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Latest Ripple (XRP) coin news today, we cover price forecasts and today’s updates. We keep you connected with what happens NOW.

Ripple Scores New ODL Partner As XRP Bulls Target These Price Levels

Xrp whale moves $19.7 million away from binance, bullish sign.

Study: XRP More Popular In Japan Than US, But Bulls Lack Strength

XRP is the most popular cryptocurrency in Japan, according to a recent study by the City of Hong Kong University that is currently circulating on Twitter. According to the study,...

XRP Price Still Looks Bearish, But This Ripple Visa Rumor Might Change It

Despite its 17.3% year-to-date (YTD) increase, the XRP price remains in bearish territory. In the past two weeks, XRP failed to break the 200-day Exponential Moving Average (EMA) in several...

XRP Transactions Skyrocket In Australian Top Exchanges

Ripple has reached a new milestone in Australia with its native token, XRP, recording the highest trading volumes on exchanges. With this, Ripple now dominates Australian crypto exchanges as the...

Whales Move Billions Of XRP Following Price Spike

The broader cryptocurrency market has seen improvement in investor sentiment in the last weeks, and so has XRP. Even the global crypto market cap is up by 0.11%, reflecting the...

XRP Price Goes Upward With Increasing Whales Activity

XRP Price Goes Upward With Increasing Whale Activity

The crypto market is still facing a declining effect from the raging crypto winter, but XRP is faring on the daily chart. Since last year, several crypto assets have been...

Ripple CTO Advises Selling Flare (FLR) Tokens, Raises Serious Allegations

Ripple CTO David Schwartz voiced harsh criticism against the Flare Network in a series of tweets today. After more than two years following the snapshot for XRP holders, the project...

Ripple (XRP) Related Flare Network Token Airdrop: FLR dumps by 71%

In late 2020, the Flare Network attracted a lot of attention in the Ripple (XRP) community. The creators wanted to open up the DeFi space for Ripple and announced an...

Ripple XRP Whales Moves Assets As Price Dips, What’s Next?

XRP Whales Move Assets As Price Dips, What’s Next?

The crypto market is still recording the swings of the prevailing crypto winter, especially XRP. Most of the assets have not been impressive in their price movements. According to data...

XRP Price Primed For Future Rally Following Ripple’s MENA Expansion

The XRP price has rather underperformed within the last two years. While XRP has fallen 90.04% from the all-time high of $3.40 on January 6, 2018, Bitcoin (-75.76%) and Ethereum...

XRP Accumulation: Key Sharks And Whales Group Hits All-Time High Holdings

On-chain data shows a key XRP sharks and whales group has been accumulating recently, a sign that could be positive for the asset's price. XRP Whales And Sharks With 1M-10M...

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XRP Crypto Price Prediction, Value and Chart (XRP)

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About XRP (XRP)

XRP Currency Details

Official links, community discussion, research tools, xrp (xrp) frequently asked questions.

Weiss Research, an investment research firm that rates cryptocurrencies, has given XRP an overall rating of "B-", a technology and adoption rating of "B-", and a market performance rating of "C-".

The Ledger and ConsensusThe Ripple protocol is, at its core, a shared public database. This database includes a ledger, which serves to track accounts and the balances associated with them. The ledger is a distributed database — a perfect, shared record of accounts, balances, and transactions in the Ripple protocol. It is continually and automatically updated by the Ripple Transaction Protocol (RTXP) so that an identical ledger exists on thousands of servers around the world. At any time, anybody can review the ledger and see a record of all activity on the Ripple protocol. When changes are made to the ledger, computers connected to the Ripple protocol will mutually agree to the changes via a process called consensus. The Ripple protocol reaches consensus globally within seconds of a change being made. The consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized transaction settlement on the Ripple protocol. The World’s First Distributed ExchangeNo one owns or controls the Ripple protocol. It runs on computers around the world, all working together to continually maintain a perfect, shared record of accounts, balances, and transactions. Distributed networks offer many efficiencies over centralized networks. Because the network is “self-clearing”, it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are more reliable. They also tend to be more secure, due to their open source nature. (Information provided by CryptoCompare. )

XRP produces its own wallet software that is available for download on its website , which allows you to store XRP on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

One XRP (XRP) is currently worth $0.37 on major cryptocurrency exchanges. You can also exchange one XRP for 0.00001674 bitcoin(s) on major exchanges. The value (or market capitalization) of all available XRP in U.S. dollars is $19.06 billion.

The official Reddit community (subreddit) for XRP is https://reddit.com/r/ripple .

XRP (XRP) Price Chart for Sunday, March, 5, 2023

Xrp (xrp) twitter feed, xrp (xrp) reddit feed.

