October 2024 is expected to be a critical month for XRP as several key events are predicted to occur that will influence its price and usage. In an X post on Wednesday, analyst JackTheRippler outlined several expectations, including the possibility of obtaining more apparent legal status and new price levels for XRP. He also pointed out that XRP could be used more extensively across different financial structures.SEC Decision LoomsAnother reason the XRP community is hopeful is the belief that the <a href="https://cryptotale.org/sec-requests-4-month-discovery-extension-in-coinbase-case/" rel="noopener noreferrer nofollow">SEC</a> may not decide to appeal the case against Ripple. A legal war over whether XRP is a security has been a significant concern for the cryptocurrency. This has affected its uptake and how the market receives it. If the SEC does not appeal, then this might put a stop to the legal limbo for XRP in the US.JackTheRippler also pointed to the possibility of <a href="https://cryptotale.org/xrp-price-signals-bullish-move-with-key-backtests-complete/" rel="noopener noreferrer nofollow">XRP</a> hitting a new all-time high in October 2024. XRP has seen previous record prices during a time when it wasn’t tangled in legal issues, though a favorable outcome of the SEC case could open the door to a significant price increase.US Adoption ExpandsAnother significant change expected soon is the widespread use of XRP in the United States. With the regulations on the roll, US-based financial institutions, such as banks and payment providers, may begin to include XRP in their systems.<a href="https://cryptotale.org/xrp-poised-for-breakout-in-october-with-key-events-ahead/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

XRP Poised for Breakout in October with Key Events Ahead

CryptoTale

Other articles published on Sep 26, 2024

Circle Expands USDC Access in Brazil and Mexico via PIX and SPEI Real-Time Payment Systems

Altcoin Closely Followed by Turkish Investors Announces $40 Million Grant!

Treasure DAO Announces New Testnet 'Topaz' in Migration to ZKsync

Whale Goes on a Selling Spree as NEIRO Reverses Post-Listing Move, Buys This Token Below $0.08 in...

Justin Sun Moves Millions in TUSD, Sparking Sell-Off Speculation

TON Foundation Partners with Curve Finance to Launch Stablecoin Swap Project

Join our free newsletter for daily crypto updates!