XRP

XRPUSD BITSTAMP
XRPUSD
XRP BITSTAMP
 
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Trading Volume 24h
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History of XRPUSD

Important events

Sep 232022

May the odds be ever in your favor

Ripple’s continuing to outperform other tokens in spite of its increasingly complicated sparring match with the SEC.

  • The Chamber of Digital Commerce will be joining the SEC’s lawsuit against Ripple after being granted approval by the Court of Southern District of New York. As an ‘amicus curiae’, the crypto advocacy group can now provide information and expertise on the case which it stated could have “far-reaching consequences”.
  • XRP hasn’t let the court case slow it down, with the token rising by roughly 50% this week. Analysts reckon the reason for the increase might be high numbers of whale transactions and a growing hope that Ripple might emerge victorious from the court battle.
  • Ripple’s recent rally even has its competitors ticking upwards. Rival chain Stellar has seen gains of almost 20% this week while Bitcoin and Ethereum suffered respective losses of 11% and 24% since last week. Maybe having the SEC involved is the magic touch?
Illustration by TradingView

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Sep 212022

Not a ripple but a wave

XRP is making its way to new peaks despite a pullback of the general market tide as many hope the token might soon reach the safety of shore.

  • Ripple’s native XRP token hit its highest point since May on Tuesday after lifting nearly 30% in five sessions – though to be fair, the token is still down over 50% this year so far, so it’s not all sunshine and rainbows.
  • Broad declines in the overall crypto market this week make this little rally all the more intriguing and point to XRP as a standout in the space, as all the chatter on Twitter is noting. Digital asset investors are waiting with bated breath for rate hikes today so market moves for the rest of the week will be closely watched.
  • Developments in its lawsuit with the SEC are largely responsible for the action. The battle has been going on for years but both parties are now at the “enough is enough” stage, and have both just filed motions for a summary judgment and argued that the judge has enough info to make a ruling without going to trial.
Apr 132022

Show us the emails, Gary

Another week, another bark in the dogfight between Ripple and the SEC – and this time it’s getting down to the nitty-gritty.

  • The latest development has a lot to do with a speech made by SEC official William Hinman, where he declared Ethereum a non-security. If that’s the case, then why is Ripple getting treated (and punished) like one?
  • Has Hinman forced the SEC’s hand? Potentially. The agency has tried to distance itself from the speech, but now the judge has demanded it pass over all emails and drafts from around that time. If any juicy details are found in the emails, it could prove the SEC acted inconsistently, which would be v bad for their case against Ripple.
  • XRP lifted 2.8% on Tuesday after a rocky start to the week for crypto. On a broader scale, XRP has been in a downtrend since Sept 7, and something tells us this may not change until its beef with the SEC is cleared up. Over to you, US legal system.
Mar 302022

Dealer’s choice

The De-Fi market feels the heat with a footnote from the SEC, and Ripple’s just tryna catch some shade.

🔍 Key points:

  • Another wave of trouble has swollen on the horizon for Ripple. The SEC’s latest proposal redefines ‘securities dealer’ to include automated market makers (AMM) and algorithm-based trading technology with more than $50m in total assets, potentially putting a few bruises on not just XRP, but the whole of De-Fi.
  • The proposal is a bit of a problem for crypto more generally, but it could hurt Ripple’s ongoing dog fight with SEC chairman Gary Gensler over whether XRP is an unregistered security. Luckily for investors, the token pretty much shrugged its shoulders at the proposal, falling barely 0.2% on Tuesday.
  • So it seems Gary could be dealing his blow – if a blow constitutes a footnote buried in the 200-page text. Some have called it a sneaky move on the SEC’s part – the proposal doesn’t actually explicitly mention De-Fi, but if it passed it could see many decentralized exchanges hit a wall of SEC registration requirements.
Illustration by TradingView
Mar 142022

Ripples of joy after SEC 'win'

The Ripple vs. SEC smackdown continues, and while we might not be close to a KO just yet, Ripple has just won a round.

🔍 Key points:

  • Ripple’s XRP token went soaring 16% in intraday trading on Saturday to outperform the otherwise flat crypto market, before getting swept up in the negative sentiment and closing the day down over 2%.
  • A judge voted in favor of Ripple’s “fair notice” argument. The SEC alleges Ripple’s execs carried out a $1.3bn unregistered securities offering with its XRP sales, but the company wants to argue that it didn't get reasonable notice that it had violated a law – the SEC tried to shoot down that defense, but a judge now says it’s a valid one.
  • CEO Brad Garlinghouse called it “a huge win”. He noted that while he thinks the case against him personally should be over by now, he is now confident that all of the SEC’s claims against himself, XRP, and its execs will be dismissed; and expects the final court ruling to be here sooner rather than later.

