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XRP is now marking its 11th year since its inception. Over the past decade, XRP has established itself as a prominent player in the blockchain industry, captivating the attention of investors and enthusiasts alike. 
With its all-time performance reaching remarkable heights, the crypto continues to demonstrate its resilience and enduring value in the ever-evolving landscape of digital finance.
As it enters the next chapter of its journey, the crypto continues to attract attention and generate excitement among both long-time supporters and newcomers to the world of cryptocurrency.

XRP is 11 years old today – the cryptocurrency was born on June 2, 2012. pic.twitter.com/l6ue4GcpZd
— Sjuul | AltCryptoGems (@AltCryptoGems) June 2, 2023
Price Surge And Resilience
At the time of writing, the price of XRP on CoinMarketCap currently stands at $0.523. This figure highlights a slight increase of 1.4% within the past 24 hours, and a decent climb of 11% over the course of seven days. These figures are indicative of the significant growth it has experienced in recent times, with a staggering 8,679.89% increase since its initial introduction to the market.


Ahead of this 11th-year milestone, Ripple, the company behind XRP, took a strategic step by locking 700 million of the tokens into a series of escrows. 
This initiative aligns with Ripple’s ongoing commitment to effectively manage the supply and distribution of XRP. The introduction of the escrow mechanism serves as a mechanism to ensure a controlled and predictable release of tokens into the market.

By implementing these escrows, Ripple aims to provide stability and transparency to XRP’s market dynamics. This strategic move signifies Ripple’s dedication to maintaining a balanced ecosystem for the digital asset, fostering trust among investors and users alike.
XRP Continues To Flourish Amid Optimism Surrounding SEC Lawsuit
Amidst growing optimism surrounding the resolution of the Ripple-SEC lawsuit, the price of XRP has maintained a positive trajectory. From May 24 onwards, XRP has displayed a remarkable performance, marking seven out of nine days in the green.

#XRP #XRPCommunity
So, Brad says case ending in weeks not months, Hinman docs come out on June 13th, Brad likes @digitalassetbuy tweet about case being over, Disney elemental comes out June 16th featuring fire and water characters named Ember LUMEN and Brook RIPPLE. @JoelKatz…
— Ashley PROSPER (@AshleyPROSPER1) May 31, 2023
The Ripple-SEC lawsuit was initiated in December 2020, causing a sharp decline in the price of XRP, plummeting to lows of $0.16. However, as the legal battle draws closer to a conclusion, XRP has experienced significant gains, with enthusiasts and supporters eagerly anticipating a positive outcome.



As stakeholders eagerly await the final verdict, the ongoing performance of the token demonstrates the resilience and potential of the cryptocurrency market. The resolution of the Ripple-SEC lawsuit has the potential to significantly impact the trajectory of XRP, making it a crucial event to watch for both XRP enthusiasts and the broader crypto community.
-Featured image from The Market Periodical


XRP is now marking its 11th year since its inception. Over the past decade, XRP has established itself as a prominent player in the blockchain industry, captivating the attention of investors and enthusiasts alike.  With its all-time performance reaching remarkable heights, the crypto continues t...

newsbtc.com

XRP Climbs 12% As Crypto Celebrates 11-Year Milestone

Blockchain analytics platform Santiment is saying that Bitcoin (BTC) has mostly stayed flat amid the recent bounce in the stock market.
Santiment says that the stock market has climbed to its highest level in about 10 months as the US government resolves the debt ceiling issue.

While Bitcoin has fallen behind the strong performance of the S&P 500 as of late, the analytics firm says that BTC could soon follow suit.
“The US House has passed a key debt ceiling deal, launching the S&P 500 to its highest price since August. Altcoins like LTC, LEO, and FGC have jumped today. With crypto lagging behind equities, there could be some BTC catch-up time coming soon.”
Source: Santiment/Twitter
Turning to XRP, Santiment says that the sixth-largest crypto asset by market cap is enjoying record address activity and high levels of crowd optimism.
“XRP Network is the top trending asset in crypto as prices have jumped +22% the past 19 days. We are also seeing historically high address activity surges for the sixth-ranked market cap asset. Expect XRP’s price to behave uniquely for the time being.”
Source: Santiment/Twitter
Looking at the peer-to-peer payments network Litecoin (LTC), Santiment says that the altcoin’s rise above a key psychological level comes amid an increase in on-chain transaction volume and high whale activity.
“Litecoin’s market value is +6.5% in the past 24 hours as its halving is now just over two months away. This surge has been powered by a massive two-year high in on-chain transaction volume, and the highest whale activity since January.”
Source: Santiment/Twitter
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Generated Image: Midjourney
The post Analytics Firm Santiment Says Bitcoin To Catch Up With Rallying Stocks, Updates Outlook on XRP and Litecoin appeared first on The Daily Hodl.


Blockchain analytics platform Santiment is saying that Bitcoin (BTC) has mostly stayed flat amid the recent bounce in the stock market. Santiment says that the stock market has climbed to its highest level in about 10 months as the US government resolves the debt ceiling issue. While Bitcoin has ...

dailyhodl.com

Analytics Firm Santiment Says Bitcoin To Catch Up With Rallying Stocks, Updates Outlook on XRP and Litecoin

Bitcoin and most major altcoins are witnessing subdued price action, indicating a lack of buying interest from the larger players.

cointelegraph.com

Price analysis 6/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

XRP has resumed its bullish trend after Ripple locked 900 million tokens in escrow. This new development has triggered a rapid shift in the momentum of the cryptocurrency, which is now one of the best performers in the last week.
Ripple Moves 900 Million Tokens Back To Escrow
On June 1, Ripple carried out one of its scheduled token unlocks of 1 billion XRP tokens. These unlocks are already set ahead of time to ensure that there is a controlled release of supply into the market, allowing investors to anticipate what was coming.

