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The price of XRP has dipped sharply today, falling by 3.5% to trade at $2.42. This decline follows renewed concerns surrounding Ripple’s ongoing legal battle with Hace 13 horas XRP’s near-term price outlook depends heavily on legal rulings and spot ETF developments. A move above $2.50 would target $2.6553. A sustained break above $3 would Ripple, the largest holder of XRP, plays a crucial role in the token’s price fluctuations through its monthly unlocks and sell-offs. To date, the company has offloaded XRP (XRP) has declined by nearly 15% so far in October, with its losses driven primarily by the United States Securities and Exchange Commission’s (SEC) renewed Hace 1 día XRP fell over 6% amid global economic uncertainties, VivoPower raised $121 million to establish an XRP-focused treasury reserve, with prices consolidating between On October 23, Ripple transferred 60 million XRP tokens to two separate wallets, following a massive move of 200 million XRP the previous day. Totaling over $109 million, these Ripple (XRP) Deposits on Exchanges Falls below 3 Billion: $0.70 Price Breakout Ahead? XRP price reached a 20-day peak of $0.63 on August 25 but has since

Ripple Under Pressure: 52 Million XRP on the Move as Price Falls

The price of XRP has dipped sharply today, falling by 3.5% to trade at $2.42 (Note: This price may be outdated. Consult current market data). This decline follows renewed concerns surrounding Ripple’s ongoing legal battle with the United States Securities and Exchange Commission (SEC).

Recent on-chain activity shows 52 million XRP tokens on the move, contributing to market uncertainty. On October 23, Ripple transferred 60 million XRP tokens to two separate wallets, following a massive move of 200 million XRP the previous day. Totaling over $109 million, these transactions are raising questions about potential sell-offs and their impact on XRP's price.

XRP Price Analysis: Key Levels to Watch

Hace 13 horas: XRP’s near-term price outlook depends heavily on legal rulings and spot ETF developments. A move above $2.50 would target $2.6553. A sustained break above $3 would signal strong bullish momentum.

Ripple's Influence on XRP Price

Ripple, the largest holder of XRP, plays a crucial role in the token’s price fluctuations through its monthly unlocks and sell-offs. To date, the company has offloaded XRP to fund its operations and expand its ecosystem.

October Performance and Recent Losses

XRP (XRP) has declined by nearly 15% so far in October, with its losses driven primarily by the United States Securities and Exchange Commission’s (SEC) renewed pressure. Hace 1 día: XRP fell over 6% amid global economic uncertainties, VivoPower raised $121 million to establish an XRP-focused treasury reserve, with prices consolidating between defined ranges.

Exchange Deposits and Future Outlook

Ripple (XRP) Deposits on Exchanges Falls below 3 Billion: Is a $0.70 Price Breakout Ahead? XRP price reached a 20-day peak of $0.63 on August 25 but has since retraced. The decrease in exchange deposits may indicate reduced selling pressure, potentially paving the way for a future price increase, though this remains speculative given the ongoing market volatility and legal challenges. Keep a close eye on Ripple's legal battles and regulatory landscape to anticipate potential price shifts.

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