Global #Ripple

In a united front, the XRP Army—a collective of millions of Ripple supporters, investors, and cryptocurrency enthusiasts—has initiated a petition in response to the SEC’s recent legal maneuvers against Ripple.

The crypto market has witnessed a significant liquidity boost, driven primarily by the growth of stablecoins. According to data from CryptoQuant, the total market capitalization of major USD-backed stablecoins reached a staggering $169 billion in late September, marking a 31% increase year-to-date.

Ripple (XRP) has been trading within a tight range around $0.530 for the past four days, signaling a period of market indecision. However, this stabilization follows a concerning breakdown below its ascending trendline last week, raising red flags for traders and investors alike.

As the cryptocurrency market continues to navigate turbulent waters, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are experiencing significant pressure on their key support levels.

XRP, the cryptocurrency associated with the Ripple network, is experiencing a surge in social media traction and transaction volume, which recently reached $2.39 billion—the highest in eight months.

XRP has seen a significant downturn, dropping below $0.54 as the U.S. Securities and Exchange Commission (SEC) intensifies its legal battle against Ripple.