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Showing posts with the label market dynamics

Ripple v. SEC case: The final verdict

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The longstanding Ripple v. SEC case appears to be over, per Ripple Labs Chief Executive Officer Brad Garlinghouse. After an appeal against the original 2023 ruling in Ripple’s favor that went on to proceed at a truly glacial pace, the legal battle is now over, per the CEO’s March 19 X post. This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let’s build. This is it – the moment we’ve been waiting for. The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. Let's build. pic.twitter.com/7WsD0C92Cm — Brad Garlinghouse (@bgarlinghouse) March 19, 2025 In the immediate aftermath of the announcement, XRP prices surged from $2.31 to $2.55. By press time on March 20, the digital asset’s price had receded back to $2.45, bringing year-to-date (YTD) returns to 15.61%. ...

XRP Targets Historic Breakout Against ETH—Is $10 Next?

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XRP & ETH breakout patterns suggest a potential surge that could, right now, dramatically alter cryptocurrency market dynamics. As XRP approaches a critical resistance level against Ethereum, and such resistance has been tested several times before, trading activity indicates an imminent watershed moment. The current XRP/ETH ratio stands at approximately 0.0011233, at the time of writing, with market analysts and also industry experts closely monitoring this pivotal threshold and its potential implications for investors. Also Read: Cryptocurrency: 3 Meme Coins With The Potential Reserve Asset Qualities XRP Resistance Test: How the 160% Breakout Affects Ethereum Price and Market Volatility Source: Watcher Guru Historical Precedent Points to Massive Gains XRP has been positioned at the edge of breaking through what analysts describe as the largest resistance in its trading history against Ethereum. According to market analyst Dom, this specific resistance level at 0.0012 ETH has cons...

Ripple’s 2024 sales amount to over $3 billion in XRP at current prices – What’s next?

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XRP price is melting faces with a 110% surge in the last seven days, breaking the $1.00 psychological resistance. This performance surprisingly happens amid strong 3 billion XRP selling pressure from Ripple—the token’s largest holder—in 2024 alone. Even more notable, XRP is up 123% month-to-date, just after Ripple unprecedentedly prepared its largest monthly dump in the last seven years, reserving and spending 470 million from the 1 billion XRP escrow unlock, as Finbold reported. Overall, Ripple has reserved and spent 3.046 billion XRP year-to-date, worth over $3.46 billion at current prices. Finbold has been monitoring and reporting these sales in 2024 through XRP Scan, looking at the ‘Ripple (1)’ labeled account. Picks for you Bitcoin price levels to watch as $100,000 target becomes more realistic 2 hours ago...