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XRP price expectation points to a subtle rise, Ripple is up 0.4% in the past 24 hours to $0.378725. The altcoin has risen 14% in the past 2 weeks, but is down 16% in the past 30 days, partly due to the FTX crash that rocked the cryptocurrency market.
The price of XRP is also affected by developments in the current litigation with the SEC. The cryptocurrency fell several weeks ago after LBRY lost a similar lawsuit. Nevertheless, the case appears to have a positive outcome for Ripple after requesting 14 favorable amicus briefs in the past week.
XRP Price Prediction – Trading Volume Pushes $1 Billion – Ripple To $3 This Year?
Currently, XRP’s trading volume in the last 24 hours is at $1 billion, up from $3.5 billion earlier this month before the FTX crypto exchange crash. This indicates a decrease in volatility, which can be positive or negative depending on how you view the current market.
The technical indicators in the price chart show a mixed picture. The Relative Strength Index (RSI) has moved above 30 and is now at 45, indicating a slight recovery in momentum and interest in Ripple.
Still, the 30-day moving average (red line) has moved below the 200-day moving average (blue line). A crossover would point to further declines, especially as trading volume – which is based on investor interest – also declines.
The problems with the FTX crash only seem to be getting worse, which also makes the situation more difficult for Ripple. Digital Currency Group has also announced that it owes $575 million to cryptocurrency firm Genesis Trading, which is owned by DCG and may face bankruptcy in the coming days.
This news could cause further declines in the global cryptocurrency market as well as Ripple and persuade investors to sell.
Nevertheless, XRP has risen in the past week. This is partly because Ripple requested 14 amicus briefs while the SEC only had 1.
This gives Ripple a better chance of winning the lawsuit against the US regulator, which has dragged on for nearly two years and entered its final phase when both sides filed for summary judgment in September.
Furthermore, Ripple has made other positive progress in the litigation. In March, Ripple’s right to equitable defense was secured, meaning Ripple can show that the SEC failed to properly warn XRP.
The same court ruled in January that Ripple should have access to documents and emails related to the speech of former SEC Chairman William Hinman in 2018.
For example, the news for XRP remains positive, but we will have to wait and see what the rest of the market does for now to get through this difficult period. XRP could rise sharply if Ripple wins the lawsuit, and $3 remains a long-term target for the altcoin.
Opportunities for faster profits
As the lawsuit continues and the market tries to recover from the FTX crash, traders and investors are looking to pre-sell crypto projects that do not need to win a lawsuit to become profitable.
For example, Tamadoge (TAMA), one of the newest metaverse memecoins, saw impressive gains after being added to the OKX Exchange in October, rising 1,800% from its pre-sale value.
The three cryptocurrencies below have the potential to make similar gains at the end of the presale, and each of these coins has strong fundamentals to be profitable in both the short and long term.
Dash 2 Trade (D2T)
Dash 2 Trade is a trading intelligence platform based on the Ethereum blockchain that provides investors with real-time analytics and social trading data that can help them make better investment choices.
The native token, D2T, has already raised nearly $7 million in pre-sale and the platform expects to go live in Q1 2023. Dash 2 Trade also announced that D2T will be added post-presale on LBank Exchange and BitMart. This ensures that investors have a great chance to make good gains with D2T.
Visit the Dash 2 Trade Presale
Robot Era (TARO)
RobotEra (TARO) is a sandbox metaverse game that will begin its alpha testing phase in the 1st quarter of 2023. Players can play on the platform as robots and participate in the creation of a virtual world with estates, buildings and other objects based on non- fungible tokens (NFTs).
The original TARO token currently has a value of 0.020 USDT (You can buy it with ETH and USDT), but this price will increase to 0.025 USDT in the second phase of the presale, which will start soon.
Visit the RobotEra Presale
IMPT, another platform on the Ethereum blockchain, is a carbon credit marketplace and retail platform that aims to reward customers with NFT footprints for trading on their platform with climate-friendly retailers. These footprints can be traded or destroyed to increase the user’s IMPT.io score, which reflects the user’s impact on the planet.
Since the presale started in October, IMPT has already raised over $13.1 million and IMPT is currently valued at $0.023 per token.
Visit the IMPT presale