- XRP plunges to $2.40 on November 3, 2025, after an intraday high of about $2.53 and low near $2.39, marking a ~5% one-day drop [1]. Early trading saw heavy sell-offs around the key $2.50 support level.
 - Intense trading & whale activity: XRP’s retreat under $2.50 came amid 85% above-average volume and large sell orders at ~$2.55 [2] [3]. Nonetheless, big buyers are accumulating – one Coinbase whale bought ~2.73 million XRP (~$6.8M) via thousands of small orders [4], and “mega-whales” added 1.27 billion XRP (~$3.15B) in the past few weeks [5].
 - Bullish catalysts brewing: Anticipation is high for the first U.S. spot XRP ETFs expected by mid-November. A leading ETF analyst says XRP ETFs launching would be “the final nail in the coffin” for past anti-crypto roadblocks [6]. One new XRP ETF already hit $100M+ in assets [7], and analysts predict billions in inflows once U.S. funds go live [8].
 - Regulatory cloud lifted: Ripple’s SEC lawsuit officially ended in Aug 2025, with both sides dropping appeals and Ripple paying a $125M fine [9]. This legal victory and a pro-crypto U.S. administration have improved market sentiment, as Ripple gains regulatory clarity to expand globally.
 - Experts divided on outlook: Technical traders are eyeing $2.49 as critical support – failure to hold could extend losses, while reclaiming $2.55–$2.60 may signal a rebound [10] [11]. Some analysts remain bullish: a veteran chartist in September declared XRP’s consolidation over and targeted a rally to $4.50 (new all-time high) [12]. Others caution that recent holder selling might cap gains unless whales keep buying [13] [14].
 
XRP Price Hits $2.40 – Intraday Highs, Lows and Key Levels (Nov 3, 2025)
On November 3, 2025, XRP opened around $2.53 and swiftly fell to as low as $2.3906 before stabilizing near $2.40 by day’s end [15]. Its intraday high reached $2.5315, but bullish momentum faded fast. By mid-morning, XRP was trading in the low-$2.40s, down roughly 4.8% from the previous day’s close [16]. This abrupt drop broke the psychologically important $2.50 level that had acted as support in recent sessions.
Such volatility reflects how sensitive XRP is to technical trading cues. In fact, industry data showed the token’s price fluctuated within a tight $0.07 range (~$2.49–$2.56) in the prior 24-hour session, repeatedly failing to clear ~$2.55 resistance [17] [18]. Traders noted three failed breakout attempts at $2.54–$2.55 in that period, each met with heavy sell orders from larger holders [19]. These rejections established $2.55 as a firm near-term ceiling, while the $2.49–$2.50 zone emerged as a pivotal support that buyers have been defending through multiple retests [20].
Market depth and volume underscore the struggle: as XRP slid under $2.50 on Nov 3, volume surged 85% above the weekly average [21]. This indicates significant participation by larger players. According to CoinDesk, the sell-off was “dominated by technical flows rather than fundamental drivers” [22] – suggesting traders taking profits or triggering stops, rather than reacting to any fresh news. Institutional-scale sellers appeared to be offloading positions near resistance, with one 24-hour turnover metric reaching 50.3 million XRP sold at those highs [23]. By the end of the session, XRP closed around $2.4057 [24], firmly below the $2.49 support that technicians warned was critical to hold.
News Drivers: ETF Hype, Ripple’s Legal Win & Fresh Developments
While Nov 3’s dip was largely technical, it comes against a backdrop of major news stirring XRP market sentiment in early November:
- 🔔 Imminent XRP ETFs: The crypto world is abuzz with expectations that U.S. spot XRP exchange-traded funds (ETFs) could launch within weeks. Notably, popular ETF analyst Nate Geraci highlighted a potential mid-November rollout for the first XRP ETFs, aligning with one issuer’s target launch date of November 13, 2025 [25] [26]. This isn’t just speculation – Canary Capital has filed to debut a spot XRP ETF and removed regulatory hurdles so the fund can auto-launch on that date pending exchange listing [27] [28]. Six other major asset managers – including WisdomTree, Bitwise, 21Shares, CoinShares, Grayscale, and Franklin Templeton – also have XRP ETF applications in the pipeline [29]. Why this matters: A U.S.-listed spot XRP ETF would open the floodgates for institutional money to flow into XRP easily. One pro-crypto journalist noted Canary’s ETF is designed to give institutions “regulated exposure to XRP” – a potentially game-changing development [30]. Bitwise CIO Matt Hougan even predicted that combined assets of approved XRP funds could “surpass several billion dollars within a few months” of launching [31]. We’re already seeing a preview: the first-ever spot XRP ETF (REX Osprey’s XRPR) quietly debuted in September and amassed over $100 million AUM within weeks [32]. The ETF frenzy has turned November 13 into a date many XRP holders are circling on their calendars, with one analyst calling it “the most crucial day for XRP in recent years” due to the potential ETF go-live.
