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XRP, the cryptocurrency associated with Ripple, has shown resilience amid recent market turbulence. It gained 3% in 24 hours, reaching $0.5159. This comes as the broader crypto market attempts recovery from a downturn earlier this week. The token's performance is mixed. It's down 20% over seven days but up 21% in a month. XRP has lost 16% over the past year. However, a potential settlement between the SEC and Ripple could boost its value. Some market watchers are bullish on XRP's prospects. They predict it could break the $1 barrier. The token's all-time high of $3.40 remains a distant target. XRP's technical indicators suggest an upward trend. Its relative strength index has hit 60. It could climb further before reaching overbought territory. The 30-period moving average is approaching the 200-period average. This could signal continued growth. The token has consistently broken short-term resistance levels since early August. This might provide additional momentum. However, recent whale activity suggests caution. Large holders have been moving XRP to exchanges. Crypto trader "Doctor Magic" highlighted XRP's strength on social media. He noted it avoided making lower lows during the recent market dump. "HTF still bullish af," he tweeted, using trader slang for "higher time frame" and "as fuck". The resolution of the SEC-Ripple case could be a game-changer. It might provide the clarity needed to attract more traders. Additionally, expected Federal Reserve rate cuts in September could lift the entire crypto market. Based on these factors, some experts reckon XRP could hit $0.75 by Q4. A $1 valuation by year-end isn't out of the question. While XRP holds promise, investors might look to diversify. Smaller cap coins offer potential for exponential growth. One such option is PlayDoge (PLAY), an Ethereum-based token currently in presale. PlayDoge has raised nearly $6 million. It's inspired by Tamagotchi games and features virtual Shiba Inu pets. Players can earn rewards through breeding and missions. PLAY tokens will fuel in-game transactions.

A former Ripple bigwig has dropped a bombshell. XRP, the cryptocurrency associated with Ripple, isn't meant for regular folks. Dilip Rao, ex-global head of infrastructure innovation at Ripple, spilled the beans at a Dubai summit. Rao's comments came during a Q&A session. Attendees were curious about crypto's speculative nature. They wondered if it was hurting the industry's growth. The ex-exec didn't mince words. He admitted that many people trade XRP speculatively. But that's not Ripple's endgame. Over 200 exchanges globally trade XRP. Rao suggested some of this activity is superficial. Ripple has bigger fish to fry. They're positioning XRP as a tool for big-shot institutions. The goal? Use it as a bridge in hefty financial transactions. Rao acknowledged the market noise. But he pointed to a shift. In one quarter, most of Ripple's XRP sales were to institutional investors. This marks a turning point. "As this transition from retail to institutional use continues, XRP will be used more for wholesale financial purposes," Rao said. That's when things will get interesting. These comments were made back in 2018. The XRP Army recently dug them up. A lot has changed since then. XRP is still a hot commodity. It's among the top ten traded crypto assets. But it's not all sunshine and rainbows. Ripple's XRP sales to institutions have landed them in hot water. U.S. regulators are demanding up to $2 billion in fines. Despite this, XRP holders remain bullish. They're banking on institutional interest to drive up the asset's value. One enthusiast even claimed, "Every single XRP will be like GOLD." Rao's past role at Ripple was no small potatoes. He led teams in securing banking partnerships for RippleNet. His work helped launch Ripple-powered payment services across multiple regions. In the end, Rao's comments highlight a crucial question. Is XRP destined for Wall Street, or will it remain a retail darling? Only time will tell.