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Ripple’s CEO Expects a Decision on SEC Suit Over XRP This Year

(Bloomberg) -- Brad Garlinghouse said the US Securities and Exchange Commission’s suit against his crypto payments company, Ripple Labs Inc., is “going to be pivotal for the whole industry” and that he expects a decision on the case this year.

XRP Recovers from Sub-$0.36 on a Friday SEC v Ripple Filing

Key Insights:

On Friday, XRP rose by 0.02%. Following a 1.62% loss on Thursday, XRP ended the day at $0.37736. Significantly, XRP fell to sub-$0.36 for the first time since January 11 before recovering.

A bearish start to the day saw XRP tumble to an early morning low of $0.35200. XRP fell through the Major Support Levels before a late breakout to a session high of $0.38049. However, coming up short of the First Major Resistance Level (R1) at $0.3833, XRP eased back to end the day at $0.37736.

SEC v Ripple Case News Delivers XRP Price Support

After an extended silence, updates from the ongoing SEC v Ripple case delivered XRP price support on Friday.

Defense attorney James Filan shared the latest saying ,

“Ripple files Letter Regarding recent Supreme Court case that supports Ripple’s Fair Notice Defense. This opinion strongly supports the Defendants’ fair notice defense because the government’s prior guidance appears to contradict its present litigation position.”

The filing relates to February 28, 2023, Supreme Court decision in Bittner v United States. According to the filing, the Court reversed a decision “by the Fifth Circuit that had held that the Bank Secrecy Act authorized a $10,000 penalty for each foreign account that an individual failed to disclose, rather than for each report that the individual failed to file.”

Outlining the elaborated comments of presiding Justice Gorsuch, the filing gave reason for why the opinion strongly supports the Defendants’ fair notice.

Notably, the Ripple defense team went on to say,

“As in Bittner, the relevant statutory provisions provide no discussion specific to the fact of this case. As in Bittner, the government’s prior guidance appears to contradict its present litigation position.”

The Day Ahead

Further updates and commentary from the SEC v Ripple case would likely have a more material influence than other crypto events. However, a lack of updates would leave XRP in the hands of the crypto news wires.

Investors should continue monitoring Binance , FTX, and Silvergate Bank-related news, with SEC activity and US lawmaker chatter likely to remain the focal point.

While Fed Fear may have eased following recent FOMC member rhetoric, regulatory risk remains a crypto headwind.

XRP Price Action

At the time of writing, XRP was down 0.25% to $0.37642. A mixed start to the day saw XRP rise to an early high of $0.37993 before falling to a low of $0.37594.

Technical Indicators

XRP needs to avoid the $0.3700 pivot to target the First Major Resistance Level (R1) at $0.3879 and the Friday high of $0.38049. A return to $0.38 would signal a bullish session. However, the broader crypto market and SEC v Ripple chatter would need to support a breakout.

In the case of an extended rally, XRP would likely test the Second Major Resistance Level (R2) at $0.3984 and resistance at $0.40. The Third Major Resistance Level (R3) sits at $0.4269.

A fall through the pivot would bring the First Major Support Level (S1) at $0.3594 into play. However, barring another extended broad-based crypto sell-off, XRP should avoid sub-$0.3550 and the Second Major Support Level (S2) at $0.3415. The Third Major Support Level (S3) sits at $0.3130.

XRP resistance levels in play above the pivot.

The EMAs and the 4-hourly candlestick chart (below) sent a mixed signal.

At the time of writing, XRP sat below the 50-day EMA, currently at $0.37836. The 50-day EMA flattened on the 200-day EMA, while the 100-day EMA eased back from the 200-day EMA. The signals were bearish.

An XRP move through the 50-day EMA ($0.37836) would support a breakout from the 100-day and 200-day EMAs to target R1 ($0.3879) and resistance at $0.39. An XRP move through the 50-day EMA would send a bullish signal. However, failure to move through the 50-day EMA ($0.37836) would leave the Major Support Levels in play.

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Ripple, SEC make final bids for a quick win in XRP lawsuit

Illustration shows representations of cryptocurrency Ripple

(Reuters) - Ripple and the U.S. Securities and Exchange Commission accused one another of stretching the law, as they argued for a ruling on whether the XRP, the world's seventh-largest cryptocurrency, is a security.

Both sides urged U.S. District Judge Analisa Torres to rule in their favor without sending the case to trial in papers filed on Friday.

The final round of briefs seeking summary judgment brings the case closer to a ruling that could further define what digital assets are considered securities in the U.S.

The judge could grant either side a win without a trial, or decide to narrow the issues that go before a jury.

Ripple's founders created XRP in 2012. The SEC sued the San Francisco-based company and its current and former chief executives in December 2020, alleging they have been conducting a $1.3 billion unregistered securities offering since the token's creation.

