XRP

XRP surges by over 11% to become the top-performing crypto majors

November 7, 2023 1 min read

In the last 24 hours, XRP has experienced a notable price spike, making it the top-performing crypto among the majors. XRP experienced a price increase of over 11%, which caught the attention of traders and investors. Although the price saw a slight retreat on Monday, it still managed to maintain solid upward momentum. Trading volumes also exhibited a surge, rising from $1 billion on Sunday to $2 billion, according to

US SEC and Ripple Prepare for November 9 Lawsuit

October 21, 2023 2 mins read

The ongoing XRP lawsuit saga between the U. Securities and Exchange Commission (SEC) and Ripple Labs has taken another twist, with a crucial meeting scheduled for November 9. While the charges against Ripple’s top executives have been dropped, the broader legal issues surrounding XRP remain unresolved, making this upcoming meeting a pivotal moment for the future of digital assets in the United States. The Significance of November 9 The November

XRP Surges Above $0.53 Amid Legal Clarity and Whales Activities

October 20, 2023 1 min read

XRP has managed to grab the spotlight with a surge above $0.53. This unexpected leap comes after a relatively quiet period of over 10 days and stands out in a market where most other cryptocurrencies are facing a decline. On-chain analytics platform Santiment recently published a report that points to a rapid accumulation of XRP by wallets in the 10,000 to 10 million XRP range. These are the “smart money”

XRP Sees a 9% Price Surge as Major Transfers Hit Exchanges

October 20, 2023 1 min read

According to data from Whale Alert, which closely tracks big crypto transactions, the last 24 hours saw two significant XRP transfers heading to popular exchanges: Bitso and Bitstamp. What’s interesting is that these transfers coincided with a noteworthy price jump for XRP, the cryptocurrency associated with Ripple. In the last 10 days, it was the first time XRP experienced a significant price increase, nearly 9%, while many other cryptocurrencies were

The US SEC Drops Lawsuit Against Ripple’s Executives

October 20, 2023 1 min read

The United States Securities and Exchange Commission (SEC) has dismissed its case against two of Ripple’s executives, Brad Garlinghouse and Chris Larsen. Brad Garlinghouse is the CEO, and Chris Larsen is the co-founder of the company. The SEC’s decision to drop the case against Garlinghouse and Larsen was announced in an official document. Former Federal Prosecutor James K Filan shared the excerpt from the document, which read, “the claims alleged

Ripple transfers 75 million unlocked XRP tokens

October 18, 2023 2 mins read

Recently, Ripple (XRP) conducted a transaction involving 75 million unlocked XRP tokens on October 16, originating from the 200 million tokens retained after October’s escrows. These monthly inflations of XRP are sold or utilized by Ripple during strategic market opportunities, such as during a recent surge and decline event involving Bitcoin. On the same day, Ripple used 75 million XRP tokens, and crypto news companies spread unverified and false rumors

$XRP Whales Now Control 26.8% of Supply

October 11, 2023 2 mins read

The year 2023 has brought a noticeable decline in whale activity on the XRP Ledger when compared to the vibrant scenes of 2021 and 2022. However, while the giants of the XRP seas seem to have gone quieter, a different class of marine creatures, including key shark and whale addresses, continues to accumulate the network’s native token, $XRP. This insight comes from the on-chain analytics experts at Santiment, who’ve been

Judge Rejects SEC’s Bid to Appeal Ripple (XRP) Ruling

October 5, 2023 1 min read

In a recent development in the Ripple case, the judge has turned down the SEC’s request to appeal the recent victory secured by Ripple. Judge Analisa Torres made this decision on October 3, 2023. Furthermore, the SEC’s plea for a postponement was also dismissed as unnecessary. The scheduled hearing is set to take place on April 23, 2024, starting at 9:00 AM. In the court’s pretrial scheduling order, several important

Ripple Receives Approval to Offer Services in Singapore

October 5, 2023 1 min read

Recently, the Monetary Authority of Singapore (MAS) granted Ripple a Major Payments Institution (MPI) license, allowing the company to offer comprehensive payment services in the country. This comes after Ripple received an in-principle license to provide digital payment token services earlier this year. With this new license, Ripple can now extend its services to offer crypto payment solutions for financial institutions in Singapore, a country known for its forward-thinking approach

Whales transfer millions of XRP

October 1, 2023 1 min read

An amount of XRP was swiftly moved, attracting the attention of the crypto community. According to Whale Alert, a crypto data tracking service, a total of 36.3 million XRP, equivalent to $18,775,470, was transferred from undisclosed whale wallets to Bithumb, one of South Korea’s prominent cryptocurrency exchanges. The movement of tokens to exchanges can serve various purposes, including selling, staking, or airdropping. However, the exact motive behind this large XRP

Ripple Abandons Plan to Acquire Fortress Trust But Retains Investment

September 30, 2023 1 min read

In a surprising twist of events, Ripple has decided to back out of its intended acquisition of Fortress Trust, a chartered trust company based in Nevada. This decision comes just 20 days after Ripple initially announced its plans to acquire the company. Ripple’s CEO, Brad Garlinghouse, took to Twitter to share the news. He stated that Ripple had chosen not to proceed with the full acquisition but emphasized that the

100 Million XRP Transferred to Ripple Wallet: What’s Behind the Move?

September 18, 2023 2 mins read

Recently, crypto data tracker Whale Alert reported a notable transfer of XRP, a digital asset closely associated with Ripple, to a Ripple wallet. Here’s what we know: In the past 24 hours, a substantial amount of XRP—specifically, 100 million tokens valued at nearly $50 million—has been on the move. These tokens were transferred from an unidentified wallet to one linked with Ripple, the blockchain company behind XRP. While the exact