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.

Bitcoin

Some traders expect market movements nearer to Friday when Federal Reserve chair Jerome Powell is scheduled to speak at the Jackson Hole symposium.

Bitcoin Pops Over $61K, XRP Leads Gains Among Majors

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 19, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: XRP Outperforms as Digital Assets Start Week in the Red

Dennis Kelleher, CEO of Better Markets, says the U.S. Securities and Exchange Commission (SEC) has a 90% chance of winning an appeal in the Ripple lawsuit over XRP. He criticized the court ruling as flawed, arguing that the judge in the Ripple case misapplied the law.

Better Markets CEO Says SEC Has 90% Chance of Winning in Ripple Appeal — Criticizes Judge's XRP Ruling

Ripple's chief legal officer says he wouldn't be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC's rationality and expressed confidence that any appeal by the SEC would likely fail.

Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court's 10% Reversal Rate

Cardano

Dogecoin

Ethereum

Solana

In mid-August, bitcoin's price dipped below $60,000, hitting a low of $56,646 per BTC on Thursday. Currently, BTC is hovering just above $58K, sitting at $58,267, which is about 20.2% lower than its all-time high (ATH) of $73,737 reached on March 14. While BTC has seen a 20.

Top 10 Cryptos Today: Down Between 20% and 89% From All-Time Highs

While the SEC case against Ripple was decided solidly in Ripple's favor, the takeaways for the rest of the industry are limited.

What's Next in SEC v. Ripple?

The XRP or Ripple (XRP) coin price is declining and is in a sideways trend. The rising price trend has been held back by the overarching resistance of $0.64 since July 17.

XRP Price Remains Stable After Breaking Below The $0.58 Support Level

As Wall Street continues to embrace alternative cryptocurrencies, recent developments in the ongoing SEC case against Ripple Labs have once again thrust XRP into the spotlight. With a federal judge imposing a $125 million penalty on Ripple, the company's payment-focused cryptocurrency, XRP, saw a dramatic surge, outpacing major players like Bitcoin and Ethereum.

XRP On The Rise: Wall Street's Increasing Altcoin Appetite

SBI Digital Community Co. Ltd. has partnered with Ripple Labs Inc. to promote the use of the XRP Ledger in the Web3 space. The partnership will also involve issuing non-fungible tokens (NFTs) on the XRP Ledger and rewarding creators in XRP, aiming to enhance consumer experiences and make Web3 technologies more accessible.

Ripple and SBI Digital Community Partner to Advance Web3 With XRP Ledger

Traders have locked in over $2 million in XRP's $1.10 call option listed on Deribit, the highest across all available maturities.

XRP Bullish Options' Popularity Jump May Be Due to ETF Speculation, Observers Say

Ripple announced today that it has started the private beta testing of its new stablecoin, Ripple USD (RLUSD), on its own blockchain and Ethereum.

Ripple Begins Private Beta of New Stablecoin RLUSD on Blockchain and Ethereum

Ripple's chief legal officer has addressed the possibility of an appeal by the U.S. Securities and Exchange Commission (SEC) following the $125 million final judgment in the XRP case. He suggested that if the Biden-Harris administration is committed to resetting its stance on crypto, the securities regulator should not seek to appeal.

Ripple Legal Chief Discusses Potential SEC Appeal After Final Ruling in XRP Case

The U.S. Securities and Exchange Commission (SEC) has addressed District Judge Analisa Torres' ruling in the Ripple case over XRP, emphasizing the substantial financial penalties imposed on the crypto firm and its ongoing securities law violations. While Ripple celebrated the 94% reduced fine, the regulator underscored that the court acknowledged Ripple's securities violations.

SEC Addresses Final Court Ruling in Ripple Case, Highlights Key Outcomes

Ripple has kicked off beta testing for its new dollar-pegged stablecoin, Ripple USD (RLUSD), on the XRP Ledger and the Ethereum (ETH) mainnet. The San Francisco payments company notes Ripple USD is not yet available for purchase and is still subject to regulatory approval.

Ripple Kicks Off Beta Testing for Its New RLUSD Stablecoin on the XRP Ledger and Ethereum

The company moves forward with its Ripple USD (RLUSD) coin, but will still need regulatory approval for a full launch.

Ripple Starts Testing Its New Stablecoin on Ethereum and XRP Ledger

Ripple Labs has initiated beta testing for ripple usd (RLUSD), a stablecoin pegged to the U.S. dollar, on both the XRP Ledger and Ethereum mainnets. The stablecoin is currently not available for public trading as it awaits regulatory approval.

Ripple Starts Beta Testing of USD-Pegged Stablecoin on XRP Ledger and Ethereum

XRP surged by more than 27% in the 24 hours after a judge issued a long-awaited order in the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple Labs. In an order filed on Wednesday, District Judge Analisa Torres imposed a $125 million civil penalty against the San Francisco-based payments company.

XRP Skyrockets by 27% in 24 Hours After Judge Orders Ripple To Pay $125,000,000 in SEC Lawsuit

The company said it will use both Ripple USD (RLUSD) and XRP for cross-border payments services.

Ripple Begins Testing Its Stablecoin on Ethereum and XRP Ledger

Earlier this year, Ripple noted that it would launch a stablecoin to rival USDT and USDC sometime in 2024.

Ripple begins testing its stablecoin RLUSD on XRP Ledger and Ethereum

APT gained 3.9% and BCH rose 2.7%, helping to balance out XRP's losses.

CoinDesk 20 Performance Update: XRP's 7.8% Decline Weighs on Index

A widely followed crypto analyst is expressing bullish sentiment on a large-cap altcoin while updating his outlook on Bitcoin (BTC) and Ethereum (ETH).

Crypto Analyst Says Top-10 Altcoin Primed To Explode by at Least 450%, Updates Outlook on Bitcoin and Ethereum

XRP's order book on U.S. exchanges is 30% more liquid than offshore platforms.

Here's Why XRP Whales May Prefer U.S. Exchanges Over Offshore Venues

On Aug. 8, following the imposition of a $125 million civil penalty on Ripple Labs by a district judge, the firm's executives and community celebrated the outcome as a “victory.” This led to an uptick in XRP's trading volume and price. In the 24 hours leading up to the ruling, XRP rose from $0.

Following Court Ruling, XRP Price Skyrockets as South Korea Leads the Charge

A widely followed crypto analyst says that one rival of global payments network Stellar (XLM) is primed to skyrocket against Bitcoin (BTC).

Trader Says Stellar (XLM) Rival Primed To Surge Against Bitcoin, Outlines Path Forward for Dogecoin and Ethereum

Meanwhile, a U.S. judge approved a $12.7 billion settlement between FTX and the CFTC, bringing the 20-month-long lawsuit to an end.

News for XRP Crypto (XRP)