Ripple Price Approaching Crucial Resistance Level at $0.85, Indicating Bullish Sentiment Among Traders
Ripple's price has surged significantly after finding support at the 100-day moving average of $0.497 and is now approaching a crucial resistance level of $0.85, indicating a positive outlook for Ripple's medium-term prospects.
HeightZero's VP of Business Development Reveals XRP as First Crypto Investment and Never Sold Since 2019
Sean Waters, the Vice President of Business Development at HeightZero, has revealed that his first foray into cryptocurrencies was with the purchase of XRP in 2019, and he has held onto it without selling since then. Waters' interest in XRP led him to Uphold, a US-based trading platform known for its favorable stance on the digital asset.
Cathie Wood remains Positive on Coinbase following Ripple's Partial Victory over SEC
Cathie Wood, CEO of ARK Investment Management, expressed her positive outlook on Coinbase following Ripple's recent legal victory against the SEC. Although the ruling did not fully favor Ripple, Wood believes it is a positive outcome for crypto exchanges. She joins other industry experts in suggesting that the ruling could set a precedent for Coinbase and Binance in their legal battles with the SEC. Despite receiving a Wells Notice and facing a lawsuit from the SEC, Coinbase's stock value has remained robust. However, investment firm Berenberg Capital Markets warns that regulation for crypto exchanges is still unresolved, and Coinbase Earn may be vulnerable to being defined as a security.
Cryptocurrency Markets Continue to Retreat, Bitcoin Slips 2% Alongside Altcoin Declines
Bitcoin and other cryptocurrencies experienced a decline in value following last week's gains, with Bitcoin falling by 2% in the past 24 hours to a low of $29,679. Ether, the second largest cryptocurrency, also saw a 2% decline to $1,880. Smaller cryptocurrencies, including Ripple's XRP, SOL, and XLM, experienced even steeper declines, with XRP falling by 5.4% and SOL and XLM shedding over 5%. LDO, the governance token of Lido Finance, was among the worst performers, plummeting by almost 12%.
XRP Surpasses Bitcoin in Trading Volume After Partial Win in SEC Lawsuit
XRP has gained some legal clarity in the long running lawsuit with the SEC, making it the only crypto to do so. XRP has surpassed Bitcoin in trading volume since the summary judgment was presented in the Ripple case, accounting for 21% of all crypto trading volume.
Polkadot Bulls Look to Overcome Potential Market Correction Amidst Bitcoin's Resilience
Polkadot (DOT) has remained strong in the market despite fluctuations, with investors maintaining their bullish position. Ripple's legal victory against the SEC has positively impacted the entire market, including altcoins like DOT.
Nearly 30% of Circulating Bitcoins May Be Lost Forever, On-Chain Data Suggests
Data from IntoTheBlock suggests that around 29% of circulating Bitcoin has remained dormant for over five years, potentially indicating that a significant portion of the 19 million mined Bitcoins may be permanently out of circulation. Glassnode also reported a 5-year high of 7,781,224.168 BTC that are either hodled or lost. Meanwhile, Bitcoin experienced a surge of 3.50% on July 13, reaching $31,641, following news that Ripple did not violate U.S. securities law by selling XRP on public crypto trading venues. However, the following day, Bitcoin fell by 4.78% to $30,133.
Ripple Legal Officer Expects US Banks to Adopt Cross-Border Payment Solution After XRP Ruling
Following the recent court ruling that XRP is not a security, Ripple's Chief Legal Officer, Stuart Alderoty, expects US banks to adopt Ripple's cross-border payment solution. Alderoty expressed confidence that American banks would return to Ripple's On-Demand Liquidity (ODL) product and plans to initiate discussions with US-based financial institutions in the next quarter of the year.
Bitcoin Drops Back to $30K, Erasing XRP-Led Gains: More Losses in July?
Bitcoin's price has dropped back to $30,000 after trimming gains led by XRP's legal win. The BTC/USD pair is following a rising channel with support near $30,200 on the 4-hour chart, and could start another increase unless there is a close below $30,000. The first major support is near the $30,200 level, with the next key support sitting near the $30,000 zone. There is a risk of a major decline if there is a close below the $29,200 support, but if the bulls remain active, there could be a fresh increase toward the $32,000 resistance.
