Ripple CEO Brad Garlinghouse has slammed Securities and Exchange Commission (SEC) Chairman Gary Gensler for claiming that he has the authority to determine which crypto tokens are securities, rather than relying on the legislation that governs his agency’s power. “It’s time for elected officials in the U.S. to take notice,” the Ripple executive stressed. Ripple’s […]

Ripple CEO Slams SEC Chair Gensler for Dictating Which Crypto Tokens Are Securities

The token's surge is due to speculation around a long-running legal battle with the SEC, analysts say.

XRP Surges on 'Investor Hope' That Ripple Defeats SEC

Mask Network’s MASK token surged over 68%, becoming the top-performing token for the month. XRP rose 41%.

Crypto Market March Roundup: Bitcoin Rises Amid Banking Uncertainties, Macro Headwinds

Deep-pocketed crypto investors are suddenly shifting hundreds of millions of dollars worth of Bitcoin (BTC) and XRP as the markets trade sideways. According to new data from whale-surveying platform Whale Alert, crypto whales have abruptly moved over 500 million worth of the top crypto asset by market cap in just 24 hours, the biggest transaction […]
The post Bitcoin and XRP Whales Abruptly Move Over $650,000,000 Worth of Crypto in Just 24 Hours appeared first on The Daily Hodl.

Bitcoin and XRP Whales Abruptly Move Over $650,000,000 Worth of Crypto in Just 24 Hours

XRP was in the middle of a bullish wave, growing 24% over the past week and 40% over the last month. XRP Ledger’s network growth reached a three-month high on 29 March. The XRP Ledger (XRPL) is a layer-1 blockchain developed by Ripple [XRP] which functions as a global payments network, serving major banks and […]

XRP unveils a key technical feature amidst a bullish wave


                    
                    The exchange shared that all customer funds are safe but advised its U.S. customers to withdraw their funds by April 30, 2023.
                    Cryptocurrency exchange Bittrex has announced it will be winding down its operations in the United States due to the challenging regulatory and economic environment. The announcement was made on the platform's ninth anniversary, marking a bittersweet moment for the company. Due to continued regulatory uncertainty, we have made the difficult decision to wind down our U.S. operations, effective April 30, 2023. All funds are safe and can be fully withdrawn immediately. This does not affect customers of @BittrexGlobal https://t.co/MY4u7XLk9z— Bittrex (@BittrexExchange) March 31, 2023

Co-founder and CEO Richie Lai shared that as the crypto ecosystem evolved, regulatory requirements have become increasingly "unclear" and "enforced, without appropriate discussion or input," leading to an uneven competitive landscape. This environment has made it economically unviable for Bittrex to continue its operations in the U.S.Thank you everyone.... <3 ;( pic.twitter.com/kq8nTRT0Aj— Richie Lai (@richiela) March 31, 2023

The company's founders have decided to focus on helping Bittrex Global succeed outside the U.S. Bittrex clarified that U.S. customers don't have to worry about the safety of their funds, as all of their capital is safe and available for withdrawal. The platform shared that it will permit trading until April 14, 2023, but advised customers to withdraw all funds by April 30, 2023.Founded in 2014 by three cybersecurity engineers, Bittrex offered features like full-service API, near-instant atomic transactions, wallet infrastructure, and offline cold wallet solutions.Related: Elizabeth Warren is pushing the Senate to ban your crypto walletThe winding down of Bittrex's U.S. operations is a reminder of the challenges faced by cryptocurrency businesses in navigating an uncertain regulatory environment.On March 3, Ripple CEO Brad Garlinghouse warned that the Securities and Exchange Commission's regulatory approach puts the U.S. at “severe risk” of missing out on being an attractive hub for the next evolution of blockchain and crypto innovation.In a Bloomberg interview, Garlinghouse suggested that the crypto industry has “already started moving outside” of the U.S. because the country's crypto regulation is “behind” other nations like Australia, Japan, United Kingdom, Singapore and Switzerland.

