A significant week for cryptocurrency enthusiasts has concluded, marked by important events including the Federal Reserve meeting. The expectation moving forward is for more considerable upward movements and positive news, replacing the previous period of dull fluctuations. Ripple 
$2 CEO Garlinghouse recently shared insights regarding the future of Ripple and XRP, while Cowen and Daan Crypto Trades examined the current state of Bitcoin 
$99,148.
Ripple (XRP)
After a four-year struggle, the conclusion of the Ripple case may rest with the newly appointed SEC Chair, known for being crypto-friendly. The SEC’s current stance claims that nearly all altcoins qualify as securities, resulting in over a hundred lawsuits and complaints. Numerous companies, including Binance, Coinbase, Ripple, and Uniswap, find themselves entangled in legal disputes with the SEC. The new SEC Chair could potentially bring regulatory clarity and end this chaos.
Ripple’s CEO expressed gratitude for the patience and unwavering support of the XRP community. He reflected on the tumultuous journey of XRP, which has faced various challenges since becoming the second most valuable cryptocurrency. He noted the long-standing interference of the SEC in the crypto market and is optimistic that progress is now on the horizon.
Bitcoin (BTC) Predictions
Benjamin Cowen has issued a crucial warning regarding Bitcoin’s market dominance. He emphasizes the recent softening of Bitcoin dominance (BTCD) data following previous interest rate cuts. Cowen suggests that we might witness another decline in altcoins as the BTCD softens again, particularly in early December.
Daan Crypto Trades anticipates a retest of the low levels observed on November 4, which may negatively impact altcoins. He believes there is a high likelihood of revisiting this low level, suggesting a return to previous market patterns.
“Bitcoin experienced a significant turnaround in the first week of the month. I believe there is a strong chance we will revisit the low from November 4, indicating a return to prior models.”
Market models can sometimes repeat, and Trump’s election could significantly impact cryptocurrency structures. This could lead to volatility, contrasting the scenario seen after the FTX collapse in late 2022.
