|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Could Ripple’s (XRP) Price Cross the $1 Mark Soon? Here’s the Outlook
Sep 29, 2024 at 04:30 am
In a YouTube video titled “Here Come The #XRP Pump!!! Are You Ready For XRP To Break $1.00,” Matthew Perry, a crypto analyst, delves into the potential for XRP’s price to reach $1 soon.
Crypto analyst Matthew Perry recently shared his thoughts on XRP's potential to cross the $1 mark in a YouTube video titled "Here Come The #XRP Pump!!! Are You Ready For XRP To Break $1.00."
The analyst began by discussing current market conditions, highlighting that the overall market has not been positive, but over the past 24 hours, the market has seen some green with a slight increase.
Perry noted that XRP's price has increased by 5% in just one day and over the last week. Its trading volume also saw a 71% surge, which indicates that more people are buying XRP as the SEC's appeal deadline gets closer. At press time, XRP is trading at $0.622.
The analyst mentioned that these last four years have seen XRP's price struggle, which he attributes to the SEC vs. Ripple case. However, a successful outcome can lead to a substantial price increase and pique investor interest even further.
As the SEC's appeal deadline approaches on October 6th, the crypto community is keeping an eye on any developments. If the SEC decides not to appeal the recent ruling, Ripple will be able to operate without regulatory limitations, which could allow XRP to flourish.
However, if the SEC does decide to appeal, it will likely prolong the legal battle, which could restrict XRP's price performance during the next bull market.
The SEC's categorization of Ripple's institutional token sales as securities has been the crux of Ripple's legal troubles. However, Investors now have some clarity as retail transactions have been deemed not to be securities.
Moreover, Ripple is expected to pay a $125 million fine in exchange for the freedom to continue its development work and form alliances without restriction. This legal backdrop has created a mixed sentiment in the market.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates. Get all our future calls by joining our FREE Telegram group.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- FTX Creditors Will Only Get 10-25% of Their Cryptocurrency Back, Newly Revised Bankruptcy Documents Reveal
- Sep 29, 2024 at 09:15 am
- The FTX creditor-activist explained that the creditors would receive reimbursements according to the petition date when cryptocurrency prices were much lower than today.
-
- Aptos (APT) Prepares to Break $10 Threshold, Displaying Bullish Momentum
- Sep 29, 2024 at 09:15 am
- Aptos (APT), a promising cryptocurrency, has recently displayed bullish momentum, with market participants closely monitoring whether it can surpass the critical $10 threshold.
-
- Dogecoin (DOGE) May Be Set for a Price Surge, Key Indicators Suggest
- Sep 29, 2024 at 09:10 am
- Analyst Ali Martinez shared that DOGE has recently escaped a prolonged downtrend in both its price and the Relative Strength Index (RSI).
-
- AI Tokens TAO and RCOF Set for a 1000x Surge While SUI Struggles to Keep Up
- Sep 29, 2024 at 08:55 am
- AI tokens are emerging as the next big innovation, with Bittensor (TAO) and RCO Finance (RCOF) leading the charge towards a potential 1000x rally
-
- Worldcoin Expands Orb Verifications to Guatemala, Poland, and Malaysia With Face Auth
- Sep 29, 2024 at 08:55 am
- The biometric proof of personhood-based project, has announced a new expansion launching a new authentication tech as part of its World ID app.
-
- Bitcoin and Ethereum Options Worth $7.7B Expire Today, Market Braces for Price Volatility
- Sep 29, 2024 at 08:55 am
- The cryptocurrency market is on edge as approximately $7.7 billion worth of Bitcoin and Ethereum options are set to expire today.
-
- Bitcoin ETF Boom Threatens Satoshi Nakamoto's Title as Top BTC Holder
- Sep 29, 2024 at 08:55 am
- Satoshi Nakamoto, the mysterious creator of Bitcoin, has long held the title of the top Bitcoin holder, with an estimated stash of around 1.1 million BTC.
-
- Impatient investor loses out on millions in panic sell blunder
- Sep 29, 2024 at 08:50 am
- What an unlucky guy! The 21M $MOODENG he sold for $297 is now worth $6.3M! #MOODENG
-
- CYBRO Presale Achieves $2.5 Million Milestone: A One-in-a-Million Investment Opportunity
- Sep 29, 2024 at 08:45 am
- CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $2.5 million. This cutting-edge platform offers investors unparalleled opportunities to maximize their earnings in any market condition.