{"id":543288,"date":"2023-07-19T06:52:24","date_gmt":"2023-07-19T06:52:24","guid":{"rendered":"https:\/\/ktsl888.com\/?p=543288"},"modified":"2023-07-19T07:14:41","modified_gmt":"2023-07-19T07:14:41","slug":"xrp-flexes-muscles-ripple-token-unfazed-by-crypto-turmoil-with-60-rally","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/xrp-flexes-muscles-ripple-token-unfazed-by-crypto-turmoil-with-60-rally\/","title":{"rendered":"XRP Flexes Muscles: Ripple Token Unfazed By Crypto Turmoil With 68% Rally"},"content":{"rendered":"<p>A U.S. district judge decided that XRP was not a security after Ripple&#8217;s victory over the United States Securities and Exchange Commission; the token&#8217;s price has since surged sharply.<\/p>\n<p>Among the top 25 cryptocurrencies, the token native to the Ripple payment system had the best 24-hour performance. XRP has regained the number four spot by market capitalization, moving past Binance&#8217;s problematic BNB coin.<\/p>\n<p>Importantly, XRP held its ground, unaffected by the turmoil gripping the broader crypto market as the leading cryptocurrency Bitcoin threatens to lose its grip on the crucial $30,000 handle, and many altcoins begin the day in a sea of red.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/all\/cryptocurrencies-this-coin-soars-120\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">This Under-The-Radar Coin Just Beat The Top 100 Cryptocurrencies With 120% Explosion<\/a><\/div>\n<p>XRP is a cryptocurrency that Ripple employs to transfer funds internationally. With a market capitalization of $37.8 billion, it is the fifth-largest cryptocurrency in circulation.<\/p>\n<h2><strong>XRP Dominates The Weekly Timeframe<\/strong><\/h2>\n<p>According to crypto market tracker Coingecko data, XRP was trading at $0.814, an increase of nearly 10% over the previous 24 hours. At the time of writing, however, it was in the weekly timeframe that the token proved its worth, <a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\">skyrocketing by nearly 68%.<\/a><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-543291\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/XRP.png?resize=1264%2C65\" alt=\"\" width=\"1264\" height=\"65\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/XRP.png?w=1264 1264w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/XRP.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/XRP.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/XRP.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/XRP.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/XRP.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre style=\"text-align: center\">Source: Coingecko<\/pre>\n<p>Bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies by market capitalization, are currently trading below their psychologically significant price levels of $30,000 and $1,500, respectively.<\/p>\n<p>Although Bitcoin&#8217;s price has been fluctuating around the $30,000 mark recently, Jake Boyle, Chief Commercial Officer of Australian crypto exchange Caleb &amp; Brown, has stated that significant price changes are unlikely unless certain crucial events transpire.<\/p>\n<p>For the past three years, Ripple has fought the SEC on claims that the company and two of its executives made an illicit $1.3 billion in sales of<a href=\"https:\/\/www.coingecko.com\/en\/coins\/xrp\" target=\"_blank\" rel=\"noopener nofollow\"> XRP.<\/a> Ripple has refuted these allegations, maintaining that XRP is more akin to a commodity than a security.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-543293\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-117.png?resize=845%2C545\" alt=\"\" width=\"845\" height=\"545\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-117.png?w=845 845w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-117.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-117.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/07\/a-117.png?w=750 750w\" sizes=\"(max-width: 845px) 100vw, 845px\"><\/p>\n<pre style=\"text-align: center\">XRP price movement in the weekly chart. Source: Coingecko.<\/pre>\n<h2><strong>A Watershed Moment For Ripple<\/strong><\/h2>\n<p>The<a href=\"https:\/\/www.techopedia.com\/what-the-ripple-xrp-sec-lawsuit-means-for-crypto\" target=\"_blank\" rel=\"noopener nofollow\"> SEC Ripple lawsuit&#8217;s ruling<\/a> was a significant moment for cryptocurrencies. Although XRP was deemed not a security, certain token sales were classified as securities transactions. This decision sheds light on the regulatory status and classification of cryptocurrencies by the SEC, impacting the entire industry.<\/p>\n<p>It may trigger discussions and lead to clearer regulations for digital assets, boosting investor confidence and fostering a more stable market. The ruling&#8217;s ripple effects (no pun intended) may extend globally, influencing other countries&#8217; regulatory approaches.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/FtEH8b4R\/\" width=\"2475\" height=\"1187\"><\/p>\n<pre style=\"text-align: center\">XRP market cap currently at $41.5 billion on the daily chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/elon-musk-fires-another-tweet\/\" target=\"_blank\" rel=\"noopener \">Elon Musk Fires Another Tweet \u2013 But Did It Lift Dogecoin Price?