Ripple (XRP) might still be a top 10 cryptocurrency, but its metrics say otherwise as its growth stagnates, winning the title “Dead Money.” Meanwhile, IntelMarkets (INTL) is turning the crypto world upside down with a massive 50x pump, outpacing even Litecoin (LTC). Let’s dive into the details of these ongoing trends.
XRP Price Stuck: Why Ripple’s Legal Struggles Are Weighing Down Its Performance
Ripple (XRP) being part of the top 10 cryptocurrencies has underperformed the most among all with minimal price fluctuations.
For the past two weeks, the asset has been locked in a downward trend, failing to overcome local resistance levels. Despite bulls’ efforts to counter the trend, Ripple (XRP) is still unable to surge higher, which concerns investors about the potential for a lengthy downturn.
The asset’s main barrier to breaking above significant levels several times has been the 200 EMA, which is now a strong resistance barrier. If XRP can’t break through this important EMA level, the chances of its price rebound seem slim.
The legal battle between Ripple (XRP) and the SEC witnessed some recent turn of events. It filed a formal cross-appeal against the SEC in the Southern District of New York. This cross-appeal aims to transfer the matter to the Second Circuit Court of Appeals.
In particular, the cross-appeal pertains to the SEC’s October 2 appeal and contests a federal judge’s decision that fined Ripple a substantial $125 million for suspected securities law breaches. Further developments are waiting for the market to react.
Canary Capital Files for Litecoin ETF: What’s Next for LTC?
The established giant crypto Litecoin (LTC) has recently celebrated its 13th birthday. They also acknowledged their recent milestone including 77 million transactions, 100% uptime, and privacy improvement with the MWEB update.
This celebration coincides with Canary Capital’s filing with the Securities Commission for a Litecoin ETF, making this celebration a little more interesting. According to CoinMarketCap data, the Litecoin (LTC) price recently surged to a weekly top of $74 following the buzz around this news and community excitement.
The cryptocurrency charts are now green on weekly and monthly timeframes reflecting a bullish outlook. The 14-day RSI is also surging and has surpassed 60, which is another factor contributing to Litecoin’s (LTC) price surge.
IntelMarkets (INTL) Raises $1.5M in Days: What’s Driving Its Success?
While Litecoin (LTC) being an established player in the crypto market has been surging lately. However, surprisingly a newcomer has clouded its big gains with its 50x pump. IntelMarkets (INTL) is a recently introduced crypto project that has gained a lot of attention from investors all over the world.
IntelMarkets (INTL) is being talked about for all the right reasons including its innovative AI-powered trading platform offering as well as its incredible growth momentum. In just a few days of its public presale launch, Intel managed to raise over $1.5M in funding, ascending to the top 1% of the ICO world.
This enormous funding reflects nothing but investors’ trust and confidence in Intel’s innovative approach to the trading world. Its upcoming trading platform aims to provide traders with tools and features that were reserved for institutional traders only. This will bring everyone to the same platform, giving them a chance to maximize their profit potential.
These institutional-level features will include up to 1000x leverage, AI-trained robots, dual-chain trading options, multichannel analysis, accurate and precise trading signals, and much more. These all are collectively aiming for just one thing – for you to have 100% profits on each trade.
Its presale is rapidly selling, investors are rushing in to fill their bags with INTL and become an early investor in this one-of-its-kind project.
Discover More About Intel Markets:
Presale: https://intelmarketspresale.com/
Buy Presale: https://buy.intelmarketspresale.com/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets