The recent developments around the cryptocurrency
XRP Coin have been quite tumultuous. Ex-Goldman Sachs analysts have reportedly called XRP and Cardano 'Cult Meme Coins'. However, one analyst suggested a potential price surge for
XRP, citing similar patterns from its 2017 rally. The
SEC has demanded a $102.6 million penalty from
Ripple, causing market unrest. Amidst these developments, a large
XRP whale offloaded 65M coins, signaling a bearish turn. Despite this, pro-XRP lawyers and prominent investors are reportedly purchasing the dip. XRP price predictions fluctuating between lows of $0.40 to highs of $10 depending on the outcome of the lawsuit with the SEC. Ripple, the company behind
XRP, recently launched a new API targeted at developers to simulate XRP payments with fake funds. Ripple also made the surprising move of launching a
USD-backed stablecoin adding another level of complexity to the XRP ledger. Meanwhile, the outcome of the ongoing SEC lawsuit has Ripple rejecting SEC settlement offers, aiming for a court victory instead, with a final verdict expected in July. Reports suggest that if the lawsuit turns in Ripple's favor, there could be a substantial boost in XRP's price, possibly even propelling it beyond $1.
XRP Coin News Analytics from Mon, 25 Mar 2024 07:00:00 GMT to Sat, 06 Jul 2024 15:21:42 GMT -
Rating -6
- Innovation 2
- Information 5
- Rumor 1
