Its performance has been poor throughout the year. Ripple There has been significant whale activity that will likely drive XRP up to $0.60 by October. In fact, the asset was consolidating in August and September. Things could still change dramatically next month.
Markets anticipate a change in sentiment. Bitcoin It has always been a dominant month in October. Often dubbed ‘Uptober,’ it could be set to push a host of cryptocurrencies back to the level it enjoyed earlier this year. Ripple is one such cryptocurrency that could thrive in tandem with an impending bull market.
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What if XRP was $0.60 per pound? Ripple’s 2024 could be saved by October
Ripple had the most potential in 2024. Ripple was ready to end its long-running lawsuit against the US Securities and Exchange Commission. The entire asset class would also gain in popularity. XRP, despite both happenings, has yet to experience the growth that so many hoped for.
The token’s value has dropped by over 2.5% during the last thirty days. CoinMarketCap. It is a sign of the constant consolidation. The crypto fell almost 2% on Friday to $0.57. Many traders were still optimistic that the crypto would turn around.
Crypto Analyst Ali Martinez X, formerly Twitter, reported Ripple’s purchase of $228,000,000 worth of assets by whales. This could prove beneficial for XRP as early October approaches. Martinez stated that whales bought 380 Million XRP just in the past 10 days.
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This could drive XRP to $0.60. Then, you can use the XRP to buy a lot of other cryptocurrencies. GraysPositive sentiment surrounds the asset as XRP announces a trust. If the market supports a turnaround, then the asset is likely to be favored. next Over the next few weeks, XRP is likely to gain a lot of value.
All of this is made worse by the Federal Reserve’s decision to reduce interest rates for only the fourth time since 2004. It is clear that the move could lead to cryptos’ continued rise in what may be an energised market.
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Source: watcher.guru