Latest news with #Larsen
The Hindu
10 hours ago
- Business
- The Hindu
Stock markets open higher tracking rally in L&T
Benchmark equity indices Sensex and Nifty began the trade on an optimistic note on Wednesday (July 30, 2025) amid heavy buying in infrastructure major Larsen and Toubro. The 30-share BSE Sensex climbed 256.57 points to 81,594.52 in opening trade. The 50-share NSE Nifty went up by 69.3 points to 24,890.40. From the Sensex firms, Larsen and Toubro jumped over 4% after the infrastructure major reported a 29.8% rise in consolidated net profit at ₹3,617.19 crore during the June quarter, driven by strong overseas order growth. Bharti Airtel, Asian Paints, NTPC and Bajaj Finserv were also among the gainers. However, Tata Motors, Hindustan Unilever, Eternal and Infosys were among the laggards. Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,636.60 crore on Tuesday (July 29, 2025), according to exchange data. In Asian markets, Japan's Nikkei 225 index and Hong Kong's Hang Seng traded lower while South Korea's Kospi and Shanghai's SSE Composite index quoted in positive territory. The U.S. markets ended lower on Tuesday (July 29, 2025). U.S. President Donald Trump has said the trade deal with India is not finalised, as he stressed that India imposes more tariffs than almost any other country. Mr. Trump spoke to reporters on Tuesday (July 29, 2025) on Air Force One on his way back to Washington from Scotland and was asked about the trade deal with India. 'No, it's not,' Mr. Trump said when asked if the deal with India is finalised. He was also asked about reports that India is preparing to face higher U.S. tariffs between 20-25%, to which he replied, 'I think so.' "The technical bounce back in Nifty by 140 points yesterday is unlikely to continue in the unfavourable near-term market scenario. Such bounce backs happen in an oversold market. "The major drag on the market continues to be the negative news on the India-US trade front. President Trump's comment that 'India may have to pay 20-25 per cent tariff' is very negative from the short-term market perspective," V.K. Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said. Sustained FII selling in the cash market for the seventh consecutive trading day is another headwind for the market, Vijayakumar said adding that spike in Brent crude to $72 is another negative. Global oil benchmark Brent crude dipped 0.01% to $72.50 a barrel. On Tuesday (July 28, 2025), the Sensex jumped 446.93 points or 0.55% to settle at 81,337.95. The Nifty climbed 140.20 points or 0.57% to 24,821.10.
Economic Times
5 days ago
- Business
- Economic Times
XRP price prediction: XRP is rising today, but can it stay above $3.66 as AI cloud mining booms — and why is Ripple's co-founder under fire over a $175M token dump?
XRP price prediction is back in focus after the token surged past $3.66, sparking excitement across the crypto world. But can it hold steady as AI-powered cloud mining platforms like ALL4 Mining gain massive investor attention? While the price climbs, controversy brews as Ripple co-founder Chris Larsen faces backlash for moving $175 million worth of XRP near peak levels. Meanwhile, Ripple's RLUSD stablecoin is quietly gaining traction with everyday users. Synopsis XRP is making headlines again as its price climbs past the crucial $3.66 mark, sparking excitement across the crypto market. But with the rise of AI-powered cloud mining platforms like ALL4 Mining drawing investor attention—and Ripple co-founder Chris Larsen facing backlash for allegedly dumping $175 million worth of XRP near recent highs—the big question remains: Can XRP maintain its momentum, or is turbulence ahead? XRP price surged past $3.66, reigniting bullish sentiment across the crypto market. This breakout has not only renewed investor confidence in Ripple's native token but also triggered a notable shift in focus toward innovative platforms like ALL4 Mining, which is redefining the way users approach AI-powered cloud mining for XRP. ADVERTISEMENT As investors rush to capture profits and passive income opportunities, the intersection of XRP's market momentum and emerging AI cloud mining platforms is creating new investment avenues that are gaining serious traction. Following XRP's rally beyond the $3.66 mark, ALL4 Mining has emerged as a major attraction among both retail and institutional investors. The platform offers a futuristic take on XRP mining by integrating AI automation, making mining more efficient, scalable, and accessible to non-technical users. Here's why ALL4 Mining is gaining popularity: AI-automated mining : No hardware or maintenance required. The system runs fully on the cloud. : No hardware or maintenance required. The system runs fully on the cloud. Flexible investment plans : Short and long-term contracts with instant returns. : Short and long-term contracts with instant returns. Low entry barriers : New users can start with minimal capital and even enjoy welcome bonuses. : New users can start with minimal capital and even enjoy welcome bonuses. No hidden fees: Zero gas, management, or withdrawal charges. These features make ALL4 Mining a preferred choice for XRP holders looking to grow their portfolios passively—especially in a market driven by smart AI technology and staking alternatives. While XRP's price climb excited the broader market, controversy brewed behind the scenes. Reports revealed that Ripple co-founder Chris Larsen