Find out the latest developments in the cryptocurrency market.

XRP fell 3.26% to close at $0.52723 on Wednesday amid a strengthening U. S. economy.
U. S. durable goods orders #rose 2.6% in March after increasing 0.7% in February.
Uncertainty over the possible outcome of Ripple's lawsuit against the SEC contributed to XRP's fall.
On Wednesday, #XRP fell 3.26% to end the day at $0.52723 on the back of a strengthening U. S. economy and increased uncertainty over Ripple's ongoing lawsuit. The drop in the price of XRP on Wednesday was a continuation of the price decline after the altcoin fell 2.21% last Tuesday.
According to a report on the U. S. economy released on Tuesday, orders for durable goods rose 2.6% in March after a 0.7% increase in February. Core durable goods also rose 0.2%, up from February's 0.1% increase. The improved data indicates a strengthening U. S. economy, which has impacted inventors' predictions of a Fed rate cut in September.
In addition to XRP, other cryptocurrencies also fell on Wednesday, with the overall #cryptocurrency market depreciating by 2.97%. Thus, the cryptocurrency market lost more than $2.3 billion in oversold value on Wednesday.
In addition to the impact of the Fed's monetary policy on investor sentiment, the cryptocurrency market felt the impact of new developments in the case between #Ripple and the US Securities and Exchange Commission (SEC). XRP's fall is partly attributed to increased uncertainty over the future of this court case.
Last Tuesday, the fintech company submitted a redacted version of its response to the legal defense. Ripple opposed the SEC's proposed $2 billion fine, objected to the inclusion of new expert testimony in the SEC's opening brief, and filed a motion to dismiss.

At the time of writing, XRP is trading at $0.52662, and according to TradingView, prices are near a number of supports set in the last week of March.
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Иcкуccтвeнный интeллeкт paccчитaл цeну XRP нa 1 мaя 2024 гoдa.
Из-зa пpoдoлжaющeгocя юpидичecкoгo cпopa мeжду Koмиccиeй пo цeнным бумaгaм и биpжaм (SEC) и Ripple Labs XRP нe cмoг извлeчь выгoду из paлли pынкa кpиптoвaлют в 2024 гoду, нe cумeв дoбитьcя знaчимoгo pocтa. Beчepoм 19 aпpeля цeнa XRP кoлeбaлacь в paйoнe $0,50, пpибaвив зa 24 чaca пpимepнo 1%. Oднaкo этoт нeзнaчитeльный пpиpocт мepкнeт нa фoнe тoгo, чтo зa пocлeдниe ceмь днeй тoкeн пoтepял пoчти 5%.

Boзмoжнo, пoэтoму экcпepт пo кpиптoвaлютaм, извecтный кaк CoinsKid, пpeдcтaвил мeдвeжий пpoгнoз нa будущee XRP. Aнaлитик утвepждaeт, чтo нeдaвнee движeниe цeн XRP oтpaжaeт нeудaвшийcя бычий пpopыв, пepexoдящий в знaчитeльнoe cнижeниe, пoдтвepждaя oтcутcтвиe цeнoвoгo тpиггepa для пoпытки пoдъёмa.

Kлючeвыe уpoвни XRP, зa кoтopыми cтoит cлeдить B тeкущeй cитуaции кpиптoвaлютa oбнapуживaeт ключeвoй уpoвeнь пoддepжки нa уpoвнe $0,4З8, зa кoтopым cлeдуeт бoлee oптимиcтичный уpoвeнь coпpoтивлeния нa oтмeткe $0,550. Coглacнo пpoгнoзaм aлгopитмa иcкуccтвeннoгo интeллeктa (ИИ), в дoлгocpoчнoй пepcпeктивe oжидaeтcя мeдвeжий тpeнд XRP, пpeдпoлaгaющий cнижeниe к 1 мaя нa 12,55% дo $0,4З2.

B кpaткocpoчнoй пepcпeктивe aлгopитмы мaшиннoгo oбучeния пpoгнoзиpуют мeдвeжий тpeнд, нa чтo укaзывaют пpoaнaлизиpoвaнныe ими индикaтopы тexничecкoгo aнaлизa: индeкc oтнocитeльнoй cилы (RSI), pacxoждeниe cxoждeния cкoльзящиx cpeдниx (MACD), пoлocы Бoллинджepa (BB), cpeдний иcтинный диaпaзoн (ATR) и дpугиe. Kpaткocpoчный взгляд нa тexничecкиe индикaтopы укaзывaeт нa мeдвeжьи нacтpoeния c oбщим peйтингoм «пpoдaвaть». Cкoльзящaя cpeдняя (MA) вмecтe c ocциллятopaми укaзывaeт нa «cильную пoкупку».

