Prices and crypto news of Ripple (XRP), Terra (LUNA), Dash
Prices and crypto news of Ripple (XRP), Terra (LUNA), Dash

Prices and crypto news of Ripple (XRP), Terra (LUNA), Dash

By Stefania Stimolo - 5 Jun 2023

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The price performance and crypto news of the projects Ripple (XRP), Terra (LUNA), and Dash (DASH).

Here is a brief overview. 

The price performance of the crypto assets Ripple (XRP), Terra (LUNA), Dash (DASH)

By looking at the three price charts of Ripple (XRP), Terra (LUNA), Dash (DASH), the trends over the past seven days are all different. 

And indeed while XRP makes a bullish price move, MOON draws a mountain over the weekend, and DASH goes into full bear market. 

Specifically, the sixth-largest crypto by market capitalization, XRP registers an 11% pump, passing $0.47 last week to $0.53 at the time of writing, despite having touched $0.54 this morning. 

LUNA, on the other hand, rose from $0.87 to the current $0.86, but with an exaggerated and scaled back pump that occurred yesterday, which caused it to peak at $0.97 and then reset. 

The 83rd crypto by market capitalization, DASH, on the other hand, is on a 3.4% price dump, from $43.5 last week to the current $42. 

The three trends might somewhat reflect the news of the three crypto projects, although this is not a rule. Here is what happened to Ripple, Terra, and Dash. 

Ripple (XRP), Terra (LUNA), Dash (DASH): the crypto news

Ripple continues to aim for expansion, focusing on its crypto products dedicated to businesses. 

Not only that, its messages in its Twitter account suggest that the company wants to reinforce the vision that crypto assets can revolutionize the entire financial system, making it more efficient. 

With regard to Terra (LUNA), it seems that predictions about a possible price rebound in view of the RSI have been confirmed, although the gain can’t be seen in the long run, but rather over just a few hours. 

Meanwhile, prior to this result, Terra had announced the arrival of new liquidity on the mainnet, thanks to the Astroport project

Turning to the historic Dash (DASH) crypto, in the past seven days, the integration of Defy The Grid into its ecosystem was announced.

Ripple and the never-ending lawsuit with the SEC

Ripple is the crypto that is about to mark the history of the entire industry with its never-ending lawsuit against the US Securities and Exchange Commission (SEC), pending final judgment

Basically, since as far back as 2020, Ripple has been facing charges from the SEC for making money from offering unregistered securities, alleging that XRP was a security

Since then, the lawsuit has been going on for 3 years, with no way for the judge to have affirmed that this allegation is true or false. 

The latest twist sees the SEC writing in its internal emails that XRP is not a security, a detail unearthed by renowned legal expert Ripple supporter John Deaton

Not only that, the Federal Reserve Bank of Atlanta has given its own definition to XRP, recognizing it as an international payment medium and not a security. 

A glimmer of light for Ripple, which, should it win the case ultimately, could drop all cases against other crypto assets going forward, and let the US abandon the idea that cryptocurrencies are securities.

Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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