If you weren’t paying attention then, you should be now. Huge win for Ripple today!

Mar 042022

Ripple flows into exchanges

Ripple Labs puts its token under selling pressure after locking up millions of XRP in escrow.

🔍Key points:

  • Payments giant Ripple locked 800m XRP in escrow as part of a programmed schedule of withdrawals, 200m of which will be used to cover the blockchains operating expenses, and the rest to be moved to various exchanges.
  • It has put pressure on the token, which is on its third day in the red as of Friday morning. The platform has made three transfers to the Bitstamp and Bittrex exchanges, and the spike in the XRP’s circulating supply is increasing selling pressure.
  • Elsewhere, Ripple Labs is still navigating its landmark battle with the SEC. There is some good news on that front though, with the company expecting to have a final ruling by April. The result will have far-reaching consequences for the whole crypto industry, so keep your eyes peeled.
vjkombajn / Pixabay
Feb 082022

Free the Ripple

Ripple flashes signs of recovery after we get a perky update from its SEC battle.

Key points:
  • Its landmark court battle against the SEC is looking up. Specifically, it was reported that the documents the SEC was reviewing could actually be irrelevant to the case – you can see for yourself when the docs are released publicly later in Feb.
  • The token rallied 21% on Monday for its fifth consecutive session in the green. It’s up 40% for February so far, more than making up for last month's 25% losses.
  • It’s a big deal in cryptoland, whatever the outcome. A win for Ripple would likely mean louder calls for regulation, and a loss would mean that regulators had a case against a lot of the crypto market. Things seem to be heating up, so keep your eyes peeled.
Milad Fakurian / Unsplash
Jan 262022

A buyback’s ripple effect

Ripple Labs' latest buyback fetches it a new valuation, but its SEC battle still has the fate of the company hanging in the balance.

  • Ripple Labs has pulled in a $15bn valuation after announcing a private stock buy-back and boasting its best year to date in 2021. The stock jumped 5% in 24 hours, rebounding from 2022’s crypto sell off.
  • Ripple’s in for another blowout year if its latest crypto report is anything to go by, which cites “consistent growth and maturation in conversation” around crypto.
  • But that all depends on its ongoing court case with the SEC, which has been dangling over it like the sword of Damocles since 2020. It could lead to crazy fines for the company.
Linus Nylund / Unsplash
Nov 242021

Courting the bulls

Ripple’s CEO is confident that the SEC’s splash is subsiding. Could we finally see smooth waters ahead?

  • Brad Garlinghouse sees “good progress” in Ripple’s legal battle with the SEC, and expects the lawsuit to end by 2022.
  • It just inked a new deal to create a stablecoin for the Island of Palau, adding to a slew of recent new partnerships that JP Morgan thinks will send the token soaring – but only if it wins its SEC suit.
  • It’ll affect the whole crypto industry, but Dogecoin won’t be invited to the winning party if Garlinghouse can help it – he recently blasted its “inflationary dynamics” as bad for crypto.

My personal views on dogecoin aside ;) I think there will be many winners in this industry. I’m bullish on overall crypto momentum for 2022 w/ regulatory clarity and progress in the UK, Singapore, UAE, Japan and others. 2/2

Nov 102021

Ripple shares the love with its new Liquidity Hub

XRP’s Ripple wants to help finance firms bring crypto trading to their customers. Because they’re nice like that.

  • The Ripple Liquidity Hub will give firms access to a range of cryptos including Bitcoin (BTCUSD), Ethereum (ETHUSD), Litecoin (LTCUSD), Ethereum Classic (ETCUSD), Bitcoin Cash (BCHUSD)… and, of course, XRP.
  • Its a turnkey solution that will leverage smart order routing to source digital assets at favorable prices from market makers, exchanges, and OTC desks, with no pre-funding required.
  • The debut partner for the alpha version is CoinMe, the first licensed Bitcoin ATM provider in the U.S. with thousands of locations country-wide.
Oct 252021

Ripple CEO thinks XRP should be on the podium

Ripple CEO Brad Garlinghouse feels hard done by, arguing that the SEC is the only reason Ethereum was able to eclipse the XRP token as the worlds #2 crypto.

