{"id":14613,"date":"2023-05-27T10:45:13","date_gmt":"2023-05-27T14:45:13","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/xrp-price-prediction-up-1-47-to-0-47-can-it-reach-1-wall-street-memes-pumps-to-500k\/"},"modified":"2023-05-27T10:45:14","modified_gmt":"2023-05-27T14:45:14","slug":"xrp-price-prediction-up-1-47-to-0-47-can-it-reach-1-wall-street-memes-pumps-to-500k","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=14613","title":{"rendered":"XRP Price Prediction – Up 1.47% to $0.47, Can It Reach $1? Wall Street Memes Pumps to $500k"},"content":{"rendered":"
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Ripple’s XRP is one of the digital assets that has recorded a positive outcome in the crypto market.\u00a0<\/p>\n

So far, the cross-border token has pumped 1.47%, spurring questions on whether it could hit the $1 price peg anytime soon.\u00a0<\/p>\n

Given the time $XRP has spent below the single dollar price point, this can seem far-fetched in the short term.\u00a0<\/p>\n

However, in the event that it gets a favorable ruling in its ongoing legal standoff with the US Securities and Exchange Commission (SEC), $XRP could be on a significant climb to its previous record high.<\/p>\n

For now, other promising coins are posting significant profits for investors.\u00a0<\/p>\n

One such is the Wall Street Memes, which debuted less than 72 hours ago.\u00a0<\/p>\n

So far, it has hit $500k in its presale raise, showing tremendous interest in the newly launched project.<\/p>\n

XRP’s Rally a Reflection of Broader Market Turnaround<\/h2>\n

The crypto market has been on a bearish streak following a series of macro events beyond its control.\u00a0<\/p>\n

For instance, the US dollar has continued to strengthen its position, which has had an adverse impact on crypto’s foremost mover Bitcoin.\u00a0<\/p>\n

In the simplest terms, a strong dollar often leads to a weakening of the BTC price, pushing the emerging industry from a $1.25 trillion market valuation in April and early May 2023 rise to below $1.10 trillion 24 hours earlier.<\/p>\n

Now, the crypto market has shown its resilience once more and has retouched the $1.12 trillion, reflecting a 0.76% increase overall.\u00a0<\/p>\n

Bitcoin has rallied 0.88%, but one of the high-achievers in this new segment of the crypto bull run is the $XRP token.<\/p>\n

The remittance-focused project has grossed 1.47% in a recovering market and hit a month’s high of $0.47.\u00a0<\/p>\n

Its seven-day performance is also in the green zone, with a neat 1.09% recorded so far.\u00a0<\/p>\n

The longer-term prospect shows that $XRP has rallied 2.32% in the last 30 days and 25.03% in the last 90 days. Its bullish streak does not stop here, though, as it has jumped 19.29% in the last 180 days.<\/p>\n

The token’s year-to-date (YTD) price performance stands at an impressive 39.42% and 20.5% in the last year.\u00a0<\/p>\n

The $XRP asset has been one of the most tenacious coins, given its legal troubles with US authorities.\u00a0<\/p>\n

This bullish rally is a win for the project, as it has weathered numerous legal storms since December 2020 and is still profitable.\u00a0<\/p>\n

On its technical front, $ XRP’s 50-day simple moving average (SMA) price is on par with its current price showing a strong short-term base investors can rely on.\u00a0<\/p>\n

However, its 200-day SMA is more bullish, as its price is $0.4149.\u00a0<\/p>\n

On its relative strength index (RSI), $XRP has a figure of 56.56 and is climbing by the hour, meaning it is slowly rising above the underbought region.\u00a0<\/p>\n

Its moving average convergence divergence (MACD) further accentuates a bullish signal as its blue trendline is leading the charge.<\/p>\n

XRP Marching on Despite Legal Issues<\/h2>\n

In the last two and a half years, the creators of $XRP have continued diversifying the token’s and network’s use cases.\u00a0<\/p>\n

So far, they have launched a central bank digital currency (CBDC) and are actively exploiting the protocol as a hub for making native non-fungible tokens (NFTs).\u00a0<\/p>\n

Nonetheless, the Ripple team has also looked to consolidate its position in the crypto space, especially in the European landscape.<\/p>\n

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Accordingly, the remittance and cross-border solution have recently acquired a major stake in Europe’s second-largest crypto exchange Bitstamp.<\/p>\n

Ripple president Monica Long says the initiative stems from the company’s focus on going beyond payments in the long term.\u00a0<\/p>\n

Also, more world governments are turning to the XRPLedger network as the most viable option for cross-border transaction settlement.\u00a0<\/p>\n

One such is the Russian Federation, which recently earmarked $XRP as the best means to send and receive funds from other regions after it was cut off from the SWIFT network following its aggression in Ukraine.<\/p>\n

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While this might seem contrary to US interest, the XRP network is largely open source meaning anyone can use it for payments.\u00a0<\/p>\n

Nonetheless, a new crypto project is churning the crypto waters following its meteoric rise to fame.\u00a0<\/p>\n

WSM Hits $500k Less Than 72 Hours<\/h2>\n

The COVID-19 pandemic served as a global reset for many industries. Looking back, the financial landscape has been the most changed, with new sectors getting a new lease on life.\u00a0<\/p>\n

One such is the GameStop fiasco of 2021 which saw retail investors stand up to institutional buyers and buy up shares of struggling companies.\u00a0<\/p>\n

In the end, many investors were able to make millions off this short-term paradigm shift, which led to the creation of the meme stocks and movement.\u00a0<\/p>\n

The Wall Street Memes ($WSM) was created from that event. According to the team behind the decentralized project, WSM is the ultimate expression of the internet’s triumph over rampant greed in the world.\u00a0<\/p>\n

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The platform features different memes used on social media to depict their emotions and communicate their belief systems.\u00a0<\/p>\n

The WSM community is an existing 1 million strong member base with a track record of selling out their first NFT collection, Wall St Bulls, in 32 minutes in 2021.\u00a0<\/p>\n

This makes it a viral sensation in the meme coin landscape.<\/p>\n

Additionally, Twitter founder Elon Musk has been involved with the WSM project, making it a legit meme coin investors should jump into.<\/p>\n

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Musk’s interaction with the project will automatically guarantee it will become the next big thing in the meme space once it launches on a tier-1 exchange like Binance in the coming weeks, just like $PEPE and $SPONGE.<\/p>\n

At press time, the project is currently on track for its first round of presale and has already clocked in a significant sum of over $500,000.\u00a0<\/p>\n

Early bird investors can grab the $WSM token at a current presale price of $0.0253 before it climbs to $0.0256.<\/p>\n

Visit Wall Street Memes Here<\/p>\n<\/p><\/div>\n