XRP Price Prediction – XRP Crashes 12%, Have Prices Bottomed Yet?

The XRP price has crashed by 18% in the past 24 hours, as news surrounding FTX's possible collapse drags down the wider cryptocurrency market. At $0.360066, the altcoin has fallen by 22% in a week and 32% in a month, having also been hurt LBRY's loss in its case against the SEC.

Timeline of Xrp

Cryptocurrency investment products offering investors exposure to $XRP have recently seen significant inflows, at a time in which the U.S. Securities and Exchange Commission's (SEC) case against Ripple and two of its executives is being seen as “increasingly fragile” by investors.

Ripple Singapore has rejected crypto influencer BitBoy's application to be the Director of Strategy and Operations. The post Ripple Won't Hire BitBoy as Network Activity Points to Possible Ripple Win in XRP Lawsuit appeared first on BeInCrypto.

Ripple price analysis reveals that XRP/USD is currently in a bearish trend after a brief period of price consolidation. The crypto asset has lost over 11.05% in the last 24 hours and is currently trading at $0.4121.

Ripple [XRP] investors were pumped about $1.1 million worth of investments into the payment network, according to the latest report by CoinShares. James Butterfill, who headed the weekly asset fund flow review, noted that this was the third week running that such an event had taken place.

XRP price is wallowing in a bearish cloud that is following the cryptocurrency market – especially among the top 100 assets. The international money transfer token is trending 5.7% lower as bulls rush to defend support, highlighted at $0.4280 on its daily time frame chart.

Ripple prices have been adversely impacted by the current market conditions, which have turned largely bearish in the past couple of days. Ever since the Binance & FTX brawl began, the markets have remained highly consolidated, enabling the bears to take over the rally.

Ripple (XRP), which has broken below the moving average lines, is in a downtrend. The altcoin has retreated after falling to a low of $0.42. XRP has reached the oversold zone as a result of the recent decline.

The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer's opinion XRP forms yet another range after breaking above the previous one in September Will the range highs see a breakout or a rejection for XRP? XRP saw positive sentiment in the market in September,

XRP price prediction remains neutral as Ripple trades within a symmetrical triangle pattern, with support at $0.4425 and resistance at $0.4845. The Securities and Exchange Commission (SEC) of the United States has requested that the deadline for filing all brief answers in support of Ripple Labs be extended until November 30, 2022. Furthermore, the SEC has requested that any additional Amicus Briefs be submitted by November 11.

A leading digital assets manager is reporting that institutional investors have been buying up XRP for the last three consecutive weeks. In its latest Digital Asset Fund Flows Weekly report, CoinShares says XRP's boost in institutional flows suggests that investors think the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple Labs is looking weaker.