XRP’s Third Breakout Phase Slowly Fading Amid 1Fuel Launch Stealing Big Limelight From the Rival Token
The post XRP’s Third Breakout Phase Slowly Fading Amid 1Fuel Launch Stealing Big Limelight From the Rival Token appeared on BitcoinEthereumNews.com.
XRP recently entered its third breakout phase, but momentum is slowing down. Trade wars and budding crypto regulations have plagued the global crypto market, causing uncertainties. XRP price movement has its investors searching for newer opportunities to accumulate gains. One opportunity attracting massive interest is 1Fuel’s (OFT) ongoing presale. Uncertainties leave the XRP price in a tight spot Crypto firms, such as Binance and Lejilex, have filed a joint motion with the SEC to postpone their court cases. The argument for this is the transition of a new SEC administration and the formation of new regulations that could alter the outcome of their cases. The SEC’s delay in legal decisions and agreement to postpone has fueled the hope of XRP enthusiasts that the SEC could withdraw its appeal against Ripple (XRP). However, this delay will continue to cost legal fees and other administrative dues. The new SEC is hinting at dismissing non-fraud enforcement cases, which could positively affect Ripple’s case if it is true. However, the speculation has yielded little price action on XRP. It is currently trading at $2.4, having lost over 5% of its value in the last 24 hours, canceling out the previous week’s gains. XRP investors have adopted a “wait and see” approach, with extreme caution permeating the market. However, the lure of early adoption in a high-potential project, such as 1Fuel (OFT), is attracting XRP investors to its ongoing presale. 1Fuel enjoys the spotlight with its $2.1 million presale 1Fuel has successfully sold out three presale stages of its OFT tokens. It is currently on its 4th presale stage at a $0.018 price tag, and its sales momentum is not slowing down. With over $2.1 million in OFT tokens sold, investors’ confidence is rising around the future of the project. We know momentum births momentum.…
Filed under: News - @ February 15, 2025 11:17 pm