Ha ocнoвe любoгo из тpёx тaймфpeймoв cкoльзящиe cpeдниe oцeнивaют XRP кaк «cильную пpoдaжу», в тo вpeмя кaк ocциллятopы oбычнo пoкaзывaют «пpoдaжу», xoтя и пepeключaютcя нa «нeйтpaльную» пoзицию.
#bitcoinhalving #Memecoins #XRPCOIN #Ripple #BullorBear

$XRP

By the end of 2024, the cryptocurrency market will double to a valuation of $5 trillion.

If you take a step back and realize that this market, like any other, is driven by supply and demand, I don't think it's that big of a prediction. It's basically just a prediction that it's going to double by the end of the year, and if anything, my prediction was probably an underestimate.
The conversation took a critical turn when we discussed the U. S. regulatory environment. Garlinghouse believes that US regulators are taking an anti-cryptocurrency stance, and was particularly critical of the SEC, headed by Gary Gensler. He drew attention to the misrepresentation that #cryptocurrencies are being used for illegal activities, especially by figures such as Senator Elizabeth Warren, and said that such statements undermine the industry's innovative potential.
Mr. Garlinghouse advocated for an approach to regulation that encourages innovation and compliance, suggesting that supportive regulation can foster significant economic growth and job creation in the United States.
Mr. Garlinghouse highlighted the contrasting attitudes towards regulation around the world, noting that countries such as Dubai, Singapore, the UK, and the EU have made significant progress in regulatory development, making them attractive hubs for cryptoinnovation and investment. This disparity has led to the migration of capital and entrepreneurs from the US in search of a more favorable environment.
Speaking about Ripple's strategic initiatives, Mr. Garlinghouse shared interesting news about the company's plans to launch a US dollar-backed stablecoin later this year. The move is designed to bridge the gap between traditional finance and cryptocurrencies, positioning #Ripple at the forefront of the stablecoin market, which is expected to grow exponentially in the coming years.

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After dispelling the misconception that he is a billionaire, Schwartz has received more speculative comments and criticism about his role at Ripple Labs and where his loyalties lie.

User X said the CTO is "just an employee of #Ripple Labs". The user added: "He's loyal to Ripple Labs, not XRPL or #XRP ... ". Schwartz took notice of the message and explained who he was loyal to and why.
The response detailed how Chris Larsen, the co-founder of Ripple, approached Schwartz and asked him to join the board of directors. Larsen wanted a CTO on the team because he thought Schwartz was loyal.
At the time, Schwartz interpreted Larsen's statement as loyalty to the former CEO and responded, "As long as I feel he is the right person to run Ripple, I will be loyal to him. " He further stated that he promised to be loyal to his employer.
However, the CTO elaborated more on the concept of loyalty. In his opinion, loyalty has to be earned and he is loyal to those who he believes deserve it.
Schwartz stated that this belief extends to his personal life and that he will not seek loyalty from those he believes do not deserve it. In his view, even his harshest critics recognize this:
"In fact, a lot of them criticize me for exactly that.
Ripple's CTO believes that the project still deserves his loyalty, but assures that he will stop working for him if this is not the case.
It is worth noting that his response was not without criticism: some point out the lack of mention of XRP #Ledger and believe that this proves the original message right.
Is Schwartz the Steve Wozniak for Ripple?
The user who first asked the question also expressed the opinion that Schwartz is to Ripple what Steve Wozniak is to Apple and Steve Jobs. This comment sparked a discussion in the responses as others in the community disagreed.
One user said that Ripple's CTO is "something more," pointing to his contributions to #blockchain technology and the XRP Ledger.
Another user said it was a "total misunderstanding of the great man's work.

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Tranglo has fully integrated Ripple's On Demand Liquidity service and uses XRP for cross-border payments.

