Maker

United

David

<ul> 
 <li><strong>If the XRP price manages to break above $0.51 then a further rally to $0.55 is expected.&nbsp;</strong></li> 
 <li><strong>Ripple is still planning to expand internationally despite the ongoing SEC pursuit.</strong></li> 
</ul> 
<p>Ripple’s relentless resistance against the United States <a href="https://thenewscrypto.com/u-s-sec-chair-criticizes-crypto-industry-during-senate-hearing/" target="_blank" rel="noopener noreferrer nofollow">SEC</a> continues to attract attention from the crypto community at large. The firm plans to keep moving forwards with key innovations and collaborations. Ripple is still planning to expand internationally despite the ongoing SEC pursuit and bearish market sentiments.</p> 
<p>According to David Schwartz, Ripple’s CTO, the arrival of an Automated Market Maker (AMM) has the potential to convert <a href="https://thenewscrypto.com/xrp-xrp-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">XRP’s</a> renowned price volatility into yield.&nbsp; The AMM, which is a part of the latest upgrade to XRPLedger, is meant to capitalize on price fluctuations and increase demand for the cryptocurrency, particularly if its value declines. The majority of the interest this will generate will come from current XRP holders, which should lead to a net rise in purchasing pressure.</p> 
<p>Ripple released XRPLedger 1.12.0 earlier this week. All server operators were urged to upgrade to the new version so that they may participate in voting on proposed changes. There are several advantages to using this protocol, including the elimination of front-running and the introduction of a fresh method of liquidity provisioning.</p> 
<h3 class="wp-block-heading" id="h-can-bulls-drive-price-further">Can Bulls Drive Price Further?</h3> 
<p>At the time of writing, the price of XRP is trading at $0.48, up 0.14% in the last 24 hours as per data from CMC. Moreover, the trading volume of XRP is down 22.49%. If the price manages to break above $0.51 then a further rally all the way till $0.55 is expected.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
  <img decoding="async" width="661" height="356" src="https://thenewscrypto.com/wp-content/uploads/2023/09/XRP_7D_graph_coinmarketcap-1.png" alt="" class="wp-image-82323" srcset="https://thenewscrypto.com/wp-content/uploads/2023/09/XRP_7D_graph_coinmarketcap-1.png 661w, https://thenewscrypto.com/wp-content/uploads/2023/09/XRP_7D_graph_coinmarketcap-1-300x162.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/09/XRP_7D_graph_coinmarketcap-1-150x81.png 150w" sizes="(max-width: 661px) 100vw, 661px"> 
  <figcaption class="wp-element-caption">
    Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a> 
  </figcaption> 
 </figure> 
</div> 
<p>On the other hand, if the bears dominate and the price goes below the $0.47 support level, then a strong downturn is highly anticipated all the way till $0.33, which acts as a strong support level. Any positive or negative development in the ongoing SEC lawsuit will largely impact the impending direction of the price.</p>

XRP Price Makes Brief Rebound After Prolong Bear Dominance

Table of Contents

TheNewsCrypto

Other articles published on Sep 14, 2023

Certik questions Telegram bot tokens amid TON-based wallet debut

Ripple’s Fight Against SEC Saved 60+ Altcoins From “Security” Label; Here’s How

VeChain Social Dominance Surges After Binance Listing

Shibarium Daily Transactions Jump to 200,000 in Surprising Growth

Understanding How the G20 Summit Affects India's Cryptocurrency Rules

Cryptocurrency Controversy: Greenidge’s Unchecked Emissions Ignite Community Outrage

Join our free newsletter for daily crypto updates!