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Amid the downturn in the global financial technology market, the rumored Ripple Initial Public Offering (IPO), a highly anticipated event, could be affected by a potential delay.
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Bitcoin (BTC) has started the week on a negative note. The failure of the bulls to pierce and sustain above the $38,000 resistance has given a small window of opportunity for the bears to try and make a comeback. Strong selling has pulled the price below $37,000 on Nov. 27.
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Ripple CEO Brad Garlinghouse expressed his astonishment in response to former Securities and Exchange Commission (SEC) Chair Jay Clayton’s recent statements.
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XRP has had a relatively quiet price performance over the past week. However, recent data revelation points to massive on-chain activity for the altcoin in the last seven days.
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XRP (XRP) price may rally over 20% in the coming weeks thanks to a classic bullish continuation setup.
XRP price enters bull flag breakout stage
The so-called bull flag pattern develops when the price consolidates inside a parallel channel after a strong uptrend.
A prominent figure in the XRP community has revealed how the XRP price can hit $10,000. In his view, this gigantic milestone will be attained through the utility XRP will provide to users globally. His view happens to be something similar to that of Ripple CEO Brad Garlinghouse.
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Ripple seems to be paying more attention to macro-financial factors and less attention to short-term price fluctuations these days.
An executive statement that emphasizes this shift suggests that Ripple is focusing on the international cross-border payment market.
Bitcoin (BTC) broke above the overhead resistance of $38,000 on Nov. 24, indicating that the sentiment is positive and bulls have kept up the pressure.
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Pseudonymous crypto analyst CryptoBull has taken to X (formerly Twitter) to paint a rather bullish picture of the future of the XRP price. The crypto analyst sees a massive breakout that would push the altcoin’s price above its previous all-time high, and potentially put it as high as $470.
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In a recent conversation on X, David “JoelKatz” Schwartz, the Chief Technology Officer of Ripple, delved into the intricate dynamics between XRP and the company’s decision to move away from a traditional Initial Public Offering (IPO).
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Traders hate uncertainty; hence, the settlement between Binance, Changpeng “CZ” Zhao and the United States Department of Justice is likely to be viewed as a positive for the cryptocurrency space.
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In the wake of Binance’s settlement with the Department of Justice (DOJ), Ripple’s Chief Legal Officer (CLO) Stuart Alderoty has highlighted an important point as it relates to crypto regulation in the country.
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