Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. The price pump for XRP follows news earlier this week that both Ripple and the SEC have filed motions for summary judgment in the $1.3 billion lawsuit, each seeking to dismiss the lawsuit before trial and asking the judge to rule in their favor. Press J to jump to the feed. The XRP price has risen by nearly 5% in the past 24 hours, reaching $0.425152 after a week in which Ripple CEO Brad Garlinghouse predicted that the firm's lawsuit with the SEC will end in 2023. Tweeting on January 20, noted attorney and a regular commentator on the Ripple-SEC case, James K. Filan declared that "Everything is Briefed" with regards to the case and that "Now We Wait," suggesting that the main thing left to do is for the presiding judge, Judge Analisa Torres, to reach a summary judgment. Despite all of its flaws, the coin has demonstrated that it can still thrive. Just be aware that there is always a risk involved with crypto investing, but its worth considering. XCurrent, XRapid, and XVia. It was accused of using its XRP token to circumvent banking regulations, and its CEO was accused of lying to investors. According to the trader, the ongoing lawsuit between Ripple and the SEC could eventually provide regulatory clarity for the digital token XRP, which is relatively bullish for the embattled digital asset. On May 5, 2018, Ripple, the company behind the cryptocurrency XRP, was sued by a group of investors for allegedly violating So if you are waiting to hear the outcome of the case to intervene, you will be too late. In recent weeks, larger investors have been accumulating XRP, likely in the expectation that it's due a big rally in the coming months, pending the resolution of the case. This is a big deal because Visa is a well-established and widely-used global payment solution, and by partnering with them, DeeMoney is able to offer its users a fast, secure and convenient way to make cross-border payments. If the lawsuit is successful, it could have a major impact on the price of XRP. The price of XRP had been decreasing steadily for years following the ATH ($3.84) in January 2018 but the lawsuit made it crumble, also because a few major exchanges delisted XRP as a result. Well said. If you're looking for other high-potential crypto projects alongside XRP, we've reviewed the top 15 cryptocurrencies for 2023, as analyzed by the CryptoNews Industry Talk team.The list is updated weekly with new altcoins and ICO projects. The technical storage or access that is used exclusively for anonymous statistical purposes. Why is XRP different from Bitcoin? The key feature that distinguishes Ripple blockchain is its build schematics. This cookie is set by GDPR Cookie Consent plugin. In a recent interview with Thinking Crypto, the closely followed analyst pointed out that XRPs technical indicators are currently suggesting more bearish action, but there are big fundamental reasons to resolutely hold XRP. The three products of the Ripple network have significantly boosted Ripple's value in the crypto space. The This year has seen a lot of activity at Ripple Labs and XRP as a result of the Ripple lawsuit. Despite the controversy surrounding it, the XRP token remains worth $10.5 billion, and Ripples dominance in the global payments market is undisputed. XRP is down today, trading at $0.3771, a more than 1% decrease in its 24-hour price. On the door it says security. This growing list of partnerships and expansion will significantly affect the price of XRP. It also backs up other units of value, such as mobile minutes and frequent flyer miles. Further, the Ripple Network has three major products. Twitter sets this cookie to integrate and share features for social media and also store information about how the user uses the website, for tracking and targeting. I think the lawsuit is just an act forcing the price down. WebNotably, if XRP prevails in the case, the panel of financial experts in Finders January 2023 report anticipates that the price of XRP would trade at $3.81 by the end of 2025. Besides, since the motions for the summary judgment are filed during the third week of See our disclaimer, Disclaimer: This page may contain affiliate links. The CEO, Brad Garlinghouse, recently spoke at the World Economic Forum and said that hes confident that the lawsuit with the SEC will be settled this year. Selling everything now and going all in . The Wild World of Crypto Lobbying: Heres What You Need to Know! HAL1000 According to Jesse Powell, the CEO of Kraken Exchange which recently delisted XRP for its US residents, XRP can be a liability for exchanges depending on the outcome of the trial. By validating the account balances and transactions, it improves the overall integrity of the network. He advised that if the US SEC agrees and gives in writing that ongoing and future sales of Ripples native crypto, XRP are not sales of Securities, while the commission also admits that the Secondary XRP market sales by There for I do not believe it refers to shop security, but maybe a hint that a crypto what is about to explode may be linked to a security as a sign. Ripple Price Prediction for 2025 and 2030, Ripple vs Bitcoin: Which Crypto Should You Buy. Investors Beware: SECs Proposed Crypto Rules Benefits Only The Few. Its management team announced that Ripple's use-cases would be expanded to smart contracts and DeFi adoptions in the coming future. Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin. February 2023. Industry Announcements, ABOUT US | EDITORIAL POLICY | PRIVACY POLICY Adding to its growth, Ripple has entered into several partnerships since the beginning of the year. Indeed, there are some events expected to take place in March that could be qualified as influential on XRP, potentially pushing the digital token upward, unless they are counteracted by negative developments in the cryptocurrency market and wider macroeconomic stage.. Possible lawsuit ruling. The most secure way to store XRP is through hardware wallets, which are the most secure. Ripple's plans to expand the network on the conventional capital markets, the adoption of smart contracts, and XRPs win over the SEC are few significant reasons why Ripple is likely to explode in 2023, securing a special place in investor portfolios. At the same time, other developments suggest that the SEC has a relatively weak case against Ripple. He advised that if the US SEC agrees and gives in writing that ongoing and future sales of Ripples native crypto, XRP are not sales of Securities, while the commission also admits that the Secondary XRP market sales by Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Credible explains why he still holds a large amount of Ripple. Despite these uncertainties, the value of Ripple is still too early to tell whether it will be a good investment. With Ripple, governments and financial institutions around the world are not required to restrict users to using the payment gateway as a result of its secure and rapid nature. The SEC filed a lawsuit against XRP in September, and several exchanges have removed it from their platforms. February 2023. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. Santander, the Commonwealth Bank of Australia, or MoneyGram, leading a new ledger project for central banks, Ripple vs. SEC: What Experts Say About the Lawsuit. 175 - 275 comment karma. Started August 30, 2021, Xrp Chat is not affiliated, associated, authorized, endorsed by, or in any way officially connected with Ripple, or any of its subsidiaries or its affiliates. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. This would likely cause the price of XRP to plummet, as investors would no longer be able to buy and sell the token on US exchanges. XRP Price Prediction as Ripple Lawsuit Set to Conclude in 2023 Can XRP Reach $10 if Ripple Wins the Case? But the worst seems to be over for now, and XRP seems to be the best crypto to buy ahead of the next bull run in 2023. Im not even invested heavily in xrp, but I honestly think the signs are there as predictive programming. If youre new to crypto, you might be wondering why this is such a big deal. Ripple will operate outside of the country if it loses its lawsuit, effectively shifting the focus away from the country since the SEC sued the company in 2020. Adding to its growth, the XRP management team claims its banking and financial customer partnerships with some big guns in the market like Accenture, MoneyGram, BFC Bahrain, etc. These G20 headlines and the rising Fed concerns are causing XRP to remain under pressure. Youll probably think this is schizo posting. Punnoose Mathew, managing director, recently reported his meeting with the representatives of Ripple. However, you may visit "Cookie Settings" to provide a controlled consent. After the SEC filed its lawsuit against Ripple in December, the price of XRP fell by more than 60%, from close to US$0.60 the month before to US$0.25, and many exchanges delisted XRP. However, if XRP loses its case in court, the panel estimates that its value will drop to $0.68 per share. With the managements continuous attempts, the SEC lawsuit is likely favourable for Ripple currently, boosting its value in the market. Despite the current bear market, the XRP token remains in demand. Because the total supply of XRP is constantly changing, the price and fee changes can be adjusted. The lawsuit has been ongoing for nearly 15 months, and Ripple expects it to be completed by the end of the year. Nonetheless, crypto payments can be viewed as a primary coin in their own right, and it could become the primary coin of choice for those who receive them. Ripple To Settle XRP Lawsuit. It partnered with some of the biggest companies pushing for the mainstream adoption of its native currency, XRP. Our dedicated and motivated global team is here to deliver the highest quality content. With its worldwide adoption and unique solution for banks, XRP has been a hot topic among investors and crypto enthusiasts. