A top crypto market expert predicts XRP price to hit $1.10 before a massive breakout to $6, sparking market optimism amid a flurry of positive developments surrounding Ripple.

XRP Price To Hit $1.10, Top Expert Predicts
The XRP price has noted volatile trading lately, due to broader market uncertainties and the ongoing Ripple Vs SEC lawsuit. The Ripple case has entered the appeal phase, which has initially sparked concerns among investors. However, as the US SEC didn’t challenge the court’s ruling over XRP’s security status, many in the crypto community remain optimistic about the crypto’s future.

In a recent podcast, popular crypto market figure Bitboy predicts XRP price to hit $10, citing a clear regulatory path and other market conditions. Echoing the bullish sentiment, another top crypto market expert, EGRAG CRYPTO also shared a similar forecast which has caught eyes of the investors.

In a recent X post, EGRAG CRYPTO shared an XRP price chart and said that the crypto is likely to hit $1.10. However, the analyst noted that this $1.10 mark is the “ignition stage”, which he also deemed as a “launchpad” for further rally.
Meanwhile, the expert said that after Ripple crypto’s close above the $1.10 support, it is unlikely that the crypto would fall below the $1. Besides, it could also set the path for a potential rally for the crypto to $6.4 or even $13, which has bolstered the market sentiments.
Source: EGRAG Crypto X account
Will Ripple Developments Aid In The Rally?
Recently, a flurry of positive market trends appears to have boosted the market sentiment over a potential XRP price rally. For context, the declining stake of Ripple in Escrow has sparked market optimism, a development that has also been lauded by the pro-XRP lawyer Bill Morgan recently.

On the other hand, Ripple CEO Brad Garlinghouse also shared key market developments, that have gained attention from the investors. In a recent X post, Garlinghouse highlighted the growing institutional interest in XRP, as evidenced by the recent ETF filings by 21Shares, Bitwise Invest, and Canary Capital. These filings, if approved, are expected to provide a robust boost to the crypto’s price, which could potentially send it to a new ATH.

Meanwhile, XRP price today was down 0.8% and exchanged hands at $0.5071 during writing, while its trading volume remained flat at $1.02 billion. Furthermore, CoinGlass data showed that XRP Futures Open Interest fell 1.3% to $686 million, indicating a muted interest from the investors.

However, the recent muted trading appears to be due to the US Election. The market has been anticipating a highly volatile trading scenario for some time now due to the US election, with many anticipating a strong rally in the coming days. A flurry of experts, citing historical trends, predicts Bitcoin price and the top altcoins to rally going forward, potentially hitting new ATHs.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news for trading, staking, investing after our own research. All source collect from internet.

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XRP price trades near crucial $0.40 support, with potential breakout as global liquidity rises and U.S election results unfold.
XRP price lies near a crucial level as the U.S elections polling day on November 5th approaches Investors and analysts are keenly observing the potential impact of this significant political event on the crypto market, particularly Ripple (XRP). Read till last line for better understand.

XRP Price Ahead of U.S Election Day
The price of XRP has increased by 0.1% in the last 24 hours and is trading at $0.5072. Technical analysis shows the asset is in a consolidation within a descending triangle. Albeit bearish these types of setups can result in a bullish breakout 32% of the time, which is usually explosive.
Source: Trading View
The crypto market is down 2.5% in the last 24 hours as well as Bitcoin continues to struggle below the $68,500.
The current XRP price reflects the uncertainty in the market as the race between Donald Trump and Kamala Harris tightens. Data from the Polymarket predictions market shows Trump is likely to win with a 59.3% lead. However, this is a drop down from 67% last week. This has crypto investors and Trump-supporters worried.

Buy XRP? Jim Cramer Says Kamala Will Win
Popular American TV personality and former hedge fund manager Jim Cramer said that Monday’s market action suggests traders expect a Kamala Harris win.
Image Source: x formally twitter.
I’m not sure the market’s right about what a Harris presidency would mean for business, but at least now we have a blueprint for what Wall Street thinks it’ll mean,” he said.
Cramer has been nicknamed the ‘living counter indicator’ because all of his predictions have come to pass, only in the inverse, and with stunning accuracy.
The crypto market and XRP investors are now getting ready to top up their bags as they anticipate Cramer’s inverse predictions will once more hit the nail on the head.

