Altcoin News Official TheBitTimes.com

The XRP price dropped 3% in the last 24 hours to trade at $2.448 as of 03:32 a.m. EST on trading volume that plunged 31% to $6.3 billion. This come as Jorge Tenreiro , a lawyer who has been leading US Securities and Exchange Commission (SEC) enforcement efforts against the crypto industry, was demoted to a role in its IT office after the regulatory overhaul that’s begun under President Donald Trump. Ripple executives, who have been in a long-running legal battle with the SEC, gloated over the development on social media. Ripple’s chief technology officer David Schwartz joked that Tenreiro might become a movie critic. I'll bet money he quits the SEC to become a movie critic. — David "JoelKatz" Schwartz (@JoelKatz) February 6, 2025 Stuart Alderoty, Ripple’s top lawyer, joked that Tenreiro had been reassigned to Macrodata Refinement, referring to the department where workers have to classify numbers with seemingly little purpose in the hit TV show “Seve...

The XRP price surged 7% in the last 24 hours to trade at $2.51 as of 08:40 p.m. EST on trading volume that soared 51% to $8.4 billion, according to CoinGecko. The pump helped make the Ripple token the top trending crypto on CoinMarketCap . XRP Price Gearing Up For A Bullish Rally The XRP price chart shows that the Ripple token experienced a significant parabolic rally earlier, as evidenced by the steep price increase highlighted by the blue channel. This rally took XRP from around $0.5254 to a high of around the $2.84 level within a short period. Since reaching the peak, the price of XRP has entered a sideways consolidation phase, fluctuating within a horizontal range between approximately $2.24 and $2.61. This consolidation reflects a period of indecision, where buyers and sellers are relatively balanced. Additionally, the XRP price remains well above the 200-day Simple Moving Average (SMA), which is situated around $1.0038, indicating a long-term bullish trend. The 50-day SMA i...