Cryptographer and legal expert Bill Morgan It humorously predicts the XRP price will fall below $3. He ironically implied a series of bullish developments as contributing to price crashes.
XRP prices crash under $3 amid bullish development
in xPostMorgan predicted that the XRP price would fall by $3. He joked about how Altcoin continues to fall despite bullish developments. This came because it highlighted Ripple and Franklin Templeton’s partnership with DBS and Franklin Templeton to provide trading and lending solutions powered by tokenized money market funds. XRP ledger With stablecoins such as RLUSD.
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Before his prediction, legal experts emphasized how XRP prices fell despite “all good news.” Rex-Soprey XRP ETF. The ETF has become the first US fund to provide investors with spot exposure to XRP. Morgan also hinted at the announcement of the CME group that plans to launch options on October 13th to date on XRP futures.
meanwhile, The Federal Reserve has lowered interest rates This year, the first development was expected to be bullish at XRP prices. However, despite these developments, Crypto Pundit noted that XRP prices are still falling. He said it felt like a “deja vu,” referring to the period from 2018 to October 2024.
On the other hand, with another person xPostCrypto Pundit joked that he was afraid to post better news about the fear that XRP prices could continue to fall. This is only a month for Coinbase. Solana and XRP Permanent Style Futures are exponentially scaled. Crypto Exchange announced that these futures have generated an expected volume of over $1.9 billion and that more than 1.6 million contracts are being traded.
“There’s no mystery” as to why XRP is down
Bill Morgan finally admitted There’s no mystery why XRP actually has a price, it’s Bitcoin Price Not all the “good news” he hinted at before. He further stated that this overwhelming reality is the most important factor in XRP price movement, and that this is highly correlated with BTC price dynamics. Legal experts added that this is consistent with Ripple’s expert evidence in the SEC vs. Ripple lawsuit.
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Crypto-analyst Cacitrades also pointed out. The price of XRP is hit along with Bitcoin and the door is open for a deeper fix as Altcoin couldn’t create a new local high. She said Altcoin could drop from $2.92 to $2.94 as it matches both with the .618 retracement. Measured C-wave expansion.
At the time of writing, XRP prices have been trading for around $3 over the past 24 hours. data From CoinMarketCap.
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