Ripple Has Dropped 23 Percent! Is XRP Rally Over or Correction?


What will happen in Ripple in the future?
As of yesterday, there has been a Ripple (XRP) wind in the crypto money industry. The news from the U.S. Securities and Exchange Commission (SEC) lawsuit made XRP soar hard, while the entire crypto market turned green.
Although the SEC-Ripple lawsuit is not over, the lawsuit judge ruled that XRPs sold to the public cannot be securities. With this development, XRP made the leap.
At the time of this news, XRP was trading at $ 0.47. XRP, which experienced a 100% increase in the following minutes, reached the levels of $ 0.94.
At the time of writing, the popular altcoin is trading at $ 0.77.
XRP, which experienced a sudden rejection from the levels of $ 0.9384, declined to the levels of $ 0.7224 with the effect of this rejection. In the following minutes, XRP managed to get a reaction at $ 0.72.
Although XRP's drop of 23 percent from its last peak is seen as some investors are saying that "the rally is over, it was very short", the recent pullback is estimated to be a correction.
In the future, if the popular altcoin stays above the 0.70 – 0.75 dollar range, it can lead to an increase up to 1 dollar levels.
#HotTopicDiscussion #ContentStar #NewYearCelebration #BountyCreator #GateioBountyCreator #Contentcreator #NewsMessenger #CryptoObservers
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
Banes92vip
· 2023-07-14 09:39
There will be growth - when they add it to the US exchanges - definitely
View OriginalReply0
SAVASvip
· 2023-07-14 09:28
I hope everyone wins. Thanks for the info.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)