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‼️ XRP PLUNGES 10%: UNCOVERING THE REASONS BEHIND THE SUDDEN DIP 🚨

The cryptocurrency market was abuzz with the sudden 10% dip in XRP's price, leaving investors and enthusiasts scrambling for answers. In this article, we'll delve into the possible reasons behind this unexpected downturn and explore what the future holds for $XRP . 🚀

PROFIT-TAKING TRIGGERS SELLING PRESSURE 📉

One of the primary reasons behind the dip is the surge in supply, triggering selling pressure. With nearly 97% of XRP holders currently making a profit, it's no surprise that many are cashing in on their gains. This profit-taking has led to a downward pressure on the price, resulting in the 10% dip. 📊

COURT RULING UNCERTAINTY WEIGHS ON XRP 🤔

The recent court ruling in favor of Binance does not directly apply to Ripple's situation, according to the SEC. This uncertainty has contributed to the price dip, as investors await clarity on the outcome of the Ripple vs. SEC case. 🚔

UNDERPERFORMANCE COMPARED TO OTHER CRYPTOS 📈

XRP has been underperforming compared to other top cryptocurrencies, with a 5% decline year-to-date, while others like Bitcoin have seen significant gains. This underperformance, combined with the ongoing Ripple vs. SEC case and the company's efforts to expand in the US market, may also be influencing the price. 📊

WHAT'S NEXT FOR XRP? 🔮

While the current dip may seem alarming, some analysts predict that XRP could rebound, potentially reaching $6 if the Ripple vs. SEC case is resolved in favor of Ripple. However, others warn that if the critical support level of $0.58 crumbles, XRP could witness a deeper correction, plunging to $0.51. 📊

As the cryptocurrency market continues to evolve, one thing is certain – XRP's future is filled with uncertainty and possibility. Stay tuned for further updates and analysis on this developing story! 🚀

Is buying USDT the same as buying dollars? If I bought 100$ USDT when the dollar was at $6.18, when the dollar reaches $6.50 and I convert it, will I make a profit in the same way?

I have $150.. How do I distribute it among the most important currencies please??

🤖🔥🚀What could this currency of $USUAL cost if the TVL increases significantly due to high demand? 😍🤑

To illustrate the possible impact on the price, let's assume some hypothetical numbers.

Initial Circulating Supply:
Usual has an initial circulating supply of 494,600,000 units.

Initial TVL:
Let's assume the initial TVL is 100,000,000 units locked.

Initial Price:
The initial price is $1 per unit of Usual.

TVL Increase Scenario:
Let's assume the TVL increases to 300,000,000 units locked, reducing the circulating supply available for trading to:

Available Supply = 494,600,000 - 300,000,000 = 194,600,000 units.

Effect on Price:
If demand remains high or increases due to confidence and adoption, the price can rise significantly. Let's assume a new demand that results in a price increase due to the lower available supply.

If we consider that the reduction in supply could lead to a multiplication of the price, we could make some projections:

Conservative Scenario: The price could double to $2 per unit if demand doubles with the reduction in supply.

Moderate Scenario: If demand triples due to high utility and confidence, the price could rise to $3 per unit.

Optimistic Scenario: In an extremely high demand scenario, the price could quadruple or more, reaching $4 or more per unit.

General Projection:
Initial price: $1 per unit

Initial circulating supply: 494,600,000 units

Initial TVL: 100,000,000 units

New circulating supply: 194,600,000 units (with a TVL of 300,000,000 units)

Price projections (based on high demand):
Conservative: $2 per unit
Moderate: $3 per unit
Optimistic: $4 per unit or more



#usual