[NEWS BLOG] Ripple (XRP) Price Predictions: Where Does Red-Hot XRP Go Next?
Today, Ripple (CCC:XRP-USD) is seeing impressive performance relative to its cryptocurrency peers. Indeed, XRP is up more than 35% at the time of writing as Ripple (XRP) price predictions continue to drive bullish sentiment among crypto investors in this alt coin.
In general, crypto investors are seeing broadly bullish sentiment take hold today. That said, alt coins such as XRP are outperforming, for various reasons.
Ripple, and its cryptocurrency XRP, have been entangled in a messy legal battle with the SEC of late. However, in March, sources indicated that the judge overseeing the SEC case against Ripple made some pretty bullish comments for XRP holders. In the battle to determine whether XRP is a currency or a security, it appears the judge is viewing XRP’s value as one which is derived from its currency-like attributes as well as its utility, which separates XRP from other leading cryptocurrency options like Bitcoin (CCC:BTC-USD) and Ether (CCC:ETH-USD).
For XRP holders, that’s extremely good news. Indeed, the rise in XRP’s price of late has eclipsed the cryptocurrency’s losses stemming from the initial lawsuit. Today, XRP is gaining as alt coin investors pile into the world’s seventh-largest cryptocurrency.
Posted Date: 2021-04-06
Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – May 4th, 2021
slipped by 0.59% on Monday. Following on from a 5.72% slide on Sunday, Ripple’s XRP ended the day at $1.55255.
A bullish start to the day saw Ripple’s XRP rise an early morning intraday high $1.62204 before hitting reverse.
Falling short of the first major resistance level at $1.6379, Ripple’s XRP slid to an early afternoon intraday low $1.50399.
The sell-off saw Ripple’s XRP fall through the 23.6% FIB of $1.5426
Finding support at the first major support level at $1.5064, Ripple’s XRP broke back through the 23.6% FIB to revisit $1.58 levels before easing back.
At the - read more.
Posted Date: 2021-05-04
Here’s why Bitcoin traders say a drop to $38K is the worst case scenario
BTC’s drop to $42,230 sent a key sentiment indicator to an “extreme” low, but top traders are confident that a bounce off $38,000 would confirm the bottom.
The fallout from the Federal Reserve's recent hawkish commentsread more.
Posted Date: 2022-01-07
Bank of Canada: Crypto Needs to Be Regulated Before it Gets Too Big (Report)
The recent price plunge of cryptocurrencies has alarmed global authorities about the risk in some projects – like Terra’s ecosystem. In the context that regulatory overhauls targeting the industry may be around the corner, the Central Bank of Canada also voiced the urgency of imposing such rules before the sector has become so big that it could bring down the overall financial market at one point.
Carolyn Rogers – Bank of Canada Senior Deputy Governor – said in an interview with Reuters that regulating the industry has become increasingly pressing - read more.
Posted Date: 2022-06-12