July saw a fierce crypto showdown. XRP emerged as the dark horse. It outperformed Bitcoin, Ethereum, and Dogecoin among the top 10 cryptocurrencies by market cap. XRP's price skyrocketed from $0.4 to $0.65. CryptoRank data shows a 35.3% monthly gain. Bitcoin crawled up by 6.09%. Dogecoin managed a measly 1.37% increase. Ethereum actually dipped by 3.46%. What's behind XRP's surprise win? It's all about the legal drama. The ongoing battle with the SEC is the key player here. Judge Analisa Torres ruled that some XRP sales weren't securities. But Ripple's not off the hook yet for its $1.3 billion ICO. The SEC initially demanded $2 billion. Ripple shot back with a $10 million offer. This tug-of-war left investors feeling pretty miffed. It's been dragging on for ages, hitting XRP's price hard. But things took a turn this month. Ripple CEO Brad Garlinghouse hinted at a light at the end of the tunnel. He said the lawsuit would wrap up soon. No specific date, though. Talk about keeping us on our toes! Garlinghouse's comments lit a fire under XRP. The price jumped from under $0.58 to $0.65. Investors perked up. Daily trading volume spiked 14% on Wednesday, crossing $2.36 billion. The crypto community is buzzing with anticipation. Many expect XRP to rally once the lawsuit concludes. It's been a long four years in the legal trenches. One analyst, Common Sense Crypto, is particularly bullish. They reckon the end of the legal saga could push XRP to a whopping $100. That's some serious optimism right there. But let's not get ahead of ourselves. The crypto world is as unpredictable as ever. XRP's July performance was impressive, no doubt. But in this game, today's underdog can be tomorrow's top dog.

Ripple, the payments network, is throwing $10 million at tokenized U.S. Treasury bills. These digital assets will debut on the XRP Ledger. OpenEden, a tokenization platform, is behind the TBILL tokens. They represent short-term U.S. government debt. The tokens are backed by short-dated U.S. Treasuries and reverse repos. These repos are a bit of financial wizardry. Securities are sold with a promise to buy them back later at a higher price. Tokenization is all the rage in crypto these days. It's touted as a more efficient way to handle traditional assets. Big names are jumping on the bandwagon. BlackRock, the 800-pound gorilla of fund management, launched a similar product on Ethereum in March. Ripple's move is part of a bigger plan. They'll allocate more funds to tokenized T-bills from OpenEden and others. No specific dates were mentioned, though. For the uninitiated, XRP Ledger is an open-source blockchain. It uses XRP cryptocurrency for global money transfers and currency swaps. As of Thursday, tokenized U.S. treasuries have locked up over $780 million. That's according to rwa.xyz, a tracking site. This shift towards tokenization is shaking things up. It's making waves in how traditional assets are issued and managed. Ripple's play could be a big deal. It's bringing a slice of traditional finance to the crypto world. The impact? Only time will tell.

The long-running legal battle between Ripple and the US Securities and Exchange Commission (SEC) is coming to a head. A final judgment is expected this week. Settlement rumors have been put to bed. Judge Analisa Torres is set to rule on penalties and injunctions. The case has dragged on for nearly four years. It all started in December 2020. The SEC accused Ripple of flogging unregistered securities. Ripple hit back, claiming XRP is a digital currency like Bitcoin. Torres already handed down a partial ruling. She classified XRP sales on exchanges as non-security. But institutional trades? Those were securities, she said. Legal eagles James Murphy and Fred Rispoli reckon the final judgment will drop in early August. There's a small snag, though. Judge Sarah Netburn is still working on a motion. Market watchers have poo-pooed settlement talk. Pro-XRP lawyer Bill Morgan says it wouldn't do either side any favors. "Settlement means compromise," he noted. "It's not a big win for Ripple." Former SEC lawyer Marc Fagel agrees. He points out both parties would lose their right to appeal. The SEC might have to kiss goodbye to its $2 billion fine too. One potential roadblock remains. Both sides could appeal previous rulings. But blockchain buff Mickle thinks that's unlikely. He reckons the SEC's case is weak sauce. The judgment could have wider implications. Other crypto firms battling the SEC might use it as ammo. Meanwhile, XRP's been on a tear. Traders have been taking profits left and right. The Network Realized Profit/Loss stats have been climbing since July 12. At press time, XRP is trading at $0.6082. That's a 0.9% bump in 24 hours and a 27.8% jump over 30 days. Not too shabby for a token that's been stuck in the $0.5 range for ages. A win for Ripple could send XRP to the moon. But if the SEC comes out on top? XRP might take a nosedive.