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Ripple News
Cryptopotato
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What’s Next for Ripple (XRP) Price Following the SEC Appeal, Bitcoin (BTC) Resurgence, and More: Bits Recap Oct 7
- The SEC's continued legal action caused a temporary drop in XRP's price, but analysts remain confident about its long-term outlook.
- BTC rebounded to over $63,500, with bullish predictions for a potential rally toward $100,000 and beyond.
- ETH recovered to nearly $2,500, with analysts forecasting a move to $2,800 amid reduced exchange reserves.
- XRP plunged after the SEC filed an appeal, currently trading at around $0.54.
- BTC recovered from a dip, standing at over $63,500, with predictions of a bull run towards $100,000.
- ETH improved, trading at almost $2,500, with expectations of reaching $2,800 due to reduced exchange reserves.
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NullTX
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RIPPLE PRICE ANALYSIS & PREDICTION (October 7) – XRP Decides Next Move Amid Slight Market Recovery, Where Next?
- XRP lost momentum after failing to sustain buying above a key level.
- The price dipped near last month’s $0.50 low and is currently trading at $0.53.
- A breakdown at the current low could take trading back to August’s low.
- Key resistance levels for XRP are $0.6, $0.64, and $0.7, while key support levels are $0.5, $0.432, and $0.383.
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Newsbtc
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XRP Price Eyes Breakout: Will It Recover Lost Ground?
- XRP price is consolidating above the $0.5080 support level.
- The price could gain pace if it clears the $0.5450 resistance zone in the near term.
- There is a key bearish trend line forming with resistance at $0.5450 on the hourly chart of the XRP/USD pair.
- If XRP fails to clear the $0.5450 resistance zone, it could start another decline.
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TheNewsCrypto
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XRP Price Consolidates After Finding Support at $0.51 Amid High Volatility
- XRP price dropped from $0.66 to $0.51 but has since recovered.
- SEC's appeal against Ripple caused the price to plummet.
- XRP is currently trading at $0.53 and attempting to maintain momentum above $0.50.
- If the price breaks below $0.50, it may go down to $0.42, but if it goes above $0.55, it might test $0.58 resistance level.
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Bravenewcoin
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XRP Plunges 15% Amidst SEC Appeal, and Whale Activity, Long-Term Breakout Potential Remains
- The XRP token has experienced a 15% decline due to the SEC's appeal in the Ripple lawsuit.
- Despite the drop, analysts see a potential buying opportunity based on historical price patterns and whale activity.
- Long-term predictions suggest a possible price surge with a potential upside target of $23.40.
- However, there is uncertainty due to the SEC's appeal and recent bearish sentiment.
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TheNewsCrypto
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Experts Tipping Rexas Finance (RXS) to Reshape the RWA Market, While Solana (SOL) Soars and Ripple (XRP) Reclaims Key Support
- Rexas Finance (RXS) is gaining attention as a revolutionary real-world asset (RWA) market in the cryptocurrency space.
- Solana (SOL) is experiencing a surge in price, recouping from key support at $135 to trade at $158.
- Ripple (XRP) is reclaiming key support at $0.55 and has seen a 21% increase in its price.
- Experts predict that RXS has the potential to reshape the RWA market and bridge the gap between real assets and blockchain technology.
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Zycrypto
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Ripple’s XRP Price Approaches Crazy Explosion Point as Whales Unlock Mysterious Accumulation Pattern
- Ripple's XRP price has witnessed significant growth, reaching $0.66 last week.
- Whale accumulations of XRP have increased by over 470 million XRP in the past 10 days.
- Analysts predict a potential breakout from a 6 to 7-year consolidation pattern, with a target price of $200.
- Mixed sentiments surround XRP, with some analysts suggesting a more conservative target of $10-$20.
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TronWeekly
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XRP Slides 13% Amid SEC Lawsuit, But Analysts Predict Potential Recovery
- The SEC's renewed appeal in the Ripple lawsuit has caused XRP to decline by 13.15% this month.
