The Ripple case is scheduled to settle today amidst a broader market downturn affecting both stocks and cryptocurrencies. Over $1.1 trillion has been wiped out from the US stock market, and $100 million in cryptocurrency was liquidated in just one hour. Speculation arises about the role of whales in this downturn, though there is no concrete evidence to confirm intentional market manipulation. Additionally, $ETH outflows have exceeded inflows since the ETH ETF began trading, signaling cautious investor sentiment.
Investors are closely monitoring the outcome of the Ripple
case. A favorable result could see XRP surging to $0.68 or higher. Conversely, an unfavorable result might lead to a sharp decline, potentially dropping $XRP to $0.56 or lower. This high-stakes situation underscores the marketâs sensitivity to regulatory developments and the significant influence of major financial players.DYOR
#ETH_ETFs_Trading_Today #XRP_ETF #Bitcoin_Coneference_2024 #BinanceHODLerBANANA #Wirite2Earn