XRP to Rally As Global Liquidity Increases
Historically, XRP has demonstrated remarkable price surges during periods of increased global liquidity. For instance, during the 2017-2018 market cycle, XRP experienced a staggering 60,000% increase, reaching its all-time high of $3.31 in January 2018. Similarly, in the 2020-2021 cycle, XRP rallied to $1.96 in April 2021, despite facing significant legal challenges.
Image source: x formally twitter.
With a potential shift back to a risk-on environment that is the cryptocurrency industry, XRP could be ready for another massive breakout. This shift has been observed from the surging Bitcoin ETF inflows witnessed last week. These inflows were majorly responsible for driving the BTC price to $73,500.

Data from Soso Value shows the total net assets for the U.S spot Bitcoin ETFs is currently $67.44 billion, meaning American investors have bought over 986,000 BTC through ETFs. This interest in exposure to crypto assets will drive an increase inn liquidity that will propel XRP price to new heights.

XRP Price Analysis: Breakout Imminent?
XRP price action shows consolidation within a descending triangle. There is an accumulation zone around the $0.40 – $0.55 range, which has served as strong support over an extended period, suggesting accumulation by buyers at lower levels. The descending triangle indicates bearish pressure, although there’s a strong support around $0.40
Source: Trading View
The descending trendline around $0.55 – $0.60 acts as the primary resistance. A breakout above this would be bullish.
If the strong support around $0.40 is broken, further downside could be seen towards $0.30.

The U.S. will be revealing its next president in the coming days, and crypto markets are in a holding pattern. The price of XRP is ready to explode, banking on the increased global liquidity entering the crypto market. Cramer has said Kamala is likely to win, causing investors to prepare for entry as his predictions usually fulfill in the inverse.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news for trading, staking, investing after our own research.

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Elon Musk, CEO of Tesla and SpaceX, has recently become more involved in the political world by expressing his support for Donald Trump's presidential campaign. This involvement raises concerns about business ethics and freedom of speech. Musk also drew attention with his statement that he “doesn't know anyone who wouldn’t vote for Trump this year.”
Musk’s Comments on X and Shift in Voter Sentiment
In a recent post on X, Musk stated, “In the last election, I didn’t know a single independent voter who voted for Trump. This time, I don’t know anyone who wouldn’t.” This remark highlights a shift in voter sentiment toward Trump.
There is speculation that Musk plans to create an initiative called the Department of Government Efficiency (DOGE) if Trump wins the 2024 election. Musk has long advocated for freedom of speech and warns that if Kamala Harris were to win, this freedom could be threatened in the U.S.
Musk’s Financial Support for Trump’s Campaign
Musk contributed approximately $132 million to Trump’s campaign, making him a significant figure in the Republican effort to reclaim the White House.
However, his support has sparked varied reactions within the cryptocurrency industry. David Schwartz, CTO of Ripple, publicly expressed his concerns about Musk’s political involvement on X.
Concerns in the Cryptocurrency Sector
In his post on X, Schwartz questioned whether Musk’s support points toward a future where influential entrepreneurs might fear criticizing the government out of retaliation concerns. Schwartz warns that such a scenario could suppress freedom of speech and accountability in the business sector.

Musk’s leadership style and influence could deter business leaders from openly expressing opinions, fostering an atmosphere of fear that could hinder innovation.
Ethical Concerns: Undermining Trust in Business
JS Nelson, a business ethics expert, commented, “Musk’s behavior erodes trust… Unethical behavior may bring short-term gains, but it ultimately leads to serious consequences.”
As Musk’s influence grows, it is crucial to monitor its impact on business ethics and freedom of speech. The public should be aware of these implications and demand accountability.

What’s Your Take?
With Elon Musk’s influence expanding and sparking debate in the crypto and business communities, what do you think? Does his support for Trump challenge business ethics and freedom of speech, or is it simply part of his stance on free expression? Share your thoughts below – we’d love to hear different perspectives!