The implementation of Ripple's ODL has enabled Tranglo to process $970 million in payments.
The #Ripple ODL transaction process for Tranglo consists of five simplified steps.
Global payment processing company Tranglo has implemented the Ripple On-Demand Liquidity (ODL) service for cross-border payments using the #XRP cryptocurrency. The service creates a direct gateway that bypasses inefficiencies in the banking system, helping to make transactions more efficient and inexpensive. Chad Steingraber, an active member of the XRP community, also noted the potential that XRP offers in terms of immediate cross-border payments for Tranglo.
Tranglo began using Ripple's ODL in March 2022, after a pilot project was deemed a success in September 2021. During the pilot phase, 250,000 transactions valued at $48 million were processed; ODL improved the efficiency and scalability of Tranglo's operations; by the end of 2022, Tranglo had recorded $970 million of payments from Ripple via ODL, a significant increase over previous years. This is a significant increase from previous years.
A Ripple transaction through ODL begins with titling and extends the humanization of the process through a series of streamlined steps. First, the remittance licensee requests preliminary funds in U. S. dollars from Tranglo via RippleNet. The funds are then transferred and the required amount of XRP is withdrawn from the digital wallet; the XRP is eventually credited to Tranglo's account, which Tranglo then exchanges for the required local currency.
The digital currency is exchanged and credited to the licensee's Tranglo wallet, and eventually the same amount of fiat currency in the licensee's wallet becomes available for payment. As a result, Ripple charges the licensee a transaction fee.

Sharelink.

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If you're looking for a political showdown between "pro" and "anti" cryptocurrencies, you won't find a more interesting battle than the federal Senate race in Massachusetts.

The anti-cryptocurrency team includes, of course, Senator Elizabeth Warren (Democrat). She famously declared that she would create an "anti-cryptocurrency army. " Senator Warren has been in office for over a decade. Her re-election seemed inevitable, especially in the left-leaning state of Massachusetts.
John Deaton speaks at the Consensus Festival in Austin, Texas, May 29-31 this year. %%%%%%
Attorney John Deaton is a newcomer to the political scene with a very different take on #cryptocurrencies . Deaton is a former U. S. Marine, bald, with a goatee and muscular good looks. And he understands cryptocurrencies. I first talked to him last summer about his work on behalf of the #XRP Army. Deaton was baffled by the SEC's four-year lawsuit against #Ripple , calling it "the most extensive, far-reaching and outrageous lawsuit I've ever read about. " It doesn't make the slightest bit of sense. Deaton personally intervened in the case (filing a countersuit against the SEC), which was justified when Ripple (almost) won the case last July and the SEC later withdrew the suit.Deaton, who has received donations from Ripple CEO Brad Garlinghouse, co-founder Chris Larsen, and various members of the crypto community, claims that he is not an "XRP advocate" but is simply fighting government overreach. And it seems that fighting government excesses is his driving force, and #cryptocurrency is an important part of that fight. Warren, for example, has stated that he supports a government-issued central bank digital currency (CBDC). What does Deaton think? Deaton says, "If governments can control your money with programmable CBDCs - if they can turn them off and on, limit their geographic reach - then you'll have total control over people's lives. They will see where and how you spend your money.

#BTC is digital property.

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Одна из крупнейших в Японии финансовых компаний SBI Group объявила о расширении сотрудничества с Ripple.

Подразделение SBI специализирующееся по денежным переводам SBI Remit уже использует услуги Ripple для международных денежных переводов с 2017 года.

В рамках сотрудничества будет создано совместное предприятие SBI Ripple Asia, которое будет использовать XRP для денежных переводов на Филиппинах, во Вьетнаме и Индонезии.

#Twenty_Two_Crypto #cryptoshark #Ripple

$XRP

По словам генерального директора Брэда Гарлингхауса, #Ripple потратила $200 млн на защиту дела, возбужденного против нее Комиссией по ценным бумагам и биржам США (SEC), передает Сointelegraph,

Ripple сотрудничает с Центральным банком Колумбии для изучения вариантов использования технологии блокчейна в южноамериканской стране.

Banco de la República будет работать с министерством информации и коммуникаций над пилотными вариантами использования для улучшения платежной системы страны с использованием платформы #Ripple CBDC.

Колумбия не первая страна, с которой сотрудничает Ripple. Ранее компания уже коммуницировала с властями Гонконга, Черногории, Бутана и Палау.

Ripple acquires Standard Custody and Trust to expand its presence in the US and ensure compliance.

