Cryptocurrencies Price Prediction: Ripple, Solana and Polygon – European Wrap 22 November
|XRP bucks bear market trend as Ripple gathers support against the SEC
SEC v. Ripple case has significantly influenced XRP price since the beginning of the legal battle in December 2020. With no updates from the court, Ripple’s legal counsel’s statement defending XRP and its position as a non-security is doing the rounds. There is a spike in bullish sentiment among XRP traders and the altcoin is likely to print an extended rally.
Here’s how Solana price can prevent a crash to $5 or lower
Solana price has faced the brunt of the FTX fallout as it has been on a downtrend since November 2021. This non-stop nosedive escalated exactly a year later as the FTX exchange came under fire and went under. As a result, all the tokens associated with the company have been suffering an uber-bearish fate.
MATIC price correction could be temporary, Polygon has potential to resist sell-off
MATIC price has the potential to break out of the bear market. While the domino effect of FTX exchange collapse brought most of the crypto market to a standstill, MATIC , the token of the Ethereum scaling solution Polygon, is preparing for its recovery.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.