#ElonMusk. , #donaldtrump , #Election2024 , #CryptoNews🚀🔥 , #Ripple💰

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

A top expert predicts XRP price to hit $10 citing several positive market trends, with many in the crypto community lauding Ripple's declining Escrow stake.
A top expert recently predicted the XRP price to hit $10 citing a flurry of reasons, which have sparked optimism among investors amid several positive market trends. Besides, the community also appears to have lauded the declining XRP stake of Ripple on Escrow, which many have deemed as a positive development. Notably, the crypto has gained notable traction lately, especially with the prolonged Ripple Vs SEC case. Read till last line for better understand.

XRP Price Targets $10 Rally
The popular figure in the crypto market, Ben Armstrong, also known as The BitBoy on X, shared a bullish forecast for XRP price recently. In a recent podcast with XRP enthusiast Edo Farina XRP, BitBoy predicts the crypto to hit $10, citing several reasons.

Armstrong mentions a clear regulatory path for XRP for the rally ahead, saying that the Ripple SEC lawsuit doesn’t impact its price trajectory anymore. Although the case entered the appeal phase last month, BitBoy noted the case would not affect the crypto like the past bull run.

He noted that previously, investors were concerned about the US SEC’s classification of crypto as a security, which is not the case anymore. He mentioned XRP as the “chosen institutional vehicle”, indicating that the investors are growing confident in the crypto’s potential despite legal hurdles.

Besides, BitBoy also reiterated his belief that Ripple’s native crypto is poised to surpass Ethereum, further fueling discussions. Earlier this month, he said that XRP is poised to hit between $16 and $22 by 2025, potentially flipping Ethereum’s market cap.
Image source: x formally twitter.
Ripple Escrow Stake Declines Sparking Optimism
In a recent X post, pro-XRP lawyer Bill Morgan revealed that Ripple’s escrow holdings of XRP have decreased to below 39% of the total supply. This marks a significant drop from 55% in 2020, which he believes to be a positive development.
Morgan considers this decrease a positive development, contradicting concerns that Ripple’s escrow suppresses the XRP price. The US Securities and Exchange Commission (SEC) previously argued that Ripple’s escrow was used to artificially support the price of the crypto.

However, Morgan disputes this, citing “dozens of reasons” why the escrow’s impact is misunderstood. Ripple maintains that the escrow demonstrates responsible management of its substantial XRP holdings. So, the decline in Ripple’s escrow holdings may alleviate concerns among investors and potentially boost market sentiment.
What’s Next For XRP Price?
Ripple CEO Brad Garlinghouse boosted the market sentiment with his positive remarks on the blockchain firm and its native crypto recently. Precisely, he lauded the soaring institutional interest in the crypto, especially after 21Shares recently filed for XRP ETF with the US SEC. Notably, Bitwise and Canary Capital have also filed previously for the same, indicating the growing market interest in the crypto.

Meanwhile, XRP price traded near the flatline today, and exchanged hands at $0.5053 during writing, while its trading volume jumped 44% to $919 million. The crypto has touched a 24-hour high of $0.508, and CoinGlass data showed that XRP Futures Open Interest fell 1.6% at the same time.

However, the latest volatility could be due to the broader crypto market volatility concerns ahead of the US Election and FOMC this week. Besides, the latest prediction by BitBoy has sparked optimism in the market over a potential rally in the crypto’s price.

On the other hand, a recent XRP price prediction hints at a potential rally for the crypto to $0.8 this month. Similarly, popular crypto market expert EGRAG Crypto has also shared a bullish XRP forecast, bolstering market sentiment. He said that with major upcoming announcements on the card, the crypto could witness double-digit gains in the coming days.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news trading, staking, investing. XRP is the next bull run crypto currency.

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XRP is currently trading in a narrow price range, indicating temporary stability.
Analysts see potential for a rally if XRP can break through the resistance level at $0.55.
Ripple’s progress in DeFi could attract new investments and add bullish potential to XRP’s outlook.
Recent movements in Ripple’s (XRP) price have drawn attention. Ripple’s expansion into cross-border payments and DeFi development offers some hope, even as XRP’s price dropped 3.1% in the past day and 5.4% over the last month.
XRP is currently valued at $0.49, trading between resistance and support levels. Will this lead to a rally, or is a downturn imminent? Let’s analyze the chart’s key signals to find out.