Ripple argued in its brief that the SEC was seeking a ruling that XRP was an investment contract, but "without any contract, without any investor rights, and without any issuer obligations."

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"The SEC is asking the court to rewrite the statutes that define its authority," Ripple said.

The SEC said Ripple is relying on a "made up" test that ignores U.S. securities law.

The U.S. Supreme Court defined an investment contract as "an investment of money in a common enterprise with profits to come solely from the efforts of others," in the 1946 case SEC v. Howey Co.

The profit piece "is about expectations, not about commitments," the SEC said in its brief on Friday.

Ripple and its executives' statements were the type that would lead reasonable investors to expect profits from the company's efforts to develop uses for XRP, the agency argued.

Torres has accepted briefs from companies that say they rely on XRP technology and cryptocurrency industry groups, as well as a group of XRP holders who said the SEC has not shown purchasers were influenced by or aware of Ripple's statements.

The case is SEC v. Ripple Labs Inc, U.S. District Court, Southern District of New York, No. 20-CV-10832.

For the SEC: Jorge Tenreiro, Jon Daniels, Elizabeth Goody and others

For Ripple: Kellogg, Hansen, Todd, Figel, & Frederick; and Debevoise & Plimpton

Our Standards: The Thomson Reuters Trust Principles.

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Jody Godoy reports on banking and securities law. Reach her at [email protected]

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Kenneth Jones, Nadine Ezzie, Esq.

XRP Price Prediction as Ripple Lawsuit Set to Conclude in 2023 – Can XRP Reach $10 if Ripple Wins the Case?

The XRP price has risen by nearly 5% in the past 24 hours, reaching $0.425152 after a week in which Ripple CEO Brad Garlinghouse predicted that the firm's lawsuit with the SEC will end in 2023.

The altcoin's current price represents a 10% gain in a week and a 20% rise in the last 30 days, pushed upwards by the market expectation that the aforementioned case has entered its end phase.

Indeed, with all existing briefs having now been filed, it seems that XRP holders (as well as Ripple and the SEC) are mostly waiting for the judge to reach a decision. And assuming that this is a favorable one for Ripple (i.e. one that finds XRP is not a security), then XRP could rally massively, surpassing its current all-time high of $3.40 and hitting new heights.

XRP Price Prediction as Ripple Lawsuit Set to Conclude in 2023 – Can XRP Reach $10 if Ripple Wins the Case?

XRP's chart points to some positive momentum. Its relative strength index (purple) has risen very close to 70 in the past few days, an indicator that the optimism surrounding the Ripple case has injected some extra buying pressure into its market.

At the same time, XRP's 30-day moving average (red) has turned up towards its 200-day (blue), something which signals a potential breakout, especially if the shorter-term average overtakes its longer-term counterpart.

This is all happening pretty much because investors are feeling good about Ripple's prospects in its two-year case with the US securities regulator. Speaking last week, CEO Brad Garlinghouse told CNBC that he expects the case to conclude by the end of this year at the very latest, if not by the end of the first half of 2023.

"Judges take however long the judges will take,” he said, speaking at the World Economic Forum in Davos, Switzerland. “We’re optimistic that this will certainly be resolved in 2023, and maybe [in] the first half. So we’ll see how it plays out from here. But I feel very good about where we are relative to the law and the facts."

Tweeting on January 20, noted attorney and a regular commentator on the Ripple-SEC case, James K. Filan declared that "Everything is Briefed" with regards to the case and that "Now We Wait," suggesting that the main thing left to do is for the presiding judge, Judge Analisa Torres, to reach a summary judgment.

Such sentiment has buoyed expectations surrounding XRP, which has had a good week and a decent month. And if an observer were to consider previous developments in the Ripple-SEC case, they might conclude that Ripple really does have a serious chance of securing a judgment in its favor.

For instance, November saw Ripple succeed in having 14 amicus briefs – including one from Coinbase – filed on its behalf to the presiding court, with each presenting testimony and evidence in its favor. By contrast, the SEC managed to submit only one, suggesting the possibility that it struggles to find third parties to submit evidence on its behalf.

Ripple has also secured positive rulings in the past year, including t he court upholding its right to present a fair notice defense . This also includes Judge Torres granting it access to important documents and emails related to a 2018 speech given by William Hinman, with these documents potentially including evidence related to whether the SEC may have previously regarded XRP as not a security.

At the same time, other developments suggest that the SEC has a relatively weak case against Ripple. This was highlighted last week, when it charged NEXO and settled with it on the same day for selling an unregistered security (via a lending product), whereas, by contrast, it has struggled for over two years to secure a ruling against Ripple.

In recent weeks, larger investors have been accumulating XRP, likely in the expectation that it's due a big rally in the coming months, pending the resolution of the case.