- Historical patterns and whale accumulation suggest it may experience a significant price rebound soon.
- A negative ruling in the SEC lawsuit could lead to a drastic decline in XRP's value.
- However, analysts highlight potential signs of a price rebound based on past price movements and technical patterns.
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Zycrypto
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XRP Is Never Going To Explode In Major Rally, Says Prominent Bitcoin Maxi Max Keiser
- Max Keiser, a prominent Bitcoin maximalist, has dismissed the possibility of XRP experiencing a major rally.
- Keiser shared a video on Twitter, comparing XRP holders to a crow trying to catch a worm that it never succeeds in getting.
- He has frequently criticized alternative coins such as XRP, referring to them as 'centralized garbage' on the verge of crashing to zero.
- XRP's recent losses have been fueled by regulatory uncertainties, including the U.S. SEC's appeal in the Ripple case, which could have negative implications for XRP's price.
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Crypto-News-Flash
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Cardano Founder Suggests Ripple Test Could Replace Howey Test Amid SEC Appeal
- Cardano founder Charles Hoskinson suggests the 'Ripple Test' as a potential replacement for the Howey Test in determining securities.
- Ripple's Chief Legal Officer expresses disappointment with the SEC's appeal but remains ready to defend the company's position.
- The Ripple case could potentially reshape the legal framework for cryptocurrencies if the court upholds the current decision.
- The U.S. Court of Appeals for the Second Circuit will determine if the Ripple Test becomes a precedent in crypto asset classification.
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Crypto-News-Flash
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XRP ETF May Open Doors to Institutional Manipulation, Warns Expert
- An XRP ETF could shift focus from XRP's role as a bridge currency to speculative trading.
- Concerns raised about institutional manipulation and increased market volatility.
- XRP's potential to revolutionize global finance could be obscured by ETF speculation.
- Diverging opinions on the effect of an XRP ETF on market liquidity and stability.
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Zycrypto
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Why Ripple’s XRP Has Emerged As The Top-Trending Crypto On Social Media Lately
- Ripple-affiliated cryptocurrency XRP has become the top-trending digital asset recently.
- Increased crowd chatter around XRP could indicate a potential retail investor frenzy.
- XRP gained attention due to Bitwise's application to list an ETF that would invest in XRP.
- The SEC's appeal of its court loss against Ripple also contributed to XRP's popularity.
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Crypto-News-Flash
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XRP and LINK Among Santiment’s Top 3 Altcoins to Invest in This October
- Altcoins XRP, APT, and LINK show potential for recovery amidst market corrections and institutional interest.
- XRP attracts attention from traders with optimism for a rebound above $0.60, despite recent price volatility.
- APT enters the Japanese Web3 market and forms a partnership with the U.S. Government Money Fund, suggesting a rise to $20.
- Chainlink gains momentum through its partnership with SWIFT and fortifies its network for more collaborations in the financial sector.
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Zycrypto
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Open Interest In XRP Skyrockets To Record $1 Billion Amid Excitement Over Ripple’s Upcoming Stablecoin Launch
- Rising open interest in XRP has crypto watchers optimistic that the crypto’s protracted downtrend is nearing its end.
- XRP's open interest recently jumped to over $1 billion, leading to speculations over a possible price jump.
- Ripple's upcoming RLUSD stablecoin being tested on the XRP Ledger and Ethereum is a key development driving the optimism.
- XRP's price has gained 2.2% in 24 hours while Bitcoin rebounded, but both cryptocurrencies have experienced declines over the past week.
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Bitcoinist
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Ripple CTO Sounds Alarm: New Form Of Scam Targets Crypto Users
- Ripple CTO, David Schwartz, exposed a new phishing scam targeting Coinbase users.
- Scammers disguised themselves as Coinbase representatives from the asset shielding department.
- The scam involved phone calls, emails, and false domain usage to deceive victims.
- Crypto users are increasingly falling victim to phishing attacks, with reports of substantial losses.
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