XRP in a Narrow Channel: Stability or Stagnation?
On the hourly chart, XRP moves within a tight price channel from a support level of $0.4977 up to resistance at $0.5111. With most of the Average True Range (ATR) now covered, we may see a quieter trading day ahead.
Limited price fluctuations often indicate temporary stability, but a break from this narrow range could trigger rapid momentum shifts. A break above resistance could signal bullish potential, while a dip below support might indicate bearish signals.
The Daily Chart Points to a Possible Bearish Reversal
The daily chart shows XRP near a support level at $0.4877, where pressure is building. A drop below this level could lead to a decline toward $0.48. For long-term traders, a weekly close below $0.49 could signal a test of the $0.44 level in the coming weeks.
Despite short-term caution, analysts remain cautiously optimistic. If XRP manages to break through the $0.55 resistance, some experts predict a rise to the $1.36 to $1.89 range. This optimism stems from Ripple’s push into DeFi, which could spark renewed interest in XRP.
For now, XRP’s chart tells a mixed story, showing both resistance and support. These levels have the potential to shift market sentiment. As XRP moves within this range, investors should closely monitor these price points to anticipate the next big move.
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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

With 2024 coming to a close, investing in XRP now could be a game-changer for those looking to capitalize on its growth potential. Here’s why XRP is heating up:

1️⃣ Regulatory Clarity: After a prolonged legal battle with the SEC, Ripple’s regulatory troubles are easing, setting the stage for renewed investor confidence. This could bring a surge of new capital into XRP!

2️⃣ Bullish Market Predictions: Analysts forecast XRP’s price to climb, potentially reaching between $0.758 and $1.565 by December 2024. With such an upside, XRP could be a compelling addition to your portfolio!

3️⃣ Exciting New Developments: Ripple is ramping up innovation with a dollar-linked stablecoin and expanding global partnerships. This expansion boosts XRP’s use case in global finance, driving demand and utility.

4️⃣ Institutional Interest on the Rise: Grayscale recently launched its XRP Trust, signaling strong institutional interest. Institutional investments often push prices higher as more capital flows into the asset.

With all these factors aligning, XRP is positioned for potential gains as we approach year-end. Now might be the time to consider an investment in XRP!

💰 $XRP

#XRPGoal #Ripple💰 #CryptoInvestingTips #CryptoNewss #xrparmy

The crypto universe has closed another week with remarkable developments unfolding across the broader sector. While Ripple vs. the U.S. SEC lawsuit saw new advancements, Shiba Inu gained significant attention due to ecosystem developments. Simultaneously, with the U.S. elections nearing, the market appears to be echoing a frenzy. So, let’s take a closer look at some of the top cryptocurrency market updates reported by Crypto Wolf Team Media over the past week.

Ripple vs. SEC Lawsuit Advances
Notably, this week saw the Second Circuit Court of Appeals issue a deadline for the U.S. SEC‘s opening brief regarding appeals in the XRP lawsuit. The deadline set by the court of appeals was January 15, 2025.
Simultaneously, Ripple executives Brad Garlinghouse and Chris Larsen hired prominent attorneys to dismiss the claims in the XRP lawsuit this week, sparking market discussions. Meanwhile, the U.S. court ordered Ripple Labs to consider an alternative resolution before lawsuit proceedings concluded. Overall, these legal maneuvers have caused a stir in the XRP market, with on-chain movements adding to investors’ speculations. Ripple was recorded unlocking nearly 900 million XRP from escrow this week, adding intrigue toward price movements.

Also, the recent buzz around an XRP ETF has added to investor enthusiasm surrounding the crypto. Ripple CEO Brad Garlinghouse remains optimistic on an ETF with Bitwise Invest, Canary Capital, and 21Shares forging ahead with S-1 forms. Overall, market watchers are extensively eyeing the coin for price action shifts amid recent developments.

Shiba Inu Sparks Optimism Across Crypto Market
Meanwhile, it’s also worth mentioning that Shiba Inu emerged as the talk of the cryptocurrency town this week. Shiba Inu lead developer Shytoshi Kusama recently sought a meeting with Ethereum co-founder Vitalik Buterin in a bid to boost optimism for the meme token. Simultaneously, the lead developer also revealed how SHIB outshined BTC, bringing additional investor optimism toward the meme coin.
Also, the SHIB burn rate noted a remarkable surge this week, soaring 253,000% and sparking market optimism surrounding the coin. Further, crypto analyst Javon Marks anticipated a new ATH for Shiba Inu’s price amid recent optimistic developments. Altogether, the coin set off optimistic waves this week, witnessing noteworthy advancements.

