Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin bulls are confronted with Make-Or-Break-moment at $ 106,500 Resistance details

2025-05-18

Next Generation AI backbone: Oraichain, Pinlink and RSS3’s Synergetic Roles

2025-05-18

Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18

    B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Is Ripple’s XRP Preparing For A Heavy Selloff? Here’s What To Expect From XRP Price Next
Altcoins

Is Ripple’s XRP Preparing For A Heavy Selloff? Here’s What To Expect From XRP Price Next

2023-08-10No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Amid the extremely volatile session in the crypto market, Ripple’s XRP has recently taken the spotlight with the latest developments. The ongoing legal tussle between Ripple Labs and the US Securities and Exchange Commission (SEC) has taken a significant turn today as the SEC moves to appeal the judge’s decision. As a result, the XRP price witnessed a sharp drop today, sparking fears of a significant selloff. But could this just be an opportunity for buyers?

XRP’s Institutional Interest Continues To Rise Despite SEC’s Appeal  

The U.S. Securities and Exchange Commission (SEC) recently submitted an interlocutory brief indicating its desire to challenge the decision that XRP is not a security.

In documentation presented to Judge Analisa Torres, the SEC voiced its intent to appeal a segment of her verdict concerning Ripple’s sales of XRP tokens.

On July 14, Judge Torres determined that XRP purchases by general consumers on trading platforms weren’t securities due to their adherence to a blind bid procedure. Yet, she concluded that direct sales of XRP to institutional entities rendered those specific tokens as securities.

However, despite this, data sourced from Fineqia International, a leading figure in the crypto investment sector, shows that XRP-linked ETPs have experienced surges of up to 57% within the year. Based on Fineqia’s figures, the assets related to XRP under their management are presently worth over $76 million, up from $49 million, highlighting a surging institutional curiosity in the token.

Despite the current bullish vibe around XRP’s performance, a cloud of unease hangs among several market analysts. Some are genuinely concerned about the potential implications of a successful appeal by the SEC. If the regulatory body does manage to overturn the favorable ruling, it could wipe out the progress XRP has made over the past month. 

Such a setback might not just halt the upward trajectory but could trigger a considerable plunge in its market price. 

XRP Attempts To Intensify Selling Pressure 

After enjoying a recovery rally near the EMA100 trend line, bears changed the trend today by bringing selling pressure following SEC’s appeal. XRP price witnessed a spike in long liquidation and dropped below the 23.6% Fib channel quickly. 

However, buyers are maintaining their positions by defending an immediate decline below the support of $0.61. As of writing, XRP price trades at $0.631, declining over 1.8% in the last 24 hours. 

If the price dips from its current position, it would indicate a shift towards a negative sentiment, with traders likely offloading during minor corrections. This could increase the likelihood of the price dropping below the $0.59 mark, consolidating the altcoin near the breakout zone of $0.53-$0.56. 

Conversely, if the price pushes past the 100-day EMA, it might signal the bulls are making a resurgence. In such a scenario, the XRP price could climb to $0.728, a level that might be challenging to surpass.



Source link

See also  Cardano Rises 27% in 24 Hours: Will ADA Price Predictions Come True?
Expect heavy Heres Preparing Price Ripples selloff XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Next Generation AI backbone: Oraichain, Pinlink and RSS3’s Synergetic Roles

2025-05-18

Bitcoin -price could prepare for a new wave of volatility – this is why

2025-05-18

Scalable L1 Power Meme -Munten

2025-05-18

Cardano traders, is it time to rotate in the $ 0.78 dipzone from Ada? – Judgement …

2025-05-18
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Filecoin looks at $6.77 as FIL breaks the major resistance level: what lies ahead?

2024-11-25

Bitcoin Is About to Witness Bear Capitulation as BTC ETF Decision Looms in the Spot Market: Top Analyst

2023-12-03

Cardano (Ada) eyes Resistance Break – Failure can cause new losses

2025-04-08
Editors Picks

Bitcoin Price Blinks Downside: Will Bears Take Over?

2024-09-15

New Binance CEO Richard Teng Says Exchange’s Fundamentals Are ‘Very Strong’ – Here’s What He Means

2023-11-24

What Is Shibarium? Everything You Need to Know 

2023-08-26

Pokémon NFTs Arrived on Polygon (MATIC) Blockchain

2023-09-21
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin bulls are confronted with Make-Or-Break-moment at $ 106,500 Resistance details

