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Ripple Labs has announced a new president as the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the payments platform nears a conclusion.
In a new company blog post, Ripple says that Monica Long, the firm’s senior vice president and general manager, will be promoted to president.

As stated by Ripple CEO Brad Garlinghouse,
“Even in the current challenging crypto environment, Monica has helped guide Ripple to a very unique place of growth and financial strength. She’s been an instrumental adviser to me over the years, and I’m grateful to have the opportunity to partner with her even more closely as she embarks on her role as president.” 
Long, who started working for Ripple in 2013 when the firm had just 10 employees, was promoted to the position of general manager in 2020 and says she’s eager to kick things off as the company’s new president.
“Over half my professional career has been in crypto – and more importantly, at Ripple. I’m incredibly honored and ready to hit the ground running as president.”
The SEC initially sued Ripple Labs in December 2020 under allegations that XRP was issued as an unregistered security, and remains one today.
Earlier this month, Garlinghouse said the chances of Ripple settling with the SEC are virtually “zero” and said the lawsuit could be concluded sometime this year.
“We expect a decision from the judge certainly in 2023. But you don’t really have any control over when a judge makes their decisions.
I’m optimistic that sometime in the coming single-digit number of months we will have closure.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/IfH
The post Ripple Announces New President As XRP Lawsuit Conclusion Looms appeared first on The Daily Hodl.


Ripple Labs has announced a new president as the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the payments platform nears a conclusion. In a new company blog post, Ripple says that Monica Long, the firm’s senior vice president and general manager, will be promoted to president....

dailyhodl.com

Ripple Announces New President As XRP Lawsuit Conclusion Looms

Crypto whales are suddenly relocating their XRP and Dogecoin (DOGE) troves as the two altcoins continue to lag behind Bitcoin (BTC).
Over the last 24 hours, deep-pocketed whales have shifted over $145 million worth of XRP tokens as BTC trades above the $23,000 level.

One transfer involves the shifting of XRP between unknown wallets and three other transactions saw the movement of the sixth-largest altcoin between crypto exchanges and wallets of unknown origins:

253.94 million XRP worth $103.64 million transferred from wallet of unknown origin to another wallet of unknown origin
39.5 million XRP worth $16.20 million transferred from crypto exchange Bitso to wallet on uknown origin
33 million XRP worth $13.65 million transferred from wallet of unknown origin to crypto exchange Bitstamp 
30 million XRP worth $12.40 million transferred from wallet of unknown origin to Bitso

At time of writing, XRP is switching hands for $0.411, flat on the day. The payments network remains up 22% this year after opening 2023 at $0.338. Even with this year’s rally, XRP is still down nearly 88% from its all-time high, which it hit in January 2018.
A Dogecoin whale is also on the move, relocating over 60.32 million DOGE worth $5.25 million from a wallet of unknown origin to crypto exchange Coinbase.
DOGE is trading at $0.088 at time of writing, a 25% increase from its 2023 open of $0.070. Despite DOGE’s rally, the top meme coin is still down nearly 88% from its all-time high, which was recorded in May 2021.
As for Bitcoin, the king crypto is up over 40% this year, trading at $23,170 at time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE-2
The post Whales Abruptly Move Over $150,000,000 in XRP and Dogecoin As Bitcoin Floats Above $23,000 appeared first on The Daily Hodl.


Crypto whales are suddenly relocating their XRP and Dogecoin (DOGE) troves as the two altcoins continue to lag behind Bitcoin (BTC). Over the last 24 hours, deep-pocketed whales have shifted over $145 million worth of XRP tokens as BTC trades above the $23,000 level. One transfer involves the shi...

Whales Abruptly Move Over $150,000,000 in XRP and Dogecoin As Bitcoin Floats Above $23,000

Deep-pocketed crypto investors are suddenly moving hundreds of million worth of crypto assets, including the top two leading digital assets by market cap, Bitcoin (BTC) and Ethereum (ETH).
New data from the whale-watching platform Whale Alert finds that crypto whales have moved $317 million worth of BTC, ETH, Polygon (MATIC), and XRP during the last 24 hours.

