Bitcoin $96,086 is currently hovering around 67,770 dollars, while altcoins have turned green again. This week has been dynamic for BTC, and the rebound from deeper lows raises hopes that the boring price movements of the last two quarters may be coming to an end.
What is the Price for Ripple (XRP)?
SEC has initiated the appeal process, and Ripple $3 is expected to submit their response to the Second Circuit within 14 days. A key aspect will be the SEC’s arguments challenging Judge Torres’ ruling. The Ripple side appears confident in the appeal process, and if the decision is returned to Torres by the Second Circuit, it has been hinted that Torres will conduct a thorough examination, putting the SEC’s partial victory at risk.
After the last drop to 0.512 dollars, XRP Coin has rebounded. Long wicks indicate that markets are expecting more in the short term. The upcoming U.S. elections and the Fed’s anticipated interest rate cuts in November support risk markets.
The key level to regain is 0.580 dollars; once this parallel channel support is reclaimed, we can talk about a return to an upward trajectory.
What Will Be the Price for Solana (SOL)?
In the recent drop, we mentioned that those evaluating new low levels could regain profits. The expected has happened, as the 175 dollar level was surpassed. SOL Coin is likely to see rapid vitality in its ecosystem with an improvement in overall market sentiment, showing a quick reaction to BTC recoveries. Network activity and community strength are significant advantages here.
For the continuation of this rise, the 175 dollar level must be maintained, and we need to see closes above 188 dollars. Beyond that, the 210 dollar level will be targeted, leading to a journey towards new all-time highs. In a contrasting scenario, the 138-120 dollar range could become reality if BTC makes lower dips.
Avalanche (AVAX)
Concerns about centralization, allegations regarding Ava Labs from Crypto Leaks, and other issues are currently putting pressure on AVAX prices. Most decentralized networks are not as decentralized as they seem. For Avalanche, the issue is videos revealing these truths by former employees. It remains uncertain whether the SEC will get involved in this process.
AVAX is at 26.79 dollars and has failed to close above 29 dollars throughout October. If weakness persists, we could see closes below 24.34 dollars.