Price Prediction on XRP will be between 0.55 and 0.65 based on current trends and expert analysis, it is possible to make an educated guess about the potential price range for XRP this week.
This range is based on the following factors:
The overall trend of the cryptocurrency market: The cryptocurrency market has been on an upward trend in recent weeks, and XRP has been following suit. This suggests that there is a positive sentiment toward the cryptocurrency, which could help to push the price higher.
Technical indicators: Technical indicators such as the RSI and MACD suggest that XRP is currently in a bullish trend. This means that the momentum is on the side of the buyers, which could also help to push the price higher.
Upcoming news events: There are no major news events scheduled for XRP this week, but any positive news could help to boost the price.
Of course, these are just predictions, and the actual price of XRP could be much higher or lower. It is important to do your own research and make your own investment decisions. #XRPUpdate #trending
Important Binance Announcement Affecting Ripple (XRP), ADA, SHIB Holders
Binance will halt support for BUSD product in mid-December.TL;DRBUSD Support Ends: Binance to cease support for BUSD products from December 15, 2023, with all BUSD withdrawals stopping on December 31. Balances will be converted to FDUSD at 1:1.Trading Pair Removals: Key trading pairs including XRP/BUSD and BTC/BUSD will be removed. Certain countries are excluded from these changes.Cryptocurrency Delisting: Binance to delist BitShares, PERL.eco, Tornado Cash, and Waltonchain by December 7 due to factors like low trading volume, impacting their prices.Binance’s Latest AmendmentThe world’s largest cryptocurrency exchange in terms of trading volume – Binance – said it will cease support for BUSD products on December 15, 2023. “Please be assured that BUSD will always be backed 1:1 by USD. Paxos has stated that BUSD will remain supported by Paxos and redeemable through at least February 2024,” the company added.Binance encouraged clients to withdraw or convert their BUSD holdings into other assets before the aforementioned deadline. It is worth noting that users are allowed to trade their BUSD balances for FDUSD at zero trading fees.All BUSD withdrawals will be disabled on December 31, 2023, and remaining balances will be automatically converted to FDUSD at a 1:1 conversion rate. Binance users in Japan, France, Italy, Poland, and Kazakhstan are excluded from the amendments.The exact trading pairs that will be removed include XRP/BUSD, ADA/BUSD, SHIB/BUSD, BTC/BUSD, ETH/BUSD, DOT/BUSD, and many more.Binance’s Previous DelistingThe trading venue also announced that it will remove four cryptocurrencies from its platform on December 7. Those are BitShares (BTS), PERL.eco (PERL), Tornado Cash (TORN), and Waltonchain (WTC).The reason behind the move seems to be a variety of factors, such as reduced level of development activity, low trading volume and liquidity, evidence of unethical/fraudulent conduct or negligence, and others. The disclosure seemed to have negatively affected the price of the aforementioned assets. TORN has plunged by over 50% in the past seven days, while PERL has collapsed by almost 70% for the same period.
Philippines to block access to crypto giant Binance
MANILA — The Philippines will block access to cryptocurrency giant Binance, an official said Thursday, as part of a crackdown on online trading platforms operating in the country without licenses.The Securities and Exchange Commission (SEC) announced Tuesday that Binance was not registered in the Philippines and therefore not authorized to sell or offer securities in the country.Filipinos could withdraw their investments before access to Binance's platform and apps was blocked, which was expected to happen "within three months", it said.Other online trading platforms, including OctaFX and Mitrade, will be blocked in the coming months after the SEC found they were also operating without necessary licenses."We want to keep the investing public safe," SEC Commissioner Kelvin Lester Lee told AFP on Thursday."These entities were given a chance, multiple times, over the last few years to register... the fact that a lot of them chose not to do so, that implies something to us."The SEC also asked Google and Meta to stop Binance advertisements from appearing in the Philippines."We're not the only one doing this, a lot of other countries are doing the same thing," Lee said."If you're not registered, you'll automatically have a problem."Earlier this month, former Binance chief executive Changpeng Zhao resigned his post after he and the company pleaded guilty to sweeping US money laundering violations and agreed to fines of more than $4 billion.https://news.abs-cbn.com/business/11/30/23/philippines-to-block-access-to-crypto-giant-binance$BNB #BinanceTrends