transferred 50 million XRP—worth approximately $175 million—to exchanges during XRP's local high around $3.66. This sparked immediate backlash from the crypto community, accusing Larsen of "dumping" XRP on retail investors. ADVERTISEMENT Here's a breakdown of what happened: Timing scrutiny : The transactions occurred just as XRP reached multi-month highs. : The transactions occurred just as XRP reached multi-month highs. Exchange activity : A significant portion (~$140M) of the tokens were sent to centralized exchanges. : A significant portion (~$140M) of the tokens were sent to centralized exchanges. Community outrage : Crypto influencers and traders blasted the move as unethical, alleging insider profit-taking. : Crypto influencers and traders blasted the move as unethical, alleging insider profit-taking. Larsen's holdings: He still controls over 2.8 billion XRP, representing nearly 4.6% of the total circulating supply—a considerable concentration of power. The news of Larsen's massive XRP transfer sent immediate shockwaves through the market: ADVERTISEMENT XRP dropped by nearly 17% , falling from $3.66 to around $3.10 within days. , falling from $3.66 to around $3.10 within days. Short-term panic selling followed, driven by concerns over insider manipulation. followed, driven by concerns over insider manipulation. Calls for transparency intensified, with users demanding more responsible behavior from Ripple leadership. Many analysts believe that while such large token movements may be legal, they can destabilize investor sentiment and undermine trust, especially when not communicated transparently. Amid all the drama, Ripple's latest product—the RLUSD stablecoin—has been quietly gaining momentum, especially among retail users. ADVERTISEMENT The RLUSD (Real USD) stablecoin is designed to offer: Fast cross-border payments Dollar-pegged stability backed by reserves backed by reserves Compliance and regulatory transparency Built on the XRP Ledger, RLUSD is part of Ripple's broader push to expand its real-world utility beyond remittances—tapping into the booming stablecoin sector dominated by USDT and USDC. ADVERTISEMENT Recent adoption trends show retail traders and small businesses are using RLUSD for microtransactions, DeFi staking, and even payroll solutions, making it a rising competitor in the stablecoin ecosystem. XRP's recent breakout above $3.66 has caught the attention of traders worldwide. But after briefly touching this critical resistance level, the big question is whether the momentum can hold in the short run. According to analysts, XRP is expected to trade between $2.90 and $3.65 over the next few days: If bulls regain control and volume increases, XRP could retest the $3.55–$3.65 resistance , with a chance to move toward its 2018 high of $3.84 . , with a chance to move toward its 2018 high of . However, if sellers dominate or macro sentiment weakens, XRP may dip below $3.10 , potentially sliding toward $2.90 support. , potentially sliding toward support. Chart watchers are also pointing to a 'cup and handle' pattern, a bullish signal suggesting XRP could rise again once consolidation ends. Most experts agree this current pullback appears to be a healthy correction, not a crash—especially after the token surged over 25% in just a few weeks. Looking ahead to the remainder of 2025, expert forecasts for XRP are cautiously optimistic. Several key factors—including AI-powered cloud mining adoption, Ripple's institutional expansion, and broader crypto market trends—are expected to drive prices higher. Here's what analysts predict: Bitget analysts see XRP potentially reaching $5 by late 2025 , supported by increased enterprise adoption and stablecoin integrations. analysts see XRP potentially reaching , supported by increased enterprise adoption and stablecoin integrations. Legendary chartist Peter Brandt has projected a 60% rally , pushing XRP to around $4.47 in the coming months. has projected a , pushing XRP to around in the coming months. Bullish forecasts from crypto influencers and research groups even suggest a possible 500% gain, sending XRP toward $9 or higher, if global liquidity continues to favor altcoins. However, more conservative analysts are predicting XRP could remain in a $3.50 to $5.00 range unless major regulatory developments or institutional moves occur. When it comes to the long-term outlook for XRP, projections vary widely—but most experts agree that Ripple's expanding real-world utility gives XRP strong upside potential. Here are some notable long-term predictions: By 2026–2028 , analysts expect XRP to trade between $4.50 and $7.90 , assuming Ripple continues building partnerships across banking and cross-border payments. , analysts expect XRP to trade between , assuming Ripple continues building partnerships across banking and cross-border payments. By 2030 , bullish predictions from platforms like Telegaon and Changelly forecast XRP hitting between $19 and $48 , driven by global tokenized finance adoption and broader blockchain integration. , bullish predictions from platforms like and forecast XRP hitting between , driven by global tokenized finance adoption and broader blockchain integration. More cautious estimates from Binance and CoinCodex project XRP around $4 to $6 by 2030, aligning with modest market growth and baseline adoption. These forecasts reflect the growing belief that XRP could play a key role in the tokenization