Crypto exchange Bittrex to wind down operations in the US

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BIG BATTLE UNDERWAY as XRP Price Chart, Bitcoin, Ethereum and Altcoin Market Press BIG RESISTANCE

The Ripple boss believes crypto should be regulated by legislation and not from the SEC's perspective.

Ripple CEO Calls on US Lawmakers to Look into SEC Chair Gensler’s Crypto Assertions


                    
                    Most altcoins posted a below-par performance in March, but XRP, XLM, CFX, XDC and MASK defied the trend by posting double-digit gains.
                    Bitcoin’s dominance over the crypto market, which represents its share of market capitalization relative to the total cryptocurrency market capitalization, rose steeply from around 44% to highs of 48% in March. While Bitcoin’s price increased by 22.7% during the month, most altcoins yielded subpar or negative returns. However, there were some outliers which showed a second month of positive momentum. Take for example, XRP, which saw steady positive momentum as investors expect a positive outcome in its U.S. court case against the SEC. Tokens with highest 30-day returns in the top 100 by market capitalization. Source: CoinMarketCapConflux NetworkConflux Network continued its positive run from February, nearly doubling its price in March. The project’s team continued to strengthen its partnerships in China by adding XCMD, the world’s third-largest construction machinery manufacturer and Zen Spark Technology.The Conflux team also supports the development of permissionless applications. It has established a grants program to promote its ecosystem development.The CFX token tested the support between $0.10 and $0.20 and continued its positive run to reach a new yearly high of $0.46. The market structure of the token with higher highs and higher lows looks bullish, with a potential target of $0.80. It represents the breakdown level from the 2021 bull run. CFX/USD price chart. Source: CoinGeckoXRP Ripple's chances of winning the court case against the Securities Exchange Commission (SEC) improved on March 21 after the presiding judge, Analisa Torres, decided to exclude an expert's opinion explaining how XRP could be a security.On March 27, another U.S. regulatory move was a blessing in disguise for XRP holders. The Commodity Futures Trading Commission (CFTC) in the U.S. charged Binance with improper compliance procedures and market manipulation.The regulatory body classified Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) as commodities in the filing. Some believe that this classification will extend to XRP as well. Thus, effectively refuting the SEC's claim of XRP being a security. The market's expectation of Ripple winning the case against the SEC pushed XRP's price to new yearly highs.If Ripple goes on to win the case against SEC, the bullish momentum in XRP will likely continue in the medium to long term.XRP is currently facing resistance from the peak levels of 2022, around $0.53. A successful breakout above this level could launch the price toward previous support and resistance levels around $0.65 and $0.90.Notably, the Relative Strength Indicator (RSI), which measures the momentum of price moves relative to volume, shows that XRP has reached overbought levels. It raises the possibility of a correction toward the $0.45 level.XRP/USD daily price chart. Source: TradingViewStellar Stellar's XLM token benefited primarily due to its strong positive correlation with XRP. The correlation coefficient between XLM and XRP price movement usually stays above 0.7.Behind the scenes, the Stellar Organization is making efforts to increase the adoption of Stellar Network for remittances across third-world countries like Africa. Stellar is also working with international payments provider Money Gram to integrate the Stellar Network into facilitating global payments.Technically, the XLM/USD pair has broken out above the resistance level of $0.10. If buyers consolidate above this level, the pair can target upside to $0.15 and $0.24. On the flip side, if the bullish breakout fails to materialize, XLM can fall back toward support at $0.08. XLM/USD daily price chart. Source: TradingViewXDC Network (XDC)XDC network combines a permissioned and public chain that addresses scalability and security. The XDC token is the fuel of the network used to pay network fees and deploy applications. The network supports EVM-compatible smart contracts, protocols, and atomic cross-chain token transfers. It also fully complies with the ISO-20022 message standard, an internationally accepted standard for electronic data interchange between financial institutions.The top public blockchains in the XDC ecosystem include Ecoin, Stasis Euro, and Gobiance Exchange. These are relatively lesser-known projects trading on second-tier exchanges like HitBit and BitMart. It paints a dull picture of the project’s ecosystem development with permissionless blockchains. On the enterprise side, the project has established decent partnerships with brands like Travala and Guarda Visa cards. The factors promoting the recent price increase include the introduction of a DAO and the active role played by the management firm, XinFin, responsible for the development and managing the blockchain. XinFin recently decided to decentralize the governance of the blockchain by forming a DAO. After deployment in May 2023, the community will get to decide on the distribution of ecosystem funds to promote development. A Web3 meetup in Dubai hosted by XDC Network with over 60 developers worldwide also promoted the blockchain's ecosystem growth. The technical setup of the XDC/USD pair shows that it is at the edge of a bullish breakout. If buyers stage a breakout above the $0.045 level, the pair can likely shoot toward targets 0.064 and beyond. In case of a downside, the support level of $0.02 will be crucial for buyers.The Klinger Oscillator, a momentum indicator, paints a similar picture with a reading at zero. Positive buying action from the current levels will move the indicator into positive territory, usually a bullish sign.XDC/USD daily weekly price chart with Klinger Oscillator. Source: TradingViewRelated: Top 5 crypto winners (and losers) of 2022Mask Network (MASK)The Mask Network bridges Web2 and Web3, enabling cryptocurrency transactions directly through Web2 websites.More than 40,000 users have installed the Mask Network Chrome extension. The browser extension currently supports several decentralized applications (dApps), including Uniswap and SushiSwap, and is compatible with many social media platforms, including Twitter and Facebook.The network's Facebook integration has met with some complaints. After Elon Musk's acquisition, it mainly benefits from its Twitter integrations and the hype around cryptocurrency integrations on the social media platform. This adds considerable speculation in the token's price as the nature of Twitter's adoption is still unknown.On March 9, the token obtained a listing on the BTSE exchange, improving the liquidity and volume of the token. The project was one of the recipients of the ARB airdrop, receiving 257,540 ARB tokens.The MASK token is the governance token for the project, which is discouraging as it does not accrue yield from the network's usage. However, over 76% of the token's supply is already in circulation; it has a relatively low inflation rate.MASK/USD daily price chart. Source: TradingViewThe MASK/USD pair broke above 2022 highs of $6.10, a positive sign for technical buyers. The RSI indicator is in bullish territory and has cooled off from the overbought region, providing room for more upside.The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.



