MoonPay, a cryptocurrency payment gateway, has announced its integration with Ripple, expanding partnerships for both companies as they work to enhance service delivery.

This move aligns with MoonPay’s vision of making cryptocurrency more accessible by offering simplified on-ramps for everyday users.

MoonPay Announces Ripple Partnership

The partnership represents a key milestone for MoonPay, granting its global user base seamless access to Ripple’s native token. This integration enables users to buy, manage, and store XRP directly within the MoonPay ecosystem.

“In partnership with Ripple, you can now buy, store, and manage your XRP directly within your MoonPay account. Whether you are a new recruit or a loyal soldier, welcome home,” MoonPay announced.

Read more: How To Buy XRP and Everything You Need To Know

In May 2024, MoonPay integrated PayPal for easier crypto purchases. This enabled users to buy digital assets via bank transfers through a streamlined and familiar interface. The latest partnership, therefore, is another step forward in simplifying cryptocurrency transactions for MoonPay’s growing user base.

The ability to buy crypto through PayPal, coupled with MoonPay’s latest XRP purchase features, reinforces the platform’s growing efforts in the mainstreaming of digital assets. It also highlights the growing relevance of Ripple’s powering token.

MoonPay’s integration is seen as a vote of confidence in XRP’s future despite Ripple’s legal challenges with the US SEC. As both companies expand their product offerings, this partnership places MoonPay and Ripple at the forefront of efforts to make crypto more accessible.

Ripple CLO Outlines Ripple vs. SEC Appeals Timeline

Meanwhile, Ripple remains embroiled in a legal battle with the SEC. Since 2020, the company has faced allegations that its sale of XRP tokens amounted to an unregistered securities offering. This high-profile case has drawn significant attention from the community, as its outcome could have far-reaching implications.

In July 2023, Ripple scored a partial victory but remains under legal pressure, as the SEC is still appealing parts of the ruling. The case remains unresolved, with the XRP community riding on hope. This leaves Ripple’s long-term regulatory standing uncertain, with the outcome still a key issue that could shape the future of XRP’s status.

Speaking to Fox Business correspondent Eleanor Terret, Ripple chief legal officer Stuart Alderoty reportedly outlined the timeline for the appeals process between Ripple and the SEC. Alderoty noted that the SEC has until Thursday, October 17, to submit Form C, which will provide insight into the specifics of its intended appeal.

Following this, Ripple reportedly plans to file its own Form C seven days later, detailing the arguments for its cross-appeal. This sequential filing process marks the beginning of what is anticipated to be a lengthy and complex legal battle.

Once both parties have submitted their respective forms, they will agree on a briefing schedule. The SEC will have up to 90 days to submit its opening brief. Alderoty expressed his expectation that the SEC would utilize the full 90 days to present a comprehensive account of its legal arguments.

Ripple will subsequently file a response and its own brief, kicking off an extensive briefing process projected to extend through July 2025. This timeline suggests a protracted legal engagement, highlighting the significant stakes involved.

Read More: Everything You Need To Know About Ripple vs. SEC

BeInCrypto data shows that XRP’s price has risen modestly by 1.17% following the news. As of writing, the token is trading at $0.5495.

Ripple (XRP) price has been relatively stable with no clear trend direction emerging. The RSI indicator shows a neutral sentiment, suggesting a balance between buying and selling activity. Meanwhile, the Chaikin Money Flow has turned positive, pointing to some accumulation, but the buying pressure remains modest.

The EMA lines are still in a bearish alignment, though a bullish crossover may be on the horizon. If buying pressure strengthens, XRP could potentially break through key resistance levels in the coming days.

XRP RSI Has Been Neutral For Days

XRP’s Relative Strength Index (RSI) is currently at 58.59 and has been hovering between the 45 to 65 range for nearly a week. This indicates a lack of strong price momentum in either direction. Typically, an RSI around 50 suggests neutral sentiment, where buyers and sellers are relatively balanced.

The recent RSI movement within this range implies that XRP’s price has been relatively stable, neither reaching overbought nor oversold conditions, which often characterizes a market waiting for stronger cues to establish a trend.

Read More: XRP ETF Explained: What It Is and How It Works

The RSI is a momentum oscillator ranging from 0 to 100, commonly used to assess whether an asset is overbought or oversold. An RSI above 70 typically indicates overbought conditions, suggesting a potential price correction. An RSI below 30 signals oversold conditions, which could present a buying opportunity.