<\/a><\/div>\n<h3><strong>Regulatory Clarity A Must<\/strong><\/h3>\n<p>As the cryptocurrency ecosystem matures, regulatory clarity becomes crucial for striking a balance between innovation and consumer protection. Market participants will closely monitor how this ruling shapes the future of cryptocurrency regulation.<\/p>\n<p>Meanwhile, if the court had sided with the SEC, it might have established a negative precedent for treating other cryptocurrencies, opening the door to more stringent regulations and control.<\/p>\n<p>This would have repercussions for any venture with an initial coin offering (ICO) or token sale, including Ripple and XRP.<\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em>Featured image from Muscle &amp; Fitness<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A U.S. district judge decided that XRP was not a security after Ripple&#8217;s victory over the United States Securities and Exchange Commission; the token&#8217;s price has since surged sharply. Among the top 25 cryptocurrencies, the token native to the Ripple payment system had the best 24-hour performance. XRP has regained the number four spot by market capitalization, moving past Binance&#8217;s problematic BNB coin. Importantly, XRP held its ground, unaffected by the turmoil gripping the broader crypto market as the leading cryptocurrency Bitcoin threatens to lose its grip on the crucial $30,000 handle, and many altcoins begin the day in a sea of red. Related Reading: This Under-The-Radar Coin Just Beat The Top 100 Cryptocurrencies With 120% Explosion XRP is a cryptocurrency that Ripple employs to transfer funds internationally. With a market capitalization of $37.8 billion, it is the fifth-largest cryptocurrency in circulation. XRP Dominates The Weekly Timeframe According to crypto market tracker Coingecko data, XRP was trading at $0.814, an increase of nearly 10% over the previous 24 hours. At the time of writing, however, it was in the weekly timeframe that the token proved its worth, skyrocketing by nearly 68%. Source: Coingecko Bitcoin (BTC) and ether (ETH), the two largest cryptocurrencies by market capitalization, are currently trading below their psychologically significant price levels of $30,000 and $1,500, respectively. Although Bitcoin&#8217;s price has been fluctuating around the $30,000 mark recently, Jake Boyle, Chief Commercial Officer of Australian crypto exchange Caleb &amp; Brown, has stated that significant price changes are unlikely unless certain crucial events transpire. For the past three years, Ripple has fought the SEC on claims that the company and two of its executives made an illicit $1.3 billion in sales of XRP. Ripple has refuted these allegations, maintaining that XRP is more akin to a commodity than a security. XRP price movement in the weekly chart. Source: Coingecko. A Watershed Moment For Ripple The SEC Ripple lawsuit&#8217;s ruling was a significant moment for cryptocurrencies. Although XRP was deemed not a security, certain token sales were classified as securities transactions. This decision sheds light on the regulatory status and classification of cryptocurrencies by the SEC, impacting the entire industry. It may trigger discussions and lead to clearer regulations for digital assets, boosting investor confidence and fostering a more stable market. The ruling&#8217;s ripple effects (no pun intended) may extend globally, influencing other countries&#8217; regulatory approaches. XRP market cap currently at $41.5 billion on the daily chart: TradingView.com Related Reading: Elon Musk Fires Another Tweet \u2013 But Did It Lift Dogecoin Price? Regulatory Clarity A Must As the cryptocurrency ecosystem matures, regulatory clarity becomes crucial for striking a balance between innovation and consumer protection. Market participants will closely monitor how this ruling shapes the future of cryptocurrency regulation. Meanwhile, if the court had sided with the SEC, it might have established a negative precedent for treating other cryptocurrencies, opening the door to more stringent regulations and control. This would have repercussions for any venture with an initial coin offering (ICO) or token sale, including Ripple and XRP. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Muscle &amp; Fitness<\/p>\n","protected":false},"author":557,"featured_media":543296,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-543288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\n<title>XRP: Ripple Token Unfazed By Crypto Turmoil With 60% Rally<\/title>\n<meta name=\"description\" content=\"A U.S. district judge decided that XRP was not a security after Ripple&#039;s victory over the United States Securities and Exchange Commission; the token&#039;s\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/xrp-flexes-muscles-ripple-token-unfazed-by-crypto-turmoil-with-60-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP: Ripple Token Unfazed By Crypto Turmoil With 60% Rally\" \/>\n<meta property=\"og:description\" content=\"A U.S. district judge decided that XRP was not a security after Ripple&#039;s victory over the United States Securities and Exchange Commission; 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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