Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/key-developments-in-ripple-and-xrp-coin-price-trends/" data-wpel-link="internal">Key Developments in Ripple and XRP Coin Price Trends</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/yatirimcilar-saskin-unlu-analist-bitcoinlerini-btc-sattigini-acikladi" data-wpel-link="internal">Bitcoin</a> price</strong> continues to linger around the $66,000 region, with no significant movement in altcoins. The ETF withdrawals, which resumed on April 12, have paused for two trading days, supporting optimism for the coming days. <strong><a href="https://en.coin-turk.com/ripples-ongoing-legal-battle-with-the-sec/" data-wpel-link="internal">XRP</a> Coin</strong> has some significant developments; how will they affect its price? What are the current predictions?</p> 
<h2 style="text-align: justify" id="ripple-xrp">Ripple (XRP)</h2> 
<p style="text-align: justify">On Monday, we saw <a href="https://en.coin-turk.com/what-to-expect-for-ripple-after-the-recent-rise-in-bitcoin/" data-wpel-link="internal">Ripple</a>‘s lawyers respond to the latest <a href="https://en.coin-turk.com/crypto-currencies-what-to-expect-in-october/" data-wpel-link="internal">SEC</a> demand. We have been discussing how this development could increase volatility, and this was the reason for yesterday’s rise. On April 22, Ripple opposed the SEC’s $2 billion claim, presenting a summary of opposition that accepted a $10 million fine. This move could also prevent massive token sales necessary for paying billion-dollar compensations if accepted.</p> 
<p style="text-align: justify">While Ripple’s lawyers counter the SEC’s hefty compensation claim, they seek consideration of the income taxes paid against corporate sales revenues and the losses incurred. The SEC previously demanded a much smaller penalty in a similar case (LBRY), which was significantly reduced due to the company’s inability to pay.</p> 
<blockquote> 
 <p style="text-align: justify">“Corporate sales were made to 41 ‘sophisticated individuals and organizations’ over eight years. These entities were fully informed about the transactions they entered into and chose to do so in their financial interest. There is no claim that <strong>Ripple</strong> deceived or misled them.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="xrp-coin-price">XRP Coin Price</h2> 
<p style="text-align: justify">While the general market has seen a significant rise this year, the <strong>XRP Coin price</strong> has fallen by 14% despite <a href="https://coin-turk.com/bitcoin-fiyat-tahmini-2040-18-yillik-kripto-para-hedefi" data-wpel-link="internal">BTC</a> rising by 57%. Consequently, some investors might see XRP’s low prices as an attractive investment opportunity.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-343658 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/xrp-coin-yatirimcilari.png" alt="" width="1200" height="743"></p> 
<p style="text-align: justify">Even if it’s not clearly reflected in the price, we see this in investor trends. Addresses holding between 1 million and 100,000 XRP significantly increased in April. On the other hand, the appetite of smaller investors holding between 10,000 and 1,000 XRP also seems to be growing.</p> 
<p style="text-align: justify">On the price front, closings above $0.526 could solidify the $0.55 and $0.596 levels as support, targeting $0.64 and $0.74 subsequently.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/key-developments-in-ripple-and-xrp-coin-price-trends/" data-wpel-link="internal">Key Developments in Ripple and XRP Coin Price Trends</a></h5>

Key Developments in Ripple and XRP Coin Price Trends

Tabla de contenidos

COINTURK NEWS

Otros artículos publicados el 23 abr 2024

Dookey Dash will be Free to Play this Q1 of 2024

BREAKING: Tesla Released Its Quarterly Earnings Report – Did the Company Sell Bitcoin – Here is t...

Velvet Capital Went Offline To Stop Phishing Attack

Is Bitcoin Price Going to Drop More After Monday?

Top Crypto To Buy: 5 Best Cryptos Projected for Up To 1000% Rally in May 2024

Top 7 Cryptocurrency Predictions for 2024: BDAG’s Superiority Over AVAX, DOGE, ADA, & SOL

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!