XRP

This week, the cryptocurrency market experienced a bullish trend, with assets such as Bitcoin and Ethereum witnessing a significant price increase. However, ...

Yet, the cryptocurrency faces an important resistance region consisting of the $0.44 level and the prior major swing at $0.4330. Additionally, the price has formed a descending wedge pattern, highlighted by yellow trendlines. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. However, XRP is currently showing signs of strength as it has surpassed a significant resistance level. If XRP successfully surpasses this resistance region, an impulsive rally toward higher price levels will be imminent. However, Ripple was an exception as it continued consolidating without any clear direction.

Ripple Labs' native token XRP (XRP-USD) gained over 30% on Tuesday as investors appeared confident of a win for the cryptocurrency space ahead of a landmark ...

"Despite external pressure being applied by U.S. The judge had slammed regulators for not agreeing on whether cryptos are commodities or securities. If the court rules that it is indeed a security, that would mean all cryptos would be under the SEC's oversight, which is widely seen as negative for the sector.

What Is Driving XRP's Bullish Trend? The XRP Ledger (XRPL), a decentralized blockchain technology supported by the fintech company Ripple, has played a key role ...

The resulting increase in demand could lead to a rise in the price of XRP. Overall, XRP’s recent uptrend can be attributed to increasing institutional adoption, positive regulatory developments, and positive market sentiment, positioning XRP on the verge of achieving a milestone. Per the report, the increased participation of validators in the network ensures its security and efficiency. Validators responsible for proposing and voting on transactions must hold a specific amount of XRP to participate in the consensus process. This algorithm validates transactions and ensures the network’s security, making it a crucial component of the XRPL’s infrastructure. This wider adoption could be driving up demand for the token as more institutions and individuals are using the XRPL for cross-currency transactions and other use cases.

The Securities and Exchange Commission's case against Ripple over the XRP token will establish a critical precedent.

Under the test, an investment contract (in this context, a security) is defined as “an investment of money, in a common enterprise, with a reasonable expectation of profits, to be derived from the efforts of others.” If the court rules that XRP is a security, it would follow that almost all other crypto tokens are too, making them subject to the SEC’s supervision. In bringing the charges, the SEC has staked a claim to jurisdiction over cryptocurrency.

XRP is the biggest gainer today, rocketing by more than 10%. XRP/USD chart by TradingView. The price of XRP has started a sharp rise after the breakout of the ...

Such a scenario is relevant until the end of the week. The price of XRP has started a sharp rise after the breakout of the local resistance at $0.3981. There are low chances of seeing ongoing growth from the current levels as buyers need more time to accumulate power.

Ripple price has been on an uptrend since Monday, drawing steam from the Bitcoin price action. XRP market cap has soared 25%, marking a new yearly hig.

Suddenly, the king crypto is showing massive strength compared to the rest of the financial world. On March 16, the Arbitrum Foundation developers announced the launch of the Arbitrum Decentralized Autonomous Organization (DAO) and its native governance token ARB. Shiba Inu price has been trading with a bullish bias since March 10 as interest for the meme token increased among community members. Since then, the creditors of the platform have been attempting to regain their investments, with the court finally providing them with a potential solution. The author makes no representations as to the accuracy, completeness, or suitability of this information. Hours after the post, the Federal Reserve (Fed) said it had established a funding program of $25 billion to assist banks with liquidity during times of financial stress, cauterizing the situation for Ripple and many others. [reported](https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-narratives-remain-powerful-in-driving-crypto-prices-202303212106) earlier, several forces are driving the latest bull run for Ripple price. This came after the collapse of Silicon Valley Bank (SVB), to which Ripple had exposure. We believe in the power of [#blockchain]to create positive change. Ripple had some exposure to SVB – it was a banking partner, and held some of our cash balance. Additionally, as users continue to discover the potential of XRPL in revolutionizing the global financial system, investor interest in XRP could spike, fueling more growth. As a result, the XRP market capitalization has also skyrocketed 25%, rising from $20 billion to $25 billion, a new yearly high that solidifies its position among the crypto top six.

Sharp recovery coincides with XRP bottoming out on its BTC chart.

[Eleanor Terrett](https://twitter.com/EleanorTerrett/status/1637900203515600899) predicts three outcomes for summary judgment in the Ripple-SEC case. This implies that XRP could continue to gain strength against Bitcoin in the coming days. After weeks of underperformance, XRP suddenly gained strength in its Bitcoin pairing after reaching lows of $0.0000134 on March 20. In the last few hours, He believes that Judge Torres will rule that no reasonable jury could conclude that the two executives were reckless in not knowing XRP was a security when the SEC itself did not. XRP is outperforming Bitcoin and Ethereum in daily gains, as these are up 0.62% and 2.87%, respectively.

South Korean cryptocurrency exchange Upbit is the driving force behind the largest chunk of trading volume, commanding a 19.05% share. Other major exchanges ...

