XRP's value has dropped by 17% over the past week, fueled by the broader market downturn and further impacted by the US SEC's decision to file an appeal against Ripple.

XRP, the cryptocurrency associated with Ripple, is making headlines as market analyst Egrag recently claimed that price targets ranging from $27 to $44 are conservative estimates based on Fibonacci analysis. This bold assertion has interest among investors and crypto enthusiasts, particularly in light of XRP's recent performance and market volatility.

A new week has started positively for most of the coins, according to CoinMarketCap.

Recently, a significant trend has emerged: 76.54% of traders on Binance are opting for long positions on the XRP/USDT trading pair, while only 23.46% are choosing to go short. This overwhelming preference for long positions indicates a strong wave of optimism surrounding XRP's price movement.

XRP, a leading cryptocurrency, has often been the subject of ambitious price predictions. Some analysts now speculate that XRP could climb to a value of $1,000 or more if the XRP Ledger (XRPL) captures a share of the massive global derivatives market.

The general sentiment behind the XRP price has been divided between market participants in recent months. Recent market dynamics have seen many investors adopting a negative outlook for the cryptocurrency's price, especially considering its failure to break into new heights above $0.6.

A new weekly report has come out from CoinShares on the movement of funds in the crypto-focused exchange traded products (ETPs) market. One of the main highlights of the latest research was the performance of Cardano ETPs, as investors using these financial vehicles for crypto investments poured 300% more money into them over the past seven days than the week before.

XRP price has faced downward pressure recently, particularly following the U.S. Securities and Exchange Commission's (SEC) Notice to Appeal Judge Analisa Torres's ruling from August 7. Despite this turbulence, analysts are optimistic, predicting a potential rally for XRP during the upcoming bull run.

The XRP price has risen by 0.5% in the past 24 hours, reaching $0.5317 as the crypto market tries to shake off some of last week's declines.

Technical analysts know that a death cross involving the 50-day and 200-day exponential moving averages (EMAs) is a bearish signal, and that is what XRP is facing. This predicament developed after XRP was unable to profit from a bullish breakout from the symmetrical triangle, a move that would have raised the price of the cryptocurrency.

With about 16% of its value lost in October 2024 alone, XRP, the native coin of Ripple, has been under heavy assault this month. The US Securities and Exchange Commission's (SEC) fresh appeal in its continuous action against Ripple is driving the price drop.

The U.S. SEC filed an appeal with the U.S. District Court for the Southern District of NY to challenge the final judgment against Ripple Labs.

Ripple's XRP suffered last week, following the appeal of the SEC. But what is its outlook for this week?

XRP price consolidates above $0.5080, showing potential for recovery if it can break key resistance at $0.5450, but faces the risk of further decline if support levels fail to hold.

The recent crash on October 2 has left the XRP market in turmoil, with prices dipping below $0.5. Following the SEC's latest appeal in the Ripple case, investors are on high alert. Pro-Crypto lawyer Bill Morgan suggests this drop might be the new bottom for XRP, especially after it quickly recovers above $0.54.

The weekend appeared to be quiet bullish, as the majority of tokens had triggered a recovery before the start. The XRP price also triggered a strong rebound from the bottom close to $0.5, but the bulls do not appear to be quite strong enough to push the prices beyond the range.

The ongoing legal battle between Ripple and the SEC has created a mixed sentiment for XRP, and many investors are left wondering what it means for the future of this cryptocurrency. The SEC's appeal in Ripple's case could serve as a double-edged sword, potentially providing institutions with an opportunity to buy XRP at lower prices.

Coinbase is urging the court to grant an interlocutory appeal in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), following a similar appeal recently filed by the agency in its case against Ripple, according to a report by Zack Abrams for The Block.

XRP, the digital asset associated with Ripple Labs, has experienced a sharp decline of nearly 15% so far in October 2024. This downturn is largely attributed to the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), which recently filed an appeal in the Ripple lawsuit.

Altcoins consolidate ahead of key U.S. economic data, with BNB eyeing $600, Cardano facing bearish risks, and XRP targeting a 20% rally amidst rate-cut anticipation.

The SEC's appeal against Judge Torres's decision has been registered with the U.S. Court of Appeals. This appeal challenges aspects of the July 2023 ruling favoring Ripple, which clarified XRP's classification outside securities regulations for programmatic sales. However, there is a lot of confusion currently with regards to this appeal.

Legal expert Fred Rispoli suggests Ripple's chances against the SEC's appeal largely depend on the panel of judges assigned to the case.

XRP price is consolidating above the $0.5080 support level. The price could gain pace if it clears the $0.5450 resistance zone in the near term.

Market braces for SEC vs. Ripple appeal timelines.

Coinbase wants court approval for an interlocutory appeal in its ongoing legal battle with the Securities and Exchange Commission (SEC).