 - ⚖️ Ripple’s courtroom victory: Underpinning this optimism is the fact that Ripple’s long-running battle with the SEC is finally over. On August 8, 2025, the U.S. SEC officially ended its lawsuit against Ripple Labs, dropping all remaining litigation after nearly five years. Ripple agreed to a settlement leaving a $125 million penalty and an injunction in place [33] [34], but critically, XRP itself is not deemed a banned security in open markets. This legal closure removed a dark cloud that had hung over XRP since 2020. As Reuters reported, it “ended one of the cryptocurrency industry’s highest-profile lawsuits”, with Ripple’s Chief Legal Officer heralding “the end” of the case [35] [36]. Notably, this resolution came amid a broader shift in U.S. regulatory stance: crypto-friendlier leadership at the SEC in 2025 led the agency to retreat from aggressive enforcement. Following the change in administration, the SEC not only settled with Ripple but also dropped civil suits against major exchanges like Binance, Coinbase and Kraken [37] [38]. For XRP, the implications are huge – with legal uncertainty cleared, U.S. exchanges freely list XRP (Coinbase re-listed it in mid-2023 after Ripple’s initial court win) and institutional investors have more confidence to hold and use XRP without fear of regulatory blowback. This tailwind has been cited as a key reason XRP rallied earlier in 2025.
 - 🌐 Ripple’s Swell and ecosystem news: Ripple’s annual Swell conference (Nov 4–5, 2025) is another focal point. This high-profile event, held in New York this year, gathers top Ripple executives (CEO Brad Garlinghouse, CTO David Schwartz, etc.) and heavyweights from finance (speakers from BlackRock, JPMorgan, Mastercard, Citigroup, and more are on the agenda [39] [40]). In past years, Swell has been a venue for major partnership announcements and product launches in the Ripple ecosystem. Traders are speculating that new integrations or institutional adoption deals (or even hints about ETF progress) revealed at Swell could boost XRP’s utility and demand [41] [42]. Even absent concrete news, the conference builds positive buzz around Ripple’s network (which uses XRP for certain payment products). Any mentions of expanding bank usage of XRP or new on-demand liquidity corridors could be a sentiment catalyst.
 - 🏦 Evernorth’s $1B XRP treasure chest: In late October, Ripple unveiled a bold new venture that flew somewhat under the radar but carries major long-term bullish implications. A Ripple-backed firm called Evernorth Holdings announced plans to go public via a SPAC merger and raise over $1 billion to become the world’s largest XRP treasury [43] [44]. The plan, disclosed on Oct. 20, involves merging with Armada Acquisition Corp. II (a blank-check company) and listing on Nasdaq under the ticker “XRPN” by Q1 2026 [45]. Evernorth’s funding includes $200 million from SBI Holdings and investments from Ripple, Rippleworks, Pantera Capital, Kraken, GSR, and even Ripple co-founder Chris Larsen [46] [47] – a who’s who of XRP heavyweights. Crucially, Evernorth will use the bulk of that war chest to buy XRP on the open market [48] [49]. Unlike an ETF, which passively holds XRP, Evernorth plans an “active” strategy: accumulating XRP for a corporate treasury and deploying it in yield-generating activities (lending, liquidity provision, DeFi) to increase holdings over time [50] [51]. “Our goal is to create returns for shareholders while reinforcing XRP’s utility,” said CEO Asheesh Birla (a former Ripple executive) [52]. This means Evernorth could become a significant constant buyer of XRP, reducing circulating supply. The firm has already received commitments of $1 billion worth of XRP (from Ripple and insiders) even before its IPO [53] [54] – essentially sequestering a chunk of XRP out of the market. Down the line (post-merger in 2026), if Evernorth raises cash and then deploys it to purchase XRP, it could trigger what one XRP pundit described as a potential “supply shock” in the market [55] [56]. In other words, large-scale buying by Evernorth (on top of ETFs) would sharply increase demand against a limited supply, theoretically driving price upwards. “You haven’t seen supply shock yet,” teased XRP analyst Vincent Van Code, suggesting the real squeeze might come once these big players start shopping in earnest [57].
