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What to Expect from Ripple (XRP) in October 2024 Beincrypto 29 қыр 2024

What to Expect from Ripple (XRP) in October 2024 📈

Ripple (XRP) is ending September with a notable 6% increase, reaching $0.62. As October 2024 approaches, investors are closely watching technical indicators, whale movements, and market sentiment to gauge the token's performance. The price rise is partly attributed to Grayscale's launch of the XRP Trust.

There's speculation on an XRP ETF as the token's open interest nears $900 million, indicating increased speculative activity. Some analysts believe Ripple's RLUSD stablecoin and integration with DeFi will be the primary catalysts moving forward. Crypto whales have also shown renewed interest, buying 60 million tokens recently, which could drive prices higher.

Technically, the Ichimoku cloud indicator suggests strong price support at $0.59, hinting at a potential breakout above $0.63. If whale activity remains strong, XRP might reach $0.72 by October's end, although a decline in whale activity could push prices down to $0.57. Overall, increased volatility is expected, influenced by broader market conditions and regulatory developments.

Дереккөз: beincrypto.com ↗

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XRP may face volatility as market waits for ‘concrete results’ — Analyst
 XRP may face volatility as market waits for ‘concrete results’ — Analyst Cointelegraph 2 апта бұрын
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Could XRP See A 360% Surge By Christmas? Experts Think So
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Is XRP Poised for a Major Breakout? Experts Predict $1.33 Target!
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Crypto Analyst Predicts ‘Giga Pump’ For XRP Price, Here’s The Target
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XRP Set To Soar Nearly 900% To $31, Analyst Highlights Key Resistance
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XRP Price Ready For 4x Jump To $2.6 As Major Bullish Pattern Breaks Occurs
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Breakout Looms: XRP To Hit $7.5 After ‘Wake-Up Line,’ According To Analyst
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Crypto Analyst Maintains $7.50 XRP Target Despite SEC Appeal Against Ripple
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Crypto Analyst Sets 3 Major Targets For XRP Price, Going As High As 4,800% Return
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XRP price prediction: Is a rebound targeting 12% gains possible?
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