Ripple CEO Rejects XRP Manipulation Claims as Price Swings Hit

The XRP/gold ratio has reached a historical support zone around $0.0004, as noted by market analyst Steph is Crypto. This level has historically indicated significant turning points for XRP's price relative to gold, suggesting a potential for upward movement following previous visits to this zone.

Bitcoin's price has recently experienced a significant drop to approximately $57,000, raising concerns about the sustainability of its recovery above $94,000. Analysts suggest that while a bullish trend may appear imminent, it could ultimately lead to a deeper market correction, as indicated by the Elliott Wave analysis shared by crypto analyst Xanrox.

SEC Chair Paul Atkins expressed optimism regarding the potential signing of a crypto market structure bill by former President Trump, indicating a significant step towards regulatory clarity in the cryptocurrency sector. This development comes as the SEC aims to enhance its oversight of digital assets and streamline regulations.

XRP has surged back above $2, driven by significant inflows from institutional investors, indicating a robust rally for the altcoin. This momentum suggests that the interest in XRP is gaining traction, particularly among traditional finance (TradFi) players.

Legal expert Bill Morgan has highlighted that Ripple's inability to promote XRP over the years was primarily due to its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), which has now reached a resolution. This legal clarity allows Ripple to shift its focus towards promoting XRP without regulatory constraints.

The Zcash Foundation announced the conclusion of an investigation by the U.S. Securities and Exchange Commission (SEC), which began with a subpoena regarding certain crypto asset offerings. This decision has led to a 12% increase in the price of Zcash's native token, ZEC, and a 39% surge in trading volume over the past 24 hours.

The Zcash Foundation announced that the U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Zcash, which began with a subpoena regarding certain crypto asset offerings. This development signifies the end of scrutiny for the privacy-focused cryptocurrency.

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into the Zcash Foundation, which was initiated in 2023 following a subpoena regarding certain crypto asset offerings. This decision marks the end of scrutiny for the privacy-focused cryptocurrency, Zcash.