Rally

Bank

Ignite

Daily

<p>In a <a href="https://youtu.be/-mTVKcdgA-Y?si=mNAJsOQusdhg3REI" target="_blank" rel="noopener noreferrer nofollow">video</a> from NCashOfficial’s Daily Crypto &amp; Finance News YouTube channel, host Nick delved into Ripple’s proactive involvement in shaping the regulatory space of cryptocurrency. Notably, the discussion centered around Ripple’s strategic moves within the European Union (EU). Moreover, cryptocurrency analyst EGRAG CRYPTO in his analysis highlighted XRP’s potential price trajectory.</p>
<h2 class="wp-block-heading" id="strong-ripple-s-regulatory-strategy-unfolds-strong"><strong>Ripple’s Regulatory Strategy Unfolds&nbsp;</strong></h2>
<p>Ripple has been actively establishing a strong regulatory foothold across multiple jurisdictions. The company has set up an office in Ireland and is working closely with the Central Bank of Ireland to obtain a virtual asset service provider license and an e-money license.&nbsp;</p>
<p>Additionally, Ripple has secured a major payments institution license from the Monetary Authority of Singapore and is optimistic about regulatory clearance in Dubai by the end of the year. Furthermore, Ripple operates under regulatory supervision in Japan through a joint venture and has an agreement with the Central Bank of Brazil.</p>
<p>On May 24th, 2024, Ripple will host a panel discussion moderated by key industry figures, including Stuart Alderoty, Ripple’s General Counsel. This event is expected to provide significant insights into regulatory developments.</p>
<p>Moreover, Ripple is actively engaging with regulators and policymakers to shape the future of cryptocurrency regulation, particularly in discussions around the Markets in Crypto-Assets (MiCA) regulation, set to be implemented in December 2024.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strong-ripple-s-preparedness-for-regulation-strong"><strong>Ripple’s Preparedness for Regulation&nbsp;</strong></h2>
<p>Ripple’s proactive approach in securing necessary licenses and establishing regulatory compliance frameworks positions it as a leader in the industry. The company aims to use its licenses not only to operate within specific regions but also to passport these licenses through the EU and other markets, ensuring widespread regulatory compliance. Ripple has been preparing for regulatory changes for a long time, positioning <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> as a utility token ready for regulatory compliance.</p>
<p>Nick emphasizes that Ripple’s involvement in global regulatory discussions is a strategic advantage. With the EU’s regulatory framework likely to influence other regions, including the UK and the US, Ripple’s strategic moves are expected to help it capture a significant share of the global cross-border payments market, with projections of up to 80% within the next decade.</p> <iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/-mTVKcdgA-Y?si=mNAJsOQusdhg3REI" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
<h2 class="wp-block-heading" id="strong-xrp-price-analysis-strong"><strong>XRP Price Analysis</strong></h2>
<p>EGRAG CRYPTO, a notable analyst in the XRP community,&nbsp; <a href="https://x.com/egragcrypto/status/1791730981801464044" target="_blank" rel="noopener noreferrer nofollow">shared an insightful tweet detailing</a> a market development for XRP. He introduced the concept of the <em>“Genuine Wake-Up Line,” </em>highlighting its critical role in XRP’s potential breakout.&nbsp;</p>
<p>EGRAG explained that this line incorporates highs from 2021 and forms a white Triangle pattern. He anticipates XRP to break past the “Genuine Wake-Up Line” with unwavering conviction, predicting an initial target of $1.5 within the white Triangle.&nbsp;</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/J2tDxLBxL-RCtqcJEjOI4CRMPcjsFMXaVFq85yvqVkc3xtTvcevvOL_BGTMLMS0utG-0H1C3fbmhB1gDILDsMevqdJrFhGnRlcbnqk2VKyKLQyEwexMaie_m07luxSWEx8WIT4j-nTe4swrIbMa_Eec" alt="">
</figure>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/top-analyst-predicts-25-bitcoin-price-surge-if-this-key-btc-resistance-breaks-heres-his-outlook/" target="_blank" rel="noopener noreferrer nofollow">Top Analyst Predicts 25% Bitcoin Price Surge if this Key BTC Resistance Breaks – Here’s His Outlook</a></strong></em></p>
<p>Furthermore, EGRAG discussed a more ambitious projection of $7.5 within the Blue Triangle, emphasizing the need for XRP to undergo a retest for a full upward swing. Additionally, e highlighted that this $7.5 target represents wave 1 within a broader MACRO wave 3, hinting at a potential three-digit target in the long term.&nbsp;</p>
<p>EGRAG’s analysis underscores the importance of XRP breaking through key resistance levels and maintaining momentum to achieve these projected milestones. Hence, his tweet, filled with technical insights, aims to guide the XRP community in navigating the complex market dynamics and preparing for potential significant gains.</p>
<h2 class="wp-block-heading" id="strong-key-initiatives-and-collaborations-strong"><strong>Key Initiatives and Collaborations&nbsp;</strong></h2>
<p>Ripple’s extended collaboration with SuperHow on the Axiology project stands out as a key initiative to explore the possibilities of the EU DLT Pilot Regime. Moreover, this project aims to test and assure the resilience and security of digital assets, positioning Ripple at the forefront of blockchain innovation.&nbsp;</p>
<p>Additionally, Ripple is actively focusing on institutional custody solutions and blockchain adoption. Besides, this strategy aligns with broader regulatory frameworks, including the Digital Operational Resilience Act (DORA) and the Transfer of Funds Regulation.</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/ripples-regulatory-wins-ignite-xrp-rally-hopes-expert-eyes-breakout-highlights-key-price-indicators/" rel="noopener noreferrer nofollow">Ripple’s Regulatory Wins Ignite XRP Rally Hopes: Expert Eyes Breakout, Highlights Key Price Indicators</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple’s Regulatory Wins Ignite XRP Rally Hopes: Expert Eyes Breakout, Highlights Key Price Indicators

Table of Contents

CaptainAltcoin

Other articles published on May 18, 2024

Arweave Crypto: Will It Hit the $50 Threshold by May’s Conclusion?

Moonbag Promising Presale To Enter The Meme Coin Race Of Shiba Inu and Pepe Coin

Crypto Lender Genesis Wins Court Approval for $3 Billion Repayment Plan

Approval in Expected Cryptocurrency Lawsuit: $3 Billion to be Distributed to Users

ABCON Seeks SEC Oversight on Forex P2P

Avalanche (AVAX) Could Hit $40 on Bullish Signs

Join our free newsletter for daily crypto updates!