 
In summary, fundamental news flow for XRP is skewing positive entering November. Regulatory clarity is in place, major institutions are positioning to offer or accumulate XRP, and Ripple itself continues expanding its ecosystem. These factors form a bullish backdrop – even though in the very short term the price has been consolidating, largely due to traders digesting earlier gains and repositioning ahead of these catalysts.
Whales & Institutional Flows: Big Buyers Emerge Despite Retail Selling
One striking trend in late October has been simultaneous distribution by smaller holders and accumulation by whales. On-chain analytics reveal that long-term and short-term retail holders have been taking profit, while large entities quietly buy the dips:
- Retail holder outflows: Blockchain data shows accelerating XRP outflows from both long-term “HODLer” wallets and newer short-term holders. In the two weeks leading up to Nov 1, long-term investors moved a net 90 million XRP out of their wallets (a 2,647% increase in outflows vs. mid-October) [58] [59] – implying they’ve been selling or transferring XRP out (possibly to exchanges to sell). Likewise, the share of supply held by 1–3 month new investors dropped sharply (from ~13% to ~7.8% over October) [60], indicating many recent buyers have cashed out amid the volatility. This broad selling by smaller holders contributed to October’s ~12% price decline [61] and the early November weakness.
 - Whales buying en masse: In contrast, “mega-whales” (addresses holding 100 million to 1 billion XRP) significantly increased their holdings, adding ~1.27 billion XRP since mid-October [62]. At current prices, that stash is worth roughly $3.1 billion – a huge vote of confidence by large investors. Blockchain sleuths flagged that these whale wallets began accumulating heavily right after the mid-October flash crash. It appears institutional players or high-net-worth crypto funds saw XRP’s dip under $2.50 as a buying opportunity. This accumulation has helped absorb some of the sell-pressure from smaller holders, establishing a strong demand base around $2.4–$2.5. As BeInCrypto noted, despite October’s slump, XRP now has “base-like zones at $2.60–$2.63” (likely reflecting whale entry points) that could form a launchpad if buyers continue to step in [63].
 - Coinbase whale’s clever buying: A concrete example of big-money interest: on Oct 31, a single entity executed a massive algorithmic buy program on Coinbase. According to market analyst @Dom, this trader used a TWAP (Time-Weighted Average Price) bot to place 4,287 buy orders of 638 XRP each – totaling 2.735 million XRP – in the span of about 45 minutes [64] [65]. The automated strategy splintered a ~$6.8 million purchase into tiny increments (~$1,588 per order) to avoid spiking the price. Even so, the impact was noticeable: XRP’s Cumulative Volume Delta (buy vs sell volume) on Coinbase spiked dramatically, and XRP price on that exchange briefly hit $2.555 while other platforms were around $2.545 [66]. In other words, one determined buyer managed to push Coinbase’s XRP price slightly above the global market by quietly soaking up supply. Analysts pointed out this was likely an institution using sophisticated tools to accumulate without slippage. Such stealth accumulation underscores the strong institutional interest brewing for XRP – big players are willing to buy millions of dollars’ worth on down days, reflecting confidence in XRP’s longer-term prospects.
 - Exchange reserves and liquidity: Along with direct whale buying, XRP’s exchange reserve metrics show tightening supply. In fact, Bitget reported that on-chain data registered the highest XRP withdrawal on record in late October, as coins moved off exchanges into private holdings or cold storage [67]. This can be bullish, as it suggests fewer XRP are available for sale on the open market. Combine that with upcoming ETF custodial demand (ETFs will need to hold significant XRP in trust, taking them out of circulation) and Evernorth’s planned purchases, and the stage is set for a classic demand > supply scenario – the “supply shock” thesis that XRP bulls often tout.
