CTFC commissioner proposes office focused on retail crypto investors Commodity Futures Trading Commissioner (CFTC) Caroline Pham has proposed the creation of an “Office of the Retail Advocate” aimed at expanding the CFTC's consumer protection mandate. Pham referred to the office as a “voice for the people” in a speech given at an event hosted by blockchain project Corda on Sept. 27, suggesting recent events […]
Should you buy the correction in XRP as price pumps? XRP has jumped by double digits in the last one week The gains have been fueled by positive expectations of the case with the SEC The cryptocurrency is undergoing a correction after topping $0.55 In the past week, the price of Ripple’s XRP/USD has pumped by more than 36%. That happened after Ripple and SEC […]
Price analysis 9/23: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT The S&P 500 index has declined about 5% this week while the Nasdaq Composite is down more than 5.5%. Investors fear that the Federal Reserve’s aggressive rate hikes could cause an economic downturn. The yield curve between the two-year and 10-year Treasury notes, which is watched closely by analysts for predicting a recession, has inverted […]
Price analysis 9/21: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB The Federal Reserve hiked rates by 75 basis points on Sept. 21 and Fed Chair Jerome Powell projected another 125 basis points increase before the end of the year. If that happens, it will take the benchmark rate to 4.4% by the end of the year, which is sharply higher than the June estimates of […]
Here Are 3 Reasons Ripple XRP Price is Set For an Enormous Explosion XRP's price has fallen this year, as has the price of many other cryptocurrencies. The large-cap coin has dropped 52.3% since the beginning of the year, mirroring the overall declines of the cryptocurrency market, which is not surprising given its position. XRP, despite its decline, remains an appealing investment option for investors. As the year […]
XRP finally breaks out from the consolidation channel. What next? Ripple’s XRP continues to enjoy bullish drives on the SEC case Ripple partnered for the Maladroids game XRP has broken from a consolidation channel as price eyes higher levels With around a 20% weekly increase in value, Ripple’s XRP/USD is easily the top gainer cryptocurrency. Investors remain keen on Ripple’s case with the SEC, in […]
Crypto and stocks soften ahead of Fed rate hike, but XRP, ALGO and LDO look ‘interesting’ Prices remain soft across the market as traders await Federal Reserve Chair Jerome Powell’s statement on the size of the next interest rate hike. At the moment, the market consensus is a 0.75 bps rate hike and a sliver of analysts are banking on 1%. Stocks also appear en-route to close the day in the […]
CFTC commissioner visits Ripple offices as decision in SEC case looms Caroline Pham, one of five commissioners at the United States Commodity Futures Trading Commission, or CFTC, met with Ripple CEO Brad Garlinghouse ahead of a court decision which could affect how regulators handle XRP tokens. In a Monday tweet, Pham said she visited Ripple Labs’ offices as part of a “learning tour” involving crypto and […]
Why XRP remains attractive despite falling back Ripple and SEC have called for a summary judgment regarding the classification of XRP. Ripple asserts that SEC did not provide sufficient evidence. XRP has fallen back in the consolidation zone but remains attractive. There is finally some light at the end of the tunnel for Ripple’s XRP/USD case with the US SEC. In a […]
Price analysis 9/19: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB The United States equities markets and the crypto markets are likely to remain volatile in the near term because traders remain nervous about the size of the next Federal Reserve rate hike on Sept. 20 and 21. While the majority favors a 75 basis point rate hike, according to the CME FedWatch Tool, some analysts […]
XRP price risks 30% decline despite Ripple's legal win prospects XRP pricewas wobbling between profits and losses on Sep. 19 despite hopes that Ripple would eventually win its long-running legal battle against the U.S. Securities and Exchange Commission (SEC). Ripple and the SEC both agreed to expedite the lawsuit on Friday to get an answer on whether $XRP is a security or not. From the updates […]
Ripple Price Analysis: Key Rejection Near $0.4, Major Support Nearby Ripple price surged and traded close to the $0.4000 resistance against the US dollar. The price is now trading below $0.3500 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.3300 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The […]
Here is why a 0.75% Fed rate hike could be bullish for Bitcoin and altcoins The S&P 500 and the Nasdaq Composite index suffered their worst weekly performance since June as investors remain concerned that the Federal Reserve will have to continue with its aggressive monetary policy to curb inflation and that could lead to a recession in the United States. Bitcoin (BTC) remains closely correlated to the S&P 500 […]
Why XRP Price is up 7.5% to $0.3498 - Is it Time to Buy? During the European session, the XRP price is up 7.5%, bringing nostalgic price action back to the market. More than 4.3 million unique addresses now hold XRP, Ripple's native token. Despite facing its own set of difficulties and the persistent Crypto Winter that has driven several assets to multi-month lows, the XRP coin has reached […]
Price analysis 9/2: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, MATIC, SHIB Nonfarm payrolls rose by 315,000 jobs in August, down from the July increase of 526,000 jobs. The report was just below the Dow Jones estimate of 318,000 jobs and the slowest monthly gain since April 2021. The S&P 500 rose in response to the report, but later erased its gains, indicating that bears continue to […]
Price analysis 8/29: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, MATIC The United States equities markets are attempting to stabilize after the carnage on Aug. 26. On similar lines, Bitcoin (BTC) is also witnessing a see-saw battle near the psychological level of $20,000 with both the bulls and the bears vying for supremacy. Although several analysts are bearish on Bitcoin in the near term, it has […]
Shopify Not Allowed to Pause Crypto-related Lawsuit, UAE Company Parners with Binance to Accept Crypto + More News
Ripple Price Analysis: Bears Aim Test of $0.29 Ripple price started a fresh decline from the $0.3700 resistance against the US dollar. The price is now trading below $0.340 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3400 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could […]
Cryptocurrencies react to Jackson Hole, Fed rate hike plans and a weakening bear market rally The European stock markets and the United States equities markets are both deep in the red on Aug. 22 as investors fear that aggressive rate hikes may not be off the table. Another thing keeping investors nervous could be the upcoming Jackson Hole economic symposium, which is scheduled to begin on Aug. 25. Investors are […]
Ripple Price Analysis: Risk of More Downsides Below $0.325 Ripple price started a fresh decline from the $0.3900 resistance against the US dollar. The price is now trading below $0.355 and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.3780 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The […]
Hodlnaut & Swyftx Lay Off Staff, USD 9M Carried Out in eNaira, MTV's 'Best Metaverse Performance', Crypto Green and Red Regulatory Lights + More News
Ripple CTO lashes back at Vitalik Buterin for his dig on XRP David Schwartz, the chief technical officer of Ripple, didn’t take Ethereum co-founder Vitalik Buterin’s dig on XRP very kindly. In a discussion that started around the recent $30,000 limit imposed by the Ontario crypto exchange on altcoins purchases barring Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). Buterin, in a quoted response to a tweet, […]
