XRP price has turned bullish in outlook as the asset sustains above critical support at $0.50. A potential settlement in the SEC v. Ripple case and recent comments from Ripple CEO Brad Garlinghouse have catalyzed the altcoin’s recovery.
The New York Department of Financial Services updated its crypto oversight policy, removing XRP from its approved list. This could lead exchanges to delist XRP, potentially causing the XRP price to decline in the current bearish market.
Crypto influencer Ashley Prosper claims the XRP community faces a coordinated attack, citing limited media coverage, FUD spreads, competing interests, and hacked social media accounts.
A new wave of fake XRP airdrop posts on X, formerly Twitter, has users questioning the platform’s ability to curb crypto scams, despite Elon Musk’s claims.
Ripple is teaming up with billionaire Jared Isaacman on a project to match XRP cryptocurrency donations to the Maui Emergency Response Fund through donation matching.
Bybit has listed an XRP/EUR trading pair while SBI Remit plans to expand Ripple-based remittances to the Philippines, Vietnam, and Indonesia.
An investment of $100 in XRP back in August 2013 would now be valued at over $9,300, representing a staggering ROI of approximately 9,200% over the past decade according to data.
XRP’s price declined in line with the broader crypto market’s reaction to hawkish comments by Fed Chair Powell, while technicals point to further losses ahead as whale data shows major holders reducing exposure.
Amid speculation of an epic XRP price surge like the historic 2017 bull run, sparked by the re-emergence of the ‘Duplex Dip Vortex Springboard’ technical pattern, investors are advised caution and careful risk evaluation due to the highly unpredictable nature of the crypto market.
The return of XRP whales, despite facing selling pressure and dropping below $0.50, has shown signs of a strong recovery, currently trading at $0.5299 with a market cap of over $28 billion.