 
In short, while retail traders were shaken out during recent volatility, deep-pocketed investors have been “buying the dip” in size. Their accumulation is helping establish a higher floor for XRP’s price. If these whales continue to absorb sell-offs (and especially if ETF-related buying kicks in), it could create a supportive springboard for the next uptrend. As one analyst summed up: the real XRP rally may “depend on whales stepping in to fill the gap” left by exiting short-term holders [68] [69] – and so far, whales seem up to the task.
Broader Market Trends: Crypto Rally Cools Into November
XRP’s price action can’t be viewed in isolation – the entire crypto market saw explosive growth in 2025, with some cooling in late October. Early November trends for the big caps provide context for XRP’s performance:
- Bitcoin & Ethereum off highs: At the start of November, Bitcoin (BTC) is holding near $110,000 and Ethereum (ETH) trades around $3,900 [70]. Both are up dramatically year-to-date (BTC in particular breached six figures for the first time in 2025), but they’ve pulled back from recent peaks. CoinDesk notes there was a “significant decline over the past 30 days” across majors [71] – partially a healthy correction after a multi-month rally, and partially due to macro factors like U.S. Federal Reserve policy. In late October, a Fed-driven risk asset selloff triggered about $155 million in crypto long positions to liquidate in a week [72]. Even so, by early November market sentiment is stabilizing: traders have begun “slowly re-entering risk” after that shakeout, and no panic capitulation occurred [73] [74]. For altcoins like XRP, Bitcoin’s consolidation below all-time highs means there’s room to run if the market turns bullish again, but also the need to be cautious while the market sorts out its next direction.
 - Altcoins mixed, profit-taking evident: Many altcoins that surged in Q3 2025 saw profit-taking in October. XRP, for instance, hit a year-to-date high around $3.10–$3.20 (just shy of its 2018 record) during the early autumn rally, then retraced over 20% from that high. As of Nov 2, XRP at $2.52 was “down by over 30% from its YTD high” (yet still +83% from its January lows) [75] [76]. Other top alts like Solana (SOL) similarly boomed – SOL reached ~$240 with the tailwind of its own ETF launch, then slid to ~$180 – demonstrating that after such strong gains, the market is naturally cooling off.
 - Rotation into large-caps: Interestingly, some analysts see capital rotating back into Bitcoin and select large-caps in late 2025, as investors seek relative safety. BTC dominance ticked up slightly in the recent dip, though XRP managed to climb to the #3 crypto by market cap post-lawsuit [77] (surpassing BNB, and behind only BTC and ETH). XRP’s market cap around $150 billion in early November [78] reflects the market’s recognition of its improved standing. The upcoming ETFs and Ripple’s mainstream partnerships could further cement XRP’s position as a core holding, potentially inviting more institutional allocation compared to smaller altcoins.
 - Macro environment: The macro backdrop remains a wildcard. U.S. interest rates and economic signals have influenced crypto volatility. Notably, an unusual event in October – former President Donald Trump announcing a 100% tariff plan – caused shockwaves across risk assets and coincided with XRP’s flash crash from $2.77 to $1.64 on Oct 10 [79]. (That intraday 41% swing in XRP [80], one of the year’s widest, was exacerbated by liquidations but underscored how broader financial news can hit crypto sentiment.) By November, fears had eased as the Fed injected liquidity to stabilize markets [81] [82]. If macro conditions (interest rates, geopolitical events, etc.) remain relatively stable, crypto could resume its upward trajectory. On the flip side, traders will be watching central bank signals in case of any renewed tightening that could temporarily weigh on speculative assets like crypto.
 
Overall, the early-November crypto market is in a consolidation phase after a historic bull run through much of 2025. Bitcoin’s strength above $100k and Ether’s resilience near $4k provide a solid backdrop for altcoins. XRP historically tends to perform well during broad market uptrends (often with a lagging “altseason” surge). Importantly, November has often been XRP’s strongest month historically (average +88% gains) [83]. Last year (Nov 2024), XRP skyrocketed over 280%. Whether history repeats in Nov 2025 may depend on those fundamental catalysts (ETFs, etc.) aligning with a supportive market climate. If Bitcoin can stabilize or rally further, it could fuel a tailwind for XRP’s next leg up.
