Important support levels are being violated in altcoins, and the loss of moving averages brings the risk of a decline to $1.03 levels for XRP Coin. That’s why it is important to hold $ 2.54. These days, different analysts are sharing predictions of decline exceeding 50-60 percent due to the long-term structures in altcoins starting to deteriorate.
Ripple Important Developments
Ripple 
$2.23 This week, Ripple is holding an event discussing a wide range of topics from customers, team members, and industry leaders. Executive director of the White House Cryptocurrency Advisory Council, Nasdaq important names from companies such as Fidelity, Blackrock, JPMorgan and Mastercard were present here.
Apart from this, a partnership was recently established with the University of San Francisco. Financial support will be provided for research and development activities on XRP Ledger at the university for two years.
Of course, these do not mean much for the XRP Coin price because the charts fluctuate depending on the general market sentiment. However, in the long run, these development activities will produce positive results.
Another important development in November was that Ripple USD exceeded the circulating supply of $ 1 billion. This is an important threshold and the development of the XRP Ledger ecosystem and the increase in demand for liquidity strengthening are positive. The fact that the market value of $ 300 million in June exceeds $ 1 billion today is a significant growth.
ETF The issue is still pending due to the government shutdown. The closure exceeded 45 days, making it the largest in history. This situation is not sustainable. We expect the closure to end in November because each day the closure brings new problems in terms of the functioning of the USA. ETP Trust flows well while Solana saw its second largest inflow last week XRP Coin last week saw inflows of $43.2 million.
The last minute announcement that came while the article was being prepared explains that the company received a strategic investment of half a billion dollars with a valuation of 40 billion dollars. This news may be among the top 3 biggest news of the year for Ripple.
XRP Coin Review
Trying to reclaim the $2.3 base after testing the $2 base XRP Coin managed to announce “something big” at this week’s event, just as expected. If the general market sentiment had been supportive, this investment news alone could have pushed the price above $3.
Closings above the $2.3 support in the coming days may make it possible to reclaim the $2.54 upward base. After this, the range of 2.74 and 3.1 dollars will come to the fore again. At press time, BTC fell below $103,000 due to Putin’s nuclear statements, and Democrats are demanding a meeting with Trump to discuss the shutdown.