In terms of actual price predictions, opinion ranges from more realistic forecasts of $1.30 (after the Ripple-SEC case ends) to longer-term targets of $10 or even higher.

This is certainly feasible in the more distant future, but it relies on Ripple winning its case and on a return to more positive macroeconomic conditions. While the cryptocurrency market has seen a little bounce over the past week or so, it still hasn't returned to wholly bullish conditions just yet, and is waiting on the global economy to make a full recovery until it begins to surge again.

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If you're looking for other high-potential crypto projects alongside XRP, we've reviewed the top 15 cryptocurrencies for 2023, as analyzed by the CryptoNews Industry Talk team. The list is updated weekly with new altcoins and ICO projects.

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

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New Twist In XRP Lawsuit; What Does Ripple’s New Supreme Court Letter Mean?

XRP Lawsuit News: Ripple labs on Friday filed a letter in the US district court supporting its motion in the long running case with the U.S. Securities and Exchange Commission (SEC) . It mentioned that a recent Supreme Court case backs its Fair Notice Defense. However, the agency previously argued that the third parties’ views stand irrelevant.

Why Ripple Filed The Letter?

The defendants asked Judge Analisa Torres to appraise the Supreme Court decision at the time of announcing the Summary Judgement in the XRP lawsuit.

Attorney John Deaton, Amicus Curiae in the Ripple Vs SEC case , stated that people speculating that the US SEC has the upper hand as Ripple is still looking to strengthen its position. However, the Supreme Court ruling in the other court came just four days ago.

He hinted that the Judge will be filing the decision in the XRP lawsuit in around 2 months and the Supreme Court ruling should be considered in the Summary Judgment as it is relevant for Ripple’s Affirmative Defense. Read More XRP News Here…

What Will Court Decide?

XRP Lawyer stated that the lack of Fair Notice violates the Due Process clause. However, the major reason behind this late submission revolves around Judge Torres’s findings. If she observes that Ripple both offered and sold XRP as a security. Then this filed Supreme Court decision will provide Ripple’s argument strength to stand.

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Deaton claimed that there is no doubt that Ripple will get the Summary Judgement in its favor. While the West Virginia EPA lawsuit is the alone basis that can guide the defendants a win here. However, the latest ruling came at the perfect time.

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XRP ( XRP ) News

XRP (XRP) is currently the #6 cryptocurrency by market cap at $9.7B USD. Trading volume for XRP over the last 24 hours is $1.1B USD. There have been 41 news stories on XRP over the last 7 days. The most common news source covering XRP is Cointelegraph and the most common news category is Project Announcements.

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Technical analysis.

Ripple allows fast and cheap transactions through its open-source protocol. The platform has its own currency XRP, and it also allows everybody to create their own currency through its platform RippleNet.

RippleNet is a network of institutional payment providers like banks that use Ripple developed solutions to provide a seamless experience to send money worldwide. The platform allows people to make payments in any currency and charges a minimal transaction commission.

XRP is a token that is used to represent the transfer of value across the Ripple Network. The main goal of XRP is to be a mediator for both fiat and cryptocurrencies exchanges.

Unlike Bitcoin or Ethereum, Ripple doesn’t have a blockchain. Ripple has its own patented technology called the Ripple Protocol consensus algorithm (RPCA). The word consensus means that every node is in agreement with all the others.

Ripple is used for low commission currency exchange, faster international transactions, and as a payment ecosystem.

Ripple Price Analysis: XRP Faces Hurdles to

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Ripple CEO Discusses Potential Outcomes of SEC Lawsuit Over XRP

Ripple’s chief executive has shared his views on possible outcomes of the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over the sale of xrp, which the regulator claims to be an unregistered securities offering.

Ripple’s CEO Discusses Implications of SEC Winning the Lawsuit

Ripple CEO Brad Garlinghouse discussed the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) over XRP earlier this month in an interview with Axios at the Collision 2022 event.

The SEC sued Ripple Labs, Garlinghouse, and co-founder Chris Larsen in December 2020, alleging that the XRP sale was an unregistered securities offering. Ripple disagreed with the SEC and has since been fighting a legal battle with the securities regulator.

During the interview, Garlinghouse was asked what would happen if he does not get a ruling in his favor and XRP is deemed a security.

The Ripple executive quickly emphasized that in that situation, XRP would only be considered a security in the United States. He clarified:

The SEC only has jurisdiction in the United States, and in some ways … How the world is operating right now is as if the case has been lost.

He added that investors cannot trade XRP in the U.S. on most platforms. Coinbase, for example, halted trading of XRP soon after the SEC filed the lawsuit against Ripple.

“If Ripple loses the case, does anything change? It’s basically just status quo. Ripple is still growing very, very quickly,” Garlinghouse said.