of global finance, particularly if Ripple gains further traction with central banks and payment processors. The recent price breakout above $3.66, coupled with growing excitement around AI cloud mining platforms like ALL4 Mining, highlights a renewed optimism around XRP. But the controversy surrounding Chris Larsen's $175M XRP transfer is a stark reminder that centralized token control can still cast a long shadow over decentralized ambitions. Meanwhile, Ripple's continued development—especially with the RLUSD stablecoin—signals its intention to expand XRP's relevance in both retail and institutional sectors. Here's a snapshot of XRP's short and long-term predictions based on the latest analysis: Timeframe Predicted Price Range Key Factors Next 7–10 days $2.90 – $3.65 Technical resistance, recent correction By end of 2025 $4.00 – $5.00+ Institutional adoption, AI cloud mining growth 2026–2028 $4.50 – $7.90 Ripple expansion, DeFi integrations By 2030 $19 – $48 (bullish case) Global tokenization, stablecoin infrastructure Conservative ~$4 average by 2030 Regulatory hurdles, slow adoption XRP's price momentum is drawing new investors into mining and staking alternatives. AI-driven platforms like ALL4 Mining are simplifying XRP mining for a wider audience. Leadership transparency remains a major concern after Larsen's token movement. RLUSD's growth suggests Ripple is serious about expanding its stablecoin footprint. Q1: What is the latest XRP price prediction for 2025? XRP is expected to reach between $4 and $5 by late 2025, depending on adoption and market trends. Q2: Why is Ripple co-founder Chris Larsen under fire? He moved $175M in XRP to exchanges just as the price peaked, sparking insider sell-off concerns. (You can now subscribe to our Economic Times WhatsApp channel) (Catch all the US News, UK News, Canada News, International Breaking News Events, and Latest News Updates on The Economic Times.) Download The Economic Times News App to get Daily International News Updates. NEXT STORY
Time of India
5 days ago
- Business
- Time of India
XRP price prediction: XRP is rising today, but can it stay above $3.66 as AI cloud mining booms — and why is Ripple's co-founder under fire over a $175M token dump?
Why are investors flocking to ALL4 Mining after XRP's breakout? AI-automated mining : No hardware or maintenance required. The system runs fully on the cloud. : No hardware or maintenance required. The system runs fully on the cloud. Flexible investment plans : Short and long-term contracts with instant returns. : Short and long-term contracts with instant returns. Low entry barriers : New users can start with minimal capital and even enjoy welcome bonuses. : New users can start with minimal capital and even enjoy welcome bonuses. No hidden fees: Zero gas, management, or withdrawal charges. Live Events Ripple co-founder Chris Larsen under fire for $175M XRP transfer near local highs Timing scrutiny : The transactions occurred just as XRP reached multi-month highs. : The transactions occurred just as XRP reached multi-month highs. Exchange activity : A significant portion (~$140M) of the tokens were sent to centralized exchanges. : A significant portion (~$140M) of the tokens were sent to centralized exchanges. Community outrage : Crypto influencers and traders blasted the move as unethical, alleging insider profit-taking. : Crypto influencers and traders blasted the move as unethical, alleging insider profit-taking. Larsen's holdings: He still controls over 2.8 billion XRP, representing nearly 4.6% of the total circulating supply—a considerable concentration of power. How did this XRP dump affect the market? XRP dropped by nearly 17% , falling from $3.66 to around $3.10 within days. , falling from $3.66 to around $3.10 within days. Short-term panic selling followed, driven by concerns over insider manipulation. followed, driven by concerns over insider manipulation. Calls for transparency intensified, with users demanding more responsible behavior from Ripple leadership. What's the latest on Ripple's RLUSD stablecoin? Fast cross-border payments Dollar-pegged stability backed by reserves backed by reserves Compliance and regulatory transparency What is the short-term XRP price prediction after crossing $3.66? If bulls regain control and volume increases, XRP could retest the $3.55–$3.65 resistance , with a chance to move toward its 2018 high of $3.84 . , with a chance to move toward its 2018 high of . However, if sellers dominate or macro sentiment weakens, XRP may dip below $3.10 , potentially sliding toward $2.90 support. , potentially sliding toward support. Chart watchers are also pointing to a 'cup and handle' pattern, a bullish signal suggesting XRP could rise again once consolidation ends. What are analysts saying about XRP's price for the rest of 2025? Bitget analysts see XRP potentially reaching $5 by late 2025 , supported by increased enterprise adoption and stablecoin integrations. analysts see XRP potentially reaching , supported by increased enterprise adoption and stablecoin integrations. Legendary chartist Peter Brandt has projected a 60% rally , pushing XRP to around $4.47 in the coming months. has projected a , pushing XRP to around in the coming months. Bullish forecasts from crypto influencers and research groups even suggest a possible 500% gain, sending XRP toward $9 or higher, if global liquidity continues to favor altcoins. What is the long-term XRP