Ripple sets new record with 108,900 XRP used in XRPL NFT sales – Report

The XRPL Punks NFT collection makes record sales hitting a new milestone for the XRP Ledger.  The XRP Ledger is pushing for more NFT adoption through The $250 million Ripple Creator's Fund.

Timeline of Xrp

Ripple's social metrics activity increased tremendously and stood out among the top cryptocurrencies in the last 24 hours The on-chain status of the Ripple chain remained in a neutral state as traders reignited their interest in XRP in the futures market Ripple's [XRP] social mentions and engagements soared as Lunar Crush reported that XRP's engagement spiked

The XRP price could break out from a short-term resistance level in the near future, accelerating its rate of increase toward $0.47. The post Why the Future Is Looking Bullish for Ripple (XRP) Price appeared first on BeInCrypto.

The global crypto market cap dropped by around 2% over the past day as top coins like Bitcoin (BTC) and Ethereum (ETH) printed red indexes. Meanwhile, XRP has managed to decouple from the ongoing trend of the market.

After undergoing a sharp decline, XRP bulls are propelling the asset to embark on a new rally, even as the general cryptocurrency market sentiment remains uncertain. Indeed, XRP's ongoing surge comes as the token's parent company Ripple continues to record minor wins from a legal perspective.

XRP price is surging, decoupling from the entire crypto space. Marking more than 8% gains since the early trading hours, the price now aims to reclaim the levels above $0.45 at the earliest.

The Ripple vs. SEC case is becoming more fascinating with every new update. While many speculations were coiled up related to the probable settlement, clarity on this could be fast approaching. The possible grounds wherein both parties may opt for a settlement are outspread within the space, which has given scope for many speculations.

XRP Lawsuit News: The long running legal battle between U.S. Securities and Exchange Commission (SEC) and Ripple is yet to produce the crucial Hinman speech documents and related e-mails publicly. However, the commission has lost its assertions over the docs.

The XRP price is largely unchanged today, with its current level of $0.378725 representing a very modest 0.4% rise in the past 24 hours. The altcoin is up by 14% in the past fortnight, but remains down by 16% in the last 30 days, as the ongoing fallout from the FTX bankruptcy continues to weigh down prices.

Since security, reliability, sustainability, and interoperability are very important factors for stablecoin issuers in choosing the best blockchain, XRP Ledger (XRPL) has appeared as the best candidate.

As the sudden collapse of major crypto exchange FTX continues to ravage through the markets across the world, David Schwartz, the chief technology officer of U.S. blockchain company Ripple, believes that only enforcing a system of automatized checks and balances can prevent various crypto executives from repeating the mistakes of the exchange's former CEO, Sam Bankman-Fried.