What is the Price for Ripple (XRP)?
The SEC has initiated the appeal process, and Ripple is expected to submit their response to the Second Circuit within 14 days. A key aspect will be the SEC’s arguments challenging Judge Torres’ ruling. The Ripple side appears confident in the appeal process, and if the decision is returned to Torres by the Second Circuit, it has been hinted that Torres will conduct a thorough examination, putting the SEC’s partial victory at risk.
After the last drop to $0.512, XRP Coin has rebounded. Long wicks indicate that markets are expecting more in the short term. The upcoming U.S. elections and the Fed’s anticipated interest rate cuts in November support risk markets.
Key Price Levels for XRP
- Key level to regain: $0.580
- Once this parallel channel support is reclaimed, we can talk about a return to an upward trajectory.
What Will Be the Price for Solana (SOL)?
In the recent drop, we mentioned that those evaluating new low levels could regain profits. The expected has happened, as the $175 level was surpassed. SOL Coin is likely to see rapid vitality in its ecosystem with an improvement in overall market sentiment, showing a quick reaction to BTC recoveries. Network activity and community strength are significant advantages here.
Price Levels to Watch for SOL
- Maintain the $175 level to continue the rise.
- Need to see closes above $188.
- Beyond that, the $210 level will be targeted, leading to a journey towards new all-time highs.
- In a contrasting scenario, the $138-$120 range could become reality if BTC makes lower dips.
Avalanche (AVAX) Analysis
Concerns about centralization, allegations regarding Ava Labs from Crypto Leaks, and other issues are currently putting pressure on AVAX prices. Most decentralized networks are not as decentralized as they seem. For Avalanche, the issue is videos revealing these truths by former employees. It remains uncertain whether the SEC will get involved in this process.
AVAX is currently priced at $26.79 and has failed to close above $29 throughout October. If weakness persists, we could see closes below $24.34.
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