Ripple (XRP): Mega-news for Ripple fans! Is the trend reversal coming?
XRP falls by around 3 percent in a weak overall market and is currently at $0.55. Despite the drop, Ripple has made some significant announcements regarding the XRP Ledger. The company plans to integrate smart contracts on the XRPL, which aims to create new opportunities for developers. These smart contracts will execute without intermediaries and offer various applications.
According to FinanzNachrichten.de, Ripple aims to enhance the XRPL's attractiveness with this expansion and introduce an EVM-compatible sidechain. Additionally, Ripple is currently active in Korea and Japan to drive these developments forward. A partnership with Futureverse aims to securely store NFTs via the XRP Ledger.
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The dispute continues: Ripple lawyer attacks SEC again
After the years-long legal battle between Ripple Labs and the SEC resulted in a spectacular success for Ripple, Chief Legal Officer Stuart Alderoty is attacking again. In a post, he criticizes the term "crypto-asset security" used by the SEC.
BTC-ECHO further reports a warning from the SEC regarding a plan to use stablecoins through FTX to repay creditors using this term. According to Alderoty, this is a fabricated term without legal basis.
Bold prediction: XRP market cap could reach $22 trillion in 2 years
An analyst predicts a drastic increase in XRP's market capitalization to over $22 trillion within two years. Currently, it is around $32 billion following a recent price rise to $0.5715 per token.
Crypto News Flash indicates that this optimistic forecast could become reality due to new Ripple partnerships—especially with over 50 Japanese institutions aiming to create a new payment infrastructure based on distributed ledger technology.
XRP lawsuit: Ripple and SEC seek judgment deferral; appeal likely
Despite legal tensions, XRP's price remains stable at about $0.5583 USD after a slight increase in trading volume by 36%. The agreement currently foresees no payment until the completion of possible appeal proceedings.
Crypto News Flash highlights that both former legal experts and current reports speculate whether there will be further lawsuits or not—as both parties have initially agreed to settle their differences while further negotiations could occur!
XRP price targets $0.64; CLO accuses SEC of misleading
Stuart Alderoty recently criticized the SEC's actions against crypto projects like ConsenSys and Kraken, claiming that their definition of 'crypto security' was misleading as it lacks legal basis according to Blockzeit DE. Currently, the price is trending slightly upwards towards the $0.64 upper limit after previous lows were reached.
RIPPLE (XRP): XRP Ledger gets smart contracts
Coin Kurier reports that Ripple intends to expand its developer ecosystem by integrating an Ethereum Virtual Machine (EVM)-compatible sidechain, which offers various application possibilities and enables decentralized applications.
Sources:
- Ripple (XRP): Mega-News für Ripple-Fans! Kommt die Trendwende?
- Der Streit geht weiter: Ripple-Anwalt attackiert SEC erneut
- Gewagte Prognose: XRP-Marktkapitalisierung soll in 2 Jahren 22 Billionen Dollar erreichen können
- XRP-Klage: Ripple und SEC streben Aufschub des Urteils an, Berufung ist wahrscheinlich
- XRP-Kurs peilt $0,64 an, da Ripple CLO die SEC wegen Irreführung der Justiz anklagt
- Ripple (XRP): XRP-Ledger bekommt Smart Contracts
