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Ripple On Bullish Momentum: 6.78% Up In The Last 6 Hours

Via News Editorial Team

December 25, 2020

Ripple On Bullish Momentum: 6.78% Up In The Last 6 Hours

Ripple is currently on bullish momentum. At 17:04 EST on Fri 25 Dec, Ripple is at $0.32 and up by 6.78% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple's higher value was $0.34 and the lower value was $0.30.

Over the last twelve hours, Ripple's higher value was $0.38 and the lower value was $0.30.

Concerning Ripple's daily highs and lows, it's 6.633% up from its trailing 24-hour low of $0.30 and 15.816% down from its trailing 24-hour high of $0.38.

In relation to Ripple's yearly highs and lows, it's 177.932% up from its 52-week low and 58.346% down from its 52-week high.

Last news about Ripple

Ripple to face SEC suit over XRP cryptocurrency. According to The Wall Street Journal on Tue Dec 22, "Ripple had a $10 billion valuation in its most recent funding round in 2019, and XRP is the third-largest cryptocurrency by market value.", "Ripple said it was informed by the commission on Monday that regulators soon plan to sue the company, Chief Executive Brad Garlinghouse and co-founder Chris Larsen in federal civil court. "

Cryptocurrency firm ripple expects to be sued by the sec; XRP plunges. According to CNBC on Tue Dec 22, "Instead of providing a clear regulatory framework for crypto in the U.S., (SEC Chairman) Jay Clayton inexplicably decided to sue Ripple - leaving the actual legal work to the next Administration."", "The "security" label matters because it could bring XRP under strict new rules, and that could heavily impact Ripple. "

Ripple says it faces SEC lawsuit as cryptocurrency XRP drops. According to Bloomberg Quint on Tue Dec 22, "XRP, the world's third-largest cryptocurrency, slumped after Ripple Labs Inc. said it faces a U.S. Securities and Exchange Commission lawsuit over its affiliated token.", "Whether Ripple is a security has been at the center of debate within the sector since the SEC comments."

Ripple labs, executives sued by SEC for failing to register XRP. According to Bloomberg Quint on Tue Dec 22, "Ripple Labs Inc., 20-cv-10832, U.S. District Court, Southern District of New York.", "Ripple co-founder Christian Larsen and Chief Executive Officer Bradley Garlinghouse "created an information vacuum" that allowed them to sell XRP into a market that only had information they chose to share, the SEC said in a lawsuit filed Tuesday in New York. "

US regulator charges ripple over its XRP asset, saying it's a $1.3 billion unregistered offering, not a cryptocurrency. According to Business Insider on Wed Dec 23, "Ripple had begun its campaign against the SEC suit before it was even filed. ", ""Here, we allege that Ripple and its executives failed over a period of years to satisfy these core investor protection provisions, and as a result investors lacked information to which they were entitled," said Marc P. Berger, deputy director of the SEC's Enforcement Division."

High-flying crypto fund dumps XRP with ripple in SEC ‘hot water’. According to Bloomberg Quint on Wed Dec 23, "Bitwise Asset Management is dumping what was the world's third-largest cryptocurrency after Ripple Labs Inc. and its top executives were accused by U.S. regulators of selling more than $1 billion of unregistered virtual tokens.", "Unlike Bitcoin or Ether -- which the SEC considers currencies and are decentralized -- XRP's value was mainly linked to Ripple products, with the firm attempting to influence supply and demand for the token, the analysts wrote."

News about Bitcoin

 michael saylor, the CEO who turned a software company into a Bitcoin company. According to Bloomberg Quint on Thu Dec 24, "This past summer, the business intelligence software company MicroStrategy made waves when it put some of its extra cash into Bitcoin. ", "We speak with MicroStrategy's CEO, Michael Saylor, on why he thinks Bitcoin is the best reserve asset for any company."

Bitcoin rally has already outlasted 2017 run. According to The Wall Street Journal on Thu Dec 24, "Bitcoin bulls say the money fueling this year's rally is coming from more reliable sources than past rallies. "

Bitcoin crushes doubters as 224% rally proves it’s here to stay. According to Bloomberg Quint on Thu Dec 24, "There has been no substantial progress made on Bitcoin as a unit of exchange. ", "Since Bitcoin's market capitalization reached $1 billion in March 2013, there have been two cycles of spikes to record highs, followed by drawdowns of more than 80%. "

Luxxfolio to acquire 590 Bitcoin miners. According to Business Insider on Thu Dec 24,

Bitcoin surges to fresh record high and looks set to break the $25,000 level: 'merry bitmas'. According to Business Insider on Fri Dec 25, "However, Bitcoin investors - known for their unquenchable optimism - think this is just the start.", "Known as the leading cryptocurrency, Bitcoin has been a surprise success during the pandemic, quickly becoming a competitor to gold in some portfolios."