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XRP Coin Price Expectations and Analysis
#Bitcoin price fell to $33,500 during the hours when Gold exceeded $2,000. This situation was not a good development for altcoins. Bitcoin's fluctuations significantly affect the cryptocurrency market. Focus is on the price levels to be followed for #XRP Coin until the end of October. XRP Coin's readings on the weekly chart show that the ascending trend line is maintained.
The altcoin, which was the bane of the SEC, then jumped to $ 0.586. However, the latest developments regarding the Ripple case and the rise of #BTC prevented XRP from showing its expected performance. Exceeding $0.55 is not enough for now, and if the weekly close is above this zone, optimism may increase.
Although the charge against Ripple executives has been dropped, the reason the price is not $1 may be due to the expectation that class appeals will end sooner. If the SEC succeeds, the gains from the July summary judgment could evaporate.
Finally, what levels is the price likely to reach by the end of October? Although the next resistance on the weekly chart has not been overcome, the direction is up and the RSI supports the rise. If the upward movement continues, we may see the price climb to the 0.68 and 0.74 regions by the end of the month. However, a daily close below $0.53 and negativity in fundamental analysis may trigger a decline to $0.43
$BTC $XRP
#Bitcoin price fell to $33,500 during the hours when Gold exceeded $2,000. This situation was not a good development for altcoins. Bitcoin's fluctuations significantly affect the cryptocurrency market. Focus is on the price levels to be followed for #XRP Coin until the end of October. XRP Coin's readings on the weekly chart show that the ascending trend line is maintained.
The altcoin, which was the bane of the SEC, then jumped to $ 0.586. However, the latest developments regarding the Ripple case and the rise of #BTC prevented XRP from showing its expected performance. Exceeding $0.55 is not enough for now, and if the weekly close is above this zone, optimism may increase.
Although the charge against Ripple executives has been dropped, the reason the price is not $1 may be due to the expectation that class appeals will end sooner. If the SEC succeeds, the gains from the July summary judgment could evaporate.
Finally, what levels is the price likely to reach by the end of October? Although the next resistance on the weekly chart has not been overcome, the direction is up and the RSI supports the rise. If the upward movement continues, we may see the price climb to the 0.68 and 0.74 regions by the end of the month. However, a daily close below $0.53 and negativity in fundamental analysis may trigger a decline to $0.43
$BTC $XRP
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