As Ripple and the Securities and Exchange Commission continue their war in the courtroom, CEO Brad Garlinghouse is airing some of his grievances against the regulator. At a conference in DC, Garlinghouse claimed that the SEC has given special treatment to Ethereum (ETHUSD) over the years and has treated Ripple unfairly. In December 2017, the XRP token was the most popular crypto by market cap, and apparently the fact that Ethereum (ETHUSD) has gotten the regulatory go ahead is the only reason that XRP was displaced. The CEO said:

Within the last few years, XRP was the second most valuable digital asset. As it became clear the SEC had given a hall pass to ETH, ETH obviously has kind of exploded and that clarity has helped.

XRP has since slipped down to seventh place on the list.
Oct 222021

The SEC scores again

Ripple gets some bad news in its ongoing battle against the SEC after Judge Sarah Netburn extends its expert discovery deadline.

The Ripple vs SEC drama seems to be never-ending, and Judge Sarah Netburn just extended things after granting the SEC’s request to extend its expert delivery deadline, saying:

The additional time sought by the SEC will not affect the schedule to resolve this case. Rather, the additional time will allow both sides to complete the outstanding fact discovery and properly prepare for expert depositions.

The deadline has been moved to January 14, so the war won’t be coming to an end any time soon. XRP lost over 5% on Thursday.
Oct 152021

XRP is top dog in the U.K.

Ripple’s XRP might be down 42% from its April peak, but the currency has still managed to become the preferred digital asset in the U.K.

Popular trading platform eToro has just released a report which shows that Ripple’s XRP, which is currently the 6th largest crypto by market cap, has seen an increase in retail and institutional adoption recently and was the most popular crypto among the retail investors of the U.K in the third quarter. The period has seen a 105% increase in ownership on a year-on-year basis. Simon Peters, Crypto Market Analyst at eToro, said:

Whilst bitcoin holdings ‘only’ increased 2%, its year on year increase is 325%, which is a demonstration of how crypto assets have captured retail investors’ imaginations over the past 12 months and showing how they’re a vital component of many portfolios. XRP is similar – its growth quarter on quarter is just 4% but a lot of our investors are holding it. Some bought it way back in 2017, others more recently. There is a strong community of XRP supporters who believe in its long-term potential.

The token ended Thursday down 1.53%.
Aleks Marinkovic / Unsplash
Oct 132021

Ripple continues to plan for the future despite the SEC

Its war with the SEC has yet to come to an end, with each side taking their knocks, but Ripple still continues to build its business and has just announced two new ventures. The first is a partnership with Nelnet Renewable Energy for a joint venture that will fund solar energy projects across the country to support the move to clean energy, which is a hot topic in the crypto world at the moment. The crypto firm has also joined forces with Qatar National Bank to enhance global cross-border payments, starting with Turkey but ultimately scaling into other markets.

Ripple has been in court with the SEC since January, and has spent the last 10 months piling the regulator under paperwork and continuing on with business as usual. Ripple holders are feeling optimistic about the result. Despite that, Ripple is down over 4% for the week so far.
Sep 302021

Ripple makes a splash with NFTs

Ripple Labs first dipped its toes into the world of NFTs back in July, joining in on a $13 million funding round for NFT marketplace Mintable. Now the company is taking things up a notch to match the massive growth in the non-fungible market.

Ripple has just launched a new $250 million Creator Fund, which will work with Mintable and other partners, aiming to support developers that want to craft premium tokenized projects on the XRP ledger. These could be anything from from tradition art and collectibles to other more adventurous projects like interactive experiences. Monica Long, general manager of RippleX at Ripple, said:

While NFTs have opened the door for a tokenized future, actually navigating these concepts is a different ballgame for many. By starting with marketplaces and creators, our fund seeks to take the guesswork out of NFT projects to unlock unexplored tokenization use cases on the XRP Ledger. NFTs have the potential to accelerate new revenue streams and business models, while deepening creators’ relationships with the communities, people, and things they care about. Through our creator fund, we want to help bring new, high-profile creators and brands into the NFT space.

In the first half of this year, NFT sales volumes passed $2.5 billion, and continue to gain popularity around the world as people splash out more and more on the new digital tokens.