U.S. Elections Loom Sparking Speculation
The looming U.S. elections have further pushed the market into a state of frenzy, with market watchers expecting a pivotal shift in sentiment despite who wins. Recent Polymarket data showed that Donald Trump’s winning odds stood at 55.2%, whereas Kamala Harris’ stood at 44.8%, somewhat attributable to the Republican’s pro-crypto stance.
Further, a recent Crypto Wolf team report revealed that cryptocurrency investors and policymakers should expect a bipartisan influx of digital asset-friendly lawmakers in both chambers post-2024 elections. Simultaneously, in light of Elon Musk’s D.O.G.E. role under Trump, the American billionaire sought expertise from U.S. Fed critic Ron Paul, sparking discussions nationwide.

Here’s What You Need to Know Before Diving In!
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As 2024 draws to a close, Ripple's XRP remains in the spotlight. Its unique role in cross-border payments and various factors influencing its price make XRP a closely watched cryptocurrency.

*Key Drivers:*

1. *Legal Developments and Regulatory Clarity*: Ripple's ongoing legal battle with the SEC and potential resolution in 2024.
2. *Growing Institutional Adoption*: Ripple's partnerships and On-Demand Liquidity (ODL) service.
3. *Market Sentiment and Broader Crypto Trends*: Overall cryptocurrency market enthusiasm.
4. *Technical Indicators and Market Analysis*: Support levels, MACD, and RSI.
5. *Social Sentiment and Media Influence*: Investor sentiment and news coverage.

*Potential Price Scenarios:*

- *Bullish Outlook*: $0.65-$0.75 (favorable legal outcome, positive market momentum)
- *Moderate Projection*: $0.50-$0.60 (steady institutional interest, stable market)
- *Bearish Scenario*: Below $0.45 (negative market trends, regulatory setbacks)

*Conclusion*

XRP's year-end price trajectory will likely be influenced by regulatory clarity, adoption, and broader crypto market environment. Staying updated on legal news, market sentiment, and technical indicators is essential for informed investment decisions.

*Disclaimer*

Cryptocurrency investments carry risks. Always conduct thorough research and consult experts before making investment decisions.

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Some potential hashtags for this article:

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Ripple CEO Brad Garlinghouse highlights a new era for XRP as institutional interest rises amid major news for the broader crypto community.
Ripple CEO Brad Garlinghouse on Saturday shared good news with the XRP and the broader crypto community. Garlinghouse highlights a new era for XRP and Ripple as institutional interest in XRP products continues to rise while the US SEC loses credibility and reputation. Here’s What To Know read till last line.

Ripple CEO Brad Garlinghouse Hopeful on XRP ETF
Brad Garlinghouse, chief executive officer at Ripple, took to X on November 2 to share optimistic news amid the company’s release of its Q3 2024 XRP Markets Report. He pointed to the start of a new era for XRP and Ripple.

He commented on the rising clarity on XRP in the markets as Bitwise Invest, Canary Capital, and 21Shares have filed S-1 forms for XRP ETFs. 21Shares became the latest firm to file for XRP ETF with the U.S. SEC. This indicates XRP investment demand from institutional investors.

“The message from the market is clear – institutional interest in XRP products is stronger than ever,” said Ripple CEO Brad Garlinghouse.

Recently, Grayscale launched XRP Trust and filed to convert its multi-asset fund Digital Large Cap Fund into an ETF product. Grayscale Large Cap Fund comprises Bitcoin, Ethereum, Solana, XRP, and Avalanche as its components.

Brad Garlinghouse Says US SEC Losing Credibility and Reputation
Ripple CEO said the US SEC’s war on crypto to subside as it has “lost battle after battle.” He added that the government agency’s continued disregard for the court’s authority will further erode its credibility and reputation. Notably, US courts have slammed the SEC’s approach in crypto lawsuits, with the crypto community criticizing the overreach under Chair Gary Gensler.
Meanwhile, Ripple executives have claimed that their cross-appeal in the US Court of Appeals for the Second Circuit provides a strong precedent for the crypto community. Also, the SEC has not appealed the XRP status as non-security.
In the latest filing, the appeals court has granted an order that the US SEC must file its opening brief regarding appeals in the SEC v Ripple case by January 15, 2025.

