Ripple (XRP)
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Cryptocurrency
Fed’s Third Rate Cut of 2024: Can It Boost XRP and BTC Prices?
On December 18, 2024, the Federal Reserve announced a strategic move to lower the key interest rate by 25 basis points. This was the third consecutive reduction within the year, underscoring a clear trend of monetary easing aimed at stabilizing the economy. While this decision marks a significant moment, it also comes with a cautionary note about the possibility of further reductions in the coming years. Fed Cuts Rates by…
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Cryptocurrency
Fed’s Third Rate Cut of 2024: Can It Boost XRP and BTC Prices?
On December 18, 2024, a pivotal decision was made by the Federal Reserve to lower the key interest rate by 25 basis points. This marks the third consecutive reduction in 2024, signaling a strategic shift in monetary policy. Interestingly, the announcement hinted at potential further reductions in the forthcoming years, which could have significant economic implications. Fed Cuts Rates by 25 Basis Points The adjustment has officially brought the federal…
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Cryptocurrency
Ripple and SEC Set for Ultimate Clash on January 15?
Clearing Skies for Ripple: A New Era in the Legal Arena Recent developments have ushered in a wave of optimism for Ripple, potentially altering the trajectory of its ongoing legal challenges. Notably, the shift in the political landscape, with former President Trump’s vow to dismiss SEC Chair Gary Gensler coming to fruition, has caught attention. Gensler’s resignation on the day of Trump’s inauguration, January 20, has been a landmark event,…
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Cryptocurrency
Ripple and SEC Set for Final Clash on January 15?
Recent developments suggest a potential shift in Ripple’s ongoing legal battle, possibly steering the future of cryptocurrency regulation in a new direction. The unexpected resignation of SEC Chair Gary Gensler, announced for January 20, coinciding with Trump’s inauguration, has stirred significant attention. This pivotal change has positively impacted XRP, propelling it to new yearly highs. Key Events Impacting Ripple’s Trajectory Adding to the momentum, Ripple’s RLUSD was launched on December…
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Cryptocurrency
Growing Pressure on Gensler: New Letter Highlights Disparity in XRP and Ethereum Treatment, Urging IG Report Release
Empower Oversight, a nonprofit organization committed to government accountability, is fervently urging Congress to release the Securities and Exchange Commission (SEC) inspector general report concerning the actions of former SEC Chairman Jay Clayton. This report is anticipated to shed light on the activities and decisions made during his tenure. The Controversial Role of William Hinman William Hinman, who served as the director of the SEC’s Division of Corporation Finance from…
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Cryptocurrency
Increasing Pressure on Gensler to Publish IG Report Following New Letter Highlighting Disparity in XRP and Ethereum Treatment
The Call for Transparency Empower Oversight, a nonprofit organization dedicated to enhancing government accountability, has issued a strong appeal to Congress. They demand the release of an inspector general’s report from the Securities and Exchange Commission (SEC) regarding the actions of former chairman Jay Clayton. This request is rooted in concerns about potential conflicts of interest involving William Hinman, the director of the SEC’s Division of Corporation Finance from 2017…
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Cryptocurrency
Forecast for XRP Price on December 18
XRP Price Analysis: Recent Trends In a significant market move, Ripple’s XRP surged past the $2.71 mark on December 17, driven by the launch of the highly anticipated RLUSD stablecoin. This bullish momentum, however, faced resistance, causing XRP to retract to the $2.55 level. Despite this pullback, XRP finds robust support around the $2.40 mark, indicating a potential for upward movement in the near term. Support and Resistance Levels The…
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Cryptocurrency
XRP Price Forecast for December 18
Current Market Dynamics of XRP Ripple’s XRP experienced a notable surge, surpassing the $2.71 mark on December 17, following the introduction of the eagerly anticipated RLUSD stablecoin. However, after reaching this peak, XRP has retraced and is currently trading at the $2.55 level. The cryptocurrency has established a strong support zone around $2.40, indicating that the market trend is positive and poised for a potential upward movement. In the short…
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Cryptocurrency
Ripple Whales Accumulate $78M in XRP as Price Targets $4.5 Level
In the midst of the ongoing bullish market trend, XRP, the native cryptocurrency of Ripple Labs, is capturing significant attention. Its remarkable performance has not gone unnoticed, especially among major investors, commonly referred to as crypto whales. These investors are making strategic moves that are influencing XRP’s market dynamics. Ripple Whales Make Significant Purchases On December 18, 2024, a notable figure in the cryptocurrency space shared insights on X (formerly…
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Cryptocurrency
Ripple Whales Invest $78M in XRP as Price Targets $4.5
Ripple’s XRP: A Rising Star in the Crypto Market In the midst of the current bull market, XRP, the native cryptocurrency of Ripple Labs, is capturing significant attention due to its strong performance. With its recent surge, the token has become a focal point for crypto enthusiasts, especially the so-called ‘whales’ who wield considerable influence. Ripple Whales Make Significant Moves On December 18, 2024, a well-known crypto analyst shared insights…
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