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Ripple ’s XRP token is one of the most popular cryptocurrencies in the market. However, the asset has faced significant headwinds of late. XRP is currently down by over 85% from its all-time high of $3.40, which it attained in January 2018, over six years ago. Moreover, XRP did not rally as high as other assets during the 2021 bull run. Also Read: Ripple Holds Strong in Launching Channel; Analyst Predicts XRP Target If Ripple’s XRP reclaims its 2018 peak of $3.40, you will need about 294117.64 tokens to have one million dollars worth. The price of 294117.64 XRP tokens right now is about $147,058.82. If the move comes to fruition, your portfolio will have grown by around 580%. However, the journey to $3.40 is no easy task. When will Ripple’s XRP reclaim $3.40? Source – FX Empire XRP has faced significant regulatory pressure over the last four years. Ripple was sued by the US SEC (Securities and Exchange Commission) for allegedly selling ...

Ripple chief exec Brad Garlinghouse recently expressed his view via the World Class podcast that the “US Government is going after Tether ” before emphasizing how important it is to the ecosystem. This comment received a response from Tether CEO Paolo Ardoino on X (formerly Twitter), who attributed the comments from Garlinghouse to “An uniformed [sic] CEO, leading a company being investigated by the SEC, launching a competitive stablecoin (cui prodest).”  Ripple announced last month that it intended to launch a US dollar-pegged stablecoin. In his lengthy tweet, Ardoino also emphasized that Tether has “proved over time to have… top-tier custodians and profound compliance.” Read more: The rise and fall of Crypto Capital Corp, crypto’s premiere shadow bank For context re these ‘top-tier custodians,’ Tether once gave nearly a billion dollars of commingled client and corporate funds to an unlicensed money transmitter accuse...

XRP’s gradual progress this bull season has been a cause of concern for many of its community members. Despite Ripple partially winning the case against the SEC and forging stellar corporate alliances, XRP has yet to experience major price action.  According to CoinMarketCap, XRP has documented a shy spike of 7% last month. The token is currently sitting at $0.58 in a phase called consolidation. However, with the event of Bitcoin halving on the horizon, the altcoin market may notice a significant surge in its entirety. The boost of new momentum and activity may play an elemental role in improving XRP’s prospects to experience a full-fledged bull run soon.  Also Read: Ripple : XRP Forecasted to Surge 185% in Price, Here’s When XRP: Consolidation Phase Source – ZyCrypto XRP’s slow price motion has compelled various analysts on X to voice their opinions. Per a notable cryptocurrency analyst, “Crypto Rover,” XRP has been consolidated for 4 yea...

The cryptocurrency market is rallying this month as Bitcoin climbed above the $68,000 mark. Bitcoin retraced in price currently and is now hovering around the $66,800 range. The leading cryptocurrency is attracting heavy bullish sentiments and could climb above its all-time high of $69,044 soon. The ongoing rally has pushed altcoins to reach new monthly highs delivering stellar profits to investors. Read here to know the top 3 coins under $0.01 that could double in price this month and deliver better returns. Also Read: After Embracing Bitcoin, Robert Kennedy Jr Supports Shiba Inu However, now that the cryptocurrency market remains in greener pastures, three altcoins worth in Cents are aiming to reach $1. In this article, we will highlight the top three cryptocurrencies trading in Cents that might touch the $1 mark. Cryptocurrency: 3 Coins That Could Reach $1 Next Decentraland (MANA) Source: Pixabay The leading metaverse platform, Decentraland’s native cryptocur...

Assessing the current market conditions, the pursuit of XRP millionaire status requires a carefully devised strategy and timely execution. In the present market scenario, seizing the opportunity to acquire XRP today is seen as a potential avenue for significant gains. However, a pertinent question arises: what quantity of XRP is necessary to amass a million-dollar fortune? As per the latest market update, XRP is currently valued at $0.6054, with a trading volume of $993,247,172 within the past 24 hours. For those aspiring to achieve a $1 million portfolio with Ripple priced at $1 per coin, the calculation is straightforward: divide the desired target of $1,000,000 by the coin price of $1, resulting in the acquisition of 1,000,000 XRP. Also read: Here’s How to Be a Millionaire When Avalanche (AVAX) Hits $50 How much XRP do you need to become a millionaire if the price hits $1? To determine the current cost of this strategic investment, multiply the quantity of XRP (1,000,000...