price prediction through 2030? By 2026–2028 , analysts expect XRP to trade between $4.50 and $7.90 , assuming Ripple continues building partnerships across banking and cross-border payments. , analysts expect XRP to trade between , assuming Ripple continues building partnerships across banking and cross-border payments. By 2030 , bullish predictions from platforms like Telegaon and Changelly forecast XRP hitting between $19 and $48 , driven by global tokenized finance adoption and broader blockchain integration. , bullish predictions from platforms like and forecast XRP hitting between , driven by global tokenized finance adoption and broader blockchain integration. More cautious estimates from Binance and CoinCodex project XRP around $4 to $6 by 2030, aligning with modest market growth and baseline adoption. What's next for XRP and the Ripple ecosystem? Is XRP a good investment right now? Timeframe Predicted Price Range Key Factors Next 7–10 days $2.90 – $3.65 Technical resistance, recent correction By end of 2025 $4.00 – $5.00+ Institutional adoption, AI cloud mining growth 2026–2028 $4.50 – $7.90 Ripple expansion, DeFi integrations By 2030 $19 – $48 (bullish case) Global tokenization, stablecoin infrastructure Conservative ~$4 average by 2030 Regulatory hurdles, slow adoption Key takeaways: XRP's price momentum is drawing new investors into mining and staking alternatives. AI-driven platforms like ALL4 Mining are simplifying XRP mining for a wider audience. Leadership transparency remains a major concern after Larsen's token movement. RLUSD's growth suggests Ripple is serious about expanding its stablecoin footprint. FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel XRP price surged past $3.66, reigniting bullish sentiment across the crypto market. This breakout has not only renewed investor confidence in Ripple's native token but also triggered a notable shift in focus toward innovative platforms like ALL4 Mining, which is redefining the way users approach AI-powered cloud mining for investors rush to capture profits and passive income opportunities, the intersection of XRP's market momentum and emerging AI cloud mining platforms is creating new investment avenues that are gaining serious XRP's rally beyond the $3.66 mark,has emerged as a major attraction among both retail and institutional investors. The platform offers a futuristic take onby integrating, making mining more efficient, scalable, and accessible to non-technical whyis gaining popularity:These features make ALL4 Mining a preferred choice for XRP holders looking to grow their portfolios passively—especially in a market driven byWhile XRP's price climb excited the broader market, controversy brewed behind the scenes. Reports revealed that Ripple co-founder Chris Larsen transferred 50 million XRP—worth approximately $175 million—to exchanges during XRP's local high around $3.66. This sparked immediate backlash from the crypto community, accusing Larsen of "dumping" XRP on retail a breakdown of what happened:The news of Larsen's massive XRP transfer sent immediate shockwaves through the market:Many analysts believe that while such large token movements may be legal, they canand, especially when not communicated all the drama, Ripple's latest product—the—has been quietly gaining momentum, especially amongThestablecoin is designed to offer:Built on the XRP Ledger, RLUSD is part of Ripple's broader push to expand its real-world utility beyond remittances—tapping into thedominated by USDT and adoption trends showfor microtransactions, DeFi staking, and even payroll solutions, making it a rising competitor in the stablecoin recent breakout abovehas caught the attention of traders worldwide. But after briefly touching this critical resistance level, the big question is whether the momentum can hold in the short to analysts, XRP is expected to trade betweenover the next few days:Most experts agree this current pullback appears to be a, not a crash—especially after the token surged over 25% in just a few ahead to the remainder of, expert forecasts for XRP are cautiously optimistic. Several key factors—including AI-powered cloud mining adoption, Ripple's institutional expansion, and broader crypto market trends—are expected to drive prices what analysts predict:However, more conservative analysts are predicting XRP could remain in arange unless major regulatory developments or institutional moves it comes to the, projections vary widely—but most experts agree that Ripple's expanding real-world utility gives XRP strong upside are some notable long-term predictions:These forecasts reflect the growing belief that, particularly if Ripple gains further traction with central banks and payment recent price breakout above, coupled with growing excitement around AI cloud mining platforms like ALL4 Mining, highlights a renewed optimism around XRP. But the controversy surrounding Chris Larsen's $175M XRP transfer is a stark reminder that centralized token control can still cast a long shadow over decentralized Ripple's continued development—especially with the RLUSD stablecoin—signals its intention to expand XRP's relevance in both retail and institutional a snapshot of XRP's short and long-term predictions based on the latest analysis:XRP is expected to reach between $4 and $5 by late 2025, depending on adoption and market moved $175M in XRP to exchanges just as the price peaked, sparking insider sell-off concerns.
