🛟🚧🚨🛑🎁🌹☎️👀XRP Price Decline Sparks Potential Buying Opportunity AI Summary According to Cointelegraph, XRP (XRP) has experienced a nearly 15% decline in October, primarily due to the United States Securities and Exchange Commission’s (SEC) renewed appeal in the Ripple lawsuit. Despite this downturn, some analysts view the drop as a potential buying opportunity. Historical price patterns and recent whale accumulation suggest that XRP could be poised for a significant rally in the coming months. Analyst CryptoBull has noted a striking resemblance between XRP’s current price behavior and its 2017 bull market trajectory. During that period, XRP consolidated within a symmetrical triangle pattern before breaking out and rallying by 66,240% to a record high of $3.31. As of October 2024, XRP is nearing the apex of a similar triangle structure on its monthly chart. Such formations often precede strong directional moves, and if XRP follows historical precedent, a breakout could lead to substantial gains. The apex of the current symmetrical triangle is around $0.52. Should the price break above the upper trendline from this level around June 2025, the pattern’s potential upside target is near $23.40, representing an increase of over 4,200% in the coming years. However, the SEC’s appeal in the Ripple lawsuit could pose a significant headwind for XRP’s bullish setups. If the agency successfully argues that XRP’s secondary sales to retail investors violated US securities laws, XRP could potentially break below the lower trendline of its prevailing symmetrical triangle pattern. This level coincides with its 50-month exponential moving average (50-month EMA) and the 0.236 Fibonacci retracement line. In the event of a breakdown, the next price target is around the 0.0 Fib line at $0.11, down 78.25% from current price levels. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
According to BlockBeats, data from Farside Investors on October 5 revealed that Ethereum spot ETFs experienced a net inflow of $7.4 million the previous day. The breakdown of the inflows and outflows is as follows: ETHA saw an inflow of $14.7 million, FETH had no change, ETHW recorded an inflow of $900,000, CETH remained unchanged, ETHV had no change, QETH saw no change, EZET had no change, and ETHE experienced an outflow of $8.2 million. The overall net inflow indicates a positive sentiment towards Ethereum spot ETFs among investors. #ETF #ETH Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs. ETH 2,405 +1.17% 504 Views 1 Likes 0 Quotes 0 Shares 2 Replies Most Relevant Most Recent Leonila Wildin XdFA
Monolithic Blockchains Outperform In September AI Summary According to Cointelegraph, monolithic blockchains, which integrate different layers into a single architecture, showed strong performance in September, as highlighted in VanEck's latest Crypto Monthly Recap. The report noted significant price gains for Solana (SOL), Sui (SUI), and Aptos (APT), with increases of 14%, 118%, and 23%, respectively. Sui's impressive performance was driven by a 140% increase in daily active addresses during September, pushing its market capitalization above $5 billion. VanEck's researchers also pointed to Aptos' recent Raptr software upgrade as a key factor behind the network's 30% month-over-month growth in daily active addresses. Monolithic blockchains, often referred to as 'Ethereum killers,' are noted for their higher throughput compared to modular blockchains due to their more efficient structures. Earlier in 2024, Pantera Capital described Solana as the MacOS of blockchains, emphasizing its vertically integrated protocol. This approach is similar to Apple's strategy of developing both software and hardware in-house. The higher throughput and lower transaction costs of blockchains like Solana and Sui make them attractive for smaller payments, asset tokenization, and minting non-fungible tokens (NFTs). A recent report from Sygnum Bank highlighted Solana's potential as a payment network and its ability to challenge Ethereum's dominance. VanEck's previous report indicated that newer layer-1 competitors are reducing fees and transaction times, which is eroding Ethereum's market share. Researchers noted that market speculation remains the primary use case for public blockchains, and the lower transaction costs of higher throughput layer-1 blockchains are encouraging users to migrate from Ethereum. This migration has contributed to Ethereum's poor price performance throughout much of 2024. Ethereum's price dropped by 12% between Oct. 1 and Oct. 3, and the digital asset has been trading below its 200-day exponential moving average (EMA) since August 2024.
🧐🧐$ADA is currently retesting the breakout level of its falling wedge pattern. A successful retest could lead to a notable upward move in the coming days. #ADA #WeAreAllSatoshi #BinanceLaunchpoolHMSTR #SECAppealRipple #HBODocumentarySatoshiRevealed🤑🤑🤑