XRP, XLM, CFX, XDC and MASK rank among the top 5 altcoin gainers in March

Following XRP’s massive price increase in recent weeks, the question on everybody’s mind is: “Is XRP a good investment?” We examined key market data to find out.

Is XRP a Good Investment in 2023?

Despite the recent price jump, social media perception surrounding XRP remains negative. 
On-chain data suggests more gains ahead for the Ripple ledger native coin.
The post All Lights Green for Ripple (XRP) as Bulls Pile in Despite Lawsuit Uncertainty appeared first on BeInCrypto.

All Lights Green for Ripple (XRP) as Bulls Pile in Despite Lawsuit Uncertainty

Crypto news: We bring you a roundup of what’s been happening in crypto this week. And the biggest news event of the week came in the form of a bill presented to Congress which may have grave implications for virtual private network (VPN) users. The bipartisan “Restricting the Emergence of Security Threats that Risk Information … Continued
The post This Week in Crypto: VPN Users Face Jail?, Ripple XRP Skyrockets, and Bye-Bye Beaxy appeared first on BeInCrypto.

This Week in Crypto: VPN Users Face Jail?, Ripple XRP Skyrockets, and Bye-Bye Beaxy

Ripple is this week's clear winner in terms of price performance, surging by 20%. Meanwhile, the CFTC filed a lawsuit against Binance, including its CEO Changpeng Zhao.

