Krypto Pundit and legal expert Bill Morgan He humorously predicted that the XRP price would drop below USD 3. Ironically, he referred to a series of stubborn events, which would contribute to a price disaster.
The price of XRP for a failure below USD 3 among stubborn events
IN X PostMorgan predicted that the price of XRP would fall $ 3 when he joked about how Altcoin drops despite the stubborn events. This happened when he emphasized the ripple partnership with DBS and Franklin Templeton to ensure a commercial and loan solution, powered by toxicated money market funds Book of XRP and in Stablecoin, such as RLUSD.
Before his forecast, the legal expert also emphasized how the price of XRP was reduced despite the “all good messages” that included launch Rex-Obchrys XRP ETF. ETF has become the first American fund that offers investors exposure to XRP. Morgan also referred to the CME Group announcement about plans to introduce options on Futures on XRP on October 13.
Meanwhile The federal reserve has reduced interest rates For the first time this year, development, which was to be stubborn at the price of XRP. However, despite these events, the cryptographic expert noticed that the price of XRP has been falling. He stated that this seemed “déjà vu”, indicating the period from 2018 to October 2024.
Meanwhile in another X PostKryptographic Pundit joked that he was afraid to post more good news because the price of XRP could decrease. It was in relation to the Coinbase announcement that in just one month Solana and XRP Perpetual Style Futures scaled the exponentially. The cryptographic exchange announced that these Futures generated over $ 1.9 billion in the notebook, and over 1.6 million contracts were rotated.
“No secret” in which XRP is down
Bill Morgan finally admitted that there is no secret why the price of XRP is really, noticing that it is because of Bitcoins price Instead of all the “good news” he mentioned earlier. In addition, he noticed that this overwhelming reality and the most vital factor in the XRP price movement, which is heavily correlated with the dynamics of BTC prices. The legal expert added that this is in line with the evidence of Ripple experts in the SEC vs. Ripple.
Cryptographic analyst Casiidades was also noticed That the price of XRP takes place with Bitcoin, and because Altcoin did not reach a novel local height, the door is open to a deeper correction. She stated that Altcoin may drop to 2.92 to USD 2.94, because it is in line with the result. 618 Measured extension of Wave C..
According to writing, the price of XRP is about USD 3, in the last 24 hours, according to data with coinmarketcap.
A distinguished picture from Adobe, chart from TradingView.com
