{"id":19911,"date":"2023-06-08T08:35:16","date_gmt":"2023-06-08T12:35:16","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/xrp-price-prediction-as-2-billion-trading-volume-comes-in-can-xrp-hit-1-this-week\/"},"modified":"2023-06-08T08:35:18","modified_gmt":"2023-06-08T12:35:18","slug":"xrp-price-prediction-as-2-billion-trading-volume-comes-in-can-xrp-hit-1-this-week","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=19911","title":{"rendered":"XRP Price Prediction as $2 Billion Trading Volume Comes In \u2013 Can XRP Hit $1 This Week?"},"content":{"rendered":"
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The XRP price has dipped today to $0.521650, representing a drop of 1% as the cryptocurrency market as a whole also falls in the past 24 hours.<\/p>\n

However, XRP remains up by 3% in a week and by 22% in the last 30 days, with the altcoin also seeing its 24-hour trading volume remain close to the $2 billion level.<\/p>\n

XRP’s recent performance stands in contrast to much of the wider market, which has been badly affected by the SEC’s legal actions against Coinbase and Binance.<\/p>\n

But with observers expecting a Ripple victory in its own case against the securities regulator, XRP could be on the brink of much bigger gains soon.<\/p>\n

XRP Price Prediction as $2 Billion Trading Volume Comes In \u2013 Can XRP Hit $1 This Week?<\/strong><\/h2>\n

XRP’s indicators are in a very positive position, with the altcoin actually up a little in the past hour, despite the 24-hour dip.<\/p>\n

XRP’s relative strength index (purple) has crept over 50 in the past few days, as it recovers from the market-wide impact of the SEC’s latest enforcement actions.<\/p>\n

This indicates some recovering momentum, as does XRP’s 30-day moving average (yellow), which still remains elevated above its 200-day average (blue) and therefore suggests that the altcoin is likelier to continue rising in the near term.<\/p>\n

Even more encouragingly, XRP’s support level (green) has also been rising since late May, forming a pennant with its resistance level (red) that may result in a breakout.<\/p>\n

And as noted above, there’s every reason to believe that XRP could enjoy a major breakout in the not-too distant future.<\/p>\n

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The main reason for this is that the Ripple-SEC case is expected to conclude soon, with most experts withn the industry expecting the result to be a largely positive one for Ripple.<\/p>\n

There are numerous recent developments which strengthen the argument that Ripple will secure a more or less favorable judgment, including last week’s revelation that the SEC had previously received legal advice that XRP is not <\/i>a security<\/a>.\u00a0<\/p>\n

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Then there’s the court excluding an expert witness the SEC had called upon to help demonstrate that XRP buyers had formed a realistic expectation of profit, as well as the earlier ruling that Ripple could use a fair notice defense.\u00a0<\/p>\n

Taken together, such developments have heightened the sense that Ripple has done a good job in raising its chances of success.<\/p>\n

Just as encouragingly, Ripple has also been able to grow its business in the past couple of years, even with the case casting a shadow over it.<\/p>\n

Its recent financial reports have revealed healthy sales of XRP as part of its cross-border payment services, which have expanded into new countries and markets in recent months.<\/p>\n

For this reason, a positive ruling could really see Ripple’s business take off in the following months.<\/p>\n

And with it, XRP may rally impressively, rising to $1 in the weeks following a conclusion and potentially hitting $2 by the time the year ends.<\/p>\n

Buy XRP Now<\/strong><\/p>\n

Fresh Altcoins, Fresh Rallies<\/strong><\/h2>\n

As promising as Ripple’s situation seems, it may still have to wait a few more months for a decision in its case, which obviously isn’t guaranteed to end well for it.<\/p>\n

Because of this, it may be advisable for traders to diversify into other altcoins, particularly newer ones that show promise and haven’t yet enjoyed any major breakthrough rallies.<\/p>\n

A good example of such a cryptocurrency is ecoterra, an Ethereum-based recycle-to-earn platform that has raised over $4.8 million in the presale for its ECOTERRA token.<\/p>\n

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Ecoterra’s platform is due to launch later in the year, and it will reward users for recycling household waste at participating recycling points.<\/p>\n

Such rewards will come in the form of ECOTERRA and non-fungible tokens, which can be resold by holders in order to earn a potential profit.<\/p>\n

The platform will also incorporate a rewards system for users who provide proof of using renewable energy, while it will also include its own marketplace for NFT-based carbon credits.<\/p>\n

Investors can buy into this promising ecosystem now by going to the official ecoterra website and connecting their software wallets.\u00a0<\/p>\n

1 ECOTERRA currently costs $0.00925, while it will climb to $0.01 in a little over 20 days, when it enters the next stage of its sale.\u00a0<\/p>\n

Visit ecoterra Here<\/strong><\/p>\n<\/p><\/div>\n