Ripple's XRP is trading at $0.5050, up 0.2% in the past 24 hours. Ripple's Q3 report highlighted the increased listing and relisting of XRP on crypto exchanges and global platforms. The clarity regarding Ripple's battle with the SEC has sparked institutional interest, with three asset managers filing for an XRP ETF. While a judge ordered Ripple to pay a $125 million fine, lower than the SEC's request, the SEC has appealed and Ripple has filed a cross-appeal. Some members of the crypto community believe a pro-crypto government may lead to the termination of the SEC's appeal. XRP is currently testing a key symmetry triangle resistance and may rally by 10% if it breaks above. However, a decline could lead to a retest of lower support levels and a potential 5% decline to $0.4860.
- Content Editor ( fxstreet.com )
- 2024-11-05
XRP eyes 10% rally amid relisting across crypto exchanges and growing institutional demand