With positive sentiment abounding, Ripple and its native XRP token could see their market cap reach $50 billion in November. Indeed, the projection is feasible considering the influx of transactions and whale activity that have taken place. Moreover, the events of the last several months could coincide with a continued upward trajectory. Ripple has seen its court conflict with the US Securities and Exchange Commission (SEC) near a resolution. Subsequently, its victory in the non-security distinction of XRP has driven the asset price. Additionally, announcements made at the Swell Conference 2023 are expected to continue growth. Subsequently, the overall market cap could have a massive surge in store, but just how high could it go? Also Read: Ripple (XRP) Mid-November Price Prediction 2023 Ripple XRP Market Cap Set to Continue Upward Trend? Over the last several months, Ripple has enjoyed a tremendous positive turn. Specifically, its two-year-long legal conflict with the ...

Legal representatives of Terraform and Kwon had filed a motion to dismiss the SEC’s case, citing the ruling made in the Ripple vs SEC lawsuit. advertisement Judge Rakoff did not give any regard to the early July ruling, delivered by Judge Analisa Torres, which distinguished between institutional XRP sales and public sales, such as those on third-party exchanges like Coinbase and Binance. The judge asserted that the regulator has jurisdiction to proceed with the case which would determine if Kwon and his company Terraform violated security laws. Newsflash: Ripple Decision Already in (Big) Trouble Recommended Articles Crypto Presale Projects For 2023 To Invest; Updated List Must Read Best Crypto Exchange Affiliate Programs In 2023 Must Read ...

Stuart Alderoty says that an appeal by the Securities and Exchange Commission could see Ripple consolidate its victory over the regulator even further. Concerns of a potential appeal by the United States securities regulator to the landmark Ripple ruling earlier this month were shrugged off by Ripple’s chief legal officer. Stuart Alderoty believes that if the SEC takes the case to an appeal , the court could move to consolidate Ripple Labs’ partial victory over the financial regulator even further. Speaking on a July 26 TechCrunch podcast, Alderoty reiterated his position that the XRP (XRP) token does not constitute an investment contract and that the Ripple team would not shy away from any appeal brought to the courts by the SEC. “We think the judge got that right, and we think that was a faithful application of the law, and I think a court of appeals will not only affirm that but maybe even amplify that to even a greater extent.” On July 13, Judge Analisa Torres ruled XRP was no...

Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill. Bitcoin-related invest ment products appear to have lost some of their sheen among crypto invest ors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June. According to a July 24 report by CoinShares’ head of research, James Butterfill, Bitcoin (BTC) investment products saw outflows of $13 million for the week ending July 21, reversing five weeks of inflows. Short Bitcoin products also saw outflows of $5.5 million in the week. Bitcoin Fear and Greed Index is 50 ~ Neutral Current price: $29,178 pic.twitter.com/T1DMFpsX9p — Bitcoin Fear and Greed Index (@BitcoinFear) July 25, 2023 In contrast, Ethereum (ETH) and XRP (XRP) invest ment products recorded combined inflow of $9.2 million over the last week. Butterfill noted that Ethereum invest ment products were the best performer last week...

Defining BitGo CEO’s Support for Ripple In a Twitter post , Belshe clarified that his support for Ripple’s victory in the lawsuit was not driven by personal affection for XRP but rather by a desire to bring about regulatory change.  advertisement He expressed the belief that a favorable outcome for Ripple would pave the way for regulatory frameworks that foster innovation, just as Bitcoin (BTC) was allowed to develop without being stifled by regulatory burdens in its early stages. In his statement, BitGo CEO Mike Belshe drew a parallel between the early days of Bitcoin and the current situation with Ripple and XRP. Belshe pointed out that Bitcoin, despite its vision of decentralization, had a centralized aspect in its early years, similar to Ripple.  Consequently, he suggested that if Bitcoin had been subjected to the same regulatory scrutiny as Ripple is facing now, it could have been labeled a “security”. Re...

Also Read: Hinman Emails Depicts SEC Fovoured Ethereum Over Other Cryptos advertisement Ripple CTO Performs Autopsy Of Hinman Speech Former U.S. Securities and Exchange Commission Director, Bill Hinman gave a disputed speech related to crypto asset securities. He declared that a token is not a security once it becomes “sufficiently decentralized”. However, it’s been 5 years and 7 court orders since Hinman delivered the controversial speech. Stuart Alderoty, Ripple Chief Legal Officer stated that emails and drafts of the speech depict that Hinman ignored multiple warnings given by the internal staff. He added that the former executive’s speech contained made up Analysis with no basis in law, breached by the Howey Factors and exposed regulatory gaps. He added that Hinman’s speech created not just confusion but greater confusion in the market. However, the former SEC director claimed that the speech was his personal view, while the ...