Yahoo
5 days ago
- Business
- Yahoo
Ripple co-founder moves $140M in XRP to exchanges amid historic rally
Ripple co-founder moves $140M in XRP to exchanges amid historic rally originally appeared on TheStreet. Chris Larsen, co-founder of Ripple, has moved an estimated $140 million worth of XRP to exchange-linked wallets over the past week, according to well-known onchain investigator ZachXBT. Starting July 17, a wallet associated with Larsen reportedly transferred 50 million XRP — worth approximately $161 million — in a series of transactions. Of this, about $140 million was funneled into three addresses connected to centralized trading platforms. Another 10 million XRP was sent to two newly created wallets, each holding 5 million XRP and showing no prior isn't the first time Ripple executives have come under scrutiny for large XRP sales. In 2020, the SEC accused CEO Brad Garlinghouse of personally selling $150 million worth of XRP between 2017 and 2020. Larsen and his spouse were also alleged to have offloaded $450 million during the same period. Larsen was recently seen moving roughly $30 million in XRP to Coinbase just as the token hit a new high of $3.65 on July 18. XRP has since cooled, now trading around $3.20 amid a broader market correction. While the motive behind Larsen's latest transfers is unconfirmed, the timing has drawn speculation from market watchers keeping a close eye on insider movements. XRP price surges to $3.22 XRP has surged back into the spotlight, rallying to $3.22 and marking a 419.6% gain over the past year. The token hit an all-time high of $3.65 on July 18 and now boasts a market cap of over $190 billion, placing it firmly as the third-largest crypto by valuation. Trading volume for XRP soared to $15.5 billion in the past 24 hours, with major exchanges like Binance and Coinbase reporting strong activity. The token's rise comes amid broader bullish sentiment across the crypto market, with Bitcoin dominance holding near 60% and total crypto market cap climbing to $3.96 trillion. Ripple co-founder moves $140M in XRP to exchanges amid historic rally first appeared on TheStreet on Jul 24, 2025 This story was originally reported by TheStreet on Jul 24, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Politics
- Yahoo
Humboldt farmer Kyle Larsen launches 4th District congressional campaign
Third-generation farmer and land appraiser Kyle Larsen has launched a campaign for Iowa's 4th Congressional District with a platform focused on "faith, family and farm." Larsen said in a statement he's running to give a voice to hardworking Iowans. "They deserve someone in Congress who has experienced life the way they have,' Larsen said. 'Our family farms are hurting, and our rural way of life is being threatened by elites in Washington who think they know better. For too long, career politicians have been thinking only about themselves and how they can win the next election, not what's best for the country, or what's best for you. Well, enough is enough. This farmer is running for Congress so rural Iowa doesn't lose our treasured family farms or our way of life.' Larsen lives in Humboldt with his wife, Abby, and their two daughters. He earned a bachelor's degree in animal science at Iowa State University before returning to Humboldt to run his own pig and row crop operation. Larsen has also served as president of the Humboldt County Farm Bureau Board. He said he will prioritize serving on the U.S. House Agriculture Committee and "ensure that Iowa farmers have a real voice in Congress.' "Whether it's the Farm Bill, trade, eliminating harmful death and estate taxes, or combatting ill-informed activists and social media 'influencers,' these issues need attention, and it's why I am running," he said in a statement. The seat is expected to be open in 2026 as current Republican U.S. Rep. Randy Feenstra eyes a gubernatorial run. It is the most heavily Republican district in the state, and the GOP primary race will very likely determine who will be elected to Congress. It has already attracted two other Republican contenders: Siouxland Chamber of Commerce President Chris McGowan and Iowa House Majority Leader Matt Windschitl have launched campaigns. Democrat Ashley WolfTornabane has also launched a campaign. Brianne Pfannenstiel is the chief politics reporter for the Des Moines Register. Reach her at bpfann@ or 515-284-8244. Follow her on X at @brianneDMR. This article originally appeared on Des Moines Register: Humboldt farmer Kyle Larsen forms Iowa 4th District 2026 campaign
