XRP Price Continues to Decline as Bitcoin and Ethereum Experience Bullish Trends
June 20 (Cointime) - XRP's price is still down by 2.1% despite bullish trends in Bitcoin and Ethereum. Ripple CEO Brad Garlinghouse is advocating for regulatory clarity in the US and criticizing the SEC's enforcement approach. XRP investors are hoping for a recovery, but the lower ascending trendline must be defended if declines continue.
XRP Sees Increased Demand and Inflows Despite Short-Term Sell Pressure and Legal Battle Uncertainty
June 20 (Cointime) - XRP saw increased demand as investors turned to altcoins, with over $1 million added to XRP positions. This was reflected in XRP's price action, which saw an 8.8% upside to $0.49.
Warning to XRP Community: Beware of Phishing Scam Targeting Token Allocation Program
June 19 (Cointime) - Jacob Canfield, a blockchain educator and advocate, has warned the XRP community about a fraudulent token allocation program scam that targets XRP owners through phishing emails. The emails, with the subject "the allocation program," claim to be from Ripple but are actually intended to drain users' XRP.
XRP Whales Accumulate Coins, Indicating Possible Price Rally to $0.60
June 19 (Cointime) - Despite the recent resurgence in the crypto market, Ripple (XRP) has struggled to surpass the $0.50 resistance level. However, on-chain data suggests that the next price rally could establish a slightly higher support level. XRP whales holding 10 million to 100 million coins have been buying up the cryptocurrency, indicating an imminent price gain. The growth in XRP's underlying network demand could lead to a potential target of $0.60 for the bullish whales, but a drop below $0.45 could invalidate this prediction.
Indonesia Includes XRP in List of 501 Tradable Cryptocurrencies, Signaling Positive Step Towards Crypto Adoption
June 19 (Cointime) - Indonesia has added XRP to its list of 501 tradable cryptocurrencies, indicating a positive move towards crypto adoption and potential use as a means of payment. The government's recently released regulatory document, titled "Supervisory Body Regulation Commodity Futures Trading Number 4 of 2023," includes an amendment to the existing Trade Controlling Agency Regulations Commodity Futures Number 11 of 2022.
XRP Records 9.1% Gains in 48 Hours, $467.40k Worth of Short Positions Liquidated
June 19 (Cointime) - The writer's opinion is presented and it is not financial, investment, trading, or other types of advice. XRP has gained 9.1% in the past 48 hours and $467.40k worth of short positions have been liquidated.
Crypto Analyst Sees XRP's Drop Below $0.50 as Attractive Buy Opportunity, Forecasts 30x Surge
Despite XRP dropping below the $0.50 psychological support, analyst Egrag sees it as a good buying opportunity, predicting a potential 30x surge. Egrag's analysis outlines four tracks in XRP's market cycle, with Track D representing the Cycle Top and the most bullish outcome.
Ripple CTO Responds to Allegations of Paying Exchanges to List XRP in SEC Case
Ripple's CTO, David Schwartz, has responded to allegations that Ripple paid six exchanges between $1 million and $5 million to list XRP. The allegations were made in recently-released court documents in the Ripple vs. SEC case. Schwartz clarified that the claims are mere allegations and provided a hypothetical scenario to explain the possible dynamics behind such allegations. He emphasized the need for a fair evaluation and cautioned against treating these allegations as facts.
XRP Investors Disappointed by Lack of Regulatory Clarity in Hinman Docs, Cardano and Polygon Show Resilience Amid Regulatory Uncertainty
June 15 (Cointime) - The release of the "Hinman docs" related to the SEC's case against Ripple Labs did not provide the expected regulatory clarity for XRP investors, leading to a brief surge in value followed by a fall. While the documents shed some light on the SEC's internal communications regarding cryptocurrencies, their practical impact on XRP's legal and regulatory status was minimal.
SEC Documents Shed Light on Ethereum's Security Status and Potential Impact on NFTs
According to Cointime news on June 14th, The SEC has released documents related to their legal battle with Ripple, which accused the company of selling unregistered securities in the form of XRP. These documents include emails and notes that provide insights into the SEC's approach to regulating the crypto industry and could have implications for the legal classification of Ethereum and Bitcoin. The documents also shed light on a speech given by former SEC director William Hinman in 2018, clarifying that Ethereum was not viewed as a security at that time. While the impact on NFTs is not directly addressed, the SEC's involvement in crypto regulation could lead to increased scrutiny and potential regulatory actions for NFTs.
