XRP Price Drops 4.01% after Unlocking 1 Billion Tokens and Latest News on XRP ETF

There has been a lot of news about XRP these past few days, from Bitwise's XRP ETF application, support from a major Turkish bank, to the unlocking of 1 billion XRP tokens. How does this affect the price of XRP? Here's the explanation.

There is various news about XRP at the moment, starting from the routine token unlock at the beginning of every month, support from large Turkish banks, to updates to the XRP ETF. However, of these three pieces of news that should be encouraging, XRP price decreased.

How could this happen? Is this decline significant enough and could it affect the price of XRP in the future?

XRP News This Week: from Delaware to Dubai

Good news for XRP token holders. The reason is, at the end of last September, the second largest bank in Türkiye officially provided support for XRP. The bank is called Garanti BBVA.

Since this news dropped, various predictions regarding the price of Ripple XRP have occurred. EGRAG, a leading crypto analyst, predicts that the price of XRP could rise up to 10,000% with a possible decline of only 72%.

In addition to support from major Turkish banks, on October 1, Ripple also received principal financial services license approval in Dubai. That way, Ripple can more easily offer crypto payment services in the UAE area.

On the same date, as a routine ritual that XRP usually carries out, a large number of tokens were unlocked. XRP unlocked 1,000,000,000 tokens with a value of more than $560 million.

In terms of the XRP ETF, which has attracted attention since the first news appeared, now there have also been developments. Bitwise has officially stated in the filing of an XRP ETF application in the state of Delaware. This application was leaked to the media when the Delaware State Division of Corporations website listed this application on September 30.

Current XRP Price Chart

With the various good news about XRP above, the price of XRP has decreased. Currently, XRP is trading at $0.6019 with a trade of 4.01%. However, in the last 24 hours, XRP touched its highest price, namely $0.6342.

Further analysis according to the image in the XRP price chart taken from the Bitrue market above, currently the RSI value of

With a greater buying trend, it is only natural that the price of XRP experiences a decline. The MACD indicator also explains things in harmony as the descending line crosses the boundary line. If it goes down further, an XRP bearish trend will occur.

Conclusion

What do you think? Will the Ripple ETF's journey be smoother than the BTC ETF and ETH ETF which are full of twists and turns? And can the XRP price stabilize and then touch the resistance price?

You can get various latest XRP news updates by accessing the Bitrue website. At Bitrue, you can even get access to various features so you can do in-depth research and get further consideration when you want to buy XRP tokens.

You can even check prices XRP to USD on the Bitrue website. That way, you don't need to change websites because Bitrue has many features that you can use for free!

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This press release has also been published on VRITIMES

How Will Iran's Attack on Israel Impact Bitcoin Prices? Here's the Explanation

  

On October 1, Iran launched an attack on Israel with 180 missiles. The attack caused the majority of crypto token prices to fall. So, what about the price of Bitcoin? Here's the explanation.

Recently, the world has heated up again due to Iran's attack on Israel. This conflict causes various investment instruments to experience price changes. Specifically, gold increased along with rising oil prices due to the conflict in the Middle East. So, what impact will Iran's attack on Israel have on Bitcoin price?

You can see the development of Bitcoin prices after Iran attacks Israel and what the condition of the token price is now in this article. Read the detailed explanation until the end of the article.

Impact of Iran's Attack on Israel on Bitcoin Prices

October has just begun and the world already seems chaotic. This was due to 180 Iranian ballistic and hypersonic missile attacks on Israel on Tuesday, October 1. Just after this attack, the crypto ecosystem immediately reacted. Almost all crypto tokens are colored “red” in response to tensions between the two countries.

This price decline was also experienced by BTC. Bitcoin prices fell quite drastically with a percentage decline in the range of 2-3%. In fact, on September 30 Bitcoin touched $65,000 after experiencing a long decline.

It is reported that BTC will also experience an increase in October after feeling it in September. However, due to the Iran-Israel conflict, these hopes were dashed.

Bitcoin and Its Response to World Conflict

Bitcoin does have an unfavorable trend in its response to world conflicts. Bitcoin tends to experience a decline when conflicts between countries arise.

