CandleFocus XRP Price Prediction: SEC Actions Could Result in a 21% Decline in October
2024-09-27
Author: Content Editor
The article discusses the uncertainty surrounding the participation of XRP in the anticipated "Uptober" surge in the crypto market. The Securities and Exchange Commission (SEC) plans to appeal a ruling in favor of Ripple regarding its programmatic sales of XRP, which could lead to a significant decline in XRP's price. The SEC has until October 7 to file an appeal, and the possibility of this appeal has already caused some investors to sell their XRP holdings. Technical indicators suggest a bearish outlook for XRP, with negative sentiment and a potential downtrend in the market. However, if buying activity gains momentum, XRP's price could rise.
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