Ripple has sold $15M of its stock in MoneyGram

Ripple Labs has sold a huge chunk of its 2019 investment in MoneyGram.  Per a Friday night filing with the Securities and Exchange Commission on Friday night, from Nov. 27 through Dec. 4, Ripple Labs managed to sell 2,264,113 shares of MoneyGram (MGI). The tech firm netted a total of $15,303,792.60 from the sales. MoneyGram’s stock value has soared in recent months, from $2.94 on Oct. 1 to $8.53 on Nov. 23. In no small part thanks to news of Ripple’s sell-off, MGI has slipped back down to $6.54 as of…

Ripple CTO says community could force the company to burn 48 billion XRP

Ripple chief technology officer David Schwartz has admitted the company could be forced by validators to burn its 48 billion XRP tokens, regardless of if it agrees with the decision or not. The company currently holds half the total XRP supply and has come under fire from the community for selling off tokens in the past, although it resolutely refuted claims of price manipulation and has stopped the practice in recent times. In a Twitter thread, Schwartz confirmed that the community could vote for Ripple to burn their entire supply…

Ripple Refutes University of Bern’s Security Findings

Key Takeaways University of Bern researchers suggest that Ripple is insecure. They say that the blockchain is prone to double spends and forks. Ripple CTO David Schwartz has made it clear that such an attack would be difficult to carry out. Share this article Researchers at the University of Bern have analyzed the Ripple blockchain and found that the blockchain is lacking in security. Ripple, however, contests those claims. Ripple Allegedly at Risk According to the Bern research team, Ripple ensures “neither safety nor liveness” under the assumptions that it…

Ripple (XRP) is Facing Uphill Task Near $0.63 and 100 SMA

Ripple started a fresh decline after it failed to clear the $0.6800 resistance against the US Dollar. XRP price is showing bearish signs below the 100 hourly SMA and facing many hurdles. Ripple started a sharp downside correction from the $0.6800 resistance against the US dollar. The price is now trading below the $0.6250 support and the 100 hourly simple moving average. There was a break below a major bullish trend line with support near $0.6460 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair…

Ripple Finds Support After XRP Plummets From $0.90 Cents

Key Takeaways Ripple has found strong technical support above the last weekly price close.  On-chain data from Santiment highlights massive user adoption. Sygnum Bank rally behind XRP as it introduced crypto-related services for its clients. Share this article Ripple was among the worst-affected cryptos this week, following reports of new U.S. regulations that would hamstring the industry. In a single day, XRP hemorrhaged 33% of its value.   Has Ripple’s XRP Found a Bottom? The popular altcoin enjoyed a much-awaited bullish breakout before the pullback, with XRP outperforming the top ten…

Ripple would still thrive even if XRP were declared a security

Ripple CEO Brad Garlinghouse believes his company can still thrive under a hypothetical scenario where XRP is declared a security by U.S. lawmakers.  Appearing on episode 439 of the Pomp Podcast, Garlinghouse talked about the implications of XRP being declared a security by the U.S. Securities and Exchange Commission, or SEC. He said such a position would run contrary to the prevailing view among G20 markets. While acknowledging that “it’s very hard to look at XRP as a security,” Garlinghouse said: “You know if XRP were deemed a security here…

Ripple (XRP) Retreats Sharply, $0.50 Is The Key For Next Increase

Ripple retested the $0.7500 resistance level before a sharp decline against the US Dollar, similar to bitcoin and ETH. XRP price is holding the $0.5500 support, but it might even test $0.5000. Ripple started a strong downside correction after it failed to clear $0.7500 against the US dollar. The price broke the $0.6000 support, but it is still well above the 100 simple moving average (4-hours). There was a break below a key contracting triangle with support near $0.6465 on the 4-hours chart of the XRP/USD pair (data source from…

Ripple (XRP) Consolidates, Why It Could Rally Again To $0.75

Ripple rallied significantly above $0.6000 and $0.7000 before correcting lower against the US Dollar. XRP price is now consolidating above $0.6200 and eyeing the next crucial break. Ripple started a strong rally after it settled above the $0.3000 resistance against the US dollar. The price tested the $0.7500 resistance and settled well above the 100 simple moving average (4-hours). There is a major contracting triangle forming with resistance near $0.7000 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh rally once…

Ripple seeks director to engage with central banks on digital currency

Ripple, the payment services using digital currency XRP, is looking for an expert specializing in central bank digital currencies, or CBDCs. According to a recent job posting by Ripple, the firm is seeking a senior director of central bank engagements focusing on supporting CBDC initiatives with Ripple’s real-time gross settlement system, XRP Ledger.  With the new position, Ripple is looking to define its CBDC strategy with central banks, build relationships and projects, as well as educate global central bankers, the job posting notes. The position requires over 10 years of experience…

Ripple (XRP) Could Restart Rally If It Clears The $0.30 Hurdle

Ripple started a downside correction from the $0.3080 resistance against the US Dollar. XRP price is trading above $0.2900 and it must surpass $0.3000 for a fresh rally. Ripple started a sharp downside correction from the $0.3083 swing high against the US dollar. The price is now trading below the $0.3000 resistance, but above the 100 hourly simple moving average. There is a major bullish trend line forming with support near $0.2880 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is likely to restart…