These tokens are brought into supply based on the demand and growth in the market, and sometimes not all of the tokens are utilized, which means the unused coins go back into escrow. This was the case this time around as only 10% of the entire 1 billion unlocked tokens were left in circulation.
On the same day, Ripple proceeded to lock a total of 900 million coins back in escrow across three transactions in less than 10 minutes. Each transaction was reported by the on-chain analytics platform Whale Alerts, which flagged the first transaction carrying 200 million tokens worth around $101.7 million.


The next two transactions carried 300 million and 400 million tokens each, worth $152.7 million and $204.18 million, respectively, in the Ripple Escrow wallet. This meant that only 100 million new XRP tokens were left in circulation worth approximately $51 million.
Can XRP Sustain The Bullish Momentum?
The price of XRP is currently up 2% in the last day but is seeing more upside on the weekly chart. Its 11% surge over the last seven days brought its price above $0.52 on Friday, although it has started to trend downward since then.

Nevertheless, the digital asset is now trading above its 50-day and 100-day moving averages. Both of these levels suggest that bulls are still very much in control of the digital asset and as such, there could be a continuation of the bull rally, at least in the short term.
If the bulls are able to maintain this level through the weekend, then XRP could see another run-up to retest the $0.55 resistance. Clearing this level would put the next possible resistance at $0.6, securing good profits for investors before the bears find their footing.
At the time of writing, XRP is changing hands at a price of $0.5157.



XRP has resumed its bullish trend after Ripple locked 900 million tokens in escrow. This new development has triggered a rapid shift in the momentum of the cryptocurrency, which is now one of the best performers in the last week. Ripple Moves 900 Million Tokens Back To Escrow On June 1, Ripple ca...

bitcoinist.com

XRP Jumps 10% As Ripple Returns 900 Million Tokens To Escrow

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin.

Ethereum (ETH)
Ethereum’s volatility spiked this week, and it managed to book a 4% price increase. This puts ETH into an uptrend and confirms the $1,820 level as support.
To remain in the green, ETH will need to break above two key levels, $2,000 and $2,100, which currently act as resistance. Bears did not show any resistance at $2,000 in April but came in strong at $2,100. It remains to be seen if this time will be different.
Looking ahead, buyers have returned to Ethereum. However, it is still too early to tell if they are serious about maintaining this uptrend. A clean breakout above the two key resistance levels would give them full control of the price.
Chart by TradingView
Ripple (XRP)
In a surprising move, XRP has reached 50 cents this week and booked an 11.7% price increase, making it the best performer on our list. The price is now just under the key resistance at 53 cents which has historically pushed back any attempt from buyers to take XRP higher.
In April, sellers came in strong at the current resistance level and did not allow it to move higher. If they reject the price again, then the key support is at 44 cents.
Looking ahead, XRP has a big opportunity to escape its current range established in April and May. If the resistance breaks, then buyers might have a good chance to take XRP to 60 cents next.
Chart by TradingView
Cardano (ADA)
Cardano continues to lag behind when compared to XRP, and its price action is similar to ETH, which allowed it to book a 4% price increase this week. The key resistance is at 38 cents, while the support is found at 36 cents.
Considering that the price has made a higher high, the trend is shifting bullish. However, ADA will need to turn the 38 cents level into support to sustain this momentum. Otherwise, it may continue to range as it did for most of May.
Looking ahead, Cardano has a good opportunity to break higher, but conviction from buyers is still lacking. This could quickly change if bulls move the price above 38 cents.
Chart by TradingView
Binance Coin (BNB)
Binance Coin had a difficult week, being unable to establish a clear trend. For this reason, the price remained relatively flat, with a modest 0.5% increase this week.
BNB has failed to break above the key resistance at $313 several times in May. This shows that sellers continue to hold a grip on the price at this time. The momentum indicators lean bearish, and this looks unlikely to change with this price action.
Chart by TradingView
Litecoin (LTC) 
Litecoin had a great week after booking an 8.5% price increase. Now, the price is just under the key resistance at $95. While bulls could break this key level, the true test awaits at $100 and beyond. Since early 2023, LTC has failed to sustain a price at three digits even if bulls managed to take it there several times.
With increasing buy volume, the current sentiment appears to favor bulls. However, the road to a three-digit valuation is going to be bumpy as sellers may be eager to return as soon as LTC reaches $100.
Looking ahead, the momentum is bullish, and this price action has formed an ascending triangle. If buyers are successful, then the $100 resistance might turn into a key support that will open the way to a much higher valuation for LTC.
Chart by TradingView
The post Crypto Price Analysis Jun-2: ETH, XRP, ADA, BNB, and LTC appeared first on CryptoPotato.

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Litecoin. Ethereum (ETH) Ethereum&#8217;s volatility spiked this week, and it managed to book a 4% price increase. This puts ETH into an uptrend and confirms the $1,820 level as support. To remain in the green, ETH w...

XRP price	$0.521376
Low - High 24H	$0.517685 - $0.53011
Market cap	$27.10B
Volume 24H	$856.45M
All time high	$3.40 -84.67% January 7th 2018
All time low	$0.002686 19300.52% May 22nd 2014
Genesis date	N/A

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