XRP Price Rises 6.2%, Analyst Predicts $80 Amid SEC Case

• XRP has gained immense price rise while the crypto market is recovering, with a 6.2% rise in the past 24 hours.
• Ripple’s XRP has gained huge demand and has climbed to the third position by trading volume on Binance.
• Popular analyst claims XRP to hit $80, amidst Jim Cramer’s comments of XRP hitting zero.

The past few weeks have been a rollercoaster ride for Ripple and its native cryptocurrency XRP, with the Ripple vs SEC case. This has resulted in increased market movements, with whales across the currency. This is portrayed by Santiment, an analytic platform, which claims that XRP has gained immense price rise while the crypto market is recovering. According to a Tweet released on Jan 11, XRP price has gained 6.2%, and this is due to a major pump in address activity over the past week.

On the other hand, XRP has also gained huge demand and has climbed to the third position by trading volume on Binance. This is due to the increasing popularity of XRP, especially with the on-going SEC case. Popular analyst, Michaël van de Poppe, has also claimed that XRP is expected to hit $80, amidst Jim Cramer’s comments of XRP hitting zero.

The SEC case has been the major factor that has impacted XRP’s price and demand, and the verdict is expected to be out soon. This has caused a lot of speculation in the cryptocurrency market, with XRP being one of the major beneficiaries. While the SEC case is still on-going, it is expected to have a major impact on the price of XRP and the market as a whole.

In the meanwhile, XRP has managed to increase its trading volume, and has managed to stay in the third position by trading volume on Binance. This has been due to the increased investor interest in the cryptocurrency. While some investors are still wary of investing in XRP, due to the ongoing SEC case, others have been bullish on the coin, as they expect it to hit $80 in the near future.

Overall, XRP has managed to gain immense popularity, despite the on-going SEC case. This has been due to the increasing demand for the cryptocurrency, as well as the increasing investor interest in the coin. While the verdict of the case is still awaited, it is expected to have a major impact on the price of XRP and the market as a whole. Meanwhile, investors are still optimistic about the future of XRP, and expect it to hit $80 in the near future.

FTX to Liquidate $4.6B, Crypto Sell-Off Feared

• The crypto industry is bracing for increased selling pressure as FTX, a digital asset exchange, announced its plans to liquidate billions of dollars worth of assets to repay customers.
• It is estimated that over $8 billion worth of FTX customers‘ assets are missing. Additionally, investigators are concerned about potential identity theft in order to obtain cash refunds.
• FTX plans to liquidate non-strategic holdings with a book value of $4.6 billion, which could put assets such as Solana at risk.

The crypto industry is in the midst of a major shake-up as FTX, one of the world’s leading digital asset exchanges, announced its plans to liquidate billions of dollars worth of assets to repay customers. During a House Committee hearing yesterday, FTX CEO John J. Ray III revealed that his team had obtained wallet keys containing liquid digital assets. However, it is estimated that over $8 billion worth of FTX customers‘ assets are missing.

The news of the FTX crisis has sent shockwaves through the crypto industry, and the situation is becoming increasingly complex as investigators are concerned about potential identity theft in order to obtain cash refunds. To add to the uncertainty, FTX attorney Andy Dietderich stated during a hearing in Delaware on Wednesday that the exchange may be able to raise additional funds in the coming months to benefit customers, as the exchange has independent holdings in various countries that could be sold to recover customer funds.

The most concerning part of the FTX debacle is that the exchange plans to liquidate non-strategic holdings with a book value of $4.6 billion. This could put assets such as Solana, a decentralized finance protocol, at risk. Furthermore, the liquidation of these assets could trigger a massive sell-off of digital assets, putting further downward pressure on the already volatile crypto markets.

As the crypto industry awaits the outcome of this situation, FTX customers are hoping that their assets are recovered, and that the liquidation of the exchange’s holdings does not result in further losses. In the meantime, investors and traders alike should exercise caution when trading digital assets, as the potential for a major sell-off remains high.