XRP Escrow Unlocked; Will Whales Scoop More XRP?

XRP News: Ripple's native crypto, XRP encountered a minor pullback over the past week as the selling pressure took over the market. Despite a change in market sentiment, XRP price managed to remain balanced.

Timeline of Xrp

Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), is not resigning. The SEC's PR team has issued a confirmation, quelling rumors of his alleged resignation within the XRP community.

XRP Price Analysis: With a 2.82% jump in the last 24 hours, XRP Coin Price displays a remarkable recovery within an ascending triangle pattern. The coin price tests the 50-day EMA as it bounces back from the $0.47 horizontal level and prepares to challenge the psychological Mark of $0.50.

Patrick L. Riley, CEO of Reaper Financial, has hinted at an exciting development for XRP. He stated on Twitter that Arrington Capital, a digital asset management firm in blockchain-based capital markets founded in 2017, has recently filed with the SEC for an XRP-based hedge fund.

XRP remains one of the most closely watched cryptocurrencies in the market as investors monitor the ongoing legal dispute between Ripple and the United States Securities and Exchange Commission (SEC).

In a recent Video for CryptoLawUS, John Deaton, the well-known lawyer and representative of XRP holders in the SEC vs Ripple lawsuit, discusses the unease of waiting for a final ruling. Deaton recognises that people are making assumptions and expressing annoyance at how long the case has strung.

Ripple (XRP) bulls are struggling to regain momentum after media reports on June 30 claimed Citigroup might be reconsidering its partnership with Metaco — a company Ripple Labs recently acquired for $250 million. Bulls lose momentum Ripple's native token XRP had been on a steady pump for almost two months.

Bill Morgan, who is qualified to practice law in both the UK and Australia, recently expressed his disapproval of Coinbase due to its handling of XRP. Morgan's criticism comes despite his support for Coinbase in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC).

Ripple, a leading player in the cryptocurrency space, recently addressed some common misconceptions about blockchain technology and digital currencies. In a blog post titled “5 Crypto Myths No Business Leader Should Believe,” the cross-border payments specialist emphasized the growing importance of crypto and blockchain technologies in shaping the future of business and finance.

XRP Lawsuit News: A delay in the long running U.S. Securities and Exchange Commission (SEC) Vs Ripple lawsuit summary judgment has kept the entire crypto industry waiting. A ruling over Ripple's native crypto, XRP token's nature is expected to clear a huge confusion over secondary sales.

Eswar Prasad, Indian-American economist and Tolani Senior Professor of International Trade Policy at Cornell University, recently spoke at the 2023 Summer Davos about the fact that Retail Central Bank Digital Currencies (CBDCs) have been the subject of tests in several nations, including China, Sweden, India, Brazil, and Japan. Engaging in this context is that these nations already have effective domestic retail payment systems in place.