Pro-XRP Lawyers Speculate Both SEC and Ripple Will Appeal Judge Torres' Decision in Lawsuit
Australian lawyer Bill Morgan, who supports Ripple, has predicted that both Ripple and the SEC will appeal Judge Torres' recent summary judgment ruling in the ongoing SEC v. Ripple lawsuit. Morgan's prediction is in line with that of Marc Fagel, a retired attorney specializing in SEC enforcement and securities litigation.
Charles Gasparino warns Ripple may still be liable for damages despite winning part of XRP lawsuit
The XRP lawsuit has garnered attention from industry experts and legal analysts, who are discussing the potential outcome. Fox Business Network’s Senior Correspondent, Charles Gasparino, has warned the Ripple community that the company may still be liable for damages despite the positive disposition in the Summary Judgment.
Ripple CEO Hopes Landmark SEC Ruling Will Serve as Wake-Up Call for US Congress and Benefit Entire Crypto Industry
Brad Garlinghouse, CEO of Ripple, believes that the recent ruling by Judge Torres in the legal battle between Ripple and the US SEC could have a positive impact on the entire crypto industry. He hopes that the ruling will serve as a wake-up call to US Congress for upcoming regulations.
Former Ripple Director Shares Insights on Ripple's Impact on XRP Price
Matt Hamilton, former Director of Developer Relations at Ripple, shared insights on the relationship between Ripple's holdings and the price fluctuations of XRP during a Twitter debate. While Ripple is the largest holder of XRP with 48 billion tokens, the majority of these holdings are kept in escrow contracts and only a small fraction is sold.
Ripple's Legal Victory Against SEC Could Benefit Coinbase, JPMorgan Analysts Say
Ripple emerged victorious in its legal battle against the SEC, which accused the company of selling security-like XRP tokens to investors. The recent court ruling in Ripple's favor has caused a surge of enthusiasm in the cryptocurrency industry.
XRP Sees Surge in Whale Activity During Ripple vs. SEC Case, With Significant Transaction Spikes Over $100K and $1M
The Ripple vs. SEC case caused a surge in trading volume and price for XRP, with a whale depositing over 5 million XRP on an exchange. Whale transactions on the Binance chain saw a record-high spike on July 13 and 14, with varying reactions from different XRP whales.
Shiba Inu Burns Nearly 1 Billion Tokens in Historic Week Following Legal Victory and Rebranding Efforts
In the past week, nearly 1 billion SHIB tokens were burned, with 915,371,832 tokens burned in 139 transactions. However, the daily burn rate has decreased by 91.59% in the last 24 hours, with only 1,233,806 tokens burned.
Former SEC Director Believes Ripple's Victory in XRP Case May Be Short-Lived
Ripple has won a significant victory in a recent court verdict, as the court ruled that its sales of XRP to retail investors did not constitute an offering of investment contracts. However, institutional sales of XRP were determined to be an unregistered offer and sale of investment contracts.
Crypto Industry Developments: Ripple Ruling, PancakeSwap-Google Cloud Partnership, OKX Supporting ETH Tokens, Polygon Token Upgrade, SEC Action Against Celsius
This week in the crypto industry, Ripple, PancakeSwap, OKX, and Polygon made significant advancements through new partnerships. In a major development, a judge ruled that Ripple's XRP does not fall under the definition of a security, potentially paving the way for more freedom in the sale and trade of cryptocurrencies.
Crypto Market Sees Slow Start as Bitcoin and Ethereum Face Resistance, Ripple Struggles, and Solana Corrects
The global market cap has decreased by 0.4% in the past 24 hours, leading to a slow start to today's market session. Bitcoin is trading at $30.2K with a 0.2% drop in the past 24 hours and a 57% decrease in trading volume. Ethereum is trading at $1929 with a 52% decrease in price valuation and trading volume.
Bitcoin Defends $30K as Altcoins Dip, ADA Leads the Way Down
Bitcoin briefly dropped below $30,000 before rebounding and currently sits just above that level. Altcoins such as ADA, SOL, MATIC, and DOT have all seen drops in value. Bitcoin experienced increased volatility following Ripple's victory against the SEC, which initially caused a jump in price but was followed by a retracement. Most altcoins also saw gains following the ruling, but have since experienced declines.
