Ripple (XRP) and Litecoin Face Selling Pressure as Unilabs Income Program Goes Viral
The post Ripple (XRP) and Litecoin Face Selling Pressure as Unilabs Income Program Goes Viral appeared on BitcoinEthereumNews.com.
The recent market development indicates a potential shift in the XRP price action following the increasing chances of the Ripple vs. SEC closure. With that said, most Litecoin mining profiles are now showing interest in Unilabs Finance’s income program after it attracted massive inflows in a short span of time. Is Unilabs Finance leading the status quo this cycle? Let’s find out! Ripple vs. SEC: Next Ruling Could Recover the XRP Price The SEC vs. Ripple case has entered a pivotal phase, with the XRP price recovery at stake in the coming days. The regulatory lack of clarity, along with the consistent selling by the Ripple Foundation, has been a key reason for the current decline in XRP price. These developments have directly affected market demand for Ripple (XRP) as the price of the token has dropped below $3 in the past few weeks. Additionally, the blockchain platform has faced rigorous challenges from competitors and has struggled to gain market share. The upcoming XRP price outlook also depends on Judge Torres’ ruling in the SEC case. A breakout above $3.20 could signal a move toward the 50-day EMA. A sustained move through the 50-day EMA may open the door to $3.50 and the July 12 high of $3.84. However, a drop below the 200-day EMA could push the XRP price toward $2.75. LTC Price Dip Signals Unstable Litecoin Mining Period Ahead Litecoin (LTC) has dropped about 10% from the July high and is trading at $109.27 on a daily volume of $1.4 billion. This sentiment indicates a sluggish Litecoin mining period for miners. Analysts say this is normal considering the broader altcoin market trend, including Cardano and Link, and not because of any weakness in LTC itself. The growing narrative around LTC is the 76% chance of a US ETF…