The acquisition will allow #Ripple to expand its services to include asset #tokenization and custody solutions.
The move comes amid reports of a settlement between Ripple and the US Securities and Exchange Commission.
This is the second acquisition of a custody business in recent times: previously, Ripple announced the acquisition of Standard Custody and Trust, a subsidiary of Polysign.
Ripple's acquisition is aimed at expanding compliance and services and is designed to pave the way for greater financial inclusion in the US.
Known for its innovative blockchain-based payment solutions, Ripple is strategically positioned to further penetrate the US financial sector.
Despite ongoing legal disputes, Ripple continues to strengthen its regulatory expertise and operational capabilities in the US. By acquiring New York-based Standard Custody and Trust Co, Ripple aims to create new opportunities for growth and diversification in the US market.
In his tweet, Ripple CEO Brad Garlinghouse reiterated the importance of the acquisition. He said:
"The acquisition of Standard Custody will allow us to expand our existing product offering for our customers, as well as explore new products and use cases. " To date, Ripple has received around 40 money transfer licenses in the US, an MPI license from MAS and a VASP registration from the Central Bank of Ireland.
The acquisition of Standard Custody and Trust Co. reflects Ripple's proactive approach to compliance and leveraging the potential of the U. S. financial community.
By obtaining a New York trust license through this acquisition, Ripple will be able to conduct a broader range of activities in the US. This includes providing proprietary services to financial institutions interested in tokenizing their assets and using #blockchain technology for custodial solutions.

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Ripple acquires Standard Custody to strengthen its portfolio of licenses and expand its digital asset services.

The acquisition strengthens Ripple's position as a provider of end-to-end solutions for institutional investors.
Standard Custody's expertise and licenses will strengthen Ripple's ability to respond to the changing regulatory environment around the world.
#Ripple announced plans to acquire Standard Custody and Trust Company, a leading digital asset player and New York-based digital asset platform. The acquisition, which is subject to regulatory approval, is an important step for Ripple to strengthen its license portfolio and expand its offerings in the blockchain-based financial services sector,
Expanding the regulatory license portfolio
Upon completion of the acquisition, Ripple will become the sole shareholder of Standard Custody, and the inclusion of Standard Custody's limited purpose trust charter license and remittance license into Ripple's existing portfolio will allow the company to offer a broad range of services to its customers.
Monica Long, President of Ripple, emphasized the importance of these licenses in providing a complete end-to-end solution, "Financial institutions that want to use #blockchain for all types of decentralized financial services can be provided with not only the technical elements, but also the compliance and regulatory compliance.
Ripple's regulatory license portfolio already includes several sets of remittance licenses in the U. S. and an MPI license in Singapore; the addition of a trust license from Standard Custody will further strengthen Ripple's regulatory position and Strengthen Ripple's ability to meet the growing needs of its customers around the world.
Expanding its service offerings
Standard Custody, known for its digital asset custody, escrow and settlement services for institutional clients, received de novo approval for a trust license in New York in May 2021.

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Under the leadership of Commission Chairman Gary Gensler, the SEC has aggressively pursued the cryptocurrency market, bringing cases against major exchanges, companies and participants.

This has led to uncertainty over the legal status and classification of a number of #cryptocurrency tokens in the industry. However, lawyer James Murphy, also known as "MetaLawMan," said that the Democrats' defeat in the presidential election, which the Biden administration is currently in, could lead to a change in the regulatory framework governing the industry.
Speaking on the Thinking Crypto podcast, Mr. Murphy noted that the 2024 election and the possibility of new leadership at the SEC could lead to a settlement of the #Ripple litigation.
Mr. Murphy highlighted the difference between buying #XRP and buying stock in a company like Amazon. Mr. Murphy praised District Judge Annalisa Torres for partially allowing Ripple to win the case and the sale of XRP tokens by blockchain companies to institutional investors as securities.
Murphy noted that the SEC and Ripple will likely appeal the court's decision as the case progresses, with the SEC arguing that many of the institutional sales occurred outside of its jurisdiction.
Murphy sees the upcoming election year as an important one, as he believes a change in SEC leadership could lead to a more conciliatory approach in various court cases and an increased interest in reasonable settlements.
In addition, Fred Rispoli, Senior Managing Partner at Hodl Law, provided a new perspective on XRP litigation. Recently, a federal district court led by Judge Sarah Netburn ordered Ripple to disclose its 2022-2023 financial statements.
This decision should shed light on Ripple's post-judgment financial performance, especially the impact of contracts and institutional sales.
Rispoli noted that the SEC may relent after a final judgment on damages. However, a decision from the Second Circuit Court of Appeals is expected in mid-2026 and could be appealed, he said.

Coinbase's victory?

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