Cryptocurrency news april 28 2025
Today in crypto, the SEC filed a $100 million fraud suit against Unicoin and its executives, Javier Milei shut down a task force investigating the fallout from LIBRA, and Germany’s summer 2024 Bitcoin sale looks like a $2 https://islandfestgrosseile.com/.3 billion blunder.
“Jupnet is a really big lift across the board, lots of research to be done across the board, proof of concepts to be developed in lieu of a good design, followed by lots of productizing. With Jupnet, we hope to add some special elements to the crypto space,” @weremeow noted in a post.
Cryptocurrency markets are in the red today, with major coins experiencing major price declines. Bitcoin (BTC) is currently priced at $96,636.4, down by 4.52%, while Ethereum (ETH) sits at $2,826.76, showing a 10.28% drop. Solana (SOL) is trading at $198.03, down 8.48%. Meanwhile, altcoins like XRP and Dogecoin (DOGE) are facing even steeper losses, with XRP at $2.32 (-20.62%) and DOGE at $0.2526 (-19.05%) in the last 24 hours.
Cryptocurrency news xrp
XRP produces its own wallet software that is available for download on its website, which allows you to store XRP on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
Recently, XRP broke below the short-term support range of $1.95 to $2.05. As of now, it’s retesting this area, which could potentially act as new resistance. A confirmed breakout above $2.05 could lead to resistance at $2.15, with further hurdles around $2.24 to $2.30.
The Ledger and ConsensusThe Ripple protocol is, at its core, a shared public database. This database includes a ledger, which serves to track accounts and the balances associated with them. The ledger is a distributed database — a perfect, shared record of accounts, balances, and transactions in the Ripple protocol. It is continually and automatically updated by the Ripple Transaction Protocol (RTXP) so that an identical ledger exists on thousands of servers around the world. At any time, anybody can review the ledger and see a record of all activity on the Ripple protocol. When changes are made to the ledger, computers connected to the Ripple protocol will mutually agree to the changes via a process called consensus. The Ripple protocol reaches consensus globally within seconds of a change being made. The consensus finding process is the engineering breakthrough that allows for fast, secure, and decentralized transaction settlement on the Ripple protocol. The World’s First Distributed ExchangeNo one owns or controls the Ripple protocol. It runs on computers around the world, all working together to continually maintain a perfect, shared record of accounts, balances, and transactions. Distributed networks offer many efficiencies over centralized networks. Because the network is “self-clearing”, it eliminates the need for a centralized network operator (and gets rid of the associated layer of fees). Because there is no single point of failure, distributed networks are more reliable. They also tend to be more secure, due to their open source nature. (Information provided by CryptoCompare.)
One XRP (XRP) is currently worth $2.32 on major cryptocurrency exchanges. You can also exchange one XRP for 0.00002199 bitcoin(s) on major exchanges. The value (or market capitalization) of all available XRP in U.S. dollars is $136.07 billion.
According to experts, XRP is trapped within a descending parallel channel, hinting at a short-term bearish trend. The critical support here is around $1.75, with resistance at approximately $2.66. Additionally, the centerline of this channel, acting as a short-term resistance, sits near $2.15.
Cryptocurrency news ripple
The resolution of the SEC’s case against Ripple is certainly a big positive for its business, but it won’t necessarily translate into sustainable upside for XRP. As a result, investors might want to exercise caution before investing in this speculative token.
The price action comes immediately after the District Court for the Southern District of New York said the “offer and sale of XRP on digital asset exchanges did not amount to offers and sales of investment contracts,” as “the record cannot establish the third Howey prong to these transactions.”
Trump nominated Paul Atkins to lead the SEC shortly after his election win. Atkins is a big supporter of the industry, having served as co-chairman of the Token Alliance (an advocacy organization), and also as an advisory board member of blockchain company Securitize.
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The continued growth of the Ripple Payments network would, in theory, boost demand for XRP and increase its value. However, banks don’t have to use XRP — they can still benefit from instant cross-border transfers within the Ripple Payments network even if they use fiat currencies. Therefore, the value of XRP is determined more by the sentiment of speculative investors rather than by organic demand.