XRP stabilizes around $3 ahead of SEC’s decision; Check forecast
Main Idea
XRP's price stabilizes around $3 as the market awaits the SEC's decision on Ripple's appeal withdrawal, which could significantly impact its future price movement.
Key Points
1. XRP is up 1% in the last 24 hours, trading around $3, with its next price movement likely influenced by the SEC's decision.
2. The SEC is set to deliberate Ripple's appeal withdrawal at 03:00 UTC, which could clarify XRP's non-security status under U.S. law.
3. A favorable SEC decision could push XRP towards $3.5, while a negative outcome might test its support level at $2.90.
4. Japan’s SBI Holdings has filed for a Bitcoin-XRP ETF and pledged up to $1 billion in XRP purchases, adding potential market momentum.
5. The broader cryptocurrency market is up 1% in the last 24 hours, with Bitcoin, Ether, and XRP all showing gains.
Description
The cryptocurrency market has regained some of the value it lost over the last few days. The total cryptocurrency market now stands at $3.76 trillion, up 1% in the last 24 hours. The positive performance comes as major cryptocurrencies, including Bitcoin, Ether, and XRP, all added 1% or more to their value. XRP has stabilized around the $3 region over the last 24 hours, and its next swing point could be determined by the U.S. SEC’s decision later today. The SEC’s decision on the Ripple case take...
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