XRP News: Jed McCaleb Ventures into Space with Haven-1 Space Station Project

In an unexpected move, Jed McCaleb, a prominent figure in the cryptocurrency world as the co-founder of Mt. Gox and Ripple, has set his sights on the cosmos. McCaleb’s latest venture, Vast, aims to build a commercial space station named Haven-1, with ambitious plans to replace NASA’s aging International Space Station (ISS). Here’s a closer look at this groundbreaking project and the potential risks involved.

Jed McCaleb Aims to Replace ISS with Haven-1 Space Station

Jed McCaleb, co-founder of Mt. Gox and Ripple, is now venturing into space with his latest project called Vast. The company is building a commercial space station named Haven-1, which is expected to launch by May 2026. McCaleb aims to secure a multi-billion-dollar contract from NASA to replace the aging International Space Station (ISS). However, if things go wrong, he could face losses of up to $1 billion, jeopardizing the future of his space dreams.

XRP’s Hidden Purpose: Breaking Banking Monopolies

XRP was designed to eliminate financial middlemen and disrupt the traditional banking system, according to blockchain consultant Panos Mekras. Ripple’s founders initially opposed institutional dominance and aimed to empower individuals and businesses through the XRP Ledger. Despite misconceptions, XRP was not created for banks or to support traditional financial institutions.

XRP Price Prediction Post-SEC Decision to Drop Ripple Lawsuit Appeal

The recent decision by the U.S. Securities and Exchange Commission (SEC) to drop its appeal in the Ripple case has sparked Optimism in the market, particularly concerning XRP’s price. The clarity around Ripple’s legal status is easing concerns, allowing institutions to feel more confident about investing in XRP. With the SEC no longer actively litigating against Ripple, institutions are likely to increase their investments. Despite the positive news, XRP’s price didn’t explode as expected. Crypto expert Dark Defender has a positive outlook on XRP’s future.

XRP Surges 4% as March Options Attract Heavy Call Interest

XRP climbed 4% to $2.41 on Friday, March 21, due to heavy call interest in March options. Traders are expecting XRP’s price to go higher, leading to an increase of more than 4% as they buy options that profit if the price stays above a certain level in March. According to Deribit data, options traders are focusing on the March 28 expiry, where in-the-money (ITM) calls are leading open interest. $XRP is currently holding steady at $2.48, up 6.38% today. With the SEC out of the picture now, the future of XRP remains uncertain but traders are optimistic.