Following the ruling, XRP’s price surged by over 20%, reflecting investor confidence and the broader industry’s view of the decision as a positive development for the crypto market.
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The recent developments have changed the questions around the US SEC’s rule over the crypto space and whether it is losing its grasp. This has pushed altcoins like Cardano (ADA), Ripple (XRP), and Solana (SOL) to see their value soar incredibly.
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.
Former Goldman Sachs analyst and crypto hedge fund exec Murad Mahmudov has openly labeled Cardano (ADA) and Ripple (XRP) as cult meme coins.
XRP has struggled to surpass the $1 mark, currently trading at just $0.52, a staggering 85% below its all-time high of $3.84.
PayBito, a global trading platform and cryptocurrency exchange, has suspended XRP trading in light of the US SEC’s latest action against Ripple Labs, Inc.
The US Securities and Exchange Commission (SEC) has filed an action against Ripple Labs Inc. and two of its executives, who are also significant security holders, alleging that they raised over $1.3 billion through an unregistered, ongoing digital asset securities offering.
At least 38 of the world’s 100 largest banks have reportedly tested, integrated or invested in Ripple’s remittance technology.