Polygon (MATIC) Price Surges 24% Following XRP Court Ruling, Dapps Growth, and Polygon 2.0 Upgrade Proposal
Polygon (MATIC) saw a significant price increase on July 13 due to several factors, including a positive court ruling for XRP and increased activity of Dapps on the Polygon Network. MATIC also anticipates the launch of Polygon 2.0, which could further drive up its price.
Cryptocurrency Whale Under Scrutiny for Suspicious Transactions Prior to XRP Price Surge
A cryptocurrency whale with the wallet address "0xd275" is being investigated for suspicious transactions before the recent surge in XRP's price. The whale borrowed 10 million USDT from Aave and transferred it to Bitfinex 16 hours before the price spike, then withdrew 300 WBTC worth $9.4 million from Bitfinex seven hours before the surge.
Cryptocurrency Exchanges Reopen XRP Trading After Mixed Ruling in Ripple Legal Battle
Several cryptocurrency exchanges, including Crypto.com and Kraken Pro, have resumed trading in XRP following a mixed ruling from a US federal judge in the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC). The decision has been celebrated as a victory for the sector, but uncertainty remains as the case could still go to trial or be appealed.
XRP Price Surges Over 80% After Court Ruling, Testing $0.95 Zone
Following a court ruling in favor of Ripple, XRP's price surged over 80% and broke through several resistance levels, including $0.65 and $0.80 against the US dollar. The price even reached a high of $0.9479 before correcting gains. XRP is still trading above $0.5000 and the 100-day simple moving average, with immediate resistance near $0.85 and major resistance near $1.
Ripple's Victory Against SEC Seen as Blow to "War on Crypto," But Lawyers Warn of Caution
Ripple Labs' recent court victory against the SEC has been seen as a setback for the regulator's "war on crypto," but lawyers caution that it is not a definitive win for the industry or the company. The ruling determined that XRP is not a security when sold to the general public, leading to a surge in the token's price and optimism for crypto exchanges Coinbase and Binance in their respective lawsuits.
Crypto IndexAltSignals (ASI) Crypto Index Boosted by Ripple (XRP) Victory, Falling Inflation
On Thursday, a court ruling in the SEC vs Ripple case declared that XRP was not a security, causing the token to surge by over 70% and bringing Bitcoin closer to its year-to-date high. The SEC had accused Ripple Labs of violating capital raising laws and claimed that XRP was a token, but the judge ruled that while Ripple Labs had broken some laws, XRP was not a financial security.
Crypto.com Lists XRP for US Users, Offering Trading with 20+ Fiat Currencies
Crypto.com, a leading cryptocurrency trading platform, has announced the listing of XRP on its app for US users. This new addition allows users to buy XRP with over 20 fiat currencies, including USD, EUR, and GBP.
Bitcoin Breaks US$31,000 Resistance Level Following Ripple’s Partial Victory Against SEC
Bitcoin surged past the $31,000 resistance level on Friday after Ripple Labs won a partial victory in its three-year legal battle against the US Securities and Exchange Commission (SEC). The SEC had accused Ripple of offering XRP as an unregistered security. Other top 10 non-stablecoin cryptocurrencies, including Ether, also saw significant gains.
XRP Wins Court Case and Sparks Potential Altcoin Season with 100% Intraday Move
XRP has won a court case and been declared "not a security," leading to a sudden change in sentiment towards altcoins. While the ruling only applies to the Ripple case, it could have a lasting impact on the rest of the cryptocurrency space and potentially spark an altcoin season.
XRP Victory Signals Relief in Crypto, Perfect Storm Brewing for Cryptocurrency Prices to Surge
Cryptocurrency prices are on the rise again, with Bitcoin nearing $32,000 per coin and XRP experiencing a 100% intraday rally. This sudden change could be part of a perfect storm brewing in the crypto market, leading to a dramatic recovery and new all-time highs.
Ripple (XRP) Becomes Fourth Largest Cryptocurrency After SEC Partial Victory
Following Ripple Labs' partial victory over the SEC on July 13, Ripple (XRP) has become the fourth largest cryptocurrency by market capitalization. XRP's market cap surged by $21.2 billion to reach a new yearly high of $46.1 billion, pushing it up from the 7th position.
Coinbase to Relist XRP on XRP Network After Two-Year Absence Following SEC Ruling
Coinbase has announced that it will relist XRP on the XRP network, subject to liquidity requirements being met. Trading of XRP is expected to begin later today, with Coinbase planning to launch trading on its XRP USD, XRP USDT, and XRP EUR trading pairs in stages. This decision comes after XRP was delisted from Coinbase in January 2021 due to concerns surrounding its security and regulatory status. However, a recent court ruling has clarified that XRP does not meet the definition of a security according to the SEC's guidelines, paving the way for Coinbase to reinstate trading activities for XRP. While this is a positive development for XRP users and signifies increased adoption potential, it is important to note that XRP remains a highly fluctuating form of cryptocurrency and investors should carefully consider associated risks before investing.
Attorney Deaton Says Hinman Docs Release Impacts SEC Case Against Ripple Executives
According to attorney John Deaton, the release of the Hinman documents makes it impossible for the SEC to argue that Ripple executives Brad Garlinghouse and Chris Larsen were reckless in distributing XRP.
Ripple's New Report Shows Promise for Blockchain, but XRP Struggles to Overcome Short-Term Hurdles
According to Ripple's 2023 New Value Report, over 90% of finance industry leaders believe that blockchain and digital assets will have a significant impact on business, finance, and society in the next three years.
XRP has been quietly RELISTED on Canadian exchange Bitbuy
According to @MasonVersluis , XRP has been quietly RELISTED on Canadian exchange Bitbuy.
Ripple Submits Evidence Document to UK Parliament on Benefits of XRP and Crypto Adoption
Ripple has submitted a written evidence document to the U.K. parliament discussing the potential benefits of XRP and other cryptocurrencies to the country's economic and financial standing. The document highlights the efforts at communication between Ripple and the U.K. government regarding crypto adoption and acknowledges the U.K.'s existing fintech success, infrastructure, and talent.
XRP's Price Hovers on Crucial Line Amid Potential Impact of U.S. CPI Data and LBRY Lawsuit Loss
XRP's price is currently at a critical point that will determine whether it will break out or experience a sell-off. While Bitcoin and Ethereum are experiencing gains, XRP is only up by 0.1%.
Ripple's XLS-30d Automated Market Maker Passes Security Audit by CertiK
Blockchain security firm CertiK has conducted a security audit on Ripple's XLS-30d, an automated market maker developed on top of the XRP Ledger, and confirmed its adherence to high-security standards.
XRP Influencer Invites Crypto Community to XRP Gold Coast 2024 Conference
Crypto Eri, a top XRP influencer, has announced the upcoming XRP Gold Coast 2024 Conference on Twitter, inviting the wider crypto community to attend. The conference, themed "A Wave of Innovation," will feature discussions, presentations, and workshops on the latest advancements in the XRPL and XRP ecosystem.
Ripple CTO Expects Summary Judgment Decision in SEC Case by September End
Ripple's CTO, David Schwartz, has given a possible timeline for the summary judgment decision in the ongoing SEC v. Ripple lawsuit. He expects Judge Analisa Torres to issue her decision on or before the end of September 2023, which has caused frustration within the XRP community.