XRP prices fell below the $1 mark on September 20 and haven't recovered yet, largely due to Ripple's ongoing legal battle with the SEC.
Fakurian Design / Unsplash
Sep 292021

Is XRP better than all the rest?

As XRP moves to reclaim $1 after slipping below the mark last week, a Ripple board member throws shade at Bitcoin after the crypto market took a tumble on the back of speculation. Despite the company’s ongoing battle with the SEC regarding its digital currency, former U.S. Treasurer and XRP board member Rosie Rios still has faith that XRP can beat out Bitcoin.

XRP’s primary purpose is facilitating cross border payments while other #Cryptos find their value in speculation. China’s latest move brings this point home. I want to clarify, while Ripple is committed to the cross-border use case, developers globally everyday are pursuing other use cases, including store of value, medium of exchange, etc for multiple blockchains/cryptos.

People have since accused her of spreading biased information because of her affiliation to the coin, but only time will tell. Prices ended Tuesday down 3.16% amid a broader market sell-off.
QuoteInspector
Sep 232021

Ripple partners up with Bhutan

Ripple is partnering up with Bhutan to help the Asian state launch its own central bank digital currency (CBDC), and prices soar over 15%.

Ripple’s XRP got a boost on Wednesday from its new partnership with the The Royal Monetary Authority of Bhutan, which is looking to pilot its own central bank digital currency (not unlike the one the Federal Reserve is currently considering) – and Ripple is using its tech to pilot the ledger they’re going to use. Popularity of the XRP ledger has soared this year, largely thanks to the fact that it is energy efficient, and its CBDC technology is reliable and cost-effective. Yangchen Tshogyel, deputy governor of the Royal Monetary Authority of Bhutan, said:

Our collaboration with Ripple is testament to the potential of CBDCs to provide an alternative and sustainable digital payment instrument in Bhutan. Ripple’s groundbreaking technology will allow for the experimentation of a CBDC with our existing payments infrastructure – while ensuring efficient and cost-effective cross-border transfers.

Ripple’s XRP jumped on the news, ending the day leading the crypto recovery with an increase of over 15%.
Sep 152021

Faith in Ripple is rising

Japan’s crypto exchange TaoTao decides to re-list XRP as the token earns back some faith following its SEC scandal.

Ripple’s XRP gets another win in Japan, where crypto exchange TaoTao is re-listing the token. Crypto exchanges around the world suspended trading on XRP when the U.S. Securities and Exchange Commission (SEC) called it an “unregistered security”. However, ten months later, it seems like faith is beginning to get restored in some corners of the world. TaoTao said it is becoming more and more confident that Ripple will beat down the SEC’s claims, and the news comes not long after e-commerce giant Rakuten also resumed XRP trading – who knows what other exchanges could be inspired to do the same?

#Japanese crypto exchange TAOTAO will be relishing #XRP from 22nd of September! 🔥😍

https://google.co.jp/amp/s/news.yahoo.co.jp/amp/articles/157fa77c95543f03ed4ee2ab7eb5cc0429427308

#XRPCommunity #XRPHolders #XRPARMY #crypto #btc #eth

Sep 102021

Pop and drop

Ripple’s XRP gets caught up in a game of Chinese whispers, and prices pop and drop 10% all in one morning Coinbase denies re-listing the token.

There was much excitement in the early hours of Friday morning as four XRP trading pairs seemed to appear on Coinbase’s (COIN) mobile trading app – the platform suspended in January amid its ongoing battle with the SEC, and the appearance got people excited that perhaps the popular crypto exchange was back on board. Prices shot up over 10% in mere minutes, but shortly after, Coinbase (COIN) ruined all the fun by denying the rumors, and prices quickly plummeted back down to below their opening price.

After making some impressive summer gains, XRP is still nursing its wounds from the crash that followed Bitcoin’s (BTCUSD) disastrous debut as a legal currency in El Salvador.
Sep 072021
🎢

The XRP train gains momentum

Ripple’s XRP is picking up speed along with the rest of the alt-coin crew, and analysts see the digital asset reaching $3.

Ripple’s XRP took a hit from the crypto crash, but a recent alt-coin rally has seen the token lift over 160% since the market took a turn for the better on July 21. August saw the stock soar around 60%, and analysts see a $3 price tag in the future.

In other news, Ripple’s motion to reveal the personal holdings of SEC employees in its ongoing battle against the regulator has been denied on grounds of irrelevance.