With indications of a potential recovery on its price chart, Shiba Inu is subtly setting itself up for a breakout. Now that SHIB is above its 200-day exponential moving average, which is frequently a crucial indicator for a change in market sentiment, it has emerged from a difficult period of consolidation and declining pressure.

In today's edition of the weekly recap: the U.S.

XRP has become a focal point for traders and investors. Recently, prominent crypto analyst EGRAG shared a compelling outlook for XRP, suggesting that even in a worst-case scenario, the altcoin could reach price targets between $5 and $6.

BeInCrypto comprehensive Latam Crypto Roundup brings Latin America's most important news and trends. With reporters in Brazil, Mexico, Argentina, and more, we cover the latest updates and insights from the region's crypto scene.

Prominent Bitcoin advocate and financial commentator Max Keiser recently declared that the prospects of a rally for XRP, the digital currency linked to Ripple, are virtually nonexistent. This bold assertion adds to the ongoing debate surrounding the viability of various cryptocurrencies, particularly those outside of Bitcoin.

XRP, the cryptocurrency associated with Ripple, has seen its price plummet by approximately 15% in just three days, now trading at about $0.534. This decline is primarily attributed to the renewed appeal by the United States Securities and Exchange Commission (SEC) in its ongoing legal battle with Ripple.

76.54% of Binance traders go long on the XRPUSDT pair, while 23.46% go for short positions.

A crypto legal expert says the U.S. Securities and Exchange Commission's (SEC) decision to appeal a ruling in the Ripple Labs lawsuit is a huge mistake. The SEC first sued Ripple Labs in December 2020, alleging that the firm was selling the crypto asset XRP as an unregistered security.

XRP has recently caught the attention of market analysts, particularly due to its intriguing price patterns reminiscent of its spectacular rise in 2017. Notable market analyst Lud has shared a fractal-based analysis that suggests XRP may follow a similar trajectory in 2024, potentially pushing its price above $16.

On October 2, the U.S. Securities and Exchange Commission (SEC) filed a notice of appeal in the Ripple lawsuit, aiming to challenge a decision made by Judge Analisa Torres. This appeal focuses on the 2023 ruling that determined secondary transactions of Ripple's XRP did not qualify as securities sales.

Despite registering sizable gains over the weekend, XRP was off to a relatively slow start this week. Notably, the seventh-largest crypto asset saw its value surge as high as $0.66 last week.

XRP has been volatile; it is presently trading at $0.53 and is trying to sustain momentum above $0.5, which puts it up against both resistance and support levels. Due to the fact that XRP is hovering around these critical technical zones, traders are keeping a close watch on three key price levels that could dictate the company's next move.

Cryptocurrency Market Overview: This week's increased volatility in the cryptocurrency market was caused by geopolitical concerns like the Israel-Iran dispute. With a Fear & Greed Index of 41, market sentiment declined while the global market cap grew somewhat by 0.34% to $2.16 trillion.

XRP has faced significant volatility in recent weeks, recently experiencing a sharp drop of 23.7% due to a combination of geopolitical tensions and Ripple's ongoing legal issues with the SEC. After hitting a low of $0.506, XRP is attempting to stage a recovery, but key support at the $0.50 level is proving crucial.

Coinbase, the leading U.S. exchange, wants to use the Securities and Exchange Commission's appeal in the Ripple case to its advantage.

The SEC's actions highlight regulatory uncertainty in crypto, potentially influencing future legal frameworks and market stability. The post SEC's appeal in Ripple case strengthens Coinbase's argument, says legal expert appeared first on Crypto Briefing.

In the ongoing legal dispute with the SEC, Coinbase has requested the presiding judge to allow an interlocutory appeal, which is an appeal made before the final resolution of a case.

The wake of the SEC's decision to appeal a court ruling regarding XRP, the cryptocurrency community is rife with concern about potential negative impacts on the asset's price. However, experienced market analyst Bobby A has taken to X (formerly Twitter) to offer an alternative perspective, suggesting that the current scenario may present a significant opportunity for investors.

XRP declines as SEC's appeal strategy stirs market uncertainty, with key rulings looming over Ripple.

The SEC recently filed an appeal in the ongoing SEC vs. Ripple case, challenging Judge Torres' ruling. Many analysts have already discussed reasons why this appeal likely won't succeed, given the low odds of overturning the original decision.

The crypto universe has closed another week with remarkable events unfolding across the wider sector. The Israel-Iran conflict brought significant turbulence to the broader market, whereas the recent U.S. jobs data sparked further investor speculation.

The U.S. Securities and Exchange Commission (SEC) is appealing a recent court ruling that largely favored Ripple Labs. This legal battle, which has captivated the cryptocurrency community, has major implications for Ripple, XRP, and the broader regulatory landscape for digital assets in the United States.