The biggest amount of crypto moved was over $165 million worth of the king crypto when a high-net-worth investor suddenly shifted 7,200 BTC from one unknown wallet to another.
A wealthy trader also moved 24,768 ETH worth $39,122,083 at time of writing from an unknown wallet to Coinbase, the largest US-based crypto exchange platform.
Another deep-pocketed investor abruptly shuffled 5,212,794 MATIC, worth $5,716,200 at time of writing, from the Polygon blockchain to an unknown wallet.
The last notable virtual asset that was on the move was XRP, the cryptocurrency used to operate Ripple Labs’ payments platform. The whales moved about $105 million worth of XRP across four different transactions:

160,000,000 XRP, worth $65,533,398 at time of writing, transferred from one unknown wallet to another unknown wallet.
33,000,000 XRP, worth $13,650,123 at time of writing, transferred from unknown wallet to crypto exchange Bitstamp.
39,500,000 XRP, worth $16,200,942 at time of writing, transferred from crypto exchange Bitso to unknown wallet.
30,000,000 XRP, worth $12,409,202 at time of writing, transferred from unknown wallet to crypto exchange Bitso.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney
The post Crypto Whales Move Over $317,000,000 in Bitcoin, Ethereum, XRP and Polygon – Here’s Where It’s Headedment appeared first on The Daily Hodl.


Deep-pocketed crypto investors are suddenly moving hundreds of million worth of crypto assets, including the top two leading digital assets by market cap, Bitcoin (BTC) and Ethereum (ETH). New data from the whale-watching platform Whale Alert finds that crypto whales have moved $317 million worth...

Crypto Whales Move Over $317,000,000 in Bitcoin, Ethereum, XRP and Polygon – Here’s Where It’s Headedment

Bitcoin and select altcoins continue to consolidate near their recent highs, increasing the possibility of an upside breakout.

cointelegraph.com

Price analysis 1/27: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX

Presently, XRP’s price action is not looking overly promising against either USDT or BTC. Things could worsen in the coming days if all remains as it is right now.
Technical Analysis
By: Edris
XRP/USDT Daily Chart
On the daily chart, the price continues its struggle to break above the $0.43 resistance level, following a push above both the 50-day and 200-day moving average lines.
In case the cryptocurrency finally moves beyond the aforementioned level, a rally toward the $0.55 resistance area could be expected. This scenario would likely lead to a new bullish phase in the short term.
On the contrary, a rejection from the $0.43 level would likely initiate a decline toward the 50-day moving average located around the $0.35 mark, and the $0.3 support level would even be highly probable.
Source: TradingView
XRP/BTC Daily Chart
Against Bitcoin, the price is seemingly on the verge of breaking the 0.000018 level to the downside after days of consolidation above it. This would lead to a drop towards the lower boundary of the descending channel and the 0.000015 area.
Furthermore, the 50-day MA is also crossing the 200-day MA to the downside, around the 0.00002 mark. This is considered a bearish signal and would further increase the probability of a drop toward the 0.000015 level in the short term.
Source: TradingView
The post Bearish Signs for Ripple Appear, Will $0.40 Hold? (XRP Price Analysis) appeared first on CryptoPotato.

Presently, XRP&#8217;s price action is not looking overly promising against either USDT or BTC. Things could worsen in the coming days if all remains as it is right now. Technical Analysis By: Edris XRP/USDT Daily Chart On the daily chart, the price continues its struggle to break above the $0.43...

cryptopotato.com

XRP price	$0.411335
Low - High 24H	$0.410468 - $0.421021
Market cap	$20.87B
Volume 24H	$757.33M
All time high	$3.40 -87.91% January 7th 2018
All time low	$0.002686 15196.41% May 22nd 2014
Genesis date	N/A

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