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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-prices-rebound-as-altcoins-show-positive-trends/" data-wpel-link="internal">Bitcoin Prices Rebound As Altcoins Show Positive Trends</a> 
Bitcoin prices are recovering, and <a href="https://en.coin-turk.com/critical-week-in-cryptocurrency-market-overview/" data-wpel-link="internal">altcoins</a> are also turning green. The U.S. presidential election is approaching, with critical outcomes for cryptocurrencies expected soon. A significant portion of <a href="https://en.coin-turk.com/is-a-new-era-coming-for-sec-and-cryptocurrencies-us-elections-could-change-everything/" data-wpel-link="internal">crypto</a> traders has been supporting Trump due to ongoing statements over the past months, while there are also opposing views. 
<h2 style="text-align: justify" id="ripple-xrp-developments">Ripple (XRP) Developments</h2> 
FOX reporter Eleanor Terrett announced that Ripple founder Chris Larsen made the first official crypto donation to U.S. Democratic presidential candidate Kamala Harris. According to new FEC filings, Larsen donated XRP worth 1 million dollars. Unlike many crypto companies, Ripple openly supports Kamala Harris. 
Interestingly, during 2021, when Bitcoin’s environmental impact from mining was a hot topic, Ripple had taken an anti-Bitcoin stance. At the same time, before the Chinese ban, Elon Musk withdrew his support for Bitcoin, preparing the necessary infrastructure for mining restrictions. 
<img loading="lazy" loading="lazy" decoding="async" class="wp-image-396482 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/xrp-bagis-kamala.jpg" alt="" width="350" height="621"> 
Allegations surfaced that Ripple lobbied for anti-Bitcoin propaganda during that period. Ripple believes that blockchain technology can reshape finance and considers Bitcoin a competitor. Therefore, supporting Kamala Harris, who has a higher chance of winning despite heavy regulatory pressure, is not entirely unreasonable. 
<h2 style="text-align: justify" id="xrp-coin-analysis">XRP Coin Analysis</h2> 
Recently, XRP Coin, one of the largest altcoins by market capitalization, fell due to the <a href="https://en.coin-turk.com/insights-on-cryptocurrency-market-trends-and-predictions-2/" data-wpel-link="internal">SEC</a>‘s appeal. The price dipped to around $0.50, influenced by the prolonged legal process and potential losses in court victories. The battle between SEC and Ripple will continue until the final decision on the appeal is made, with experts suggesting it could extend until early 2026. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-396483 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-11_20-11-20.png" alt="" width="1814" height="836"> 
It appears that XRP Coin is likely to underperform during this bull season under regulatory pressure. If the SEC can substantiate its claims with stronger arguments, many of the gains achieved could be reversed, ranging from the classification of secondary market sales as securities to the 94% discount penalty. 
Currently, XRP Coin prices are expected to remain below $0.58. If Bitcoin climbs above $70,000, targets at $0.64 and $0.73 may be feasible. 
The post <a href="https://en.coin-turk.com/bitcoin-prices-rebound-as-altcoins-show-positive-trends/" data-wpel-link="internal">Bitcoin Prices Rebound As Altcoins Show Positive Trends</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Prices Rebound As Altcoins Show Positive Trends

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