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Ripple / US Dollar

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Cryptocurrency Ripple / US Dollar

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A New York judge has ordered Ripple Labs to provide financial statements for 2022-2023 and details on institutional sales of XRP tokens, following a request by the SEC. Despite this, technical analysts and the XRP community remain bullish on XRP, with significant movements of XRP tokens and a buy signal indicated by the TD Sequential indicator on the XRP weekly chart. Analysts predict bullish momentum for altcoins in early 2024.

Portfolio Pulse from Khyathi Dalal

February 06, 2024 | 8:09 pm

Cryptocurrency influencer Lark Davis predicts Bitcoin could reach $150K in the next bull market, emphasizing the role of ETFs in bringing liquidity. He shared his exit strategy, highlighting the importance of planning and managing risk, especially with altcoins and Ethereum, which he plans to fully exit.

Portfolio Pulse from Ivan Crnogatić

February 02, 2024 | 9:17 pm

Binance CEO Richard Teng announced the freezing of $4.2 million in XRP tokens linked to a $120 million hack. The XRP Ledger developers alerted exchanges about the hack, leading to Binance's action to support Ripple's efforts in retrieving the funds. The stolen tokens originated from a wallet belonging to Ripple Labs executive chairman Chris Larsen. Blockchain investigator ZachXBT reported that 213 million XRP tokens were stolen and dispersed across various exchanges.

Portfolio Pulse from Murtuza Merchant

February 02, 2024 | 3:10 pm

Ripple's token XRP fell over 5% following rumors of a network hack involving $112.5 million. Ripple's co-founder Chris Larsen clarified that his personal XRP accounts were hacked, not the Ripple network. Exchanges have frozen the affected addresses, and law enforcement is involved. The breach was publicized by blockchain investigator ZachXBT, and the community has reacted with a mix of concern and humor. The incident led to the liquidation of $3.8 million in long positions.

Portfolio Pulse from Murtuza Merchant

January 31, 2024 | 5:44 pm

Standard Chartered predicts the SEC will approve Ethereum ETFs by May 23 and forecasts a $4k price target for Ether. The report suggests Ethereum will face less post-approval selling pressure than Bitcoin due to the Grayscale Ethereum Trust's smaller market cap proportion. The 'Dencun' upgrade, aimed at reducing transaction costs, is also expected to boost Ethereum's value.

Portfolio Pulse from Murtuza Merchant

January 31, 2024 | 4:07 pm

XRP (CRYPTO: XRP) has seen a 3.82% decrease in price over the last 24 hours, continuing a negative trend from the past week with a 1.0% loss. The trading volume for XRP has increased by 76.0%, and the circulating supply has risen by 0.23% to 54.37 billion, which is over half of its maximum supply. XRP's market cap is currently ranked #6 at $27.35 billion.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 3:00 pm

Solana's ecosystem activity has surged, with new addresses reaching 10.13 million in January 2024. This has led to a 9% increase in Solana's price over the past week and a 300.7% gain over the past year. Analysts predict further growth, with targets of $140 and $113 if it holds above $94. Trading volumes have also increased, surpassing those of other top cryptocurrencies like Dogecoin and Shiba Inu. Unibot announced a new Solana ecosystem token, UNISOL, which will generate revenue in SOL.

Portfolio Pulse from Khyathi Dalal

January 29, 2024 | 3:37 pm

XRP (CRYPTO: XRP) has seen a 4.1% increase in price over the last 24 hours, reaching $0.53, despite a 3.0% decline over the past week. The coin's all-time high is $3.40. Trading volume has decreased by 35.0%, while circulating supply has slightly increased. XRP's market cap is currently ranked #6 at $29.02 billion.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 7:00 pm

Altcoins have experienced a price drop following the approval of a spot Bitcoin ETF, with analysts viewing the correction as a buying opportunity. The altcoin market cap surged 68.9% since the filing of BlackRock's iShares Bitcoin Trust (IBIT), but Ethereum (ETH) underperformed by -17%. Bitcoin's market cap dominance increased post-FTX collapse, while altcoins' market share decreased. Top altcoins include Ethereum, Binance Coin (BNB), XRP, Dogecoin (DOGE), Cardano (ADA), and Solana (SOL). Analysts predict a potential surge for altcoins after a final high and full reversal to new lows.

Portfolio Pulse from Khyathi Dalal

January 25, 2024 | 10:22 pm

BlackRock has reportedly decided not to launch a spot XRP ETF, as reported by Fox News' Charles Gasparino. This decision comes after a ruling by Judge Analisa Torres, which did not classify XRP as an 'investment contract.' Despite this, regulatory uncertainty remains due to the ongoing SEC lawsuit against Ripple, the company behind XRP. Industry experts suggest that an XRP ETF is likely but contingent on the lawsuit's outcome. BlackRock's cautious stance reflects the need for clearer regulatory frameworks for cryptocurrencies.

Portfolio Pulse from Murtuza Merchant

January 24, 2024 | 7:59 pm

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