Ripple CTO Addresses XRP Community Concerns on Selling and AMM Pools
According to Schwartz, obtaining XRP from Ripple could have tax consequences. He emphasized individuals might have to sell their XRP shares to pay their taxes.
According to Schwartz, obtaining XRP from Ripple could have tax consequences. He emphasized individuals might have to sell their XRP shares to pay their taxes.
The SEC has filed the motion of remedies for the final judgement in the XRP case. Analyst say that Ripple’s decision of selling XRP at discount to big institutions could hurt the XRP price.
Despite the challenges, Ripple’s commitment to its core values has remained unwavering. The company’s dedication to simplifying international payments for everyone has been a driving force behind its success.
The expectation that XRP will surpass its ATH is directly tied to the upcoming Bitcoin halving.
Amid the XRP price rally, its Relative Strength Index (RSI) surged from 62 to 72 in the past day, indicating a slight overheating of the token.
Although Garlinghouse did not speak specifically on an XRP ETF, he noted that there will likely be other crypto ETFs with time.
The rationale behind the cancellation stems from regulatory constraints, specifically pertaining to the prohibition of crypto exposure in funds governed under Undertakings for the Collective Investment in Transferable Securities (UCITS ) by Irish authorities.
As the overall market conditions got significantly bullish today, XRP broke out from the falling channel pattern.
The Flare Network has integrated XRP through the LayerCake bridging protocol, thus increasing XRP’s real-world utility amid the mass adoption of digital assets.
The XRP price has come under strong selling pressure amid the news of alleged hack. Ripple co-founder has confirmed investigation with law enforcement agencies.
Ripple token or XRP is an independent digital asset, native to the Ripple Consensus Ledger. Ripple is a real-time gross settlement system (RTGS), currency exchange and remittance network by Ripple. Also called the Ripple Transaction Protocol (RTXP) or Ripple protocol, it is built upon a distributed open source Internet protocol, consensus ledger and native currency (XRP).
Released in 2012, Ripple purports to enable “secure, instant and nearly free global financial transactions of any size with no chargebacks.” It supports tokens representing fiat currency, cryptocurrency, commodity or any other unit of value such as frequent flier miles or mobile minutes. At its core, Ripple is based around a shared, public database or ledger, which uses a consensus process that allows for payments, exchanges and remittance in a distributed process.