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XRPUSD

Ripple / US Dollar

Industry

Digital Currency

Cryptocurrency Ripple / US Dollar

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XRP's price has fallen by 3.15% in the past 24 hours to $0.47, continuing a week-long downward trend of 4.0%. Trading volume has decreased by 42.0% over the past week, and the circulating supply has slightly decreased by 0.24%. XRP's market cap is currently ranked #8 at $25.99 billion.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 7:03 pm

Coinbase CEO Brian Armstrong emphasized the need for bipartisan support for cryptocurrency regulation, highlighting the current 'untenable' regulatory situation. Armstrong's comments came during a discussion with Ark Invest CEO Cathie Wood, who noted Donald Trump's recent pro-crypto stance. Armstrong stressed the importance of clear rules and mentioned his meetings with 13 senators. The crypto industry is pooling resources to support pro-crypto candidates, with significant donations to political action committees.

Portfolio Pulse from Murtuza Merchant

June 14, 2024 | 2:23 pm

Tether co-founder William Quigley criticizes the Biden administration for allowing the SEC to take an aggressive stance towards crypto companies, particularly under Chairman Gary Gensler. He suggests that a Trump presidency might result in less aggressive regulatory actions. Quigley also projects Bitcoin could reach up to $300,000 in 2025 based on historical patterns.

Portfolio Pulse from Murtuza Merchant

June 14, 2024 | 12:33 pm

Rob Marrocco, VP at Cboe, expressed skepticism about the near-term feasibility of Solana and Ripple ETFs due to the absence of a futures market. He emphasized the need for a comprehensive regulatory framework for cryptocurrencies. The passage of the FIT21 Act could play a crucial role in shaping the future landscape of digital asset investment.

Portfolio Pulse from Murtuza Merchant

June 12, 2024 | 1:44 pm

A petition for a Shiba Inu (SHIB) spot ETF has garnered over 10,000 signatures, indicating strong demand. The petition, initiated in February on Change.org, appeals to Grayscale Investments, the largest digital asset manager and issuer of Bitcoin and upcoming Ethereum spot ETFs.

Portfolio Pulse from Aniket Verma

June 12, 2024 | 6:32 am

XRP's price has fallen 3.54% in the past 24 hours to $0.48, continuing a week-long decline of 9.0%. Trading volume has increased by 61.0% over the past week, while the circulating supply has decreased by 0.63%. XRP's market cap is currently ranked #8 at $26.72 billion.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 7:02 pm

Ripple has established a fund in Japan and South Korea to support blockchain innovation on its XRP Ledger. The fund will back corporate partnerships, developer grants, start-up investments, and community growth. This move is part of Ripple's strategy to focus on the Asia-Pacific region amid a challenging regulatory environment in the U.S.

Portfolio Pulse from Benzinga Neuro

June 11, 2024 | 8:28 am

XRP's price has dropped 6.55% in the past 24 hours to $0.49, continuing a week-long downward trend. Trading volume increased by 8.0% over the past week, while the circulating supply rose by 0.98%. XRP's market cap is currently ranked #8 at $26.99 billion.

Portfolio Pulse from Benzinga Insights

June 07, 2024 | 7:02 pm

SEC Chair Gary Gensler has indicated that the approval of spot Ether ETFs might face delays, despite recent 19b-4 filings approvals for several major asset managers. This cautious approach could impact the timeline for listing and trading these ETFs on U.S. exchanges.

Portfolio Pulse from Murtuza Merchant

June 05, 2024 | 6:00 pm

In 2024, the cryptocurrency market saw a strong recovery, with Bitcoin and Ethereum surging over 60% year-to-date. However, XRP lagged behind, falling 16% due to ongoing legal issues with the SEC, selling pressure from Ripple Labs, and the approval of Bitcoin and Ethereum spot ETFs. Experts suggest that regulatory uncertainties and negative perceptions have dampened XRP's demand.

Portfolio Pulse from Aniket Verma

June 04, 2024 | 11:37 am

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