XRP Price Prediction – XRP Drops 20%, Can it Fall to $0.10?

The XRP price has fallen by 2% in the past day and by 20% in the past week, as the fallout from FTX's apparent insolvency continues to wreak havoc on the cryptocurrency market. The altcoin is also down by 27% in the past month, with the downturn of the past few days all-but erasing gains it had posted following positive news coming out of Ripple's case against the SEC.

Timeline of Xrp

The US court is yet to decide the fate of long running Ripple Vs SEC lawsuit. However, the summary judgment of the crucial XRP lawsuit is witnessing a good number of individuals and firms asking to file Amicus Briefs.

The U.S. Securities and Exchange Commission (SEC) and Justice Department (DOJ) are investigating crypto exchange FTX. Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, and Circle CEO Jeremy Allaire call for a clear regulatory framework in response to Senator Elizabeth Warren's tweet on the need for aggressive enforcement in response to the crypto industry.

Leading fintech firm Ripple is set to bring real estate transactions to the native network of the $XRP token, the XRP Ledger, through a new partnership with blockchain-powered real estate marketplace ProprHome.

Ripple, in collaboration with ProprHome, plans to create a revolutionary path in Portugal's real estate market.  ProprHome creates “Customer Education-ProprHome” in a bid to familiarize users with the platform.

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.

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.