Popular XRP community member Ashley Prosper has taken to the X (formerly Twitter) platform to highlight why the U.S. SEC is actively pursuing the Ripple case. 

#RippleVsSEC #RippleUpdate #SEC #Crypto #CryptoNews🔒📰🚫

Ripple executives have reacted to the SEC’s bogus announcement regarding the approval of all Bitcoin spot exchange-traded fund (ETF) applications.
Read more on: https://thecryptobasic.com/2024/01/10/ripple-execs-react-to-sec-bogus-approval-announcement-of-bitcoin-spot-etf/
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As Bitcoin exchange-traded funds (ETFs) received regulatory approval in the US, one ETF provider sees doors opening for additional digital asset offerings. Valkyrie Investments CEO Steven McClurg recently shared positive outlooks for both Ethereum and XRP, landing SEC-sanctioned ETFs in the wake of a long-awaited Bitcoin fund green light.McClurg contends that with Bitcoin potentially establishing a viable path forward, filings tracking other top crypto assets could soon follow. Valkyrie itself aims to be part of those future waves, tailoring products to match growing institutional investment demand.Grayscale adds XRP to crypto fundIn assessing XRP’s chances, McClurg pointed to recent progress around Ripple’s embattled native token. Grayscale’s surprising move last week to re-add XRP to its Digital Large Cap fund signals thawing sentiment toward the asset tied up in an SEC lawsuit.McClurg believes this shift, along with advancing legal clarity and functionality for XRP, could incentivize ETF issuers to craft XRP investment vehicles. As for Valkyrie, he didn’t rule out getting involved under the right conditions.Source: GrayscaleGrayscale could launch a dedicated XRP TrustThe context around Grayscale’s change of stance is informative. After delisting XRP from its fund in early 2021, observers believe last week’s shock re-addition implies eventual plans for a standalone XRP investment trust.Grayscale enjoyed massive success with its Bitcoin Trust product. If Grayscale seeks to replicate even a fraction of that phenomenon with a new XRP Trust, the creation of an SEC-approved XRP ETF likely won’t be far behind.Of course, uncertainty still dominates the landscape for additional crypto ETFs. McClurg clarifies that Valkyrie sees beyond Bitcoin, with ambitions to satisfy investor appetites for products providing exposure to Ethereum, XRP, and other digital assets.If the floodgates ever open, expect the ETF issuer landgrab across cryptocurrencies to be as intense as the ongoing competition to secure the first SEC Bitcoin ETF approval.Don't forget to vote for fullo ❤️❤️❤️❤️❤️❤️Vote for fullo ❤️❤️❤️❤️❤️❤️❤️❤️❤️❤️#RippleUpdate #dyor

Legal documents in the Ripple vs. SEC case claim Ripple leveraged trading bots from GSR to increase the XRP price and not suppress it, as earlier speculated by community members.

Read more on: https://thecryptobasic.com/2024/02/29/legal-docs-claim-ripple-used-gsr-trading-bots-to-increase-xrp-price-not-suppress-it/
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The renowned American crypto payment firm Ripple has highlighted the role of XRP in the estimated $2.7 trillion fintech market opportunity in the African continent.
Read more on: https://thecryptobasic.com/2023/12/05/ripple-cites-xrp-role-in-estimated-2-7-trillion-market-opportunity-in-african-fintech-space/
#Ripple-XRP #RippleUpdate #XRPUpdate #CryptoisBetter #CryptoNews🔒📰🚫

According to Binance, the price of XRP skyrocketed to $0.63 as Ripple continued its upward trajectory.
On the basis of Bitcoint developments, Ripple analyst Austin Hilton forecasts that the price of XRP will increase to $1.80.
As the alternative cryptocurrency experienced a decline from its monthly high of $0.70, the price of XRP stayed fairly steady throughout the course of the last month.
Following the positive triggers of 2024, the native token of the XRP Ledger, XRP, is projected to see a rise that reaches a top of $1.80 . Both the imminent halving event for Bitcoin and the legalization of Spot Bitcoin Exchange Traded Funds (ETF), which is much anticipated, are scheduled to take place in the year 2024.
As indicated by the information provided by Macroaxis, the correlation between XRP and Bitcoin over a period of thirty days is 0.89. As a result, Ripple has a strong correlation with Bitcoin, and as a consequence, the bullish events that occur in Bitcoin have an effect on XRP.
Following the halving of the supply and the expected introduction of Spot Bitcoin ETFs in the first half of 2024, cryptocurrency analysts projected that the price of XRP would skyrocket by a significant amount.
Hilton is of the opinion that the price of XRP is expected to increase to $1.80 or higher as a result of bullish developments that have occurred in Bitcoin.
Updates in the litigation that the Securities and Exchange Commission (SEC) is pursuing against Ripple and the plan that the payment remittance company has for an initial public offering (IPO) are two more triggers that are likely to impact the price of XRP.
Over the course of the previous two years, events in the SEC v. Ripple litigation have had an impact on the price of the alternative cryptocurrency, and holders of XRP are hoping for a positive resolution in the case.
XRP price is anticipated to climb higher, according to technical analysis.
In the previous month, the price of XRP has stayed relatively stable, and the price of the alternative cryptocurrency is now in an upward trend. When this article was written, the price of XRP had already reached its monthly high of $0.70, but it has since seen a decline, and it is currently trading at $0.63.

In its rebound towards $0.7430, the 61.8% Fib level of the collapse from its July 13 high of $0.9403 to its August 17 low of $0.4237, the price of XRP is expected to continue making higher highs and higher lows. This is because the peak of the slide occurred on July 13.
It is possible that a trend reversal might be indicated by a daily candlestick closing below $0.6200, which would undermine the bullish thesis for the price of $XRP .

#XRP #RippleUpdate #etf