Garlinghouse Is Betting on Winning Against SEC

Emphasizing that he is betting that Ripple will win the case against the securities regulator, the executive affirmed:

I’m betting that because I think the facts are on our side. I’m betting that because the law is on our side.

“I think the SEC has massively overstepped and is trying to take kind of jurisdictional ownership over something that is … I think they saw this gray area they’re like ‘hey we are going to go in,'” the Ripple executive explained.

He added: “It’s frustrating it’s taking this long. There’s a lot of companies, I think, that realize how important this case is to the whole industry.”

In April, Stuart Alderoty, legal counsel at Ripple, tweeted: “It now looks like a resolution will come in 2023 — and each day that passes is hurting U.S. citizens who were essentially the victims of a rug pull by the SEC. $15B in XRP market cap was destroyed the day the suit was filed, hurting the very people the SEC purports to protect.”

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Do you think SEC will win the lawsuit against Ripple over XRP ? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Ripple News (XRP News)

Ripple network has a number of unique advantages to its credit. It not only offers real-time settlements but also supports a range of currencies, including fiat money and cryptocurrencies for transactions. Further, the ripple network supports commodity exchanges, which further add to the utility of the blockchain platform.

XRP is Ripple’s native coin and its versatility is apparent from the fact that the cryptocurrency can be used not only on its own network but also on other blockchain networks. This is because the XRP coin is based on the shared ledger, which makes it compliant with other open ledger networks.

Cross-border remittance is the most popular use case of the Ripple network. Thanks to its high speed of settlement, the Ripple network is the preferred choice of many organizations, especially among banks that use the network as their primary infrastructure settlement technology. Not only is the technology fast and reliable, but thanks to the open ledger blockchain Technology, all the stakeholders involved in the process remain assured about the safety and security of their transactions.

According to the protocol adopted by Ripple, the network has capped the total number of XRP to 100 billion. According to the protocol, creators of Ripple have reserved 20% of the total supply with them while the rest 80% had been open for sale. Ripple XRP price keeps on changing regularly and the coin is rated as the third-largest cryptocurrency in terms of market capitalization. In sum, Ripple is one of the most important players in the crypto industry and Ripple XRP news is analyzed keenly by market experts.

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Ripple Says Recent Supreme Court Ruling Weighs in its Favor in SEC Case

Ripple , the blockchain payments company, has said that a recent Supreme Court ruling in another case could work in its favor in its ongoing legal battle with the US Securities and Exchange Commission (SEC). The SEC has accused the firm of selling unregistered securities in the form of XRP, the cryptocurrency associated with the company.

The ruling has been seen by some legal experts as a positive development for Ripple’s case, as it could limit the SEC’s ability to seek monetary penalties against the company. However, it remains to be seen how the court will ultimately rule in the case, and Ripple and the SEC are still in the midst of discovery and pre-trial proceedings.

Background of the SEC vs. Ripple Case

The SEC filed a lawsuit against Ripple in December 2020, alleging that the company had conducted an unregistered security offering by selling XRP to investors. The company has vehemently denied the allegations and has argued that XRP is a currency and not a security. The case has been closely watched by the cryptocurrency industry, as a decision in favor of the SEC could have far-reaching implications for other cryptocurrencies.

The case has been closely watched by the cryptocurrency industry and could have significant implications for the regulation of digital assets. The recent Supreme Court ruling in the case of AMG Capital Management v. Federal Trade Commission, which limited the FTC’s ability to seek monetary penalties in certain cases, could have a significant impact on the SEC’s case against Ripple.

Supreme Court Ruling and Ripple’s Defense

In a recent court filing, Ripple pointed to a Supreme Court ruling in another case that it says supports its defense against the SEC’s allegations. The ruling in question, which came in the case of Liu v. SEC, limited the SEC’s ability to seek certain remedies in cases where the agency is seeking disgorgement of profits. Ripple argues that the SEC’s attempt to force the firm to disgorge the profits it made from XRP sales is outside of the agency’s authority.

Ripple also noted that the SEC has been accused of overstepping its bounds in other cases, including a recent case in which the agency was found to have exceeded its authority in seeking disgorgement. The company argues that this pattern of behavior by the SEC shows that it is willing to push the limits of its authority and that its case against the company is another example of this.

What’s Next for Ripple and the SEC?

The SEC and Ripple are scheduled to go to trial in August of this year. The outcome of the case could have significant implications for the cryptocurrency industry, particularly if the court sides with the SEC and finds that XRP is a security. Ripple has argued that such a ruling would be devastating for the industry, as it could potentially subject other cryptocurrencies to similar scrutiny.

In the meantime, Ripple has continued to expand its business, signing partnerships with banks and financial institutions around the world. The company recently announced a partnership with the National Bank of Egypt to facilitate cross-border payments, and it has also partnered with the central bank of Bhutan to develop a digital currency for the country.

