Settlement Hopes in Ripple vs. SEC Case Ignite $1 Target for Q3
The post Settlement Hopes in Ripple vs. SEC Case Ignite $1 Target for Q3 appeared on BitcoinEthereumNews.com.
XRP Price Prediction: On Tuesday, the cryptocurrency market witnessed another wave of selling pressure as Bitcoin plunged to a monthly low of $34000. The bearish momentum quickly spread to the altcoin market as top assets like Ethereum and Binance Coin (BNB) recorded 3%, while Solana (SOL) and Cardano (ADA) posted over 5%. Amid the downfall, the XRP price shows notable resilience with a long-rejection daily candle sustaining above multi-year support. Also Read: Rollblock, Solana, and Ripple’s Price Set to Surge as Bitcoin Records a Rally in Price XRP Price Prediction: Investor Optimism Fuels XRP Inflows to $1.1 Million XRP Price Prediction| Tradingview The XRP token in the past two months has showcased moderate volatility in line with broader market consolidation. However, unlike most of the major cryptocurrencies which recorded notable corrections in June, the XRP price remained sideways above $0.46. An analysis of the broader market context shows that the support trendline for XRP, established since March 2020, has effectively helped stabilize the price and mitigate deeper corrections. Recently, with a resurgence of investor interest, the XRP rebounded from $0.46, achieving a 7.56% increase to its current trading price of $0.492. In a recent report by CoinShares, digital asset fund flows for week 24 of 2024 reveal a total outflow of $600 million across various digital assets. Bitcoin faced the largest outflows, amounting to $621 million, while Ethereum and XRP stood out with positive inflows. Digital Asset Fund Flows by Asset for week 24! * Total outflows of $ 600 Mio.* Largest outflows in #Bitcoin with $ 621 Mio.* Largest inflows in #Ethereum with $ 13,1 Mio.* Other Altcoins: #XRP with largest inflows of $ 1,1 Mio. pic.twitter.com/TRwk1ztn1Z — Lucky177654 (@sigi_gauner) June 18, 2024 Ethereum led the inflow charts with $13.1 million, and XRP followed suit with notable inflows of…
Filed under: News - @ June 18, 2024 10:14 pm