[would be resolved](https://u.today/sec-v-ripple-xrp-lawsuit-to-be-resolved-this-year-ceo-says)in the first half of the year. [cited](https://u.today/ripple-says-supreme-court-case-favors-its-fair-notice-defense) the Supreme Court verdict in Bittner v. The wider cryptocurrency industry that remains in limbo due to the lack of regulatory clarity.

The cryptocurrency XRP, produced by Ripple Labs, has been the subject of ongoing legal action by the Securities and Exchange Commission (SEC), ...

In conclusion, there still needs to be a consensus regarding whether XRP is a currency or a security. The value of XRP is independent of the success or failure of the company that issued it, in contrast to conventional securities. This suggests that XRP has a value that exceeds the potential for its price to rise. This suggests that XRP is sold as something other than speculation but as a utility token. Deaton thinks XRP is more like a commodity or currency than a security. However, a lawyer who supports Ripple has presented a compelling argument in favour of not classifying XRP and several other tokens as securities.

One of the biggest crypto exchanges in the United States, Coinbase (NASDAQ:COIN), may soon relist Ripple (XRP) on their platform after delisting the remittance ...

On the other hand, a victory for XRP bulls will elevate the crypto’s price to $0.4891 in the next 24 hours. Similar to the 4-hour chart, XRP’s price soared comfortably across the 9 and 20 EMA lines on the daily chart. A key confirmation of this bearish thesis will be if XRP’s price closes below the aforementioned support level that it is currently resting on in the next 12 hours. Should the interest rate be hiked by anything more than 25 basis points then the price of XRP will drop. This suggests that XRP’s price is currently in a bullish cycle. Since then, the remittance token’s price has retraced to rest on the support level at $0.4567 at press time. As a result, the price of XRP is up by 24.10% in the last 7 days at press time. After crossing above the 9 and 20 EMA lines, XRP’s price entered into a 4-candle sequence which saw its price rise from a low of $0.3830 to a high of $0.4790 yesterday evening. One key event that will take place tomorrow is the Fed’s interest rate announcement. XRP’s price performed a dramatic turnaround prior to it reaching the demand zone between $0.3592 and $0.3655 yesterday. Coinbase had delisted XRP in January 2021 shortly after the SEC filed a case with Ripple Labs. The token used for the cryptocurrency is premined and utilizes the ticker symbol XRP.

Ripple rallied above the $0.400 and $0.450 resistance levels against the US Dollar. XRP price is up over 25% and there could be more upsides in the near ...

The next key resistance is near the $0.500 level. The first major resistance is near the $0.4950 level. The next major support is near $0.432. If there is a downside break and close below the $0.432 level, xrp price could extend losses. On the upside, an initial resistance is near the $0.4700 zone. Besides, there was a break above a contracting triangle with resistance near $0.3980 on the 4-hours chart of the XRP/USD pair. If ripple fails to clear the $0.495 resistance zone, it could continue to move down. It is now trading above $0.45 and the 100 simple moving average (4-hours). XRP price is up over 25% and there could be more upsides in the near term. However, the bulls are active above the $0.450 level. This past week, ripple’s XRP formed a base above the $0.350 zone against the US Dollar. A successful break above the $0.500 resistance might send the price towards the $0.525 resistance.

Ripple, one of the largest altcoins by market capitalization, witnessed a massive run up to the $0.49, ahead of the US Federal Reserve's rate hike dec.

Suddenly, the king crypto is showing massive strength compared to the rest of the financial world. On March 16, the Arbitrum Foundation developers announced the launch of the Arbitrum Decentralized Autonomous Organization (DAO) and its native governance token ARB. Shiba Inu price has been trading with a bullish bias since March 10 as interest for the meme token increased among community members. The author makes no representations as to the accuracy, completeness, or suitability of this information. Economists expect the central bank to increase its target rate range to 4.75% -5%. The altcoin’s price surge is riding the wave of recent banking crisis and anticipation of a quarter point interest rate hike by the US Federal Reserve. The author has not received compensation for writing this article, other than from FXStreet. XRP price kickstarted a solo rally attempting to hit the bullish target of $0.50, falling short and hitting a high of $0.49. The author will not be held responsible for information that is found at the end of links posted on this page. The altcoin is changing hands at $0.4566 on Binance at press time. There is immediate support for the altcoin at $0.4678 and $0.4517. Ripple, one of the largest altcoins by market capitalization, witnessed a massive run up to the $0.49, ahead of the US Federal Reserve’s rate hike decision.

XRP tokens have jumped 20% in the past 24 hours as Ripple defendants heralded a positive view in its ongoing case with the U.S. Securities and Exchange ...

