Connect with us

Hi, what are you looking for?

Crypto News

Should You Buy These 4 XRP Rivals After SEC Drops Ripple Lawsuit?

Should You Buy These 4 XRP Rivals After SEC Drops Ripple Lawsuit?

After four years of legal pursuit, the Securities and Exchange Commission (SEC) terminated its appeal against Ripple. The decision from the Securities and Exchange Commission (SEC) has affected the crypto market as it demonstrates positive signs after enduring difficult times. XRP price maintains a position near $2.4 while undergoing a strengthening upward price movement. After Ripple resolved its legal complications, the market shifted its attention to four significant XRP rivals, namely TRON, ADA, SOL, and DOGE.

XRP Rivals: TRON (TRX)

Justin Sun’s announcement about integrating TRX with Solana has made TRON (TRX) an XRP rival that gained recent market attention. The market sentiment toward TRX has risen after this announcement which resulted in price appreciation to $0.2359.

The analysts believe that integration would cause TRX to experience substantial growth, and experts predict a 516% price increase that may reach $1.11 within the next timeframe.

Image

Cardano (ADA)

Cardano’s price has seen a slight surge at the time of writing. The ADA is trading at $0.72, with a 2% surge over the past 24-hours. 

Crypto analyst reports that Cardano is showing signs of a bullish reversal after breaking out of a falling wedge pattern. If the momentum continues, ADA could experience a strong uptrend, leading to significant upside potential making it among the XRP competitors. 

Further confirmation will arise from monitoring both the current support as well as the nearby resistance. Price targets are $1.2265, $1.5230, and $1.8612.

Image

Solana (SOL)

The SOL price recovered by maintaining its vital support area between $128 and $130. The market value of SOL hovers at $130 and shows strong upward momentum after the introduction of the SOL ETF.

Crypto analysts predict that Solana’s price stands at a decisive point where it might perform a breakthrough. A triangle breakout can produce a price movement of 15% that goes in either the $136 up or $125 down direction.

Image

Dogecoin (DOGE)

The Dogecoin (DOGE) cryptocurrency shows an approaching critical price point as it competes with XRP. Currently, the memecoin price stands at $0.1694 which marks a 3% upward trend during the last day.

Based on expert analyses breaking above $0.19 price levels would start a change within the market. The market price will shift 16% following a closing price beyond the $0.16-$0.18 range.

Should You Buy These 4 XRP Rivals After SEC Drops Ripple Lawsuit?
Source: Tweet

Conclusion

After completing its lawsuit with Ripple the cryptocurrency market operates with increased engagement. The attention of investors now turns toward XRP competitors TRON, ADA, SOL and DOGE which creates new potential opportunities.

The post Should You Buy These 4 XRP Rivals After SEC Drops Ripple Lawsuit? appeared first on CoinGape.

You May Also Like

World News

US Secretary of State Marco Rubio will discuss the possibility of deporting suspected Tren de Aragua gang members to El Salvador in an upcoming...

Science&Tech News

Consumer rights group Which? is suing Apple for £3bn over the way it deploys the iCloud. If the lawsuit succeeds, around 40 million Apple...

Science&Tech News

Battle lines have been drawn between the almost 200 countries meeting in Azerbaijan as they seek to agree a new pot of money to...

Crypto News

The Bank of Russia has issued a directive for financial institutions to prepare for the integration of the digital ruble. The move aims to...