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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/belgian-bank-may-issue-its-own-cryptocurrency/" data-wpel-link="internal">Belgian Bank May Issue Its Own Cryptocurrency</a><br></p>
<p><a href="https://coin-turk.com/belcikanin-en-buyuk-bankalarindan-birisi-kendi-kripto-parasini-cikartabilir" data-wpel-link="internal">Cryptocurrency</a> <a href="https://en.coin-turk.com/cryptocurrency-market-revives-spotlight-on-xrp-coins-future/" data-wpel-link="internal">XRP</a> remains unsettled amidst a potentially game-changing legal case. Earlier today, its price fell below a critical threshold, a move underscored by XRP’s renowned lawyer.</p> 
<h2 id="xrp-lawyer-s-commentary">XRP Lawyer’s Commentary</h2> 
<p style="text-align: justify"><a href="https://coin-turk.com/unlu-analist-8-populer-kripto-para-birimi-icin-zirve-fiyat-tahminlerini-acikladi" data-wpel-link="internal">Ripple</a> Labs’ native cryptocurrency XRP experienced a series of events that created uncertainty among crypto market traders and investors, with the price briefly falling below the crucial $0.53 support level on February 26.</p> 
<p style="text-align: justify">Lawyer Bill Morgan, known for his close ties to XRP, recently shared a post about the token, drawing attention to its drop below the previously mentioned support level with a concerned “Ah.”</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-319731" src="https://coin-turk.com/wp-content/uploads/2024/02/ouch-xrp-site-coin-turk-com.jpg" alt="" width="498" height="671"></p> 
<p style="text-align: justify">Moreover, in a previous post, Morgan highlighted the bearish outlook for the token, which paralleled the recent downward trend.</p> 
<p style="text-align: justify">Data provided by <strong>CoinMarketCap</strong> showed that the token traded positively earlier in the day but later exhibited a sharp price movement, falling below the important support level mentioned above.</p> 
<h2 style="text-align: justify" id="xrp-supply-increases-price-drops">XRP Supply Increases, Price Drops</h2> 
<p style="text-align: justify">On another note, the unlocking of 400 million XRP from <a href="https://en.coin-turk.com/ripple-xrp-lawsuit-and-price-latest-updates-and-future-predictions/" data-wpel-link="internal">Ripple</a>‘s escrow wallets led to a significant increase in the supply of XRP.</p> 
<p style="text-align: justify">Additionally, large transfers of XRP to CEXs by a whale investor made the increased supply more apparent. It is believed that the influx of a large supply into the market could have had a negative impact on the price.</p> 
<p style="text-align: justify">Morgan also recently commented on a prediction by Ali Martinez that XRP could potentially rise to $0.63, drawing attention among crypto market traders and investors.</p> 
<blockquote> 
 <p style="text-align: justify">Currently, the so-called key support at $0.54 is not holding, and it’s moving lower</p> 
</blockquote> 
<p style="text-align: justify">In another article, Morgan emphasized that Flare surpassed Aave and ALGO in terms of global market value.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-319732" src="https://coin-turk.com/wp-content/uploads/2024/02/algo-coin-turk-com.jpg" alt="" width="494" height="661"></p> 
<h2 style="text-align: justify" id="xrp-price-declines">XRP Price Declines</h2> 
<p style="text-align: justify">According to data from 21milyon.com, XRP’s price saw a 1% decrease in the last 24 hours and was finding buyers at the $0.54 level at the time of writing. The market value of the token also experienced a 1% decrease during this period, reaching $29.5 billion.</p> 
<p style="text-align: justify">Furthermore, derivative data for the token indicated a 6.03% increase in XRP’s open interest, reaching $716.95 million. Despite the influx of new XRPs into the market, investors’ confidence in the altcoin seems to suggest they are buying the dip. XRP’s 24-hour trading volume also saw a 35% increase, surpassing $930 million and approaching the $1 billion threshold.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/belgian-bank-may-issue-its-own-cryptocurrency/" data-wpel-link="internal">Belgian Bank May Issue Its Own Cryptocurrency</a></h5>

Belgian Bank May Issue Its Own Cryptocurrency

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