Zach Rector Explained: Here are the Top 3 Catalysts That Could Trigger the Ripple Price Rally!

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Ripple The price is experiencing a gradual decrease in value, continuing its downward trend from the previous week. With decreasing trading volume, the price of XRP is currently hovering around 48 cents. It indicates a decline of approximately 3.3 percent over the last 24 hours and is falling below the 200-day weighted moving average (WMA).

This decline in XRP’s value suggests it is about 3 percent away from erasing the gains it made in mid-July, following a summary judgment decision that significantly favored Ripple, the company behind XRP.

Ripple What Could Ignite a Price Rally?

Zach Rector, a major influencer in the crypto space, speculated that XRP may be on the cusp of a rally driven primarily by developments surrounding the ongoing SEC and Ripple lawsuit. believes.

The year-to-date (YTD) bullish momentum for XRP took a hit in recent weeks when the digital asset fell below a critical support/resistance level of around 53 cents. However, Rector is optimistic that XRP’s prospects may brighten soon.

Koinfinans.com As we reported, a key event to watch in XRP is the SEC’s appeal of summary judgment. This decision determined that XRP sales on exchanges should not be classified as investment contracts and therefore should not be considered securities. Rector is confident that the SEC’s appeal will likely fail, as the initial ruling highlights a lack of sufficient evidence to label XRP sales on exchanges as securities holdings.

According to Rector, another potential catalyst for an upside in XRP would be the adoption of the On-Demand Liquidity (ODL) program powered by XRP by a US-based bank or financial institution. This adoption would significantly revitalize XRP bulls and potentially increase its value, especially in the context of cross-border payments.

In addition, a settlement agreement between the SEC and Ripple, altcoinIt is seen as another important factor that could push . Such an agreement would not only resolve the legal uncertainties surrounding XRP but also provide much-needed clarity for XRP investors. possibility of agreement, cryptocurrency It remains a key point of interest for those closely monitoring the unit’s future.


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