Next Generation AI backbone: Oraichain, Pinlink and RSS3’s Synergetic Roles

Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,321.731.04%
  • ethereumEthereum(ETH)$2,473.45-0.25%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.382.02%
  • binancecoinBNB(BNB)$644.410.49%
  • solanaSolana(SOL)$170.352.46%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2284556.49%
  • cardanoCardano(ADA)$0.750.98%
  • tronTRON(TRX)$0.265711-2.17%
  • suiSui(SUI)$3.78-0.15%
  • chainlinkChainlink(LINK)$15.692.50%
  • avalanche-2Avalanche(AVAX)$22.671.15%
  • stellarStellar(XLM)$0.2878610.62%
  • hyperliquidHyperliquid(HYPE)$26.150.50%
  • shiba-inuShiba Inu(SHIB)$0.0000153.62%
  • hedera-hashgraphHedera(HBAR)$0.1931062.10%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-3.48%
  • bitcoin-cashBitcoin Cash(BCH)$398.171.91%
  • the-open-networkToncoin(TON)$3.132.12%
  • litecoinLitecoin(LTC)$99.031.84%
  • polkadotPolkadot(DOT)$4.691.15%
  • moneroMonero(XMR)$339.771.93%
  • bitget-tokenBitget Token(BGB)$5.174.57%
  • pepePepe(PEPE)$0.00001310.10%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.737.06%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$6.004.27%
  • bittensorBittensor(TAO)$418.67-0.75%
  • aaveAave(AAVE)$232.124.37%
  • nearNEAR Protocol(NEAR)$2.772.53%
  • aptosAptos(APT)$5.110.25%
  • okbOKB(OKB)$53.180.14%
  • ondo-financeOndo(ONDO)$0.942.23%
  • kaspaKaspa(KAS)$0.1120590.13%
  • internet-computerInternet Computer(ICP)$5.241.98%
  • ethereum-classicEthereum Classic(ETC)$18.400.85%
  • gatechain-tokenGateToken(GT)$21.610.27%
  • crypto-com-chainCronos(CRO)$0.0982850.93%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.000.88%
  • mantleMantle(MNT)$0.731.12%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2352311.48%
  • vechainVeChain(VET)$0.0281781.88%
  • render-tokenRender(RENDER)$4.591.41%
  • ethenaEthena(ENA)$0.3823527.39%
  • usd1World Liberty Financial USD(USD1)$1.000.07%
  • filecoinFilecoin(FIL)$2.852.58%
  • algorandAlgorand(ALGO)$0.2205822.85%
  • cosmosCosmos(ATOM)$4.852.29%
  • bitcoinBitcoin(BTC)$104,321.731.04%
  • ethereumEthereum(ETH)$2,473.45-0.25%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.382.02%
  • binancecoinBNB(BNB)$644.410.49%
  • solanaSolana(SOL)$170.352.46%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2284556.49%
  • cardanoCardano(ADA)$0.750.98%
  • tronTRON(TRX)$0.265711-2.17%
  • suiSui(SUI)$3.78-0.15%
  • chainlinkChainlink(LINK)$15.692.50%
  • avalanche-2Avalanche(AVAX)$22.671.15%
  • stellarStellar(XLM)$0.2878610.62%
  • hyperliquidHyperliquid(HYPE)$26.150.50%
  • shiba-inuShiba Inu(SHIB)$0.0000153.62%
  • hedera-hashgraphHedera(HBAR)$0.1931062.10%
  • unus-sed-leoUNUS SED LEO(LEO)$8.70-3.48%
  • bitcoin-cashBitcoin Cash(BCH)$398.171.91%
  • the-open-networkToncoin(TON)$3.132.12%
  • litecoinLitecoin(LTC)$99.031.84%
  • polkadotPolkadot(DOT)$4.691.15%
  • moneroMonero(XMR)$339.771.93%
  • bitget-tokenBitget Token(BGB)$5.174.57%
  • pepePepe(PEPE)$0.00001310.10%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.737.06%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$6.004.27%
  • bittensorBittensor(TAO)$418.67-0.75%
  • aaveAave(AAVE)$232.124.37%
  • nearNEAR Protocol(NEAR)$2.772.53%
  • aptosAptos(APT)$5.110.25%
  • okbOKB(OKB)$53.180.14%
  • ondo-financeOndo(ONDO)$0.942.23%
  • kaspaKaspa(KAS)$0.1120590.13%
  • internet-computerInternet Computer(ICP)$5.241.98%
  • ethereum-classicEthereum Classic(ETC)$18.400.85%
  • gatechain-tokenGateToken(GT)$21.610.27%
  • crypto-com-chainCronos(CRO)$0.0982850.93%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.000.88%
  • mantleMantle(MNT)$0.731.12%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2352311.48%
  • vechainVeChain(VET)$0.0281781.88%
  • render-tokenRender(RENDER)$4.591.41%
  • ethenaEthena(ENA)$0.3823527.39%
  • usd1World Liberty Financial USD(USD1)$1.000.07%
  • filecoinFilecoin(FIL)$2.852.58%
  • algorandAlgorand(ALGO)$0.2205822.85%
  • cosmosCosmos(ATOM)$4.852.29%