The legal battle between the blockchain firm and the SEC is one of the most closely watched cases in the cryptocurrency industry, as it could have far-reaching implications for the regulation of cryptocurrencies. Ripple’s argument that a recent Supreme Court ruling supports its defense against the SEC’s allegations could be a significant development in the case, and it remains to be seen how the court will ultimately rule.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

Haseeb Shaheen

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The latest news on Ripple and XRP

By Marco Cavicchioli - 20 Oct 2022

While waiting for the SEC lawsuit to come to a conclusion, there has been some interesting news coming out lately about Ripple and XRP.

First of all, after mid-September, the market price of XRP rose 71%, and although it then fell a little now it is still 41% higher than it was on 16 September.

After the May crash, it hit a low in mid-June at about $0.30, and until 16 September it remained below $0.35. Then it surged sharply, so much so that it reached over $0.55 on 23 September, which was only a week later.

In such cases, a reversal often occurs after a large and rapid rise, but in the case of XRP this time the reversal was not particularly large. Indeed, today the price is still above $0.45, which is significantly higher than it was in mid-September, although lower than the $0.60 of early May.

While this increase was due precisely to the good news coming out of the SEC’s lawsuit against Ripple, other news came out later that may have helped keep the price level above $0.45.

Smart contracts on Ripple

The main news in recent days is that a sidechain compatible with the Ethereum Virtual Machine (EVM) has been created on XRP Ledger .

🥁Introducing the first phase of bringing an Ethereum Virtual Machine (EVM) sidechain to the #XRPLedger . EVM developers, we invite you to experiment with the functionality on Devnet and enjoy the best of Ethereum and XRPL for your #DeFi applications. https://t.co/gdBG8d5Xvl — RippleX (@RippleXDev) October 17, 2022

This news about XRP could prove to be particularly important because there are far fewer active and widely used smart contracts on its Ledger than on Ethereum.

In theory, however, XRP Ledger allows for faster and cheaper transactions, so the RippleX team is trying to convince as many Ethereum developers as possible to move their smart contracts there.

While the EVM-compatible sidechain in theory could help such a migration, it does not seem very likely that a significant number of smart contracts will be moved from Ethereum to XRP.

In fact, XRP has a limitation: it is less decentralized than Ethereum. Many of those who choose Ethereum to run their smart contracts rely precisely on its immutability and predictability, so as to minimize risks from disruption or significant changes to the underlying infrastructure.

Although many proponents of XRP claim that it is a decentralized blockchain, it is quite unlikely that developers on Ethereum will be convinced.

Ripple and XRP: the latest news on the market

It is important not to forget that of the nearly 100 billion XRP tokens in existence , more than half are still owned by Ripple, which is a private company complete with shareholders and a CEO.

Despite the fact that the company has not put many of its XRP tokens on the market in recent years, this still does not guarantee that it will not do so in the future. It also shows that Ripple’s power over XRP is still definitely high, if only at a potential level.

To be fair, even about Ethereum there are critics who argue that it is not a fully decentralized platform, but it seems at least far-fetched to say that it is not more decentralized than XRP.

Moreover, since there is always some sort of fully centralized entity hovering over XRP, which is the company Ripple, it is very difficult to imagine that Ethereum users would really appreciate a shift to XRP.

In the past, there have already been several other alternative projects to Ethereum that have tried to snatch users and developers away from it with similar initiatives, but although there are now many EVM-compatible blockchains, Ethereum remains the undisputed leader among smart contract platforms.

However, if in the future XRP Ledger were to become so decentralized that it could be equated with Ethereum in this respect, perhaps some smart contracts may migrate now that it has an EVM-compatible sidechain.

The EVM-compatible sidechain

The new sidechain was developed by Peersyst, which launched the first phase a few days ago.

A bridge between the sidechain and XRP Ledger Devnet is also planned in this first phase.

While the primary goal would seem to be precisely to migrate Solidity -based smart contracts to XRP Ledger, there are also two much more realistic secondary goals.

The first is to effectively allow Solidity to also be used to create smart contracts for XRP. Solidity is by far the most widely used programming language for smart contracts, so this could be a great benefit to the XRP ecosystem.

On the one hand, it trivially allows those already developing in Solidity to be able to develop for XRP as well, and on the other hand, it allows those who want to develop for XRP to use a language that can be used on other blockchains as well.

The second benefit, probably even greater, is that now those already developing smart contracts for Ethereum can also publish them on XRP Ledger. This, for example, makes it possible to create cross-chain bridges much more easily and immediately.

So even if few smart contracts migrate from Ethereum to XRP, XRP’s new EVM-compatible sidechain in theory could still be successful.

Ripple’s (XRP) price forecast, influenced by the latest news

It should come as no surprise, therefore, that some optimistic predictions regarding the price of XRP have come out lately.

