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The recent pullback in Solana (SOL) did bring down the price below $180, but now the price is again above it, taking support from 10MA.
Ripple’s XRP leads gains among top altcoins with a 3% surge in 24 hours, fueled by potential SEC settlement talks and political ties with the U.S. Democratic Party. Explore expert insights on XRP’s price outlook for August 2024 and the critical factors driving its performance.
Hopes for a quick resolution were shattered when negotiations broke down this week, casting uncertainty over the fate of XRP.
According to reports, Ripple (XRP) trading volumes have significantly pared, likely due to low activity from investors and traders.
Bitrue, a well-known crypto exchange, recently encouraged investors to go “all-in” on the XRP token. The crypto exchange’s post, aimed at boosting market sentiment, ironically sparked criticism from investors.
“Our industry is at the start of the next major adoption stage in which blockchain technology will deliver real utility in financial markets at scale,” said Markus Infanger, SVP, RippleX.
Ripple (XRP) is one of the few crypto tokens among the top 50 coins by market cap that hasn’t recorded any year-to-date (YTD) gain.
“By leveraging evmOS technology, we can offer developers unparalleled flexibility and customization options, enabling them to build innovative cross-chain applications that tap into the vast potential of the XRPL and the broader Interchain ecosystem,” states Jasmine Cooper, Head of DeFi Product at Ripple.
The stablecoin will debut on the XRP Ledger (XRPL) and Ethereum (ETH) blockchains, with plans to expand to additional blockchains and DeFi protocols and apps over time.