Outlook: Can XRP Rebound? Experts Weigh In on Future Value
Despite recent choppiness, analysts and crypto experts are actively debating XRP’s next move – with targets ranging from cautious near-term levels to exuberant new highs. Here’s a synthesis of the current outlook:
- Short-Term Technical Analysis: Market technicians emphasize that $2.50 is now a pivotal pivot level. As of Nov 3, XRP decisively fell below it, so former support becomes immediate resistance. Coindesk’s market analysis team warns that sustained closes below ~$2.49 could open the door to further downside (next support levels might be around $2.46 or even $2.30) [84]. Conversely, a “clean breakout above $2.55” would flip momentum back to bullish and target the $2.60s next [85]. Other chart watchers point to $2.60–$2.63 as a crucial demand zone – highlighted by the CEO of StealthX – which needs to hold to prevent a deeper correction [86]. If XRP can reclaim that zone and push higher, key resistance stands at ~$2.80–$2.81 [87], near the late-October highs. Above $2.81, the path would be clear to retest the $3.00-$3.10 region (the year’s high). Crypto.news analysts note a bullish pattern on the weekly chart (a “hammer” reversal candle off October’s low of $1.38) and see XRP still above its 100-week moving average [88] [89] – positive signs that the uptrend from early 2025 is intact despite recent pullbacks. They set an initial upside target at ~$3.12, which is a major technical pivot (the “ultimate resistance” on Murrey Math lines) about 25% above current prices [90].
 - Fundamental & Sentiment Factors: Many experts argue the fundamental bullish case for XRP remains strong. The combination of ETF-driven demand, institutional accumulation, and Ripple’s growing ecosystem support higher valuations over time. “The launch of XRP ETFs represents the final nail in the coffin of previous anti-crypto regulators,” said Nate Geraci, suggesting the asset’s regulatory acceptance will soon be unquestioned [91]. This could attract a wave of institutional capital that was previously sitting on the sidelines. Furthermore, if Evernorth’s IPO proceeds as planned, the prospect of billions of dollars specifically earmarked to buy XRP is unlike anything in XRP’s history – a structural demand that could underpin a substantial price appreciation in 2026 and beyond [92] [93]. On the flip side, a note of caution: until those catalysts materialize, current holder behavior is mixed. As mentioned, a lot of early investors took profit in October, which could limit explosive upside in the immediate term unless replaced by new buyers [94] [95]. If the ETF approvals were to face delays or any negative regulatory surprises occur, XRP might languish in the $2–$3 range longer as traders await confirmation.
 - Analyst Price Predictions: Forecasts for XRP’s price by year-end 2025 and into 2026 vary widely, reflecting both optimism and uncertainty:
- In September, market veteran CasiTrades turned heads by predicting XRP could rally to $4.50, which would mark a new all-time high (surpassing the ~$3.65 peak from 2018). She noted in an analysis that month that XRP had finally broken out of a multi-year consolidation and argued momentum was building for a “next leg up” after reclaiming $3 [96]. While that bullish call now requires XRP to nearly double from current levels, it’s not unfathomable if the ETF wave triggers another parabolic run.
 - More conservatively, some analysts see $3.50–$4.00 as a potential 2025 top if market conditions stay favorable. Technical indicator trends (RSI, MACD, etc.) that were flashing overbought in early fall have since reset to neutral [97] [98], which could support a renewed climb. Ali Martinez, a respected crypto chartist, points out that XRP is hovering just below a long-term descending trendline on the 3-day chart (dating back to 2018). “Below the red line is bearish; above is bullish,” he quipped – implying that a break above roughly $2.40-$2.50 on that macro trendline could confirm a bullish regime change and open the floodgates toward the mid-$3s [99] [100].
 - Some on-chain analysts focus on the idea of a supply crunch. If whales continue scooping up XRP and ETFs lock away chunks of supply, the price implications could be dramatic. Vincent Van Code, referencing the upcoming Evernorth IPO and ETF launches, suggested that the market has “not seen [a] supply shock yet” for XRP – implying current prices don’t yet reflect the scale of potential buying ahead [101]. He and others believe a scenario could emerge where demand overwhelms the exchange supply, causing a rapid price surge. In such a case, optimistic targets north of $5 or $10 get floated in the XRP community, though those remain speculative absent concrete triggers.
