Ripple and its associated cryptocurrency, XRP, have been making significant movements in recent news. A Chinese firm filed with the SEC for a $300 million plan related to the XRP treasury reserve. Despite this, like Solana and Dogecoin, XRP has been trading lower on the week. Meanwhile, XRP won a surprising new ally pushing a potential price rally and causing traders to predict a boom due to historical price-action. However, XRP Ledger payments count fell to its lowest since October which endangered XRP's edge on Bitcoin. As the Ripple vs SEC lawsuit nears its end with a June 13 deadline, the XRP coin continues to face market challenges. On the other hand, XRP has been gaining institutional traction, with a recent surge in lending and its debut on Coinbase Futures, expanding its financial role. The Ripple CEO recently addressed the Bitcoin vs. XRP debate, emphasizing their different purposes and functionalities. Broadly, the market sentiment remains divided, with some predicting a potential crash yet others foreseeing new highs. However, utility tokens including XRP are believed to yield substantial gains in the upcoming bull run.
XRP Coin News Analytics from Mon, 28 Apr 2025 07:00:00 GMT to Wed, 04 Jun 2025 20:40:22 GMT -
Rating -2
- Innovation 2
- Information 7
- Rumor -3