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XRPUSD

Ripple / US Dollar

Industry

Digital Currency

Cryptocurrency Ripple / US Dollar

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XRP's price has fallen 3.44% to $0.47 over the past 24 hours, continuing its negative trend from the past week. Despite the price drop, trading volume has increased by 30% while the circulating supply has slightly decreased. XRP's market cap is currently ranked #8 at $25.97 billion.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 2:59 pm

The cryptocurrency industry is intensifying its political efforts ahead of the 2024 election, targeting both major presidential candidates. Crypto advocates are frustrated with SEC Chair Gary Gensler's regulatory approach and are seeking to influence policy. High-profile crypto executives, including those from Ripple and Coinbase, attended a fundraiser hosted by Donald Trump, who promised to support innovation if re-elected. Potential SEC chair nominees for a future Trump administration include J. Christopher Giancarlo, Heath Tarbert, Dan Gallagher, and Paul Atkins. The Biden administration faces pressure to address its perceived anti-crypto stance.

Portfolio Pulse from Khyathi Dalal

July 02, 2024 | 5:03 pm

Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler, claiming his actions could lead to President Biden's defeat in the upcoming election. This comes amid a prolonged legal battle between the SEC and Ripple over the classification of XRP as a security. Gensler also provided updates on the progress of spot Ethereum ETFs in the U.S.

Portfolio Pulse from Murtuza Merchant

June 26, 2024 | 3:39 pm

Benzinga reviewed the prospects of popular stocks and assets, highlighting bullish and bearish sentiments. Key mentions include Nvidia, GameStop, Trump Media, Apple, and Tesla. The S&P 500 and Nasdaq 100 hit record highs, while oil prices rebounded, boosting energy stocks.

Portfolio Pulse from Michael Cohen

June 22, 2024 | 12:55 pm

A California judge has advanced a civil securities lawsuit against Ripple Labs, setting the stage for a trial. The court denied part of Ripple's motion for summary judgment, focusing on allegations that Ripple's CEO violated state securities laws in 2017. The trial will examine whether Ripple CEO Brad Garlinghouse made misleading statements about the sale of securities during a 2017 interview. Ripple's Chief Legal Officer expressed satisfaction with the dismissal of all class action claims, but the individual state law claim will proceed to trial.

Portfolio Pulse from Murtuza Merchant

June 21, 2024 | 2:49 pm

Investors have increased their short positions on XRP and Cardano following a temporary price bounce due to the SEC's decision to withdraw the security probe into Ethereum. This heavy shorting could lead to significant liquidations and short squeezes, potentially driving prices up.

Portfolio Pulse from Aniket Verma

June 20, 2024 | 4:18 am

XRP's price has risen 3.51% to $0.50 in the past 24 hours, continuing a positive trend with a 1.0% gain over the past week. Despite the price increase, trading volume has fallen 14.0% over the past week. XRP's current market cap is $27.69 billion, ranking it #8.

Portfolio Pulse from Benzinga Insights

June 19, 2024 | 7:01 pm

XRP sees a significant rise in open interest, indicating bullish sentiment among investors. The resignation of SEC executive David Hirsch has fueled optimism for a favorable outcome for Ripple Labs, which is pushing for a lower fine against a $2 billion SEC settlement. Despite a recent 1.5% drop, the increase in long positions suggests a potential rally.

Portfolio Pulse from Aniket Verma

June 19, 2024 | 8:04 am

The cryptocurrency market saw significant declines for Dogecoin (DOGE), Shiba Inu (SHIB), and XRP, with DOGE and SHIB experiencing the most substantial drops. Despite the negative sentiment, analytics firm Santiment suggests this could be a buying opportunity for patient traders. Long-term holders have not shown significant changes in their positions.

Portfolio Pulse from Aniket Verma

June 18, 2024 | 3:02 am

Bloomberg ETF analyst Eric Balchunas has moved up the launch date for the highly anticipated spot Ether ETF to July 2, following light comments from the SEC on S-1 filings. This adjustment could serve as a new catalyst for market dynamics, especially in the digital asset market, which has recently seen significant outflows.

Portfolio Pulse from Murtuza Merchant

June 17, 2024 | 10:30 am

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