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [ Consensus 2023](https://consensus.coindesk.com/), CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. [strict set of editorial policies](/ethics/). [made a new filing](https://www.foxbusiness.com/markets/sec-versus-ripple-verdict-pivotal-time-crypto-industry) in support of their fair notice defense. Any progression in the case causes XRP price movement, however. XRP traded at 45 cents on Wednesday, seeing trading volumes of over $5 billion amid interest from traders.

The price of XRP has broken away from the general cryptocurrency market, with the token finding renewed bullish catalysts.

[technical analysis](https://finbold.com/guide/technical-analysis/) retrieved from TradingView. XRP’s newfound momentum has resulted in the token reclaiming a new [resistance](https://finbold.com/guide/support-and-resistance/) position. However, [oscillators](https://finbold.com/guide/stochastic-oscillator-definition/) remain neutral at 8. This followed the collapse of This follows a series of positive developments in favor of the Wiles of the U.S.

Is now a good time to buy Ripple XRP or should you put this coin on "pause" and opt for another one? Let's check that.

Analytics Insight and the team is not accountable for the investment views provided in the article. The best metaverse crypto for 2023, RobotEra’s TARO coin, is predicted to have a bright year and huge gains. Disclaimer: The information provided in this article is solely the author/advertisers’ opinion and not an investment advice – it is provided for educational purposes only. Investing in this crypto brings benefits both for the individual and for the entire planet. Metropoly will build the first NFT marketplace for investing in real estate and will give users the chance to start their investment with only $100, without any credit loans, advances, or mortgages. When you think of the best investment, owning real estate is surely the first thing that comes to your mind. But everyone is wondering, how will XRP develop by the end of the year, and is it possible that this coin will soon reach the value of $1? Hurry up and take advantage of the last moments to buy LHINU tokens at the price of 0.000085 USDT. And the biggest plus of all: it motivates users by rewarding them for every physical activity. The viral Love Hate Inu (LHINU) will definitely have a more successful year than Ripple XRP, considering the user interest in this best vote-2-earn meme coin. As you can see, XRP is not going to explode in price, but luckily, the crypto world offers us several other high-potential coins. Some investors are expecting a significant increase in the value of Ripple XRP coin in the coming months, given that there have been several huge XRP coin transactions recently.

The SEC accuses Ripple of breaching U.S. securities laws by selling XRP without first registering it as a security. Ripple contests the SEC's allegations, ...

In an interview with CNBC in February after a crackdown on the crypto exchange Kraken, SEC Chair Gary Gensler said, "There's a handful of tokens that have actually registered. Ripple and the SEC have now both submitted their final round of briefs seeking a summary judgment to the case. Europe is more advanced in its treatment of crypto, she argued, highlighting the bloc's Markets in Crypto Assets regulation as an example. Ripple contests the SEC's allegations, maintaining the view that XRP should be considered a digital currency rather than a security. [Ether](/quotes/ETH.CM=/), the second-biggest token, has risen 50% year-to-date. Traders pointed to a supplemental notice submitted by Ripple on Monday which pointed to a ruling in a separate case concerning Binance.US' rescue plan for collapsed crypto lender Voyager Digital. unit was to buy all of Voyager's assets, including its native VGX token, in a $1.3 billion deal. - The SEC accuses Ripple of breaching U.S. securities laws by selling XRP without first registering it as a security. The token was worth around 45 cents at about 8 a.m. ET, according to data from CoinGecko, up over 11% in the last 24 hours. - Monica Long, president of Ripple, told CNBC Wednesday she is "very hopeful" about achieving a positive resolution to the SEC case, with an outcome expected "sometime this year."

As XRP price made sudden jump, massive XRP transfers have been made, one of them initiated by Ripple fintech giant.

The other transaction mentioned by Whale Alert was the transfer of 130,000,000 XRP. Quite possibly, the fintech giant intends to sell all of this XRP or part of this large amount of crypto. This makes the transferred amount 250 million XRP in total.

The price of XRP has diverged significantly from that of the overall crypto market, finding further positive triggers from the SEC lawsuit.

[tweeted](https://twitter.com/FilanLaw/status/1637882356508794884) a copy of a court document that appears to show the defendants attempted to bolster their fair notice defense by citing a different case in which U.S. Using CoinCodex’s [technical analysis](https://finbold.com/guide/technical-analysis/) indicators, Finbold was able to get a price prediction for the price of XRP on Easter Sunday, 2023. This, in turn, makes it hard for market players to know what they need to do to stay in compliance with the law. That comes after a string of favorable events for the blockchain firm leading up to the summary decision. In comparison, the machine learning algorithm-based crypto tracking platform PricePredictions is another tool that offers a glimpse of the token’s price trajectory. The price that is anticipated to be achieved is $0.509, even though it is due to drop a month from now, on April 21, to trade at $0.444.

The cryptocurrency market cap rose by 2% today, with major altcoin ripple roaring past bitcoin in terms of daily gains, as investors await a verdict in the ...