XRP Price Prediction and Forecast: For the next 24 hours, the price of XRP is projected to be in the range of $ 1.02 and $ 1.17.
Currently, XRP Ripple is trading at $ 1.074, which is 1.95% higher over the past 24 hours.
Daily low: $ 1,025 Day high: $ 1,099
Ripple XRP News Today Update! SEC appeals
XRP Price Prediction and Forecast: Will the SEC End Its Charade on Crypto?
For years, the crypto market has been subject to increasing control by the US Securities and Exchange Commission. The most affected is XRP. Regulators’ lack of clarity about what should and shouldn’t be allowed and why has had a major impact on XRP. Recently the US Securities and Exchange Commission (SEC) refused to provide any documents relating to its “trading preclearance decisions” for XRP. Ripple had filed a motion to understand the SEC’s trading guidelines regarding digital asset trading and whether the regulator would allow its employees to trade XRP. However, the SEC denied Ripple’s request, causing panic in the market and leading to strong sales.
When the lawsuit against Ripple came in December 2020, $ 15 billion worth of Ripple was wiped off the market. Because of this lawsuit, XRP has yet to be listed by Coinbase. However, it is not yet clear when the SEC will make an open announcement rather than having a back door discussion.
XRP Price Prediction and Forecast: Will Coinbase Bring XRP Again?
On September 9th, Coinbase Pro Exchange started displaying XRP trading pairs (XRP / BTC, XRP / USD, XRP / GBP and XRP / EUR). Coinbase previously had XRP due to the ongoing legal battle between XRP. removed for trading on its platform and Securities & Exchange Commission (SEC).
Because of this, XRP’s price jumped nearly 13%, but Coinbase denied the re-listing rumors. After clarification, the price of XRP fell again by 10%.
Coinbase wrote on its Twitter handle: “As previously announced, Coinbase has stopped trading XRP. Due to a technical problem, XRP was temporarily visible in the Coinbase Pro mobile app for some customers, but it was not tradable. “
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The XRP price holds above the stiff support, which can catapult prices by 30%
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Ripple Price Analysis: XRP / USD is declining for the next 24 hours
XRP Price Prediction and Forecast: Why Has XRP Price Dropped?
In the last 24 hours the prices of altcoins like Cardano, Dogecoin, XRP have collapsed. XRP has lost more than 15% in the past 24 hours. It is noteworthy that XRP has been the most vulnerable coin to any disruption in the crypto market. The manufacturer’s Ripple Lab is already facing a lawsuit with the Securities and Exchange Commission. In addition, the certain downward trend in the XRP price caused panic among investors who preferred to sell it rather than hold it.
In addition, the US Securities and Exchange Commission has refused to provide any documents relating to its “trade rulings” for XRP. On August 27, Ripple filed a motion to understand the SEC’s trading guidelines regarding digital asset trading and whether the regulator will allow its employees to trade XRP. However, the SEC denied Ripple’s request, causing panic in the market and leading to strong sales.
In addition, the UK’s Financial Conduct Authority warned that celebrities like Kardashian used the investors but tricked them into investing in the altcoins. As a result, panic arose among investors that directly affected the price of altcoins like XRP.
XRP Price Prediction and Forecast: What is XRP?
XRP is a cryptocurrency developed by Ripple Labs. Ripple Labs offers payment processing, asset exchange, and remittance systems related services. It was essentially designed to replace SWIFT, a leading money transfer network. After becoming an open coin in 2012, Ripple launched its cryptocurrency, XRP. The purpose of XRP was to serve as an intermediate mechanism for exchanges between two currencies or networks.
XRP Price Prediction and Forecast: Difference Between XRP and Bitcoin?
- XRP is easy to mine or pre-mined and is much cheaper and faster in terms of transaction. Bitcoin, on the other hand, uses a complicated mining system. The mining cost and time are higher and it can sometimes take many minutes to complete the transaction.
- The supply of Bitcoin is limited and it depends on the miners when they release the coin in the market, while for XRP Ripple plans to release coins in the market. A small contract is used to release XRP in the market.
- XRP’s transaction validation is performed by the Ripple Network, which uses a unique distributed consensus mechanism to validate transactions. Validating Bitcoin transactions requires huge amounts of energy that is not good for the climate.
XRP Price Prediction and Forecast: Price prediction for December 2021
Price prediction for December 2021
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XRP Price Prediction and Forecast: Market Cap and Circulation
The current fully diluted market cap of XRP is $ 112,010,097,005, while the market cap of XRP as of September 8th, 2021 is $ 51.8 billion.
The total circulation of XRP is currently 46.54 billion.
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