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Ripple ( XRP ) price has moved sideways in the past few months as the recent consolidation continues. The coin was trading at $0.50 on Tuesday after Roblox announced that it will integrate it into its ecosystem. Ripple has dropped by more than 47% from its post-SEC lawsuit victory high. Ripple price reacted mildly to news from Roblox, one of the biggest metaverse and gaming companies in the world. Roblox has a market cap of over $18 billion and millions of users. In a statement, the company said that it will activate XRP payments in its ecosystem. Ripple has had other victories in the past few months. For one, the judge overseeing its  case against the Securities and Exchange Commission (SEC) rejected the agency’s plan to appeal the verdict. The judge ruled that XRP was not a financial security as the agency alleged. Meanwhile, Ripple recently acquired Fortress Trust, a company that provides crypto infrastructure services. The acquisition gave the ...

A US district judge recently issued a summary judgment finding that transactions in XRP do not constitute “investment contracts” and therefore are not securities under federal law. This ruling comes amid an ongoing legal dispute between Ripple Labs, the creator of XRP, and the Securities and Exchange Commission over whether XRP should be classified as a security or commodity. The judge’s decision states that the SEC did not adequately demonstrate that XRP holders had a reasonable expectation of profits derived from Ripple’s managerial efforts. Following this ruling, the market price of XRP increased substantially. Also read: BNB Chain Hacker Loses $30 Million In Liquidation Attorney John Deaton , who represents a group of XRP holders in a related lawsuit, argued in a recent post that the SEC’s action against Ripple has negatively impacted the adoption of XRP in the US market during the nearly three years since the suit was filed. The point her...

Ripple has submitted a document to the British parliament highlighting the benefits of XRP and crypto currencies for the UK government. The paper acknowledges the UK government’s initiatives in the crypto space, such as the Crypto-Asset Engagement Group and The Financial Services and Markets Bill. Edward Farina, head of social adoption at XRP Healthcare, noted the document’s importance. He recognized Ripple’s proactive engagement with authorities. BOOOOOOOOOOOM #RIPPLE has been communicating with the UK GOVERNMENT and the document below features in the official UK Parliament website describing #XRP for Cross-Border Payments for instantaneous bridge between fiat currencies and the #XRPL as a decentralized open source. pic.twitter.com/MhKgDKA3D1 — EDO FARINA 🅧 XRP (@edward_farina) July 11, 2023 Ripple explained the basics of blockchain technology and emphasized XRP as the native coin of the XRP Ledger (XRPL), independent of Ripple Labs. The document discu...

The long-standing legal disagreement between the U.S. Securities and Exchange Commission (SEC) and Ripple has attracted considerable public interest for a duration of over two years. The SEC asserts that Ripple promoted its digital currency, XRP, as a sec urity, thereby raising potential implications for its future worth and expansion. Also read: Pepe Coin Price Plunges By 17% Amidst Sell-Off The resolution of this case carries substantial importance for the cryptocurrency sec tor and the regulatory issues it faces. David Schwartz, the CTO of Ripple , recently spoke out regarding the deadline for the ongoing lawsuit verdict. I know waiting is annoying and we'd all love to have a ruling on summary judgment motions as soon as possible, but I wouldn't think anything was wrong, unusual, or strange until at least the end of September. — David "JoelKatz" Schwartz (@JoelKatz) July 10, 2023 Ripple CTO believes that the delay in a judgment is not unusual ...

Attorney Deaton reacts to Ripple CEO’s new prediction.  Attorney John Deaton, a pro- XRP lawyer and CryptoLaw founder, has joined XRP enthusiasts in reacting to Ripple CEO Brad Garlinghouse’s prediction on the final resolution of the SEC vs. Ripple lawsuit.  As  reported  earlier, Garlinghouse speculated in a fireside chat at the “Redefine Tomorrow 2023 Summit” that the company’s legal battle against the U.S. SEC will be resolved in weeks and not months.  “In terms of where things stand today, I’ll try not to get too much into the legal wigs. You’re right that I feel very confident that we’ll see a decision from the court this year. In fact, I’ll guess in weeks, not months,” said Garlinghouse.  Attorney Deaton Reacts to Garlinghouse’s Prediction  Interestingly, many XRP enthusiasts have been reacting to Garlinghouse’s prediction since it went viral. Reactions to the prediction were a mix of excitement and anxiety.  Some assert that the prediction is genuine, given...

