US Fed To Launch FedNow In July, Countering Ripple?

The United States Federal Reserve (Fed) will launch the FedNow service in July 2023, according to an announcement on March 15. FedNow Launching In July FedNow is a service that allows banks to transfer funds speedily across the broader financial system in the country.

Timeline of Xrp

While the US Securities and Exchange Commission's (SEC) case against Ripple Labs continues to await a ruling by the judge in charge of the Southern District Court of New York, the fintech company may have received a winning argument from the judge in the Voyager case.

XRP News: U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has launched multiple enforcement actions over digital asset related firms over the past few months. In his latest comments, Gensler suggested that Proof-of-stake (PoS) tokens need to be regulated as securities.

XRP Price Prediction: Despite multiple events in the past two months, which caused massive price swings in the majority of major cryptocurrencies, the XRP shows a restricted movement within two downsloping trendlines. Though these falling trendlines reveal the formation of a falling wedge pattern, the XRP price wavering with short-body or long-wick rejection candles indicates The post XRP Price Prediction: Here's When XRP Coin May Trigger A Sustained Recovery Rally appeared first on CoinGape.

The price of Ripple (XRP) is falling as it is currently flashing bearish signals. While the price of Bitcoin has significantly increased over the past few days, the price of Ripple has been stagnant, with no direction, and is currently trading in a tight range.

Although he strongly believes the resolution of Ripple's lawsuit with the U.S. Securities and Exchange Commission will be in favour of the XRP progenitor, vocal crypto advocate John E. Deaton has hinted at what might happen if the securities watchdog wins.

XRP Price News: XRP lawyer John Deaton said the political and economic war on crypto is real. He predicted that there might not be legislation for crypto in the United States until late 2025.

Ripple chief executive Brad Garlinghouse says his company remains financially robust despite its exposure to the now-collapsed Silicon Valley Bank (SVB). Garlinghouse says that SVB was a banking partner and held some of Ripple's cash balance.

XRP News: Ripple's native token, XRP price hasn't moved much over the past week while the biggest digital assets like Bitcoin (BTC) and Ethereum (ETH) prices have registered a remarkable recovery. However, the crypto whales seem unaffected by the recent bank crisis and its repercussions on the crypto market.

Ripple‘s CEO recently confirmed the exposure to SVB, Silicon Valley Bank, which collapsed on Friday 10 March. Thus, it begs the question what impact this will have on the XRP token and, more generally, on the entire crypto sector.

Ripple CEO Brad Garlinghouse on Sunday disclosed exposure to Silicon Valley Bank. While Garlinghouse declined to say how much capital was held at the fallen bank, he assured investors that the company remains strong.