Ripple (XRP)
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Cryptocurrency
XRP Prices Impacted by SEC Lawsuit, Q3 Report Shows; Lawyer Supporting XRP Responds
Ripple’s recent quarterly report has unveiled a growing interest in XRP as a viable investment option. This report highlights the reassurance that XRP is not classified as a security, a crucial factor that could drive its potential growth in the market. The rising interest from institutional investors is evident as prominent companies like Bitwise, Canary, and 21Shares have filed for XRP ETFs. Such moves underscore the growing appetite for assets…
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Cryptocurrency
XRP Attracts More Institutional Attention and Experiences Market Growth
Delving into Ripple’s Q3 report offers a profound understanding of the evolving dynamics in the XRP market. Released recently, this report provides a detailed examination of the market’s performance between July and September 2024. Let’s explore the key insights from this period. XRP’s Q3 Performance Overview The Q3 2024 XRP Markets Report unveils significant milestones and partnerships. Noteworthy events include the launch of the ETH ETF, growing speculation surrounding the…
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Bill Morgan Challenges SEC’s Assertions on XRP in Ongoing Appeals Dispute
XRP’s Meteoric Trading Volume Surge XRP, which currently ranks as the seventh largest cryptocurrency by market capitalization, has witnessed an impressive surge in trading volumes, spiking by over 40% in the last 24 hours. This surge is closely linked to recent developments in the ongoing Ripple-SEC lawsuit, now in the appeals stage. Last week, the SEC announced its plans to submit its principal brief for the appeals process by January…
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Cryptocurrency
Institutional Interest Rises Amid Ripple vs SEC Legal Battle!
The XRP ETF market is witnessing significant developments, as institutional interest in XRP remains robust despite ongoing legal challenges. The conflict between the US Securities and Exchange Commission (SEC) and Ripple has not deterred institutions from exploring investment opportunities in XRP. Ripple CEO, Brad Garlinghouse, recently highlighted this in a post on X, presenting the growing interest as a positive outcome for Ripple amidst regulatory hurdles. Let’s delve deeper into…
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Cryptocurrency
Ripple’s XRP Holdings Drop by 5.24% as XRP/BTC Trading Volume Increases
Ripple continues to navigate a challenging legal scenario with the United States Securities and Exchange Commission (SEC). Amidst this, its recent Q3 Report has unveiled significant network developments that have sparked conversations in the cryptocurrency sphere. Let’s explore these fascinating insights! Ripple’s XRP Holdings and Escrow Reserve The third-quarter report from Ripple has shed light on two critical aspects: XRP holdings and the escrow reserve. Ripple’s XRP holdings experienced a…
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Cryptocurrency
When Will It Reach $1?
Bitcoin Dips Below $70,000: A Detailed Overview In recent market movements, Bitcoin has experienced a dip, falling below the $70,000 mark. This represents a 1.5% decrease over the last 24 hours, following a correction from a previous high of $73,500. Analysts are observing potential bearish signals with a critical support level identified around $68,500. This could be a significant pivot point for future price movements. Ethereum’s Position in the Market…
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Cryptocurrency
21Shares Enters Competition for XRP ETF Approval
In a significant move within the cryptocurrency investment landscape, 21Shares has officially filed for an XRP exchange-traded fund (ETF) with the United States Securities and Exchange Commission (SEC). This development positions 21Shares as the third entity to submit such a proposal, following in the footsteps of Bitwise and Canary Capital. The timing of this filing is noteworthy, arriving just a week after Ripple CEO Brad Garlinghouse expressed to Bloomberg that…
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Cryptocurrency
21Shares Submits S-1 to SEC for XRP ETF, Joining Bitwise and Canary Capital in Quest for Ripple Investment Product
21Shares Files For XRP ETF Amid Rising Demand In a significant move within the cryptocurrency investment landscape, 21Shares, a prominent crypto asset management firm, has taken a decisive step by filing an S-1 registration form with the US Securities and Exchange Commission (SEC). This filing aims to establish a spot XRP Exchange Traded Fund (ETF), known as the 21Shares Core XRP Trust. By doing so, 21Shares is aligning itself with…
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Cryptocurrency
The Influence of Ripple’s Escrow on XRP Release and Market Valuations!
In the past month, XRP has witnessed a notable decline, shedding at least 13.1% of its value. Starting October with a price of $0.61175, XRP dropped to a low of $0.50877 by the end of the month, marking a significant downturn of 20.24%. This article delves into how Ripple’s strategic release of one billion XRP from escrow for November might influence market dynamics. Ripple’s Strategic November XRP Escrow Release Ripple…
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Cryptocurrency
Can XRP Overtake Bitcoin in the Near Future? Ex-Ripple Executive Believes So
In a compelling discussion on the Mr. M podcast, Matt Hamilton, a former executive at Ripple, shared his insights on the future of XRP. He posits that XRP is poised to outshine Bitcoin, potentially becoming the preeminent cryptocurrency. Reflecting on the past, Hamilton noted that XRP once held the leading position in 2018, with its market capitalization surpassing not only Bitcoin’s but also dwarfing Ethereum’s. Advantages of XRP Over Bitcoin…
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