With XRP’s RSI at 58.59, it shows moderate buying strength, but not enough to push the asset into overbought territory. This level indicates that while there is some positive sentiment around XRP, it is not yet strong enough to drive a significant trend. This leaves the price direction uncertain and suggesting a continued consolidation phase.

Ripple CMF Is Now Positive

XRP’s Chaikin Money Flow (CMF) indicator is currently at 0.08, recovering from a recent dip to -0.10. This shift from negative to positive suggests that buying pressure has started to outweigh selling pressure, indicating some accumulation of XRP.

However, despite turning positive, the value of 0.08 reflects only a modest level of capital inflow, suggesting that the buying momentum is still relatively weak.

The Chaikin Money Flow is a technical indicator that measures the buying and selling pressure of an asset, based on the closing price and volume of trades. Positive CMF values indicate net buying pressure, whereas negative values suggest net selling pressure.

Although XRP’s current CMF value of 0.08 shows signs of buying activity, it remains significantly below the 0.15 to 0.20 levels that were seen during XRP’s last rally in late September. This suggests that while the buying sentiment has improved, it is not yet at the strength needed to trigger a sustained upward move.

XRP Price Prediction: A 22% Price Surge Ahead?

XRP’s EMA (Exponential Moving Average) lines are currently in a bearish formation, with shorter-term EMAs positioned below the longer-term EMAs. This alignment suggests that the prevailing trend has been downward. However, the short-term EMAs now appear to be moving upwards, potentially crossing above the long-term EMAs.

If this crossover occurs, it could signal a shift to a bullish trend, where buying pressure starts to dominate, potentially sparking a new upward momentum in XRP’s price.

Read more: Ripple (XRP) Price Prediction 2024/2025/2030

EMA lines are moving averages that assign greater weight to recent price data, making them more responsive to short-term market changes. Traders often use EMAs to identify trends and potential reversals. When short-term EMAs cross above long-term EMAs, it is typically considered a bullish signal. That indicates that recent buying strength could lead to a sustained rally.

If this uptrend materializes, XRP could test resistance levels at $0.61, and potentially push further to $0.63 or even $0.66. That would depend on the strength of the buying momentum. However, if the bullish crossover fails to materialize, XRP might instead continue its bearish trend, potentially falling to the support levels of $0.50 or even as low as $0.43 if selling pressure increases.

The value of Ethereum (ETH) sent into exchanges has surpassed $1 billion just two days after the altcoin’s price climbed to $2,600. This sudden influx of ETH onto exchanges often signals a potential shift in market sentiment, as traders may be preparing to cash out on recent gains.

With Ethereum’s price swinging sideways, the question now is whether this inflow will lead to increased selling pressure for one of the market’s top assets.

Ethereum Holders Book Quick Gains

On October 13, Glassnode data revealed that 122,164 ETH were held on exchanges. However, as of this writing, that number has surged to 390,432 ETH. At the current price of ETH, this represents a value of over $1 billion.

Exchange inflow shows the number of coins leaving external wallets and going into centralized platforms. The significant increase in ETH on exchanges could indicate rising selling pressure. Notably, more coins being transferred to exchanges often suggests that holders may be preparing to liquidate their assets. 

If sustained, this could have bearish implications for the cryptocurrency’s short-term price movement. Moreover, this development is also another reason ETH’s price might struggle to reach $3,000.

Read more: Ethereum ETF Explained: What It Is and How It Works

A further on-chain assessment suggests that crypto whales have contributed to Ethereum’s recent price decline. According to IntoTheBlock, the large holders’ netflow to exchange ratio has increased over the past seven days.

This ratio offers insight into whale activity. When it decreases, it indicates that whales are withdrawing assets from exchanges, typically signaling a bullish trend as they may be holding long-term. 

Conversely, the recent increase in the ratio suggests that these large holders are sending their Ethereum to exchanges, potentially for sale. This increase in exchange inflows from whales is often seen as a bearish sign, as it can create downward pressure on the cryptocurrency’s price.

ETH Price Prediction: $2,440 Pullback Looms

On the daily chart, the Chaikin Money Flow (CMF) has fallen below the zero signal line. The CMF is a technical oscillator that measures accumulation and distribution in the market. When it increases, accumulation dominates, suggesting that the price can increase.

A decrease, on the other hand, indicates a rising level of distribution. For ETH, it is the latter, as the indicator suggests that the cryptocurrency could drop below $2,500. 

Read more: Ethereum (ETH) Price Prediction 2024/2025/2030

Should this be the case, Ethereum’s price may decline to $2,440. However, if bulls begin to buy ETH in large volumes again, the cryptocurrency’s value could climb toward $3,018.