As during the conflict between Russia and Ukraine in 2022, Bitcoin even experienced a decline of up to 7.9% and the price plunged below $35,000. Bitcoin even had a negative impact during the geopolitical conflict between the United States and China in 2018 and 2020.

However, Bitcoin once gave a positive response, namely when North Korea conducted a nuclear test in 2017. At that time, the price of Bitcoin soared with a continuous upward trend.

Current Bitcoin Price Chart

At the moment, harga BTC to USDT indeed experienced an increase of 1.16%. Although the price is still below $63,000, the increase is quite encouraging. The BTC token RSI indicator shows a number above 50, which means that currently, the buying trend is slightly dominating over the selling trend.

The positive Bitcoin RSI number is also reflected in the MACD line. It can be seen that the BTC MACD indicator is trying to rise above its limit line. This means that if the line continues to hold and is sustainable in its increase, a BTC bullish trend will occur and the price of Bitcoin will experience a sustainable increase.

Conclusion

The explanation of the impact of Iran's attack on Israel on Bitcoin prices has reached its end. Even though it is enough to make the majority of investors worry and temporarily switch to traditional investment instruments, Bitcoin's price is showing its strength again.

It is best to watch out for the high volatility of crypto tokens both positively and negatively. This is why we must conduct in-depth research when investing in the crypto ecosystem.

If you are currently doing independent research on Bitcoin to find out what its current condition is, Bitrue can help you. Bitrue has various features that you can use for independent research, starting from checking prices in real-time, finding out price conversions from BTC to USD, to articles that you can check to find out about current developments in crypto trends.

That way, you will understand about how to buy Bitcoin overall. Also, adjust your financial capabilities in determining how you invest in BTC and other crypto tokens.

About Bitrue

Bitrue is a leading cryptocurrency exchange, offering a wide range of digital assets, innovative features, and user-focused services. Founded with the mission to empower the world’s crypto enthusiasts, Bitrue continues to expand its platform with new products, events, and opportunities for users worldwide.

This Press Release has also been published on VRITIMES

A Celebration of Community and Creativity at Canon PhotoMarathon 2024

  

The event attracted over 500 participants from all walks of life.

Canon Singapore Pte. Ltd. (Canon Singapore) announced the successful return of its iconic Canon PhotoMarathon as it welcomed over 500 photography enthusiasts at the event, held at Fountain Square @ Clarke Quay.

This year’s theme, “Every Lens, Every Age”, celebrated the diversity and creativity of the participants who captured Singapore’s beauty with their own unique perspectives. With two-hour submission windows assigned to each theme, the competition offered a dynamic and challenging experience, pushing photographers to think on their feet and produce one-of-a-kind visual stories. The three themes under both Open and Student Categories were Harmony, Clarity, and Wonder/Wander.

“It is exciting to see Canon PhotoMarathon back in action, and the creativity on display today is truly remarkable. We hope that this experience has given the participants memories that will last a lifetime. Our heartfelt thanks go to all participants, sponsors, and supporters for making this event a resounding success,” says Mr. Andrew Koh, Vice President and Head of Singapore Operations Group, Canon Singapore.

Empowering Photographers with Equal Opportunities

Canon proudly continues its long-standing partnership with APSN, a social service agency dedicated to providing special education, vocational training, and employment support for individuals with mild intellectual disabilities, at this year’s Canon PhotoMarathon 2024. In an exciting first, APSN beneficiaries participated in the student category, showcasing their eagerness to test and refine their photography skills. For Theme 1, ‘Harmony’, APSN Katong School student Zul Nuriman emerged as the winner of the second prize.

Since 2006, Canon has collaborated with APSN to foster equal opportunities for aspiring photographers. This partnership has included the provision of camera and lens equipment, the organisation of photo outings with staff volunteers, and photography workshops designed to boost confidence and spark creativity among APSN students. Through this meaningful collaboration, Canon seeks to unite individuals through photography — a universal art form that knows no boundaries.

Check out the full press release and all the winning entries here, each telling a unique visual story.

For more details on Canon PhotoMarathon 2024, please visit the Canon PhotoMarathon website, Facebook, and Instagram.

