Triple Attack on Ripple
Ripple prices plunged 35% to a $0.4060, a minimum since May 8. Few have expected this after a partial victory over SEC in July. The reason of this drop could be found in the launch the first spot Bitcoin-ETF in the Euronext this week that prompted capital outflow from altcoins. Afterwards, the SpaceX was reported to sell its Bitcoin on $373 million, while the SEC was granted to appeal XRP Ruling by a federal judge decision. This double strike extended the drop of XRP prices from 8% initially to 35%.
Ripple has recovered some losses as its prices bounced to $0.5000 per coin, and continues in the upward trend. But, the environment surrounding crypto assets, and Ripple in particular, is negative to think about a possible recovery. XRP prices are likely to continue moving inside a wide range of $0.4000-0.6000 per coin.
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