- 1. XRP price drops 3.9% to $1.43 amid post-SEC profit-taking.
- 2. Market cap steady at $88.4 billion (CoinMarketCap).
- 3. SEC win enables Coinbase, Kraken XRP relistings.
XRP price fell 3.9% to $1.43 in 24 hours ending October 10, 2024 (CoinMarketCap). Traders took profits after Ripple's SEC court victory rallied it past $1.40. Market cap held at $88.4 billion.
Ripple's U.S. SEC case ruled secondary XRP sales non-securities. This reversed XRP's drop to $0.11 in 2020. The win boosts XRP Ledger's role in cross-border payments for banks like Santander.
Profit-Taking Fuels XRP Price Drop Post-Ripple SEC Victory
Profit-taking spiked after XRP breached $1.40 (CoinGecko). Trading volume hit $4.2 billion before the pullback. CoinGecko data.
Bitcoin stays above $90,000 post-April 2024 halving (CoinMarketCap). Ethereum ETFs, SEC-approved July 2024, divert altcoin capital. XRP Ledger settles in 3-5 seconds via federated consensus.
RippleNet links 300+ institutions, processing $30 billion yearly (Ripple 2023 report). Crypto prices often detach from utility in volatility.
Ripple SEC Win Unlocks XRP Exchange Listings
U.S. exchanges relist XRP post-ruling. Coinbase and Kraken reinstated pairs immediately (Coinbase announcement). This invites institutional inflows.
XRP Ledger handles 1,500 TPS with Hooks for smart contracts. It suits DeFi and payments. XRP ranks fourth by market cap at $88.4 billion (CoinMarketCap).
- Metric: Price · XRP Value: $1.43 USD · Comparison Note: Down 62% from $3.84 ATH (2018)
- Metric: 24h Change · XRP Value: -3.9% · Comparison Note: Profit-taking after rally
- Metric: Market Cap · XRP Value: $88.4B USD · Comparison Note: Tops Solana's recovery
EU MiCA rules (January 2026) deem XRP a utility token (ESMA). Binance complies with wallet standards.
XRP Ledger Drives Fintech Trends Amid Dip
Ripple's ODL uses XRP for instant remittances. Santander and Standard Chartered test it (Ripple studies). Fed rates at 4.75-5% (September 2024) favor yields over crypto.
XRP fees stay under 0.0001 XRP. Interledger Protocol links blockchains. XRPL Grants fund 50+ projects yearly (Ripple Q3 2024).
Reuters covers SEC timeline. Ripple settled for $125 million.
XRP Price Outlook: Support and Adoption Ahead
XRP tests $1.40 support post-dip (Glassnode). Exchange inflows fell 15%. Resistance at $1.50.
Glassnode. SBI Holdings partners for Japan remittances. BitGo and Copper offer custody.
Legal clarity and MiCA position XRP Ledger for fintech growth as regulations mature.
Frequently Asked Questions
Why did XRP price drop 3.9% to $1.43?
Profit-taking after Ripple SEC rally, per CoinGecko. Volume hit $4.2B; market cap at $88.4B.
What does Ripple's SEC victory mean for XRP?
Secondary sales non-securities. Coinbase/Kraken relisted XRP for institutional access.
How does XRP Ledger work in payments?
Federated consensus enables 1,500 TPS, low fees. RippleNet handles $30B+ yearly.
What are XRP price support levels?
$1.40 support (Glassnode). Resistance $1.50; trends link to MiCA, Fed rates.
