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XRP and Solana face price declines, but optimism remains for Q4. Meanwhile, Rollblock’s new GambleFi protocol could surge 100x at launch.
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XRP and Solana are experiencing significant declines in their prices today, but investors are still optimistic about potential trend reversals in Q4. Despite this strong community sentiment, the biggest gainer this week is still Rollblock’s new GambleFi protocol which is poised for a massive 100x rally on launch day.
XRP faces a legal battle once again with SEC appeal
XRP was showing signs of bullish traction during September which made analysts optimistic about XRP’s Q4 gains. According to Bitwise, XRP is also planning to launch its own ETFs soon as XRP recently filed an application with the state of Delaware. However, all these bullish predictions have suddenly ended in vain as the US Securities and Exchange Commission (SEC) filed an appeal on the court’s recent ruling that favored XRP developers Ripple.
Following this massive news, XRP is currently trading for $0.5218 with a significant 10.55% intra-day decrease. Since XRP’s volume is also rapidly increasing, investors appear to be booking profits before the token faces more legal troubles in the upcoming weeks. Even the XRP/USDT daily chart has turned completely bearish as the token is expected to plunge to the $0.4305 support trendline soon.
Solana investors show confidence despite recent rejection
Solana suffered a massive 9% decline in just two days after it failed to breach the critical $160 resistance again. Since Solana has tested this level three times already, analysts expected Solana investors to start losing interest soon. However, despite the decline, Solana’s community sentiment remains bullish due to innovative developments in Solana’s e
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