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.

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

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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

Bitcoin

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.

The Daily: XRP surges after Ripple's SEC case nears end, BTC's institutional investor rebound, WazirX to undo trades following freeze

Ripple soared 17.5% while Solana climbed 8.9%, leading the index higher.

CoinDesk 20 Performance Update: Index Rallies 7.1%, Led by XRP's 17.5% Gains

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 8, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Crypto Prices Little Changed, XRP Surges

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Two of former U.S. president Donald Trump's sons, Eric and Don Jr.

‘Don't Get Left Behind'—Crypto Suddenly Braced For A ‘Game-Changing' Trump Bombshell After Wild Bitcoin, Ethereum, Solana And XRP Price Swings

Trading volumes nearly tripled and open interest on XRP-tracked futures jumped $200 million in the past 24 hours.

XRP Jumps 17%, Beating Bitcoin Gains, as Ripple-SEC Case Ends

XRP skyrocketed by 26% following a pivotal move by a New York federal judge in the ongoing securities lawsuit against Ripple Labs.

XRP Surges 26% as Ripple Nears Settlement in SEC Lawsuit

Ripple has unveiled its plan to partner with the Dubai International Financial Centre (DIFC) Innovation Hub to promote blockchain and crypto adoption in the UAE. The collaboration seeks to encourage innovation among early-stage companies and large institutions.

Ripple and DIFC Partner to Drive Blockchain and Crypto Adoption in UAE

Payment-focused cryptocurrency XRP (CRYPTO: XRP) soared 15% Wednesday after Ripple Labs was handed a $125 million fine by a federal judge, a penalty far less than the $1.9 billion that the SEC had sought. What Happened: In a major development in the three-and-a-half-year-old legal battle, District Judge Analisa Torres of the Southern District of New York imposed the fine and an injunction against future securities law violations on Ripple, according to a CoinDesk report.

XRP Outshines Bitcoin, Ethereum To Become Biggest Daily Gainer After Judge Imposes $125M Penalty, Bans Future Securities Law Violations In SEC Case

Ripple Labs has been ordered by a Manhattan court judge to pay the U.S. Securities and Exchange Commission about $125 million in penalties over charges of improperly selling the cryptocurrency XRP, according to a court filing.

Ripple ordered to pay $125 million in penalty for improperly selling XRP tokens

District Judge Analisa Torres has cut the penalty requested by the U.S. Securities and Exchange Commission (SEC) in the case against Ripple Labs over XRP by 94%. The court partially granted the SEC's motion for remedies against Ripple, imposing a $125 million civil penalty.

Ripple Hails Victory as Judge Cuts SEC's Penalty Request by 94% in Final Judgment of XRP Case

The SEC had sought a more substantive $2 billion judgement.

Ripple to Pay $125 Million Fine for Unregistered XRP Sales

The company was fined $125 million as part of its years-long litigation with the Securities and Exchange Commission.

Ripple fined $125 million in SEC case

A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday.

Judge Fines Ripple $125M, Bans Future Securities Law Violations in Long-Running SEC Case

‘Big Things Coming'—Crypto Suddenly Braced For Another Trump Bombshell After Wild Bitcoin, Ethereum, Solana And XRP Price Swings

The price of XRP (XRP) has fallen below the moving average lines after buyers failed to keep it above the $0.64 resistance level.

XRP Remains Above $0.43 But A Decline Is Possible

San Francisco-based payments company Ripple has rolled out a new webpage for its upcoming dollar-pegged stablecoin. The firm says on the new page that Ripple USD (RLUSD) will be issued on the XRP Ledger and the Ethereum (ETH) blockchain.

Ripple Gears Up for Rollout of RLUSD Stablecoin With Launch of New Webpage

Demand for XRP is bouncing back on digital asset exchanges, according to crypto analytics firm Kaiko. After a long, drawn-out lawsuit with the U.S. Securities and Exchange Commission (SEC) that ultimately ended in the ruling that XRP sold on exchanges does not constitute a security, Kaiko says demand for XRP is back.

Demand for XRP on Crypto Exchanges Rebounds to Pre-Lawsuit Levels: Kaiko Analytics

Seasoned trader Peter Brandt thinks one top-10 altcoin is flashing a massive bearish signal against Bitcoin (BTC). Brandt tells his 732,800 followers on the social media platform X that payments network XRP could be forming a head and shoulders (H&S) pattern against Bitcoin (XRP/BTC) on the weekly chart.

Veteran Trader Peter Brandt Says Top-10 Altcoin Flashing Major Bearish Signal, Outlines Path Forward for Bitcoin

Bitcoin—along with other major cryptocurrencies ethereum, solana and XRP—have crashed back this week

FBI Issues Serious Crypto Warning Amid $300 Billion Bitcoin, Ethereum, Solana, BNB And XRP Price Crash

A widely followed cryptocurrency analyst is issuing a warning on a leading memecoin while outlining the path forward for Ethereum (ETH) and XRP. The analyst pseudonymously known as Credible Crypto tells his 405,000 followers on the social media platform X that the memecoin Pepe (PEPE) has held up “quite well” amid a wider market downturn.

Crypto Analyst Says Large-Cap Memecoin Primed for a Massive Plunge, Updates Outlook on Ethereum and XRP

One widely followed crypto analyst says the native token of the XRP Ledger (XRPL) is on the verge of a rally. Crypto trader Ali Martinez tells his 68,700 followers on the social media platform X that XRP just needs to break through $0.90.

Analyst Says XRP on Cusp of Bullish Breakout if It Can Break Through This Major Resistance Level

This is part of a larger fund that Ripple will allocate to tokenized T-bills provided by OpenEden and other issuers.

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