a peak of $0.056 on Tuesday as the XRP Army continue to envison the $10 price point.

Although the increase in addresses could be a bullish signal suggesting the next XRP rally, it’s not a completely reliable indicator.

Investors focus on the outcome of the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple, alleging that XRP is a Security. Recently, District Judge Annalisa Torres ordered the inclusion of former SEC director William Hinman’s speech in the case documents, where he stated that Ether is not a Security token.

The use of these documents is crucial for Ripple in the case, as it could help the company demonstrate that, like ETH, XRP is not a security token.

Additionally, a victory in the Ripple lawsuit could have significant implications for the price of XRP and the cryptocurrency market as a whole. According to several experts, Ripple and its token are undervalued, considering the company’s reserves exceed four times its market value. Furthermore, Ripple has expressed its desire to go public, generating significant interest from institutional investors.

XRP retreats 7.4%

Today, the price of XRP experienced a 5.4% retreat, according to CoinGecko data, following the recent SEC lawsuit against Binance.US, Binance International, and Binance CEO Changpeng Zhao. The lawsuit alleges that the exchange allowed North American users to use the international platform without regulatory permission to operate an unauthorized security token.

Furthermore, they were accused of using unauthorised user funds, transferring them to other international entities, thus evading federal laws.

However, despite the current decline of XRP, several indicators, such as moving averages, VPVP, and ADX, among others, continue to project a bullish trend on daily timeframes.

Therefore, XRP needs to respect the support zone to maintain its bullish movement above $0.45. If it stays above that zone in the coming days, it could likely target the next resistance at $0.60 in the short term.

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Ripple (XRP) на Currencies.ru

$ 0.5501 (+0.45%)
Объем 24H $1.384b
Изменеия 24h: -0.39 %, 7d: 5.21 %
Cегодня L: $0.5475 - H: $0.5594
Капитализация $31.281b Rank 7
Цена в час новости $ 0.4801 (14.58%)

xrp ripple network data latest on-chain shows

Источник: zycrypto.com

xrp ripple → Результатов: 126


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2024-11-3 12:03


Фото:

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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 […]

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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.

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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.

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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.

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Ripple Develops Cross-Chain Bridge to Expand XRP’s Reach to Ethereum

Ripple (XRP) has unveiled a development that aims to expand the reach of XRP and unlock new opportunities in the realms of decentralized finance (DeFi) and real-world assets (RWA). The introduction of the XRPL EVM Sidechain brings Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger, enabling seamless interoperability between the two ecosystems.

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