Ripple XRP News and Upcoming Events

Ripple XRP News and Upcoming Events

After briefly testing support at the price of $0.38 level, currently, Ripple XRP is trading at $0.36 level. Trading volume is also declining following the surge to $0.44 on December 24th. Traders are waiting on the sidelines for the digital asset’s next move before jumping in the market.
After announcing support for Ripple XRP deposits, eToro received backlash by the community on twitter. Managing Director of eToro UK Mr. Iqbal Gandham responded to the ripple community and addressed their concerns."Ripple XRP News and Upcoming Events"

Ripple XRP News and Upcoming Events

In other news, Uphold announced that XRP just surpassed Bitcoin BTC as their largest digital asset. Specifically, according to their website Uphold has $25.5 million in obligations for  Bitcoin BTC and $27.1 million in an obligation for Ripple XRP - quite an interesting statistic. This shows that many cryptocurrency investors are interested in XRP and definitely see potential in the digital asset.

peaking of XRP achievements, the ledger turned 6 years old on December 21st. The amount the team was able to achieve in such a short amount of time is astounding and the almost $15 billion valuations are well deserved.

The last big piece of news that happened this week was the addition of XRP as a base currency to cryptocurrency exchange - Binance. When the Binance CEO tweeted the news, the market reacted sharply rising by over 20%.

There are two upcoming events in the near future that can really help the Ripple XRP price. First is if Coinbase exchange announces the integration of the ripple with their platform. So far there has been no news from the platform, however digital assets like XRP and XLM were mention along with 29 other cryptocurrencies in Coinbase’s blog post on December 7th.

“Coinbase Cryptocurrency Exchange goal is to offer support for all assets that meet our standards and are fully compliant with local law. Over time, we intend to offer our users access to greater than 90% of all compliant digital assets”

The other upcoming event that can trigger a market movement is the SEC announcing further regulation on digital assets. While we haven’t heard anything from the SEC as of late, they recently tweeted out one of their announcements that were originally posted on October 11th earlier this year.

The news announces titled: “Investor Alert: Watch out for false claims about SEC and CFTC endorsements used to promote digital asset investments” In the post, the SEC mentions:

“Both companies will announce any official actions, including those regarding Cryptocurrency, through official government sources”

If the SEC can provide a ruling on whether or not XRP is security, that will provide clarity for businesses dealing with digital assets such as XRP and will pave the way for innovation. Until the SEC comes out with such an news, progress will be made at a much slower pace as companies will have to second-guess their every step.

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