{"id":21417,"date":"2023-06-12T05:47:01","date_gmt":"2023-06-12T09:47:01","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/xrp-price-prediction-as-1-billion-trading-volume-comes-in-can-xrp-10x-from-here\/"},"modified":"2023-06-12T05:47:02","modified_gmt":"2023-06-12T09:47:02","slug":"xrp-price-prediction-as-1-billion-trading-volume-comes-in-can-xrp-10x-from-here","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=21417","title":{"rendered":"XRP Price Prediction as $1 Billion Trading Volume Comes In \u2013 Can XRP 10x From Here?"},"content":{"rendered":"
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The XRP price has risen by 1% in the past 24 hours, recovering to $0.516186 after a weekend in which the exit of market makers from Binance caused altcoin prices to fall by more than 25%.<\/p>\n

XRP is now down by 3.5% in the past week but still up by 20% in the last 30 days, with the altcoin having risen by 51% since the beginning of the year.<\/p>\n

While the SEC’s actions against Binance and Coinbase have left the market unstable at the moment, XRP is in a stronger position than most other alts, because Ripple’s own case with the SEC is due to end in the next few months.<\/p>\n

And if this case ends positively for Ripple (which many observers expect it will), then XRP could rally massively in the following weeks.<\/p>\n

XRP Price Prediction as $1 Billion Trading Volume Comes In \u2013 Can XRP 10x From Here?<\/strong><\/h2>\n

XRP’s chart makes for more positive reading than the charts of many other alts, even if its indicators are in a mixed position at the moment.<\/p>\n

Its relative strength index (purple) has picked up again to 50, after spending the weekend very close to 30, which is indicative of overselling.<\/p>\n

This suggests that XRP is regaining a little of its former momentum, although its 30-day moving average (yellow) has begun sliding downwards after the weekend’s troubles, something which can signal further losses to come.<\/p>\n

Still, XRP’s support level (green) has actually risen in the medium term, providing some degree of reassurance that the altcoin isn’t likely to fall much lower than it did on Saturday.<\/p>\n

And looking at XRP’s own particular situation and fundamentals, it’s well-positioned to weather the SEC- and Binance-related fallout and enjoy additional gains in the not-too distant future.\u00a0<\/p>\n

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As we’ve noted on numerous occasions in the past few weeks, developments in the Ripple-SEC case have largely been very positive for Ripple, hinting that it may see a result that benefits its.<\/p>\n

For one, emails were submitted to the court in the past couple of weeks that revealed the SEC had received legal opinion that XRP was not <\/i>a security<\/a>, a revelation which undermines the regulator’s argument that Ripple had sufficient fair warning of a probable legal action.<\/p>\n

Ripple has also seen a number of other positive developments in the past few months, including the court excluding an expert witness called by the SEC<\/a>, while also denying the regulator’s demands to exclude Ripple’s own witnesses<\/a>.<\/p>\n

Because of this, there’s a real sense that Ripple has a good chance of securing the kind of judgment or settlement that enables it to continue as a business, and which enables exchanges to list XRP.<\/p>\n

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This would be massive for XRP, which would likely see a big rally in the weeks following a judgment.<\/p>\n

It could quite conceivably rise from its current level of about $0.51 to $1 in the shorter term, while seeing a big, longer term rally to $5 during the next bull market.<\/p>\n

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

Diversifying With New Alts<\/strong><\/h2>\n

There’s no doubt that XRP will surge if Ripple gets something close enough to a win, yet such an outcome certainly isn’t guaranteed.<\/p>\n

For this reason, investors may be advised to diversify their portfolios into newer altcoins, which don’t have legal actions hanging over them and which haven’t yet seen big rallies.<\/p>\n

Presale tokens in particilar hold out the potential for big gains, seeing as how sales end with the corresponding coin listing on exchanges.<\/p>\n

Possibly one of the most promising presale tokens in the market right now is Wall Street Memes (WSM), a new altcoin allied with the meme stocks movement, which was famously responsible for the 2021 GameStop and AMC rallies.<\/p>\n

Wall Street Memes launched the presale for its WSM token a few weeks ago, and has already raised more than $6.2 million.<\/p>\n

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This shows how much interest it has already generated, and while it is a meme token without any substantial utility, it appears to already boast a strong following and community, which is vital for supporting its price in the long run.<\/p>\n

Its Twitter has more than 229,000 followers<\/a>, which again shows its ability to attract the cryptocurrency community.<\/p>\n

With its presale currently in its 12th stage, 1 WSM now costs $0.0283, although this price will rise to $0.03370000 by the time the 30th and final stage begins.<\/p>\n

Investors can join the presale by visiting the official Wall Street Memes website and connecting their crypto wallets.<\/p>\n

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The presale is due to end in the next couple of months, at which point WSM will list on exchanges, potentially earning its early investors a significant profit.<\/p>\n

Visit Wall Street Memes Now<\/strong><\/p>\n<\/p><\/div>\n