π Bitcoin $67,805 is hovering around $67,770, while altcoins are turning green again. This week has been dynamic for BTC, with a rebound from deeper lows, raising hopes that the sideways movement of the past two quarters may be ending.
π Ripple (XRP): Ripple is priced at $0.531656. The SEC has initiated the appeal process, with Ripple expected to respond within 14 days. The key focus will be on the SEC's challenge to Judge Torresβ ruling. Ripple remains confident, especially if the case returns to Judge Torres, who may thoroughly examine the SEC's partial victory. XRP rebounded after hitting $0.512, with long wicks hinting at short-term market optimism. The next key level to regain is $0.580 to resume an upward trajectory.
π Solana (SOL): SOL surpassed the $175 level after the recent dip, showing quick recovery as BTC rebounded. Network activity and community strength remain SOL's advantages. For sustained gains, SOL needs to hold $175 and close above $188, with the $210 target on the horizon. If BTC drops, SOL could dip to the $138-$120 range.
βοΈ Avalanche (AVAX): AVAX faces pressure due to concerns over centralization and allegations from Crypto Leaks. At $26.79, AVAX has struggled to close above $29 in October. If weakness continues, a drop below $24.34 may occur.