 
 - Skeptics’ view: Not everyone is fully bullish. A few analysts caution that macroeconomic headwinds or delays in ETF launches could hinder XRP’s rally. If, for instance, the U.S. government shutdown (which was ongoing as of early Nov) delays the SEC’s processing of ETF filings, the anticipated mid-November ETF “pop” might be pushed out [102] [103]. Additionally, XRP is already up significantly year-to-date; it may need a period of consolidation to build a base before any attempt at new highs. Profit-taking around $3 is likely given it’s a round number and near previous peaks. Traders might also rotate into Bitcoin or other alts short-term, which could keep XRP range-bound. The median of various analyst surveys points to XRP ending 2025 somewhere in the $2.50–$3.50 range – a wide window, reflecting dependence on those key catalysts playing out.
 
Bottom Line: XRP finds itself at a crossroads in early November 2025. The price of ~$2.40 reflects a recent pullback and cautious near-term sentiment, yet the horizon is lit up with potentially game-changing events – multiple ETF launches, unprecedented institutional buys, and growing real-world use cases via Ripple’s efforts. In the coming weeks, traders will be watching for any sign of a reversal around the $2.50 mark. A successful defense of support and positive news (say, an ETF approval or upbeat announcements at Swell) could quickly rekindle bullish momentum. As Bitcoin’s own rally shows signs of re-acceleration, high-beta assets like XRP could follow suit in a big way.
Even some measured voices are upbeat about XRP’s trajectory. After examining XRP’s strong recovery from the October flash crash, Brave New Coin analysts remarked that institutional bids quickly rebuilt and XRP entered a “power accumulation phase” reminiscent of past cycle take-offs [104] [105]. In their view, a decisive close above $3.05 would likely “trigger further upside”, with projections between $3.65 and $4.00 if momentum sustains [106]. That would put XRP near its historic peak. Beyond that, the long-term fundamental trend – increased integration of XRP in payment networks, more regulated investment vehicles, and diminishing sell-pressure – could set the stage for new records in the years ahead.
For now, XRP holders have reason to be excited but will need to stay vigilant. The price on November 3, 2025 may have shaken out some weak hands at $2.40, but it also sets the stage for potentially significant moves. With billions in capital eyeing XRP and experts split between short-term caution and long-term exuberance, the coming days of November could prove pivotal in determining whether XRP’s next target is a return to $2.00 or a leap toward $4.00. Keep an eye on that $2.55 breakout zone and the November 13 ETF decision – they just might define XRP’s course as 2025 draws to a close.
Sources:
- Investing.com – XRP/USD Historical Data (Daily) [107] (price, intraday high/low on Nov 3, 2025)
 - CoinDesk Markets – “XRP Chart Turns Neutral, Repeated $2.55 Rejections Define Next Breakout Zone” (Nov 3, 2025) [108] [109]
 - The Crypto Basic – “4,287 Buy Orders on Coinbase Amass 2.37M XRP By Single Entity” (Nov 3, 2025) [110] [111]
 - BeInCrypto – “What To Expect From XRP Price in November 2025” (Oct 31, 2025) [112] [113]
 - The Crypto Basic – “Popular ETF Analyst Gives New Timeline for First Spot XRP ETFs Launch” (Nov 3, 2025) [114] [115]
 - The Crypto Basic – “Here’s the Most Important Date for XRP Holders in Recent Years” (Nov 1, 2025) [116] [117]
 - Reuters – “SEC ends lawsuit against Ripple, company to pay $125 million fine” (Aug 8, 2025) [118] [119]
 - CoinDesk – “Ripple-Backed Firm Plans SPAC, Raising $1B to Create the Largest Public XRP Treasury” (Oct 20, 2025) [120] [121]
 - The Crypto Basic – “Billions Coming to Purchase XRP, Pundit Says You Haven’t Seen Supply Shock Yet” (Nov 2, 2025) [122] [123]
 - Crypto.News – “Top 2 Ripple news items that may impact the XRP price this week” (Nov 2, 2025) [124] [125]
 - Brave New Coin – “XRP Price Prediction: … $3 Breakout in Sight” (Oct 13, 2025) [126] [127]
 - The Crypto Basic – “Market Veteran Targets XRP Rally to $4.50…” (Sep 12, 2025) [128]
 
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