Also Read: Is Settlement Still In Scenario As Summary Judgment Closes In? advertisement Will There Be A Settlement In XRP Lawsuit? XRP holders’ lawyer in the U.S. SEC Vs Ripple case, Attorney John Deaton dropped a hint about a settlement among both parties. He stated that there is a only chance for a settlement in the XRP lawsuit if Ripple scores a win here. As per Deaton, a U.S. SEC win in the case will rule out all the chances for a settlement. It will be status quo as Ripple appeals. However, if Ripple secures a win here then there is the possibility that the Commission threatens to appeal for a settlement over the past sales. Read More XRP Lawsuit News Here… Also Read: Can US SEC Win Against Ripple With Howey Test? Trending Stories Cardano Price Prediction: Bullish Pattern at Key Support Forecast 18% Rise in ADA Price; Enter Today? 24/7 Cryptocurrency News SHIB Price Prediction: Bearish P...

Bitcoin and select altcoins continue to face selling at higher levels, a sign that the bears have not yet given up. The cryptocurrency market witnessed sharp volatility on April 26 on rumors that large sums of Bitcoin (BTC) were on the move from the wallets linked to the defunct cryptocurrency exchange Mt. Gox and the United States government. A minor positive is that Bitcoin and select altcoins held their respective support levels. After Bitcoin’s sharp rally in 2023, some traders seem to be planning to book profits. Coinglass reported that the Bitcoin balance held at Binance soared by 50,000 Bitcoin in the past 30 days. While this could add to short-term pressure, bulls can take solace because the increase is not identical across exchanges. Coinglass said that the aggregate increase of Bitcoin balance across exchanges was 14,000 Bitcoin. Daily cryptocurrency market performance. Source: Coin360 The next major event for the market is likely to be the U.S. Federal Reserve’s meeting on...

The liquidity hub aims to offer a pool of liquidity to businesses in addition to Ripple’s popular cross-border payments service called on-demand liquidity. Fintech firm Ripple has launched its liquidity solution for businesses to bridge the gap between crypto and fiat. Ripple liquidity hub was launched on April 13 after a successful pilot last year. The service operates as a stand-alone solution in addition to Ripple’s popular cross-border payments service called on-demand liquidity (ODL). This makes it a global liquidity network offering its partners access to payout rails worldwide. The liquidity hub has been developed from an enterprise point of view to offer digital assets from various market makers, including crypto exchanges and over-the-counter trading desks. When an enterprise partner requires liquidity, it can source it from these large pools of deep liquidity, including United States dollars, Bitcoin (BTC), Ether (ETH), Ethereum Classic (ETC), Bitcoin Cash (BCH) and Litecoin...

Ripple ’s native token XRP skyrocketed from a low of $0.38 to a high of $0.57 in two weeks. Even after Bitcoin briefly dipped during the weekend, XRP stood in the green chalking out a path of its own. Bulls are keen on seeing the altcoin reach the $1 mark and eventually climb above its resistance levels. XRP last tested the $1 range in November 2021. Now that Ripple ’s native token is hovering around the $0.50 mark, can the bullish sentiments take it to $1? Let’s find out! Also Read: Will the U.S. Dollar Collapse Now That BRICS Are Developing Their Own Currency? Ripple: Is XRP On Track to Reclaim $1? Source: TheSun.co.uk / Alamy Pseudonymous cryptocurrency analyst ‘Egrag Crypto’ predicted that XRP could be geared up to reach the $1 mark next. Egrag considered the W trading pattern in his recent chart Analysis signaling that the W pattern could be bullish for the altcoin. The analyst shared several other W patterns to drive home his point that altcoins spiked after successfully fo...

Last week, crypto investment products witnessed their largest influx since July 2022. Inflows during the period summed up to $160 million and brought to light the growing investor confidence. However now, it seems like large institutional investors have started exercising vigilance as a precautionary measure.   According to CoinShares’ latest weekly report, crypto and other digital asset investment products saw positive flows summing up to “a lackluster” of $2.5 million. In fact, the trading volume in investment products has fallen by 33%, when compared to the prior week. Last week, $127.5 million flowed into Bitcoin. The environment was “fairly supportive,” according to CoinShares, for the largest asset noted inflows worth $8.8 million. Alongside, short-Bitcoin products noted negative flows, indicating that institutions continue to have Bitcoin’s back. Source: CoinShares Also Read: $135 Million Flows Into Bitcoin, Solana, XRP, MATIC: Highest Since July 2022 XRP lead...