XRP is the native token of the XRP Ledger, and the cryptocurrency used by the Ripple payment network. 

It's built for enterprise use on a global scale and helps power cost-efficient cross-border payments.

Ripple CEO Brad Garlinghouse has revealed that his company is spending $200 million defending itself against the SEC in its lawsuit over xrp. The executive expects a decision on the lawsuit in three to six months.

Ripple CEO Says Company Spends $200 Million Fighting SEC Lawsuit Over XRP, Ruling Could Come in 3 Months

Ripple's (CRYPTO: XRP) ongoing legal battle with the United States Securities and Exchange Commission (SEC) has already cost the company a staggering $200 million, according to its CEO Brad Garlinghouse. Speaking at the Dubai Fintech Summit on May 8, Garlinghouse shared his concerns about the lack of regulatory progress in the U.S. compared to advancements in the United Arab Emirates and the European Union's recent Markets in Crypto-Assets (MICA) bill, Cointelegraph reported.

Ripple CEO Reveals A Staggering Amount Spent On Legal Battle With SEC

Solana

Xrp plunged to a six-week low on Monday, as cryptocurrency markets moved further into the red. The global crypto market cap fell by over 3% to start the week, which comes days ahead of the upcoming U.S. inflation report. Solana also declined, hitting a multi-week low.

Biggest Movers: XRP, SOL Move 5% Lower to Start the Week

The U.S. puts politics ahead of policy, Brad Garlinghouse has said at the 2023 Dubai Fintech Summit.

Ripple's Tussle Against SEC to Cost the Firm $200M, CEO Garlinghouse Says: Report

Crypto lawyer and XRP supporter John Deaton says that the U.S. Securities and Exchange Commission (SEC) is moving in the wrong regulatory direction at the expense of retail investors. Deaton tells his 263,500 Twitter followers that SEC officials have had more than enough time to create greater regulatory clarity around cryptocurrencies.

Pro-XRP Lawyer Says US Moving Backwards on Regulatory Clarity, Argues SEC Has Failed To Protect Investors

Ripple (XRP) has fallen below the moving average lines. The cryptocurrency value is bearish and approaching the current support level of $0.44.

Ripple Stops Above $0.44 Support As Trades Show Indifference

Lawyer John Deaton says U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler is pushing legal boundaries for accusing technology company Ripple of violating securities laws.

SEC Chair Gary Gensler Straying Into Dangerous Territory With Ripple Lawsuit, Says Pro-XRP Lawyer

Ripple says that the U.S. Securities and Exchange Commission (SEC) recently suffered a setback in the lawsuit that the markets regulator filed against the payments firm alleging XRP to be an unregistered security.

Ripple Says SEC Suffered Setback in XRP Lawsuit, Predicts When Summary Judgment Will Be Delivered

Ripple has continued to sell XRP only in connection with its international transaction product.

Ripple Sold $336M Worth of XRP Tokens in Q1; Reports Strong XRPL Growth

The Ripple (XRP) price was trapped between the moving average lines last week.

Ripple Fluctuates In A Range, But Struggles With High At $0.48

Cardano

Xrp plunged to a multi-week low in Friday's session, as the token slipped for a third consecutive session. The move pushed prices to their lowest point since late March, with the global market cap trading 2.39% lower as of writing. Cardano also fell to a two-week low.

Biggest Movers: XRP, ADA Drop to Multi-Week Lows on Friday

The price of Ripple (XRP) is falling as buyers are unable to get above the $0.55 resistance level.

Ripple Continues Its Downward Slide And Targets The Low At $0.43

Cardano rose to its highest level in seven-months on April 14, as cryptocurrency markets remained bullish. The global crypto market cap rose by as much as 2.25% on Friday, with bitcoin moving above $31,000. Xrp was another notable gainer, as the token hit a two-week high.

Biggest Movers: ADA Surges to 7-Month High, as XRP Extends Recent Gains 

Attorney and XRP supporter John Deaton is warning of a harsher regulatory environment for the crypto industry if the U.S. Securities and Exchange Commission (SEC) emerges victorious in its lawsuit against Ripple.

Pro-XRP Lawyer Warns of More Regulatory ‘Aggressiveness' Against Crypto Industry if SEC Wins in Ripple Lawsuit

The Ripple (XRP) price is rising, but the upward movement has encountered resistance at $0.55.

Ripple Risks Decline As It Enters Overbought Region At $0.55

Montenegro intends to create and issue its own digital currency with help from U.S.-based crypto company Ripple. The Southeast European nation, which adopted the euro unilaterally, is moving to realize the plan despite the eurozone developing a digital version of the common currency.

Despite Using Euro, Montenegro to Develop Own Digital Currency With Ripple

Payments firm Ripple has penned a deal with Montengero to launch a CBDC pilot program, according to the country's central bank. In a press release, The Central Bank of Montenegro (CBCG) says it has agreed to work with Ripple in developing a “strategy and pilot program” for launching the country's first CBDC or “national stablecoin.

Ripple Signs Central Bank Digital Currency (CBDC) Deal With Montenegro – Is XRP Involved?

Bitcoin

A closely followed strategist says that Bitcoin (BTC) could be on the verge of a breakout rally that may propel the king crypto to a level last seen in April 2022.

Popular Analyst Unveils Breakout Target for Bitcoin, Updates Forecast on XRP and One Low-Cap Altcoin

Retail or non-professional investors powered XRP higher in recent weeks as large investors sold into the rally.

XRP's Four-Week Rally Was Led by Retail Investors: Kaiko

The pilot will see the central bank identify the practical application of a national stablecoin and come up with a design to simulate its circulation.

Montenegro's Central Bank to Develop CBDC Pilot With Ripple

One crypto legal expert says the U.S. Securities and Exchange Commission (SEC) has not proven that XRP is a security in the regulator's lawsuit against Ripple Labs. In a lengthy thread, attorney and XRP supporter Jeremy Hogan tells his 263,300 Twitter followers why he believes the SEC has so far failed to prove XRP is a security.

The SEC Has Failed To Prove XRP Is a Security in Ripple Lawsuit, Says Attorney Jeremy Hogan

Ripple CTO David Schwartz says he wants to have as many people as possible to have no barrier to using XRP. In a tweet to his 434,000 Twitter followers, Schwartz says that he is often asked about whether certain technologies should be exclusively compatible with XRP.

Ripple CTO Explains How XRP Can Reach As Many People As Possible

Crypto legal expert Jeremy Hogan is predicting one possible outcome in the U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple. The pro-XRP attorney tells his 262,800 Twitter followers that a judge may rule the sale of the payment token only violated US securities law for a certain time period.

SEC vs. Ripple Lawsuit: Pro-XRP Lawyer Outlines One Possible Outcome if Judge Decides To ‘Split the Baby'

The price of Ripple (XRP) is moving in the bullish trend zone but is bearish.

Ripple Recovers From Support At $0.48 And Takes Aim At The High At $0.55 Again

Ripple has spent over $100 million fighting the SEC. Financial advisors should pay attention to Ripple's trial, as it could have significant consequences to how we define securities.

News for XRP Crypto (XRP)