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. XRP in particular is standing currently around a price of $0.45. Crypto asset investing is highly volatile and unregulated in some EU countries. In an A quick 3min read about today's crypto news! According to estimates, XRPs price will rise to $4.28 by 2028. It has also announced a partnership with Zurich, Instituto Tecnologico Autonomo de Mexico (IATM), and Ryerson University. Digital token XRP is a cryptocurrency that is used to trade on the Ripple network. Illuvium Is The Crypto Game You Should Watch For, Why Cardano Could Be The Future of Decentralized Finance, Unleashing The Power of Blockchain: How DSLA Is Changing The Game For SLA Management. So, by partnering with both Visa and Ripple, DeeMoney is able to offer its customers the best of both worlds the convenience and reach of Visa, and the speed and affordability of Ripple. The cookies is used to store the user consent for the cookies in the category "Necessary". XRP has recently recorded a $600 million trading volume, and investors are now curious to know if the cryptocurrency can reach $10 in 2023. In the following decade, XRP will reach a new all-time high of around $2.28 and be worth around $3.35 by 2027. Ripples fast transaction speed is one of its key selling points, making it an ideal choice for financial institutions. Unlike Bitcoin, which settles in seconds, XRP transactions settle in seconds because they use a centralized infrastructure rather than being completely decentralized. solodeji, February 7, 2022 in Other Press. Additionally, its recent collaboration with the Japanese payment giant SBI has garnered the attention of various technical corporations across the South Pacific region. The coin, according to them, is expected to continue to increase in value until 2029. The experts in the field of cryptocurrency have studied the price fluctuations and changes in XRP in recent years. So just from a high timeframe perspective, you can expect that this region in general, and the tighter we get here, this general region is going to act as support as weve seen it act in the past.. The Daily Hodl does not advise readers to purchase or sell digital assets. XRP/USD Price Chart - Source: Tradingview. Fastest Growing Cryptos That Will Change The Game In 2023, Why The Dogecoin Price Could See Another Bull Rally Soon, Bitcoin Price Could Fly Past $25k To $30k If This Happens On Wednesday, Top 5 Meme Coins To Keep An Eye On In The Next Bull Run, The Future Of Crypto Is Here, And Aave (AAVE), Fantom (FTM), And Orbeon Protocol (ORBN) Lead The Charge, 5 Comeback Cryptos To Buy Before They Soar Again, 3 Profitable Cryptos For The First Quarter Of 2023, 5 Best Web3 Crypto Coins That Are Set To Explode By 2025, Top Cryptocurrencies To Use In Online Casinos In 2023. No one can say for sure. The price of Bitcoin reached its highest peak of over $58,000, and other prominent altcoins such as Ethereum and Binance Coin capitalized on the market growth. So youre placing your bets right now and if your bet pays off and XRP wins, XRP is going to rocket, and then everything else is at the mercy of the SEC, and we dont know whats going to happen., Featured Image: Shutterstock/Katrevich Valeriy/WhiteBarbie, Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology, Bitcoin Ethereum Trading Ongoing for more than two years, the Ripple has successfully positioned itself as a secure and scalable cryptocurrency in the market with its excellent features. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Since then, Ripple has been trying to protect itself against the SEC and fighting to break the resistance level in price. Subsequently, Ripple (XRP) has not witnessed any rise in its price for a few weeks. He added that the business would leverage Ripples On-Demand Liquidity technology to streamline its cross-border payments. The crypto community has started an online campaign urging Coinbase to relist Ripple (XRP) on its exchange. After opening 2021 with a price of $0.22, it sits at $0.74 as of April 2021 then dropped to low level due to the bear markets in crypto and stocks. However, it has enjoyed some positive price movement in the past week, with a seven-day high of $0.4073. In an interview with Thinking Crypto, the pseudonymous analyst known as Credible Crypto says XRPs technicals are currently suggesting more bearish action. It eventually blocks malicious entries to the network, ensuring complete safety. The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network. Whats interesting to note here is that DeeMoneys partnership with Visa builds on its earlier partnership with Ripple. It hasnt seen a new all-time last bull cycle because of this case, so its well overdue. Recently Ben Armstrong, a famous crypto trader with a Youtube following of 1.45M and a Twitter following of 795K, stated that Ripples XRP digital token would make holders rich. Ripple has a very smart team and they have the infrastructure to go even bigger, XRP isnt made for the retail investor, Brad said so himself. Ripple XRP (XRP): Industry Leader or Cryptocurrency Dinosaur? 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