Why the Legal Battle Between Ripple and SEC Has Taken So Long: Insights from Attorney John E Deaton
The Ripple vs. SEC legal battle has been ongoing for 931 days, with the community eagerly awaiting a ruling. Attorney John E Deaton, representing XRP holders, recently took to Twitter to shed light on the prolonged timeline and dispel speculations surrounding the case.
Analysts Identify XRP Buy Signal and Crucial Support/Resistance Levels for Potential Breakout
Market analysts have identified a buy signal for XRP, with crucial support and resistance levels highlighted. The TD Sequential indicator has presented a buy signal for XRP on the 3-day chart, indicating a potentially favorable opportunity for investors.
XRP's Social Dominance Increases, But On-Chain Data Suggests Recovery May Require More Than Just Social Boost
XRP's social dominance has risen, indicating a possible recovery, but further on-chain data is required for a price increase. Despite struggling to recover from a prolonged decline, emerging market trends suggest a potential turnaround for XRP.
Pro Ripple Lawyer Criticizes SEC's Regulatory Environment, Highlights Ethereum's Role in XRP Lawsuit
John Deaton, a prominent Ripple supporter and founder of Crypto-Law.US, criticized the regulatory environment provided by the US Securities and Exchange Commission (SEC) for crypto companies in a recent Twitter exchange. The XRP community, along with Attorney Bill Morgan and Deaton, expressed concerns about the delay in Judge Torres' ruling, according to CoinGape.
Bank of America Highlights Ripple's Impact on Cross-Border Payments with Blockchain
According to a report by Bank of America (BofA), Ripple is an exception to the relatively modest impact that blockchain has had on international payments systems, particularly in the Asia Pacific (APAC) region.
Wealthy XRP Investors Continue to Amass Large Amounts of XRP Despite Market Volatility
Despite the volatility of the market, on-chain data shows that wealthy XRP investors have continued to accumulate large amounts of XRP since late February. These investors have been persistently amassing more XRP tokens, with large whale investors accumulating 1.1 billion XRP tokens since late February, worth around $570 million.
XRP Price Analysis: Traders Can Look to Trade Within $0.46 Support and $0.49-$0.5 Resistance Range
The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. Short-term traders can trade within the XRP range, while those looking to build a long position can do so in the $0.46 region.
XRP's Circulating Market Cap and Price Drop in Q2, On-Chain Metrics Decline
XRP's circulating market capitalization and price both decreased by over 10% in Q2, but its year-to-date market cap remained up due to a rise in Q1. The Ripple vs. SEC lawsuit had an impact on XRP's price, with a revenue spike occurring in June. XRPL's network activity metrics declined in Q2, but the NFT ecosystem saw growth.
Messari Report Highlights XRP and XRPL Growth in Q2, Despite SEC Lawsuit Impact
Messari, an on-chain analytics firm, has released a Q2 report highlighting the growth of XRP and XRPL. XRP's circulating market cap has increased by 42.5% YTD, mostly due to its price spike in Q1. The recent price movements of XRP have been influenced by news surrounding the SEC's ongoing lawsuit with Ripple.
XRP Faces Challenges Amid Uptrend Break, Potential Price Retest, and Optimism for Ripple's SEC Lawsuit Outcome
XRP, the cryptocurrency tied to the XRP Ledger, has recovered from earlier lows but faces challenges as it falls below a crucial uptrend line. Pessimistic price predictions suggest a potential retest of the 200-Day Moving Average, but some anticipate a positive outcome if Ripple prevails in its SEC lawsuit, making XRP one of the top-performing cryptocurrencies in 2023.
Ripple's UBRI Empowers Blockchain Research at Global Universities, XRP Community Awaits Lawsuit Summary Judgement
Ripple's University Blockchain Research Initiative (UBRI) has supported blockchain and crypto research at universities worldwide for five years, committing $50 million and providing XRPL Grants for research in XRP Ledger. With over 50 university partnerships across six continents, including top blockchain programs, the XRP token holder community anticipates a Summary Judgement in Ripple's lawsuit against the SEC by the end of 2023.
