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.

A key executives with ties to the cryptocurrency firm Ripple have publicly endorsed Vice President Kamala Harris' 2024 presidential campaign, according to a report from CNBC.

Ripple Executives Endorse Kamala Harris for 2024 Presidential Campaign

Chris Larsen's endorsement comes as Ripple has emerged as one of the biggest donors in the 2024 U.S. elections.

Ripple Co-Founder Among Kamala Harris' New Corporate Endorsers

Blockchain platform Ripple (CRYPTO: XRP) joined a group of 88 current and former top executives endorsing Vice President Kamala Harris for president. The support of Chris Larsen, co-founder of Ripple, is noteworthy given Ripple's recent legal victory against the U.S. Securities and Exchange Commission (SEC).

Ripple Co-Founder Backs Kamala Harris While Crypto Regulatory Debates Continue

The digital assets market is experiencing a wave of new stablecoin launches by various technology and cryptocurrency companies, and even a state, in spite of concerns about their limited use and chances of survival. What Happened: A Financial Times report on Thursday revealed that blockchain-based payments company Ripple Labs, lender Banking Circle, cryptocurrency firm Paxos International, and Hong Kong's IDA have recently unveiled plans for their own stablecoins.

Trump's Crypto Project, Ripple, State Of Wyoming Join The Queue Amid Stablecoin Surge: What's Behind The Frenzy?

Ripple's chief legal officer has accused the U.S. Securities and Exchange Commission (SEC) of fabricating the term “crypto asset security.” Ripple CLO Stuart Alderoty says the term has no legal basis and “is nowhere to be found in any statute.” “The SEC needs to stop trying to deceive judges by using it.

Ripple Chief Legal Officer Blasts SEC, Says Regulator Fabricated ‘Crypto Asset Security' Term

Brad Garlinghouse made a “gentleman's bet” that Gary Gensler's time as SEC Chair will end, regardless of how the U.S. election unfolds.

Ripple CEO Predicts SEC Chair Gary Gensler's Exit, Whoever Wins Election

The RLUSD will be fully backed by U.S. dollar assets, tested with enterprise partners, and will operate on the XRP Ledger and Ethereum blockchain.

Ripple USD Stablecoin Could be Issued in 'Weeks, Not Months': Garlinghouse

Garlinghouse also criticized SEC Chair Gary Gensler's enforcement approach, saying what happened to OpenSea is ‘unfortunate.'

Ripple CEO says new stablecoin ‘very close' to launch, rules out US IPO

Yonsei University in South Korea has joined Ripple's University Blockchain Research Initiative (UBRI), becoming the 58th global partner and the 12th in the Asia Pacific region. This partnership aims to drive innovation in blockchain research across various disciplines, including artificial intelligence, finance, information systems, and management.

Yonsei University Joins Ripple's UBRI to Advance Blockchain Research in South Korea

Ethereum

The contracts will exist on a sidechain built on XRPL, developers said in a Tuesday post.

Ripple Will Soon Add Ethereum Compatible Smart Contracts to XRP Ledger

The chief legal officer of the crypto firm Ripple is publicly issuing a challenge to the U.S. Securities and Exchange Commission (SEC). Yesterday, the CEO of the world's largest non-fungible token (NFT) marketplace, Devin Finzer of OpenSea, announced that the SEC had slapped OpenSea with a Wells Notice.

Ripple CLO Stuart Alderoty Challenges SEC OpenSea NFT Wells Notice, Citing 1976 Art Gallery Ruling

The price of XRP (XRP) continues to trend sideways although it has dipped below the moving average lines.

XRP Falls Above $0.55 Due To The Strong Rejection

Financial comparison platform Finder has updated its XRP price prediction for 2024 based on input from a panel of fintech experts. The panel's average prediction for XRP is $0.66 this year, with the forecast suggesting it could rise to $1.05 by the end of 2025 and reach $2.

Finder's Experts Forecast Potential Surge in XRP Price

The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California's recent decision in the U.S. Securities and Exchange Commission's lawsuit against Kraken. “Another court, this time in the Kraken case, confirms there's no such thing as a ‘crypto asset security.

Ripple, Kraken Legal Chiefs Weigh in on Court Decision in SEC's Crypto Securities Lawsuit

A closely followed crypto analyst is saying that XRP is showing potential for a massive breakout. In a new video update, crypto strategist Jason Pizzino tells his 332,000 YouTube subscribers that XRP, the token used to operate Ripple Labs' payments platform, could soar to as high as $3.

XRP Has the Potential To Surge Higher, Says Crypto Analyst Jason Pizzino – But There's a Catch

Ripple coin or XRP (XRP) price has maintained its sideways trend above the moving average lines.

XRP Continues To Move Below The $0.64 Barrier

On Wednesday, Public Citizen warned large crypto donations may influence lawmakers to weaken regulations, possibly putting consumers at risk.

Coinbase, Ripple Pour Over $100 Million to 'Buy Influence' in US Election, Says Public Citizen

Binance's BNB led the charge with a 7% gain as altcoins saw a resurgence during early European trading hours Tuesday.

Binance Coin BNB Jumps 7%, Leads XRP and Tron in Altcoin Surge

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

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.

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