Ripple CTO Demystifies Profitable Trading Strategy for Upcoming XRP Ledger Automated Market Maker (AMM)
Ripple's CTO, David Schwartz, has explained the trading strategy of Automated Market Makers (AMMs) and how they can generate profits through price volatility. He emphasized that AMMs work best when one asset in the trading pair has a fixed price while the other asset observes volatile price swings.
Top Wall Street Investment Firms Participate in Ripple's Private Roadshow for Potential IPO
Top investment firms on Wall Street participated in a private marketing event hosted by Ripple in April to generate interest in a potential IPO. The event was attended by numerous reputable institutional investment firms.
Ripple's Social Volume and Dominance Reach One-Year High Amid Ongoing SEC Case, XRP Shows Strong Bullish Trend
Ripple's social volume and dominance have hit a new high in over a year, as per Santiment's latest data. This rise in interest could be linked to the growing positivity surrounding the ongoing Ripple vs. SEC case.
Ripple's XRP Price Climbs Above $0.50 Resistance, Signaling Further Upsides
Ripple's XRP token has surpassed the $0.50 resistance level against the US Dollar and is expected to continue rising towards $0.55 or $0.565.
HSBC Recognizes Ripple's XRP Ledger as a Game Changer for Cross-Border Payments
HSBC, one of the largest banking institutions with $3 trillion in assets under management, has recognized the potential of Ripple's distributed ledger technology (DLT) for cross-border payments. The bank believes that DLT can streamline value transfers, reduce costs, operational risks, and settlement periods in the banking industry.
Massive XRP Transfer to Bitstamp Crypto Exchange Detected by WhaleAlert Amidst Bullish Run
WhaleAlert, a crypto data tracker, has reported a transfer of 21,500,000 XRP worth $11,202,095 from an unknown wallet to Bitstamp exchange. This comes at a significant time as XRP's price has been rising since May 25. The daily Relative Strength Index (RSI) suggests that XRP's price may be overheated, but it remains in positive territory, indicating an advantage to buyers. XRP is currently decoupling from major cryptocurrencies and has risen 2.16% in the last 24 hours to $0.511. Traders should keep an eye on this trend.
Ripple Unlocks 1 Billion XRP Coins from Escrow in Monthly Distribution Strategy
Ripple Labs has released 1 billion XRP coins from its escrow account in three transactions. This is part of Ripple's monthly XRP distribution strategy, which aims to maintain the stability of the asset's price. The newly released XRP coins did not have a negative impact on the price of the cryptocurrency, which is currently trading at $0.508. Ripple's On-Demand Liquidity (ODL) clients will benefit from the release, as they use XRP as a bridge currency for cross-border settlements. Meanwhile, Ripple is still in a legal battle with the United States Securities and Exchange Commission, with a summary judgment decision expected on June 14.
XRP Price Rises 1% Despite Market Fall as Traders Await Ripple-SEC Case Decision, Wall Street Memes Launches WSM Token Presale
Despite a general market decline, XRP has seen a 1% increase in the last 24 hours, reaching $0.505788, and an 11% increase in the past week. This is due to traders and analysts expecting a positive outcome in Ripple's case against the SEC. While XRP is expected to have a breakout in June, traders may want to consider diversifying into other altcoins, such as Wall Street Memes' presale token. Wall Street Memes has already raised over $1.2 million in its presale, with the current fourth stage offering WSM at a price of $0.0259, which will increase to $0.03370000 by the end of the sale.
Bitcoin and Ether Trade Flat, XRP Surges Amidst Crypto-Related Legal Developments
Bitcoin remained stable on Wednesday morning in Asia, after briefly surpassing the US$28,000 level on Tuesday night. Ether dropped below US$1,900, while other top 10 non-stablecoin cryptocurrencies traded mixed.
XRP Breaks Two-Year Downtrend, Paving the Way for a New Chapter
XRP has broken out of a two-year downtrend, which has been highlighted by chartist JD. XRP has been performing well in the past few days, while other assets have been declining.
Bitcoin Fails to Break $28K Mark, Ripple (XRP) Sees 6% Gain in 24 Hours
Bitcoin failed to surpass the $28,000 mark on Wednesday, while other popular altcoins experienced minor gains and dips. Ripple was the top gainer, with a 6% increase in just 24 hours.
