CandleFocus XRP Could Plummet 30% as Ripple Faces Renewed SEC Legal Battle
2024-10-18
Author: Content Editor
The US Securities and Exchange Commission (SEC) has appealed its case against Ripple Labs over XRP, seeking clarification on whether the court erred in its proceedings involving Ripple CEO Brad Garlinghouse and co-founder Chris Larsen. XRP's trading activity has declined since the appeal was filed, leading to a 2% drop in value in the past 24 hours. The altcoin's Network Value to Transactions ratio (NVT) has reached a yearly high of 634, indicating that the asset may be overvalued and further price drops are likely. Despite this, long-term holders of XRP remain calm, while short-term traders have begun selling. XRP's price may drop to $0.38 if selling pressure intensifies or rally to $0.65 if new demand emerges.
Related News
3 AI Crypto Likely To Explode Ahead of Nvidia's November Earnings Derivatives Protocol Synthetix (SNX) Leads the DeFi Sector in Recent Development Activity: Santiment Merlin holds the leading position among Bitcoin L2 chains SHIB Burns Skyrocket on All Time Frames: What's Happening? Hoppy token hits all-time high, rare pattern points to more gains Ripple Price Analysis: XRP Unable to Overcome $0.55, is a Crash Imminent? Crypto Market Takes a Hit: $287M Liquidated in 24-Hour Rollercoaster AI Companions token rises as technicals point to a 45% AIC surge 5 Explosive Altcoins to Rally 100x This Weekend Michael Saylor Names Biggest Regret for Crypto Holders in Epic Bitcoin Post Here’s How High Ethereum Price Can Go by the End of October? Filecoin Expands With 60+ Teams Innovating Web3 and DePIN Solutions Dogecoin Whales Buy 899% More DOGE Amid Meme Coin Price Increase What Can You Do With $96? Smart Trader Invested In This Altcoin, Turned $96 Into $3 Million! Dogecoin Rockets 30% in Key Metric as Price Goes Bullish Bitfinex-backed Plasma raises $3.5 million to expand access to USDT stablecoins on Bitcoin Solana (SOL) Price May Not Break All-Time High in 2024, Indicators Reveal Industry has a ‘long way to go’ in addressing Web3 questions Self-Proclaimed Satoshi Craig Wright Clashes Again With XRP Community, What Happened? Cardano (ADA) Price Prediction for October 18 PEPE Price’s 32% Rally to Four-Month High May Stumble, Here’s Why Shiba Inu Market Cap Surges 43%, Reclaiming $11 Billion After September Drop Ethereum (ETH) Price Prediction for October 18 Dogwifhat price makes a comeback as WIF price rallies 76% in 30 days — What’s next? 'Diamond Hands' Bitcoin Investor Sells BTC After 5 Years of HODLing TON could help DeFi break into mainstream: Report SEC vs XRP: Ripple’s Legal Head Breaks Down Appeal Strategy io.net Collaborates with ParallelAI to Accelerate Decentralized Computing for Generative AI Ethereum-based Operating System ethOS unveils dGEN1 Hardware Device For Blockchain dApp Interaction Radiant Capital Taps FBI To Recover Stolen Funds in $50M Crypto Hack October Boosts Bitcoin Miners' Revenue—But How Will the Election Shift the Market? Will Bitcoin Price Hit $75K in the Next 10 Days of October? Analysts Reveal Their Year-End Expectations for Bitcoin (BTC), Citing Their Previous Successful Predictions as an Example! Why These Altcoins Are Trending Today — October 18 28 Million XRP Dump Stuns Ripple Community Did Jump Trading just ‘Fracture’ the trust of the entire crypto industry? The Bitcoin Mempool Drama Was All Too Predictable Can global regulation keep up with the tokenization boom? | Opinion A New Listing Announcement Came From Bitcoin Exchange Binance! Here Are the Details Gala Games Introduces Tokenized Founder’s Nodes on GalaChain for Transfers XRPL Xaman Wallet Hits Multi-Month High in Key User Milestone Is Tor still safe after Germany’s ‘timing attack?’ Answer: It’s complicated... Gold hits new all-time-high at $2,700 amidst bullish Bitcoin XRP Could Plummet 30% as Ripple Faces Renewed SEC Legal Battle Polkadot Joins Forces with Banxa and Polimec, Bridging Web2 and Web3 Google Search for "Bitcoin" at a yearly low Ethereum on the Brink of Bottoming Out Against Bitcoin, According to Benjamin Cowen – Here Are His Targets Bitcoin Could Hit Turbulence From US Bond Yields, Fed Policy: Analyst Solana Eyes Previous ATH As Top Analyst Says "Market is Poised For Action Post-Halving" Sotheby’s to offer six works by AI art star Botto, a decentralized artist operated by a DAO Litecoin 10% Rally Targets $100 as On-Chain Volume Nears $4B Binance Turns On Mobile Money Payments for Crypto in Six African Countries What is layer-2 in crypto? What is a layer-2 blockchain? Crypto Price Analysis October-18: ETH, XRP, SOL, DOGE, and SUI Polymarket whale raises Trump odds, sparking manipulation concerns Analyst Says Cardano Price Is "Bottoming" After Hitting Two-Year Low Dogecoin (DOGE) price up as meme coins rise EigenLayer X account compromised, shares malicious airdrop link Dogecoin (DOGE) Skyrockets 11% in Hours: What's Driving Surge? This Week in Meme Coins: Hoppy Forms New ATH, BOME, RETARDIO Rally Over 50% Is the ‘Uptober’ Bitcoin rally over? BTC traders turn bearish Popcat (POPCAT) Sees Fresh Buying Pressure, Targets $1.55 All-Time High Shiba Inu FUD Hits All-Time High – SHIB Team Makes Important Statement Northern Data Group’s Q3 Revenue Soars 235% on AI Computing Demand JUST IN! DWF Labs Announces Partnership with a New Altcoin, Price Spikes! Pepe Coin Price Prediction: Analyst Hints "Buy The Dip" Ahead of a Bullish 2025 DOGE Price Expects Bullish Breakout to Previous ATH Soon With Cycle Top Targets From $1 to $10 TunaChain Partners with Collably to Accelerate Blockchain Innovation Crypto market prediction for November 2024 NFT activity on Telegram surged 400% in Q3 2024: Report Top Analyst Says Dogecoin (DOGE) on Cusp of ‘Major Breakout,’ Updates Outlook on Solana Rival Sui and Popcat Global Bitcoin ETPs Register Biggest Seven-Day Inflow Since July Singapore's biggest bank DBS introduces 'Token Services' to enable blockchain-based banking SOL Price Targets $170 as Builder Interest on Solana Doubles Dogecoin Rallies 24%, Targets $0.20 as Social Mentions Skyrocket by 11.48K Apple Should Buy $100 Billion of Bitcoin, MicroStrategy’s Saylor Says Experts Say Bitcoin Weekly MACD and Monthly Trends Flash Green, Confirming Further Gains Fake Coinbase scam lands Indian national in prison for 5 years Strategic approaches to digital asset management Shiba Inu Surges 42% in 30 Days: Bullish Trend Targets $0.00000252 Ripple CEO Says XRP Will Be One of Crypto Winners $1 Million Bitcoin Surprise Epic Statement Made by Samson Mow POPCAT jumps 13.6% as analysts eye new highs Dogecoin (DOGE) Explodes 8% Daily, Bitcoin (BTC) Eyes $68K (Market Watch) Bitcoin Price Prediction: BTC Maintains Its Bullish Momentum Shiba Inu Bulls Buy 2.95T SHIB Worth $53M in a Day as October Flips Green Morgan Stanley’s Bitcoin ETF holdings surge to $272.1M amid rising crypto demand UAE to introduce legal framework for DAOs Wintermute accumulates GOAT from top whale wallets SEC’s Ripple appeal doesn’t challenge XRP non-security status US Treasury used AI to recover $4 billion in fraud over past year Toncoin Price Braces for Major Volatility as These Investors Step Back BTC price set to break 7-month slump as Bitcoin ETFs hit $65B record EthOS introduces dGEN1 hardware device for Ethereum onchain interactions Dogecoin and Bonk Rally, But Experts Warn of Market Correction Cardano (ADA) Eyes a Potential Recovery: Can It Bounce Back? Analyst Sets XRP Price Target if BTC Hits $80K in Next 3 Months Solana content tokenization grows with Cube listing of Access Protocol following Argentine government partnership Keplr Partners with Starknet: Revolutionizing the Web with ZK Rollups and Account Abstraction Dogecoin (DOGE) Strengthens Ground Amid a 9% Price Jump XRP Community Explores Native Staking on XRPL, with Contributions from Flare and Ripple CryptoPunks collection to be featured in 800-page book documenting phenomenal rise What’s Behind Solana Price Drop Today? Top 5 Blockchain Protocols For End-to-End Transaction Security Dogecoin Moons Again After Musk Drops Token Mention During Pennsylvania Town Hall Mountain Protocol Integrates Chainlink CCIP for USDM Stablecoin Bitcoin, Ethereum to See $1.62 Billion Options Expire: What It Means for Prices 'High-Risk' Crypto Loans Surge to a Two-Year High of $55M Ethereum’s Pectra fork adds dynamic blob fees to to improve L2 scaling BlackRock's spot bitcoin ETF draws in over $1 billion so far this week World unveils new layer-2 network 'World Chain' Best Cryptos to Buy for 2024: This Strategy Could Maximize Your Profits Is Liberland the key to crypto’s true revolution? IOTA Grants Update: 29 Projects Awarded $3.6 Million to Transform Tokenisation, Invoicing, DEXes Cardano Price Faces Uncertainty, Here’s What’s Likely to Follow BitBoy Says XRP Still Set to Moon Despite Latest SEC Move Against Ripple Stacks ($STX) Launches on Nexo Platform, Unlocking Bitcoin-Powered Smart Contracts DWF Labs Expands Platform with Options Trading for Web3 Assets Bitcoin Exchange OKX Announces That It Has Delisted Another Altcoin Trading Pair! Donald Trump Crypto Assets Surge by $6.1M in 2024 With Memecoins Dominating Bitcoin Exchange Binance Announces It Will End Pre-Market Trading for This Altcoin and Launch Spot Trading! US SEC Officially Appeals Ripple Ruling Over , $XRP Dips Bitcoin to pump if oil, energy prices surge amid Middle East tension: Hayes SEC targets Ripple’s XRP sales on exchanges, distributions of XRP to employees in new filing Alchemy Pay Partners with CKB Eco Fund to Streamline $CKB Purchases Best Cryptos to Buy for 2024: This Strategy Could Maximize Your Profits Is a gently used 2001 honda civic ($USEDCAR) the next super memecoin? Bitcoin Analyst Predicts Final Correction Before All-Time High Push Fantom (FTM) Price Shows Signs of Slowing After 14% Weekly Surge Smart Money Nets Millions: Big Wins with PEPE, SPX, MOG, and WOJAK Crypto Goes Mainstream: Blackrock Boosts North America's $1.3T Inflows XRP Price Analysis: Can it Break Out of Channel B and Rally to $1? US has 26M strong ‘crypto voting bloc’ ahead of elections — Survey Russia’s Central Bank Report Spotlights Ripple Potential Despite SEC Appeal VeChain (VET) “Turbo Trigger” Activated? Price Could Reach $1 China’s Stock Rally Takes a Toll on its Crypto Market Memecoins drove Tron network revenue to new high over Q3: Messari Top Bitcoin Gatherings of 2024: Where Crypto Minds Converge Unveiling the Hidden Threats: Critical Blockchain Security Flaws Exposed Best Cat-Themed Meme Coins Today Hot Trends MOG and More Nearly 70% of institutional investors commit to Ethereum staking – survey Sheffield United Partners with Solana Meme Coin MANEKI for the 2024/25 Season Best Staking Crypto Coins Of 2024 Blockchain For Earning Income The Most Promising Cryptocurrencies in Q3 2024: Bitcoin, Ethereum, and Beyond Ripple Joins Forces With the IRC to Help Crisis-Affected People (Details) Shiba Inu (SHIB): Get Ready for Golden Cross, Solana (SOL) on Verge of Failing, Ethereum (ETH) Fights With Major Resistance Level FTX Token (FTT) Leads Market Gains, But It Does Not Mean Much Bank Of America Says Gold Is The Ultimate Safe Haven, What About Bitcoin? Why Did SEC Miss Crucial Ripple Appeal Deadline? US SEC Spokesperson Confirms To Proceed With Appeals in Ripple Lawsuit Ripple CEO Brad Garlinghouse Provides Clarity On RLUSD, XRP ETF, SEC Lawsuit, IPO Telegram gaming sees NFT and user engagement boom in Q3 2024: report Binance is the top exchange for Ripple’s XRP whales Could Arkham’s derivatives exchange really challenge Binance?