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XRPUSD

Ripple / US Dollar

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Digital Currency

Cryptocurrency Ripple / US Dollar

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The SEC v. Ripple case ruling, which establishes that crypto tokens are not inherently securities, is seen as a pivotal moment for future U.S. crypto regulation, according to a Cantor Fitzgerald report. The ruling is expected to have significant implications for ongoing SEC lawsuits against Coinbase Global Inc and Binance. The report suggests that this ruling will safeguard domestic crypto on-ramps from regulatory crackdowns and will likely accelerate adoption and innovation across the crypto ecosystem.

Portfolio Pulse from Murtuza Merchant

July 18, 2023 | 5:56 pm

Ripple Labs' XRP token has consolidated following a 73% rally on Friday due to a favorable ruling in the Ripple-SEC case. A U.S. judge ruled that the sale of XRP tokens does not constitute investment contracts. The crypto started to consolidate mostly sideways on decreasing volume and lessening volatility, forming a series of five inside bars. The XRP chart shows a drop in its relative strength index (RSI) from about 89% to 73%. XRP has resistance above at $0.80 and $0.91 and support below at $0.69 and $0.062.

Portfolio Pulse from Melanie Schaffer

July 18, 2023 | 3:00 pm

In a recent interview on Bloomberg TV, Cathie Wood, the founder of ARK Invest, expressed her positive outlook on Coinbase (COIN) following a ruling on Ripple. She also mentioned Tesla (TSLA) as the biggest AI opportunity.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 7:58 pm

Ripple is optimistic that U.S. banks and financial institutions will adopt its XRP token for cross-border payments following a significant court ruling that the token is not necessarily a security. Ripple's general counsel, Stu Alderoty, revealed that the company plans to initiate discussions with American financial firms in Q3 about using its On-Demand Liquidity (ODL) product, which uses XRP for money transfers. The ruling partially disputes claims from the U.S. Securities and Exchange Commission against Ripple.

Portfolio Pulse from Murtuza Merchant

July 17, 2023 | 6:15 pm

The S&P 500 and other major indexes closed the week higher due to positive inflation data and strong earnings reports from major banks. Alphabet, Amazon, and Microsoft led the market optimism. Alphabet's shares climbed after the launch of its AI search engine assistant Bard in Europe and Brazil. Amazon's stock surged after its 'Prime Day' event registered a 13% jump from last year. Microsoft's shares rose after a federal judge ruled in favor of the company in a lawsuit filed by the FTC. Wells Fargo and JP Morgan Chase shares rose after beating consensus estimates in their earnings reports. Citigroup's shares dropped after announcing a 36% drop in net income for the second quarter.

Portfolio Pulse from Natan Ponieman

July 14, 2023 | 7:50 pm

The cryptocurrency XRP Token from Ripple saw a significant increase after a U.S. judge ruled that the sale of the XRP token by Ripple is not an offer of “investment contracts.” This ruling has led to various cryptocurrency platforms, such as Coinbase Global Inc, considering reinstating XRP as a tradable cryptocurrency. Despite the sharp increase, XRP still trades far off from its all-time highs.

Portfolio Pulse from Chris Katje

July 14, 2023 | 3:51 pm

XRP's price rose 64.48% to $0.78 in the past 24 hours, continuing its positive trend over the past week with a 67.0% gain. The trading volume for the coin has risen 2213.0% over the past week, diverging from the circulating supply of the coin, which has decreased 0.01%. The current market cap ranking for XRP is #4 at $40.92 billion.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 3:00 pm

Binance.US has announced that trading is now available for XRP on its platform.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 2:59 pm

Coinbase Global, Inc. (NASDAQ:COIN) shares are volatile due to increased activity in the crypto market. A U.S. judge ruled that Ripple (CRYPTO: XRP) sales do not constitute an offer of investment contracts, causing several crypto tokens to surge. Coinbase relisted Ripple on its exchange, and its shares gained over 35%. Wedbush analyst Moshe Katri maintained Coinbase with an Outperform rating and raised the COIN price target from $75 to $110.

Portfolio Pulse from Erica Kollmann

July 14, 2023 | 2:58 pm

The U.S. district court ruled that institutional sales of Ripple's (CRYPTO: XRP) token violated securities law, but it's not considered a security when sold through exchanges or programmatic sales. This ruling is seen as a major victory for the crypto industry. However, analysts caution that the rally in crypto-related stocks, including Coinbase (NASDAQ:COIN), which surged over 24% following the ruling, may not be justified.

Portfolio Pulse from Murtuza Merchant

July 14, 2023 | 2:46 pm

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