Ripple On Bullish Momentum: 8.24% Up In The Last 6 Hours

Ripple is currently on bullish momentum. At 07:06 EST on Thu 24 Dec, Ripple is at $0.27 and up by 8.24% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple’s higher value was $0.27 and the lower value was $0.25.

Over the last twelve hours, Ripple’s higher value was $0.30 and the lower value was $0.25.

Regarding Ripple’s daily highs and lows, it’s 8.8% up from its trailing 24-hour low of $0.25 and 24.444% down from its trailing 24-hour high of $0.36.

Regarding Ripple’s yearly highs and lows, it’s 136.316% up from its 52-week low and 64.583% 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.”, “None of those companies, though, was as big as Ripple and XRP. “

Cryptocurrency firm ripple expects to be sued by the sec; XRP plunges. According to CNBC on Tue Dec 22, “The “security” label matters because it could bring XRP under strict new rules, and that could heavily impact Ripple. “, “Ripple, the fintech company best known for cryptocurrency XRP, has said it expects to be sued by the Securities and Exchange Commission over allegations that it violated investor protection laws.”

Ripple says it faces SEC lawsuit as cryptocurrency XRP drops. According to Bloomberg Quint on Tue Dec 22, “The U.S. regulator has “inexplicably decided to sue Ripple,” the firm’s Chief Executive Officer Brad Garlinghouse said in an emailed statement. “, “Ripple will challenge the suit in the courts “to get clear rules of the road for the entire industry in the U.S.,” he added.”

Ripple labs, executives sued by SEC for failing to register XRP. According to Bloomberg Quint on Tue Dec 22, “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. “, “Ripple Labs Inc. and its top executives were accused by the U.S. Securities and Exchange Commission of misleading investors in XRP, the world’s third-largest cryptocurrency, by selling more than $1 billion of the virtual tokens without registering with the agency.”

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, “”To be clear, this is all based on their illogical claim that XRP is, in their view, somehow the functional equivalent of a share of stock,” Garlinghouse wrote on Ripple’s company blog.”, “Ripple violated federal securities laws by not registering XRP as a security, which would require greater disclosure, giving investors a more complete background as they value it, the SEC said.”

High-flying crypto fund dumps XRP with ripple in SEC ‘hot water’. According to Bloomberg Quint on Wed Dec 23, “San Fransisco-based Ripple has denied the allegations. “, “BI expects that Ripple will answer the agency’s complaint next quarter, and that a decision could come in early 2022.”

News about Bitcoin

Elon Musk inquired on twitter about ‘large’ Bitcoin transactions after a crypto booster suggested he convert Tesla’s balance sheet. According to Business Insider on Mon Dec 21, “Before the exchange with Saylor, he tweeted “Bitcoin is my safe word,” but then followed up by saying, “Just kidding, who needs a safe word anyway!?””, “Following the Saylor conversation, Musk tweeted: “Bitcoin is almost as bs as fiat money,” and then suggested to his followers he’s a fan of Dogecoin, a parody cryptocurrency.”

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

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. “