-END-

About Canon Singapore Pte. Ltd.

Canon is a global leader in photographic and digital imaging solutions. Canon Singapore Pte. Ltd. is the headquarters for South & Southeast Asia driving sales, marketing and service strategies.

Besides handling the domestic market, the company covers 22 other countries and regions including subsidiaries in India, Malaysia, Thailand and Vietnam. The parent company Canon Inc. has a global network of more than 300 companies and employs about 169,000 people worldwide. Canon is guided by its kyosei philosophy that focuses on living and working together for the common good.

More information is available at https://sg.canon.

This Press Release has also been published on VRITIMES

Companies, Stop Aiming for a Complaint-free Record

 

Your customers' complaints could be the goldmine you’re overlooking.

“We want zero complaints,” says every company in the world. But what if complaints are the secret competitive advantage your business needs?

"Complaints offer an intimate way of understanding your business through the eyes of your customers," Dr. Janelle Barlow, President of All Out Performance and author of A Complaint is a Gift, said during her talk, Turning Critics into Advocates hosted by Management Strategies on September 23, 2024, at Discovery Primea, Makati. The event explored a radical idea: complaints can be your greatest source of insight and revenue, if only companies dared to listen.

And listen they did. Senior management who attended the event came from private foundations, telecommunications, finance, real estate and hospitality industries.

Silence is worse

If complaints aren’t bad news for companies, why don’t more customers speak up?

Many don’t think anything will get done, or the situation could worsen further. Dr. Barlow shared an anecdote about people being afraid to complain to their doctors, worrying that voicing their concerns might lead to worse treatment.

The same logic applies in business: silence from customers can be far more dangerous than complaints. These are the customers who simply walk away–the 50% you’ll never see again.

But, here's the twist: 60-70% of customers who have their complaints resolved satisfactorily go on to buy five times more than they initially would have.

"If you solve their concerns instead of over-apologizing, they’ll actually come back to repurchase five times more,” Dr. Barlow said. “This is the power of complaint handling in the language of revenue and results.”

Everyone owns the complaint

Only 1 in 10,000 written complaints ever make their way to senior management. In the US, companies are losing 1 trillion dollars due to poor complaint handling.  

Dr. Barlow emphasized the need to break down silos. Businesses must instead foster a culture where everyone feels responsible for addressing customer concerns.  

Too often, companies are laser-focused on acquiring new customers, missing the retention goldmine. 

Retaining existing customers is significantly cheaper than attracting new ones. And the rewards are exponential. A small increase in retention can lead to a dramatic uptick in profits.

“Most companies spend half of their revenue attracting new customers,” Dr. Barlow revealed. “But retaining even just 5% of your customers can lead to up to 95% profit increase.”

Turning critics into advocates

So what can businesses do in face of complaints? Dr. Barlow suggests three power tools that will turn even the worst critics into staunch advocates.

First, widen your customers’ tolerance zone. “When customers feel understood and valued, they are far more forgiving,” Dr. Barlow explained. A little friendliness and empathy go a long way in easing tensions and getting customers on your side. Instead of reacting defensively, aim to create an environment where your customers feel heard. 

Next, speed. “Above all, what customers want from service is responsiveness,” Dr. Barlow emphasized. Quick resolutions show that you value their time and concerns. When you act swiftly, you not only diffuse anger but also demonstrate your company’s commitment to resolving problems. 

Big data can speed up resolution. “Access to every data point can address the root cause of customer complaints and understand them beyond face value.”

Finally, fairness is more important than you realize. Customers aren’t just looking for their problem to be solved—they want it handled fairly. When your solution feels balanced and just, customers are more likely to leave with a positive impression, even if things didn’t start off smoothly. 

Behind every complaint is a gift. The question is: Are you ready to unwrap it?

About MANAGEMENT STRATEGIES

Management Strategies is a global consulting firm specializing in culture building and organizational transformation.

Today, with over 50 passionate consultants and coaches worldwide, the company continues to focus on bringing out the best in people and activating their purpose and strengths. For more information on the company and their services, visit their website at www.mgtstrat-asia.com

This press release has also been published on VRITIMES