With just hours to go before the Flare ($FLR) token airdrop to eligible XRP holders (and the $FLR token getting listed), over 52 crypto exchanges have confirmed that they will be distributing $FLR tokens after Flare Networks has completed the $FLR airdrop to exchanges.

Bitcoin saw minor outflows, totalling US$6.5m, for the 3rd week in a row implying sentiment at the beginning of 2023 remains negative. Over the same period short-bitcoin investment products saw minor inflows of US$1.2m.

XRP whales have resumed activity, as the community witnessed a concentration of whale transactions in the past 24 hours, resulting in the movement of over 479M XRP tokens within two hours, with Ripple accounting for 100M tokens. The transactions occurred at the start of XRP’s recent price recovery campaign which saw the asset recapture the $0.35 zone.

Flare to commence the FLR token distribution in less than 24 hours.

2022 saw many crypto-assets lose value, prompting investors to pull their money from the market. During turbulent times, inflows plummeted massively.

Developers have launched the on/off-ramp service in the UK.

In a tweet yesterday, Ripple general counsel Stuart Alderoty responded to claims that the US Securities and Exchange Commission sued Ripple for defying its authority.

MoneyGram International Inc., a cross-border payments firm, has requested the U.S. District Court for the Southern District of New York on Wednesday to seal certain portions of summary judgment materials in Ripple Labs’ ongoing lawsuit against the U.S. Securities and Exchange Commission (SEC). (forkast)

On Wednesday (4 January 2023), American attorney  John Deaton, the owner of the Deaton Law Firm, on the U.S. SEC’s lawsuit against Ripple.

XRP, the native token of the XRP Ledger blockchain network, has notable market divergence metrics pointing to a strong bullish case, according to an analysis by Santiment.

David Schwartz, the Chief Technology Officer at Ripple, has once again shared his long-term thoughts on the native token of the XRP Ledger, XRP, per a Twitter comment.

Ripple's CEO, Brad Garlinghouse, shared in a Jan. 3 Twitter thread he's “cautiously optimistic” about the United States gaining "breakthrough" regulatory clarity for the cryptocurrency industry in 2023.

XRP price is having a shaky start to the year 2023 after a sharp drop on Monday during Asia hours. The digital asset eventually recovered but it remains shaky even now a new report from Santiment shows that there could be a bull case for the cryptocurrency. This bull case is tied to large XRP holders who have been accumulating coins over the past six months.

In a Monday community post, SanR_King, a top contributor on Santiment Insights, investigated the potential upside and downside for XRP in the short-term, mid-term, and long-term perspectives. The crypto pundit also highlighted the various factors capable of influencing the price of XRP. Future developments in the ongoing Ripple-SEC lawsuit are regarded as a factor that could affect XRP’s price either positively or negatively. 

As per the data provided by WhaleAlert, crypto whales have moved more than 1 billion XRP tokens in the last 24 hours. Around $366 million worth of XRP tokens were moved in multiple transactions.

The President of Palau, Surangel Whipps Jr., spoke about the upcoming launch of a national stablecoin pegged to the dollar. Ripple will help the island state to implement its plans.

Ripple’s native cryptocurrency XRP has shown a bit of price volatility recently and witnessed selling pressure. Post the collapse of the crypto exchange FTX, the altcoin has been struggling to surge past $0.40. Ripple’s native cryptocurrency has faced the brunt of the company’s ongoing battle with the SEC. Any possibility of settlement is not visible in the near term.

Ripple has unlocked 1 billion XRP tokens from escrow in a series of three transactions for January. The latest transactions mark the second consecutive month of escrow transactions after the release on December 1 last year. This indicates sustenance of the monthly escrow unlock pattern following a 2-month break in October and November last year. After the escrow release, whales moved over 218M XRP between several wallets.

The asset crashed to $0.30 today in a shocking price dip before rising above $0.33.

Deaton predicts that the SEC case against Ripple will end in a court ruling.