The current news regarding Ripple and XRP does not seem sufficient to trigger a major increase in buying pressure in the markets, but this could change in the coming weeks and months.

In particular, should the impasse of the SEC’s lawsuit against Ripple really break the deadlock, a lot of volatility could be generated in the markets. For example, on 17 September all it took was an assumed shortening of the timeline to generate a +71% increase in the price of XRP in just one week.

According to some analysts, for this very reason, XRP could have interesting potential, although nothing is certain. Indeed, should the expected turnaround in the SEC lawsuit prove negative soon, the consequences could be decidedly negative. Nonetheless, some optimism has been circulating for some time in this regard, although it is not known how much can be justified.

It is worth noting that when the news came out that the SEC had sued Ripple in late 2020, the price of XRP dropped to $0.22, which is a level less than half of what it is today.

The fact is that in recent weeks, XRP’s Relative Strength Index (RSI) has fallen below the overbought level it had at the end of September, so it may be poised for another rise. However, it should be stressed that any optimism regarding XRP has to do only with market sentiment, and not with fundamentals or macro conditions.

According to a recent survey of 55 industry specialists, should Ripple win over the SEC, the price of XRP could rise to $3.8 by the end of 2025. This would be higher than even the all-time high of $3.4 touched in January 2018.

This prediction may seem far-fetched, but it should not be forgotten that during the 2021 bullrun XRP, unlike the other top 10, did not record new highs.

Since the main reason for XRP’s failure to set new all-time highs in 2021 could probably be specifically the SEC lawsuit, in the event of a positive outcome its price could unlock.

Another anomaly was that the 2021 peak was reached by XRP in April, and not in November like Bitcoin and Ethereum. So its behavior differs somewhat from that of the other major cryptocurrencies, and right now it is so affected by the ongoing lawsuit that in its absence it could completely change its market performance.

Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".

The Cryptonomist Italia

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XRP Price Prediction – Is XRP Set To Explode in 2023?

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Despite recent Ripple network developments, the Ripple XRP coin has been flashing red and has remained well-offered around the 0.3366 level. XRP has been under heavy selling pressure as a result of the recent drop in the cryptocurrency market and the long-awaited decision in the Ripple v. SEC lawsuit.

The price of Ripple’s native coin has dropped by 30% in the last two months.

$XRP NEW ARTICLE : XRP Bears to Target Sub-$0.33 on US Stats and SEC v Ripple Uncertainty https://t.co/XhdFpo4YN3 Get all the latest $XRP.X related news here : https://t.co/ApK8ksA3Lf pic.twitter.com/P1zTAJUPIF — STCK.PRO (@StckPro) January 6, 2023

Although the declines seem to be fading, the price of XRP has rebounded a little because the crypto whales have accumulated a substantial amount of XRP due to the Ripple v. SEC litigation’s upcoming positive outcome.

Thereby, the price of XRP will rise sharply amid the significant increase in buying volume. Meanwhile, the long-awaited decision in the Ripple v. SEC lawsuit is expected to be made, which might be the biggest factor driving up the price.

In contrast to this, the price of XRP is expected to be volatile in the short term due to a few circumstances that could influence the entire cryptocurrency market.

At that time, the token has been able to hold above the substantial support levels but has been unable to consistently conquer the critical resistance. The current XRP price is $0.33, and the 24-hour trading volume is $693 million. In the last 24 hours, XRP has dropped 1.65%. XRP is now ranked #6 in the market, with a live market cap of $17 billion.

Ripple’s XRP Listing

As previously stated, the US SEC’s continuing lawsuit against Ripple has hindered the growth of its native coin. This occurred after the US watchdog’s forced many cryptocurrency exchanges to remove XRP from their listings. As in result, XRP has been facing significant selling pressure. Thereby, the price of Ripple’s native coin has decreased dramatically by 30% in the past two months.

? #BitMart will list Ripple (XRP) on our digital assets platform on January 5, 2023. The following trading pair will be available: XRP/USDT. ?Deposit feature: 01/05/2023 7:00 AM (UTC) ?Trade feature: 01/05/2023 8:00 AM (UTC) ?Details: https://t.co/IqhB1lm52J pic.twitter.com/rjx9nEFD0d — BitMart.Exchange (@BitMartExchange) January 5, 2023

Although XRP declines appear to be receding as a result of BitMart, the largest cryptocurrency exchange, decision to offer the XRP token. BitMart has announced the listing of Ripple’s XRP (XRP/USDT) on its platform. The deposit option will be available beginning January 5, 2023.

XRP Lawsuit

XRP investors are interested in what the future holds for cryptocurrency, which is now placed sixth in terms of market capitalization. The continuing legal conflict between Ripple and the Securities and Exchange Commission is one of the most important elements that might have a big impact on its performance.

