Ripple Price Prediction – Can XRP Go To $1 With Smart Contracts?

The Ripple price has increased by 1.1% in the past 24 hours. This is probably due to the former CEO of Ripple announcing that smart contracts will soon be added to the XRP Ledger.

Smart contracts are digital contracts on the blockchain that fall within certain guidelines and do not need to be operated by humans. Ethereum, Solana and Cardano, among others, use smart contracts.

This news could potentially boost the Ripple price and confirm the daily chart’s buy signal.

Ripple Expects Smart Contracts, Can Ripple Price Rise to $1 Before 2023?

The former CEO of Ripple, Matt Hamilton, has indicated that the XRP Ledger will soon be able to use smart contracts. The blockchain already has the potential for features such as fungible tokens, non-fungible tokens, escrow and decentralized exchanges, but smart contracts are still in development.

With smart contracts on the XRP Ledger, the Ripple blockchain can compete with Ethereum, Cardano and Solana and other similar networks. Due to its high transaction throughput, XRP will gain more utility.

Ripple is known for allowing cross-border transactions around the world using an On-Demand Liquidity (ODL) system. The majority of Ripple’s strategic partners are banks located in key regions around the world.

As Ripple’s utility increases, demand for XRP will also increase, creating the potential for a rally towards third place in the market, behind Bitcoin and Ethereum.

Ripple Price expects a possible year-end rally

Ripple price is above a high demand level, above $0.30. The cryptocurrency has been holding on to a support since June. After deviating from a bearish trend chart (dashed line) on the daily chart, Ripple has broken out of the sharp decline above this level.

Bulls are doing their best to get the Ripple price up just before Christmas, pushing it above $0.35. The Moving Average Convergence Divergence (MACD) chart provides a short-term buy signal.

Once the MACD chart rises above the red chart, traders can participate in XRP’s uptrend. If the chart rises above 0.0, it would mean that the bulls are in control of the Ripple price. The green histograms also play an important role in pointing to a positive outlook for the price.

XRP/USD daily chart
XRP/USD daily chart

Traders who do not want to take any risk should wait until the Ripple price falls past the descending trend chart. Still, for an uptrend, Ripple needs to break the second resistance of the 200-day exponential moving average (EMA) around $0.45. If the price breaks above, it can quickly fly to $1.

Ripple Price Depends on Lawsuit with SEC

Despite the positive technical indicators for the Ripple price, we have to wait for the outcome of Ripple’s lawsuit against the US Security and Exchange Commission (SEC), which will determine which way the Ripple price will go.

Both parties have submitted their final documents and the end of the trial is near. If Ripple wins, then this is a good sign for the XRP price, but if the SEC wins, the Ripple price could sink deeply.

Alternative cryptocurrencies for short-term profit

Ripple Price is targeting $1 while holding support near $0.35 for 6 months. Still, the outcome of the lawsuit against the SEC is the most important factor that will determine the future of Ripple’s price.

Because that result is not yet available, investors have started to look at new popular cryptocurrencies that can generate more profits in the short term. Presales in particular are currently very attractive, because in the presale you can buy crypto-tokens at a low price and make money the moment they are listed on the exchanges.

Below we have listed a number of pre-sale crypto tokens with strong fundamentals and utility that could change the future of the crypto sector.

FightOut (FGHT) – Presale is now live

FightOut (FGHT) is a fitness application and fitness chain that rewards users for completing one of several workouts, including boxing, weightlifting, and yoga. The platform operates on the Ethereum blockchain and expects to go live in the second quarter of 2023 and will use in-app and in-person training. The FightOut team plans to establish 20 gyms and partner with existing gyms.

The FightOut presale started about a week ago and already has raised more than $2.3 million. Currently you can buy 60.06 FGHT tokens for 1 USDT and you can get up to 50% extra tokens based on the number of tokens and earning period. This bonus is temporary and the price of tokens will increase in the next phase of the presale.

Dash 2 Trade (D2T) – final stage of Presale

Another platform on the Ethereum blockchain is Dash 2 Trade, a crypto trading platform that will help investors and traders make better choices in the cryptocurrency market with real-time analysis and trading information. The platform expects to go live in the first quarter of 2023 and will offer professional features to users.

Including a unique scoring system to assess pre-sales, a strategy back-testing tool, notifications of new cryptocurrency listings, social media sentiment analysis and signals for popular cryptocurrencies.

The presale of the native D2T token has already raised more than $10.5 million and will reach its deadline within 13 days, giving investors some time to buy tokens at an additional discount. After the presale, the token will be listed on Changelly Pro, BitMart and LBank Exchange, with the first listing taking place on January 11.

C+Charge (CCHG) – Pre-sale is now live

On the Binance Smart Chain, we have C+Charge (CCHG), a peer-to-peer crypto payment network for electric vehicle (EV) charging. The platform expects to go live in the second quarter of 2023 and will reward electric car drivers with CO2 credits for charging their vehicle at charging points on the C+Charge network.

The C+Charge team has already signed an agreement with Perfect Solutions Turkey to add 20% of the charging points in Turkey to the C+Charge network.

The native CCHG token is used as payment for charging an electric vehicle, and the tokens are currently on presale for $0.013 each. You can buy tokens with USDT or BNB.

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