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.

Over $1.5 billion in XRP futures have been liquidated since the start of November.

XRP Liquidations Soar as SEC Lawsuit, Token Airdrop Whipsaw Markets

The alt coin industry is seeing a mass downward trend after the SEC's announced action against Ripple, but some coins are still rising.

Crypto's Altcoin Prices Collapse After SEC Sues Ripple over XRP

Ripple and R3 were previously embroiled in litigation over an agreement that gave R3 the right to purchase XRP.

SEC Papers Show Settlement Between Ripple and R3 Was Over $240 Million

Crypto analyst Michaël van de Poppe is assessing XRP's price action in the aftermath of the U.S. Securities and Exchange Commission's actions against the payments company Ripple. Since the SEC filed its lawsuit alleging Ripple has sold unregistered securities, XRP has dropped dramatically. With the overall crypto market witnessing a 6% correction in the last […] The post What's Next for XRP? Top Crypto Strategist Michaël van de Poppe Analyzes Rapid Drop in Price appeared first on The Daily Hodl.

What's Next for XRP? Top Crypto Strategist Michaël van de Poppe Analyzes Rapid Drop in Price

The price of XRP has been in a tailspin since news broke that the Securities and Exchange Commission would sue Ripple for conducting an initial coin offering of the digital asset.  In the wake of the suit, which Ripple has described as an affront to the entire cryptocurrency market, a number of firms have begun […] The post Former SEC Commissioner says Ripple lawsuit will cause ‘multi-billion dollar losses to innocent third parties' appeared first on The Block.

Former SEC Commissioner says Ripple lawsuit will cause ‘multi-billion dollar losses to innocent third parties'

Simplex's partners are no longer accepting $XRP transactions with the Simplex integration. The post Simplex bars XRP transactions in wake of SEC's Ripple lawsuit appeared first on The Block.

Simplex bars XRP transactions in wake of SEC's Ripple lawsuit

Lawyers in the cryptocurrency industry are responding to charges filed by the U.S. Securities and Exchange Commission against the San Francisco payments company Ripple. Compound lawyer Jake Chervinsky says the suit shows that the U.S. Securities and Exchange Commission is playing hardball in its assertion that Ripple illegally sold XRP as an unregistered security. “This is […] The post Crypto Lawyers Analyze Series of Ripple and XRP Allegations From U.S. Securities and Exchange Commission appeared first on The Daily Hodl.

Crypto Lawyers Analyze Series of Ripple and XRP Allegations From U.S. Securities and Exchange Commission

XRP's price is suffering after an SEC lawsuit throws the future of the coin into uncertainty.

XRP's Price Dips to $0.26 in Sudden Crash Following SEC Lawsuit

News reports say the two firms are no longer dealing with XRP, the currency associated with Ripple.

Galaxy Digital and Jump Trading Cut Ties With XRP: Reports

Sources tell The Block that Jump Trading and Galaxy Digital will stop making XRP markets in the wake of the SEC's lawsuit against Ripple. The post Two of the largest trading desks in crypto have alerted clients that they will no longer make markets in XRP appeared first on The Block.

Two of the largest trading desks in crypto have alerted clients that they will no longer make markets in XRP

Ripple is offering its initial response to a lawsuit from the U.S. Securities and Exchange Commission alleging the company has illegally sold XRP as an unregistered security for years. In a new blog post, CEO Brad Garlinghouse has released a statement from Ripple lawyer and former SEC enforcement Director Andrew Ceresney. “The SEC is completely […] The post Ripple Says SEC Is ‘Wrong on the Facts and the Law' in Response to XRP Lawsuit appeared first on The Daily Hodl.

Ripple Says SEC Is ‘Wrong on the Facts and the Law' in Response to XRP Lawsuit

Bitcoin's market dominance is on the up. XRP's is crashing—because of its recent legal troubles.

While XRP's Market Dominance Crashes, Bitcoin's Surges

Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.

Bitwise Liquidates XRP Position in Crypto Index Fund Following SEC Suit Against Ripple

Nearly 4% of the fund was invested in XRP. Due to the announcement that the SEC is suing Ripple, the fund has sold all of its XRP.

Bitwise Liquidates All XRP in Its Fund Over SEC Lawsuit

Digital currency markets have seen some volatile action this week and during the last 24 hours following the XRP charges, a number of coins shed a great deal of value. At the time of publication, the entire crypto-economy is valued at $629 billion and because XRP lost so much value, bitcoin's dominance index has risen […] The post XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed appeared first on Bitcoin News.

XRP Crash Burns Other Crypto Asset Values, BTC Price Remains Unscathed

Crypto asset manager Bitwise has liquidated the XRP position of its crypto index fund. The post Bitwise's crypto index fund says it has liquidated its XRP position appeared first on The Block.

Bitwise's crypto index fund says it has liquidated its XRP position

The SEC's suit against Ripple has triggered a steep sell-off in price for the payments token XRP. Meanwhile, prices for Chainlink's token have increased seven-fold this year, most among CoinDesk 20.

First Mover: XRP Plunges 20% as Traders Assess SEC's Ripple Suit

IOHK CEO Charles Hoskinson says that the U.S. Securities and Exchange Commission's (SEC) impending lawsuit against Ripple could have ramifications for the entire crypto industry. In a new YouTube video posted on his channel, Hoskinson explains his thinking. “The reason why this is a big deal for the industry as a whole is that it […] The post SEC's Ripple and XRP Lawsuit May Be Largest Regulatory Event in History of Crypto, Says Charles Hoskinson appeared first on The Daily Hodl.

SEC's Ripple and XRP Lawsuit May Be Largest Regulatory Event in History of Crypto, Says Charles Hoskinson

Ripple's XRP has lost almost 40% of its value after the token price dropped from $0.51 on December 21 to $0.31 at the time of writing. The token's plunge appears to be the result of legal proceedings initiated against Ripple by the US Securities and Exchange Commission (SEC). At the time of writing, the fourth-ranked […] The post XRP Token Plunges Nearly 40% Following the Announcement of SEC Charges Against Ripple appeared first on Bitcoin News.

XRP Token Plunges Nearly 40% Following the Announcement of SEC Charges Against Ripple

The SEC's $1.3 billion lawsuit against Ripple has already caused some exchanges to put things on pause.

Three Exchanges Have Now Stopped Trading XRP

Hong Kong-based licensed crypto exchange OSL has suspended XRP trading until further notice. The post Hong Kong crypto exchange OSL suspends XRP trading until further notice appeared first on The Block.

Hong Kong crypto exchange OSL suspends XRP trading until further notice

The SEC is accusing Ripple of violating federal securities laws via sales of the XRP cryptocurrency to retail consumers.

Hong Kong Trading Platform OSL Suspends XRP Services as SEC Sues Ripple

Cryptocurrency XRP tumbled 18% to a one-month low on Wednesday after the U.S. Securities and Exchange Commission (SEC) charged associated blockchain firm Ripple with conducting a $1.3 billion unregistered securities offering.

Cryptocurrency XRP drops 18% after U.S. SEC charges Ripple over offering

"MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk.

MoneyGram Takes Wait-and-See Approach as SEC Sues Partner Ripple

The SEC has officially filed its lawsuit against the San Francisco-based payments company Ripple. The suit alleges that XRP was an unregistered security upon its launch and remains a security to this day. It also names Ripple chief executive officer Brad Garlinghouse and co-founder Chris Larsen in their individual capacity. “From at least 2013 through […] The post SEC Officially Files Suit Against Ripple, Alleges XRP Is a Security to This Day appeared first on The Daily Hodl.

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