Ripple Made Major Progress
According to the Q3 2024 XRP Markets Report, the lawsuit against Ripple is a key factor impacting XRP price. However, other developments including RLUSD stablecoin launch plans, development activity in XRP Ledger, and partnerships to fuel growth.
Ripple’s XRP holding fell nearly 245 million to 4,436,713,796 and total coins on ledger escrow dropped by 600 million to 38,900,000,005.

XRP price continues to trade sideways 1% over the last day, with the price currently trading at $0.51. The price has dropped nearly 20% from a high of $0.65 last month.

However, Ripple CEO Brad Garlinghouse-led company reports that XRP saw average daily volumes (ADV) of $600-700 million on top-tier exchanges in Q3. Also, the XRP/BTC ratio increased by 27% over Q3.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news. Ripple Bull Run Crypto.

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XRP Price surge likely as Ripple IPO speculation intensifies. Analysts set $6 target if technical conditions align, signaling a breakout.
XRP price has been trading in a narrow range recently, hinting at a period of consolidation for the altcoin. This period of price stability was interrupted by a rebound, aligning with a broader market uptick, suggesting a shift in momentum. Market analysts are increasingly optimistic about XRP’s trajectory, with some forecasting a notable price surge. Speculation is mounting that Ripple’s rumored IPO announcement could be a catalyst, potentially driving XRP closer to new highs. Here’s What To Know read till last line.

XRP Price Prediction: Analyst Forecasts $6 Target For Ripple
Rumors of a Ripple Initial Public Offering (IPO) are circulating as Linqto, a private investment platform, promotes a chance for users to invest in Ripple pre-IPO. This follows Ripple CEO Brad Garlinghouse’s previous comments, suggesting an IPO in the U.S. isn’t immediate due to regulatory uncertainties.

Linqto highlights XRP’s utility in cross-border payments, aligning with Ripple’s mission of streamlined global transactions. With recent progress in these legal matters, Linqto’s promotion fuels speculation, though Ripple has yet to confirm any official IPO plans.
Source: x formally twitter.
XRP Price Prediction: Analyst Forecasts $6 Target For Ripple
Crypto analyst tweeted insights on XRP’s price movement, predicting potential support levels at $0.4850 and $0.4864. According to the analyst, the top altcoin will likely rebound from these levels, with the chance of rising to $0.66 if it holds above support for three days. However, should it fall below $0.4864, it could retest the $0.3917 level.

Crypto analysts added that XRP is following the 5 Elliott Wave structure, and breaking above the orange resistance would mark a critical bullish shift, suggesting a sustained uptrend with no reversal. The chart indicates XRP’s path within this wave pattern, highlighting critical resistance and support points.
Source: x formally twitter.
At the time of writing, the XRP price is $0.5203, up 1.92% in the past 24 hours. The Moving Average Convergence Divergence (MACD) indicator shows a gradual shift. The indicator, which measures momentum changes, hovers near the zero line, signaling a potential reversal.
Source: Trading View
With Ripple’s IPO speculation fueling optimism, XRP could be positioned for a significant rally if technical conditions align and regulatory approvals advance.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news. Ripple next Bull Run Crypto.

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On-chain data pointed out that Ripple unlocked 900M XRP from escrow recently, sparking speculations over a $25 price target ahead.

In a riveting turn of events, American blockchain payments company Ripple stole the spotlight on Friday, unlocking nearly 900 million coins from escrow. The massive unlock emerged in tandem with noteworthy lawsuit developments, sparking market discussions over future price action. XRP price traded at the $0.52 level today, with the broader market speculations gauging in on a potential $25 target ahead amid recent developments. Here’s What To Know read till last word.

Ripple Unlocks 900M Coins From Escrow Sparking Discussions
As per data by Whale Alert on November 1, the American blockchain payments company Ripple unlocked 900 million XRP from escrow in two massive transactions. The first transaction indicated that 500 million coins, worth $254.70 million, were unlocked and transferred to the address rDqGA2Gfve. Further, the second transaction indicated that 400 million coins, worth $203 million, were unlocked and moved to the address rw2hzLZgiQ.

