Ripple's XRP gained momentum in the past two weeks, witnessing a price increase of around 10%. It briefly reclaimed $0.60 several hours ago before
Ripple's XRP price has gained momentum with an increase of approximately 10% in the last two weeks. It briefly retook the $0.60 level a few hours ago and then settled at the current $0.58 level, according to CoinGecko data.
According to some analysts, XRP may make headlines in a short time with a remarkable rally. To give an example, an analyst who goes by the username Bitlord and is popular among X users thinks the token is poised to experience a “parabolic upward explosion at a steep angle” in the coming hours.
The analyst also included the following statements: “The amount of hate XRP has received is extraordinary. The fact is that last time I called Ripple its price moved several billion. He also reached the top point. Now I want to see that party start again.”
The Great Mattsby also found similarities between XRP's recent performance and Tesla's (TSLA) performance in the 2010s. In the mentioned decade, the stock value of the electric vehicle giant started from $ 2 and rose to $ 30. The company continued its upward trend in the coming years and currently TSLA shares are trading at around $240. It's an interesting comparison, considering the two entities have literally nothing in common.
Dark Defender claimed that XRP was about to rise to $0.66. The trader also said: “The January 2018 resistance will disappear above $1.03, yes, that is exactly the point, interesting.”
Is There Any Fluctuation in the Coming Period According to the Ripple V. SEC Case?
XRP price may experience further volatility in the coming weeks due to potential developments in the lawsuit between Ripple and the US Securities and Exchange Commission (SEC).
The legal struggle has reached its final stage following the August decision of District Judge Torres, who decided that the company's XRP sales to retail investors in secondary markets did not constitute securities transactions. However, the judge ordered Ripple to pay a $125 million fine for violating certain laws.
This amount represents a 94% decrease from the amount originally requested by the regulator. Therefore, the likelihood of an appeal from Ripple is quite low. Additionally, CEO Brad Garlinghouse and CLO Stuart Alderoty said the company will respect the court's decision.
However, the SEC may appeal the decision. Although the deadline for such a move is October 7, the institution has not yet made a statement on whether it will take this path.
The above is the detailed content of 'I Think XRP is Ready'. For more information, please follow other related articles on the PHP Chinese website!

Amazon's Project Kuiper satellite launch was postponed due to unfavorable weather conditions. The delay was likely influenced by factors such as high-altitude wind shear, lightning threats, and high surface winds, which are common hazards in space launches. This postponement highlights the need for meticulous planning and flexibility in the unpredictable environment of space operations.

A group of former Kraken executives acquired U.S.-listed company Janover, which secured $42 million in venture capital funding to begin building a Solana (SOL) treasury.

Canadian businessman and investor Kevin O’Leary urged the Trump administration to impose a 400% tariff on Chinese goods, arguing that the current 104% tariff is insufficient to compel China to follow trade rules. O’Leary said these statements prior t

U.S. Treasury Secretary Scott Bessent laid out a broad financial reform agenda at the Bankers Association Summit on April 9, pledging to remove regulatory barriers

According to a report by VanEck, China and Russia have started to settle some trade deals using Bitcoin.

ucci Outlines 5-Point Forecast on China's Next Moves Amid Rising Trade Tensions

underperformed Bitcoin on 85% of all trading days since it launched in 2015. The ETH/BTC ratio, which tracks the value of Ether relative to Bitcoin, dropped to a five-year low of 0.018

In the world of cryptocurrencies, few events can shake things up like big government decisions. President Trump's recent tariff announcement did exactly that

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

MantisBT
Mantis is an easy-to-deploy web-based defect tracking tool designed to aid in product defect tracking. It requires PHP, MySQL and a web server. Check out our demo and hosting services.

ZendStudio 13.5.1 Mac
Powerful PHP integrated development environment

SublimeText3 Chinese version
Chinese version, very easy to use

PhpStorm Mac version
The latest (2018.2.1) professional PHP integrated development tool

SecLists
SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.