Attorney Deaton Believes XRP Holders Will Get More Money from SEC Fund Than Civil Case Against Ripple
According to attorney John Deaton, XRP holders may receive more money from the SEC fund than from the civil case against Ripple. Deaton explained that if Ripple loses to the SEC, XRP holders will not receive any compensation for years, and only if Ripple loses on appeal will they be able to collect money through the civil lawsuit.
XRP Whales Add 280 Million Coins to Wallets, Retail User Activity Declines: Is a Bearish Reversal Looming?
The price of Ripple (XRP) has remained relatively stable between $0.46 and $0.48 over the past two weeks. However, on-chain data reveals that large XRP investors, known as whales, have been adding to their holdings, potentially offering bullish support.
Class Status Granted To Ripple Labs Crypto Investors In Securities Lawsuit
A US District Court has granted class status to investors in a securities lawsuit against cryptocurrency company Ripple Labs Inc. The lawsuit alleges that Ripple Labs sold XRP, a virtual token, to retail investors in violation of federal and state securities laws. The court certified two classes for federal and California state securities claims, limited to US-based investors who purchased XRP between July 3, 2017 and June 30, 2023. The ruling emphasizes the predominance of common questions and shared merit of claims within the class, and the case will proceed collectively.
XRP's Daily Burn Rate Surges, Fueling Speculation of $100 Token Value
The daily burn rate of XRP, a popular cryptocurrency, has increased significantly, leading to speculation about a potential bull rally. Crypto analyst 24HRSCRYPTO has made an optimistic prediction that XRP, currently trading below $1, could reach $100 and has provided reasons for this.
Uphold Reveals Impressive $1.056 Billion XRP Reserves, Drawing Attention from XRP Community and Digital Asset Enthusiast John Deaton
Crypto broker Uphold has released data on its reserves, revealing holdings of $1.056 billion worth of XRP. This has drawn attention from the XRP community and digital asset enthusiast John Deaton. XRP accounts for 28.5% of transactions on the Uphold platform, with XRP assets making up 59% of all assets. Uphold's report also shows that its coverage surpasses liabilities, standing at 101.3%.
Cardano's Ascending Triangle Pattern Indicates Potential Price Rally, XRP Aims for Reversal, and Pepe's Rally Fueled by Retail Investors
Cardano's ascending triangle chart pattern suggests a potential upward breakout, indicating bullish implications and attracting investor attention. The pattern forms when an asset's price creates higher lows and hits the same resistance level multiple times, signaling a battle between buyers and sellers. Despite positive on-chain metrics and bullish chart patterns, Cardano still has a long way to go to reach the scale of larger networks like Ethereum.
Kraken Emerges as Liquidity Leader Amidst SEC Enforcement Actions and Crypto Exchange Turmoil
July 4 (Cointime) - Enforcement actions by the SEC against Ripple, Binance, and Coinbase have negatively impacted the liquidity of other crypto exchanges. The CEX landscape has already faced challenges, and a new report shows a slow recovery in liquidity during Q2.
XRP Rumor Mill: SEC Denies Gensler Resignation, Shibarium's BONE Price Increase, Ripple Unlocks One Billion XRP from Escrow
July 4 (Cointime) - U.Today presents the top three news stories from the past day, including the SEC's response to rumors of Gary Gensler's resignation, the possible reasons for the recent price increase of Shiba Inu's governance token BONE, and Ripple's release of one billion XRP coins from escrow.
XRP Price Holds Strong with Gains Likely Above $0.5 as Citigroup Reconsiders Partnership with Ripple-Acquired Company
July 4 (Cointime) - XRP has gained 1.5% in the past 24 hours, trading at $0.49 with a trading volume of $886 million and a market cap of approximately $26 billion. Despite analysts predicting a retracement, XRP bulls are holding strong and the price is supported by the 50-day Exponential Moving Average and a buyer congestion area at $0.48.