#XRP #Ripple Wins the lawsuit this year! 2023 Bull Market ? Starts ? LFG ? No Yes Yes ? ? ? — thewallstreetbull? (@thewallstbulloz) December 31, 2022

It is worth remembering that the SEC filed a complaint against Ripple Labs on the basis that it had allegedly issued unregistered securities in the form of XRP currencies. Both parties have filed their final arguments in the three-year-old case, which is still awaiting a decision.

However, the long-awaited decision in the Ripple vs. SEC lawsuit is anticipated to be delivered, and this might be the main driver of the price increase.

If the US SEC wins this action, it can have extremely negative effects on XRP. In particular, the regulatory body has the authority to fine Ripple Labs and force the business to register XRP as a security.

If Ripple is successful in refuting the SEC’s claims, it can be viewed as a huge victory for the company and a positive perception of XRP. However, the outcome of the litigation is still uncertain, even though Ripple had some success throughout the hearings, which is something that must be kept in mind.

#Crypto influencer Ben Armstrong, aka @Bitboy_Crypto , believes @Ripple SEC lawsuit will end this year https://t.co/ySnYYD9a1Z #XRP #XRPthestandard #XRPCommunity #XRPArmy #XRPLCommunity #cryptonews #news #NewsUpdate #cryptocurrency #XRPL pic.twitter.com/tFf4lUFOb1 — XRPToday (@XRP_Today_) January 2, 2023

It is also worth noting that the application to seal portions of the parties’ summary judgment materials in the XRP dispute was made by MoneyGram International Inc., a cross-border payments company, and other parties. However, Ripple, other defendants, and the US SEC have fully detailed the motions for summary judgment, including the oppositions and replies.

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Ripple (XRP) has rapidly slid to second place in the CoinMarketCap global cryptocurrency ranking. News about it is incredibly important for the digital industry. We offer the most complete and fresh latest news for the Ripple XRP today, including analysis of prices and market conditions, the forecast of the token's price movement and the mood of the community and founders.

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Eth $1,568.55 (-0.05%), bnb $290.50 (+0.31%), xrp $0.37 (-1.12%), sc $0.0039 (-6.70%), #relistxrp : xrp is listed & available on uphold exchange, author: sohrab khawas mar 2, 2023 12:08.

Sohrab Khawas

Many cryptocurrency exchanges have suspended or delisted XRP due to a lawsuit filed by the US Securities and Exchange Commission (SEC) against its issuer, Ripple Labs. However, there is still hope for XRP holders, as the cryptocurrency is available for trading on the Uphold exchange.

XRP is a digital asset created by Ripple Labs that facilitates cross-border payments. The SEC filed a lawsuit against Ripple Labs in December 2020, claiming that the company sold XRP as unregistered securities worth $1.3 billion to retail investors without proper disclosures.

Many exchanges, such as Coinbase, Kraken, and Bitstamp, have suspended or delisted XRP for their US customers due to the SEC lawsuit. Some have also delisted XRP from their global platforms. The delisting of XRP by major exchanges has undoubtedly affected its liquidity and value, with XRP’s price dropping from $0.65 to $0.37 in the days following the delistings.

XRP is Available on Uphold

Uphold is one of the few exchanges that have decided to continue supporting XRP trading despite the SEC lawsuit. Uphold offers XRP trading against fiat currencies such as USD, EUR, RUB, TRY, JPY, and stablecoins such as USDT, USDC, BUSD, USDG, and DAI. Uphold’s decision to continue XRP trading is a significant development for XRP holders, as it offers them a platform to trade their assets and potentially recover some of their losses.

#relistXRP ? #XRP is listed & available NOW on Uphold 😎 pic.twitter.com/fZeKJIS8sO — Uphold (@UpholdInc) March 1, 2023

Possible Ripple Settlement and Implications for Cryptocurrencies

John Deaton, a pro-XRP lawyer, has proposed a settlement where Ripple would pay $100-250 million if the SEC agrees that ongoing and future sales of XRP are not classified as securities. However, Ripple’s general counsel, Stuart Alderoty, has expressed confidence in the company’s case and stated that the SEC has minimal chances of winning at the Supreme Court.

If Ripple wins the lawsuit, it could set a precedent for how digital assets are regulated and classified in the US. On the other hand, if it loses the lawsuit, it could be a major blow to the cryptocurrency industry in the US as it could lead to increased regulation and potentially even more delistings.

Uphold’s decision to continue supporting XRP trading offers a glimmer of hope for XRP holders in the wake of the delistings. The outcome of the SEC vs. Ripple lawsuit remains uncertain, but it is a crucial case that could have significant implications for the cryptocurrency industry in the US and beyond..

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