Ripple (XRP) Explodes 20% Unfazed by Binance-CFTC Lawsuit, Bitcoin Consolidates: This Week’s Crypto Recap

XRP Price Prediction: Within a fortnight, the XRP price witnessed an aggressive rally and reached a ten-month high of $0.58. However, the buyers could not sustain at a higher level and plunged immediately below the $0.55 monthly resistance. Moreover, the long-wick rejection attached to the daily candle indicates the sellers are active at this level 
The post XRP Price Prediction: Supply Pressure at $0.55 Threatens XRP Price for Temporary Correction; Buy Again? appeared first on CoinGape.

XRP Price Prediction: Supply Pressure at $0.55 Threatens XRP Price for Temporary Correction; Buy Again?

XRP Perpetual Futures Open Interest (PFOI) has shot up significantly since March 24 to around $610 million at its peak. 
The post XRP Perpetual Futures Open Interest skyrockets to $610 million appeared first on CryptoSlate.

XRP Perpetual Futures Open Interest skyrockets to $610 million

The chief executive of Ripple Labs, Brad Garlinghouse, has requested that U.S. lawmakers swiftly address recent comments made by SEC chair Gary Gensler, who indicated that rules for the crypto market already exist — and no new rules need to be written.

Ripple Boss Urges Congress To Address SEC Chairman’s Latest Wild Assertions On Crypto


                    
                    XLM price is playing catchup to XRP's March gains, quickly rising 25% versus the U.S. dollar while the XLM/XRP pair bounces from record lows. 
                    The price of Stellar (XLM) rebounded 15% versus its arch-rival XRP (XRP) two days after the XLM/XRP pair set a record low of 0.181.Notably, the XLM/XRP pair rose to its intraday high of 0.20 XRP on March 31, a move that coincided with a decoupling between Stellar and XRP in the U.S. dollar market. For instance, XLM's price has jumped over 11% since March 29 versus XRP's 3% decline.XLM/XRP weekly price chart. Source: TradingViewXLM price eyes 10% gains versus XRP in AprilOn a broader timeframe, XLM has dropped 89% versus its peak of 1.655 XRP in January 2021. Interestingly, the peak formed a month after the U.S. Securities and Exchange Commission sued Ripple for allegedly selling securities in the form of XRP tokens. The SEC vs. Ripple case is now nearing its conclusion with legal experts favoring a win for Ripple. Meanwhile, XLM continues its long-term downtrend against XRP, though a rebound in April is on the cards.On the daily chart, the XLM/XRP's ongoing recovery started at its multi-month descending trendline resistance, which constitutes a falling channel, as shown below.XLM/XRP daily price chart. Source: TradingViewThe pair now looks toward flipping the 0.198-0.207 XRP resistance range as support to eye a run-up toward 0.22 XRP in April, up 10% from current prices.XLM looks equally bullish versus the U.S. dollarStellar price rallied more than 25% in March to reach $0.113, its highest level in four months. XLM is now positioned for a potential short-term price correction in the first week of April, followed by a rebound rally to new yearly highs.At the core of this bullish outlook is a classic technical pattern dubbed cup-and-handle. The pattern forms when the price undergoes a U-shaped recovery, or cup, followed by a consolidation period, i.e. the handle, all under a common resistance level called "neckline."Meanwhile, it resolves after the price breaks above the neckline and rises by as much as the distance between the cup's bottom and neckline.Notably, XLM has been painting a similar cup-and-handle since November 2022. XLM/USD entered the pattern's breakout stage during its price boom in March and is now 20% away from reaching the breakout target near $0.131.XLM/USD daily price chart. Source: TradingViewNonetheless, XLM's daily relative strength index (RSI) has entered its overbought zone above 70, suggesting a consolidation or correction period in the first week of April. As it happens, XLM price risks correcting toward its neckline at around $0.095, down 12% from current price levels.Related: Why is XRP price up today?Ideally, traders perceive such corrections as a method to analyze cup-and-handle's breakout strength. So the breakout scenario will be confirmed when the price bounces from the neckline, accompanied by a rise in trading volumes.Conversely, if the price closes below the neckline with a rise in volumes, it risks invalidating the cup-and-handle breakout scenario altogether.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.