XRP Network Activity Soars as Sentiment and Volume Improve
XRP has experienced a significant increase in daily active addresses and improved sentiment, volume, and MVRV Ratio. It has outperformed other altcoins by increasing over 8% in the past week and over 4% in the last 24 hours, trading at $0.5004 with a market capitalization of over $23 billion. The network activity has also surged, with the second-largest address activity day of all time, indicating a possibility of continued surge.
XRP Bulls Flip Short-Term Bias to Bullish
Ripple's XRP has seen a 5.4% gain in the past 24 hours, breaking through the $0.494 resistance level. With Bitcoin also seeing gains, XRP bulls are expected to continue their momentum and aim for the April high of $0.547.
XRP Daily Active Addresses Has Observed An Uplift Recently
The number of active addresses on the XRP blockchain has recently reached historical levels, according to on-chain data from Santiment. The "active addresses" metric tracks the number of unique addresses participating in transaction activity on the network, indicating the degree of traffic the network is experiencing. High values suggest a large number of addresses are involved in transfers, indicating market activity, while low values suggest low interest in the cryptocurrency. The recent surge in active addresses may be a bullish sign for XRP, as a similar spike in March preceded a 45% rally in the coin's price.
Ripple (XRP) Network Activity Surges 2,600% – Is $0.60 Next?
The price of Ripple (XRP) has risen by 20% since its recent low on May 11, with increased user activity on the Ripple Ledger network. XRP crossed the critical $0.50 resistance on May 30, and has been on an uptrend since rebounding from a low of $0.42. Network activity spiked by over 2,600% on May 27, putting upward pressure on XRP's price. Despite this, social sentiment remains negative, but strategic investors may interpret this as an opportunity for further gains before a potential peak.
Bitcoin and Ether Inch Up, XRP Leads Gains, Matic Sees Biggest Decline in Mixed Crypto Market
Bitcoin and Ether experienced slight gains during Tuesday afternoon trading in Hong Kong, while other top non-stablecoin cryptocurrencies had mixed results. XRP saw the biggest increase, while Polygon's Matic experienced the largest decline. XRP's rise was attributed to pro-Ripple attorney John Deaton's tweet about the SEC's case against Ripple Labs. Bitcoin's NFT sales fell, while Ethereum's rose, with Nakamigos and Bored Ape Yacht Club leading the way.
XRP Network Activity Hits Record-Breaking Levels; Mega Rally Ahead?
While most cryptocurrencies have been recovering after Memorial Day weekend, XRP has continued to gain in price and has seen a surge in address activity on its network. According to blockchain analytics firm Santiment, the XRP network has experienced its second and third-largest address activity spikes in history, which could indicate a major bullish rally for the XRP token. There has also been a mild decoupling between XRP and other altcoins, with a 4% difference emerging. XRP is currently trading at $0.5025, with a 4.62% increase in the last 24 hours and an 8.70% increase over the previous seven days.
XRP Surges 7.5% Amid Expectations of Favorable Ruling in SEC v. Ripple Legal Battle
XRP has seen a 7.5% increase in price over the past week, with a current market valuation of $25.97 billion. This is likely due to the community's anticipation of a favorable ruling in the ongoing legal battle between Ripple and the U.S. SEC. While there is no official verdict date, Ripple's CEO is confident that a decision will come within weeks. Pro-XRP lawyers speculate that the summary judgment decision will favor Ripple and XRP holders, potentially leading to the coin being listed on U.S.-based exchanges and causing its price to surge.
XRP Needs to Close Above $0.55 for Bullish Continuation, Says Analyst
XRP is aiming to reach the $0.60 price level for the first time this year, but it must close above $0.55 to have a chance. The asset is defending the $0.41 support level and recently broke above the $0.50 territory. Analyst Egrag believes XRP needs to close above $0.55 for bullish continuation and is following the "Yellow Track" to hit higher highs. Another analyst, Morecryptoonline, notes that XRP is slipping towards the resistance territory between $0.4973 and $0.5472, which represents the ideal Fibonacci resistance points for Wave 2.
Crypto Influencer Predicts XRP Could Reach $5 in the Future, Citing its History of Surpassing Ethereum in Market Cap
According to crypto podcaster and founder of Gold Squad, Mason Versluis, XRP has the potential to reach $5 in the future, as it is the only asset to have surpassed Ethereum in market cap.