These escrow transactions, boosting the token’s market supply, have raised investor concerns amid the token’s current volatile run. Further, a recent CoinGape Media report spotlighted massive XRP whale dumps to exchanges, solidifying an apprehensive market state for the digital asset.

Simultaneously, recent legal maneuvers in the Ripple Labs vs. the U.S. SEC lawsuit have garnered additional attention toward the massive on-chain transactions surrounding the coin. Notably, the U.S. Court of Appeals for the Second Circuit set January 15 as the deadline for the US SEC to file its opening brief regarding appeals in the ongoing lawsuit.

Will XRP Rally To $25?
At press time, XRP is trading at $0.51, showcasing a highly volatile trading session over the past day. Further, the coin’s intraday low and high were recorded as $0.5039 and $0.5234, respectively.
Notably, Ripple coin’s intraday trading volume soared 42% to $1.25 billion, sparking contrasting market sentiments about the asset’s future. Besides, Coinglass data showed that the crypto’s futures OI slipped 1% to $734 million. This data has added to mixed investor sentiments surrounding the asset’s price ahead.

Also, it’s worth mentioning that an XRP price analysis by CoinGape Media suggests that the coin could rally as high as $25 soon. As the U.S. elections near, crypto market analysts anticipate a phenomenal shift in price trajectories. Primarily, with Donald Trump’s pro-crypto stance and substantially high winning bets, market watchers anticipate that a $25 price target is possible, given the Republican wins.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news. Here’s What To Know, why next bull run crypto.

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21Shares has filed with the US Securities and Exchange Commission (SEC) to offer an XRP ETF, joining the likes of Bitwise and Canary Capital. Here’s What You Need to Know Before Diving In!
21Shares has become the latest asset manager to file with the US Securities and Exchange Commission (SEC) to offer an XRP ETF. This again mounts pressure on the Commission to finally respond to the pending applications from the other asset managers who have applied to offer this fund.

21Shares Files For XRP ETF With US SEC
The asset manager filed with the US SEC to offer the ’21Shares Core XRP TRUST,’ which will track the performance of the XRP coin and offer institutional investors a means to gain exposure to the crypto. 21Shares joins Bitwise and Canary Capital, which have already filed their registration statements with the Commission to offer an XRP ETF.

It is worth mentioning that 21 Shares had previously filed with the US SEC to offer a Spot Solana ETF, although that application looks to have been rejected. The Commission still has doubts over Solana’s security status.

However, the application for the XRP ETF could take a different turn considering that XRP has already gained regularity clarity, with Judge Analisa Torres declaring that XRP isn’t a security in itself. Moreover, the US SEC didn’t appeal this decision in its appeal against Ripple, indicating that they have accepted XRP’s non-security status. Interestingly, 21shares’s ETF application just comes following the Court of Appeals first order in the XRP lawsuit.
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Recently, the head of #Ripple💰 , Brad Garlinghouse, shared a rather gloomy forecast about the prospects of Tether. In his opinion, the USDT issuer will face difficulties in the foreseeable future. Against this backdrop, the steiblcoin market may face serious shocks. The fact is that Tether is now in the focus of attention of many media. According to the Wall Street Journal report, regulatory pressure on the USDT issuer will actively grow.

In turn, the head of Tether denies such arguments in every possible way. In this context, it is worth noting that Ripple recently presented its stablecoin. Apparently, the organization plans to benefit from any instability that could potentially arise around Tether.

In a recent World Class podcast, Brad Garlinghouse expressed concern about the risks facing USDT. In particular, the specialist suggested that the US authorities will continue to exert systemic pressure on this stablecoin.

Drawing parallels with the early turmoil around Binance and FTX he noted that the next just might be USDT. "It's impossible to predict the emergence of the Black Swan for sure. But it is not excluded that the next one will be Tether's stablecoin,” the specialist emphasized.

Indeed, there are a lot of various rumors around USDT now. Recently, the head of Tether shared his thoughts on the matter. Paolo Ardoino noted that his organization actively cooperates with law enforcement agencies to promptly suppress any illegal actions of users. However, the cryptocurrency community is wary of such statements, especially given the consequences the global market faced after the high-profile FTX crash.
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