Stellar's XLM bounces 15% two days after hitting record low versus XRP

As the legal battle between the United States Securities and Exchange Commission (SEC) and Ripple continues, the cryptocurrency community is … Continued
The post Investors bet big on Ripple’s win against SEC as XRP futures trading doubles appeared first on Finbold.

Investors bet big on Ripple’s win against SEC as XRP futures trading doubles

The latest price moves in bitcoin (BTC) and crypto markets in context for March 31, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Ripple Labs' XRP Token Marches Forward

The XRP price has been on an extremely strong rally over the past 11 days, rising more than 56%. The sudden awakening of the price from a months-long consolidation phase comes in light of rumors that a decision in the legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) could be imminent. Even renowned trader Peter Brandt has published an analysis on the XRP price recently, although he doesn’t actually like the cryptocurrency, to put it nicely. However, Brandt has spotted an extremely rare chart pattern that could propel the price to $3, as NewsBTC reported. Recent data from Kaiko, a leading source of cryptocurrency market intelligence, shows that futures traders are also getting bullish on the XRP price. Kaiko shared the chart below today and stated: XRP perpetual futures open interest more than doubled this week on bets that a possible victory in Ripple’s lawsuit against the US SEC will trigger an alt season. Crypto analyst Tara stated in her latest XRP tweet that she initially expects some consolidation following the strong rally. Using the ABC wave theory and Fibonacci retracement levels, she predicts that XRP will first fall towards $0.49 before new highs are possible. XRP bounced off of our first buy target at $.529! I have the full ABC as shown below. We’re currently at Wave B ($.557). Wave C is now landing perfectly on the 382 fib which is our second buy target at $.494! A Damper For The XRP Price? Whether a ruling will be made soon in the court case between Ripple and the SEC is pure speculation. XRP Community attorney John E. Deaton had expressed several times in recent weeks that he expects a ruling by the end of April. The basis for his assumption are the previous rulings of judge Analisa Torres. Related Reading: XRP Breaks Major Trendline, Rises 49% Amid Regulatory Uncertainty However, a settlement between Ripple and the SEC seems far from reality at the moment, as Bill Morgan, another lawyer from the community noted today. Morgan is referring to a tweet from Ripple CEO Brad Garlinghouse, in which he again attacks the SEC harshly. Garlinghouse writes: For the Chair of the SEC to assert that he dictates what is a security – and not the legislation from which his agency derives its power – is beyond comprehension. It’s time for elected officials in the US to take notice. When you behave like an autocrat running a $2.2B bloated agency, why would you ever want to provide clarity about what’s “in or out”? Without clear jurisdiction, ambiguity masquerades as power. Read that again. According to Morgan, the never-ending criticism of the SEC by various Ripple executives suggests that the company does not plan to settle with the regulator. Related Reading: XRP Price To $3? Peter Brandt Spots Extremely Rare Pattern “I guess [Garlinghouse] and Stuart Alderoty hammering the SEC and Gensler in recent tweets means you are not about to sign a settlement agreement, in which case hammer away,” Morgan asserted. Meanwhile, the XRP price was trading at $0.5316 at press time, trying to hold the first support around $0.53. If this breaks, the most crucial support will be at $0.49. In the short term, today’s release of the PCE in the US (8:30 am EST) could decide the direction of the next movement of the price. However, in the medium term, the outcome of the litigation and expectations about it are likely to be the main price drivers in April. Featured image from iStock, chart from TradingView.com

Where Is The XRP Price Heading As Perp Open Interest Doubles?

Predictions on what the future holds for Ripple in the long term have been making rounds within the Ripple community while XRP supporters await a ruling from the Judge.