{"id":23381,"date":"2023-06-16T06:14:08","date_gmt":"2023-06-16T10:14:08","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/xrp-price-prediction-as-crypto-prices-bounce-from-recent-bottom-is-the-sell-off-over-now\/"},"modified":"2023-06-16T06:14:10","modified_gmt":"2023-06-16T10:14:10","slug":"xrp-price-prediction-as-crypto-prices-bounce-from-recent-bottom-is-the-sell-off-over-now","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=23381","title":{"rendered":"XRP Price Prediction as Crypto Prices Bounce From Recent Bottom \u2013 Is the Sell-Off Over Now?"},"content":{"rendered":"
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The XRP price has gained by 1% in the past 24 hours, climbing to $0.478546 as the cryptocurrency market recovers a little from its losses earlier in the week.<\/p>\n

While XRP remains down by 8% in the last seven days, it’s up by 6.5% in the last 30 and has risen by 40% since the beginning of the year.<\/p>\n

This growth is largely the result of increasingly positive expectations surrounding Ripple’s long-running case with the SEC, with the recent publication of the Hinman emails increasing positivity even further.<\/p>\n

And with there being a real chance of Ripple securing a favorable outcome, XRP’s recent dips could mean that investors who buy now may be in for a big return in the not-too distant future.<\/p>\n

XRP Price Prediction as Crypto Prices Bounce From Recent Bottom \u2013 Is the Sell-Off Over Now?<\/strong><\/h2>\n

XRP’s chart and indicators remain a little confused at the moment, given that the altcoin has recently been pulled between positive Ripple news and the SEC’s regulatory assault on Coinbase and Binance.<\/p>\n

Its relative strength index (purple) has begun sliding down again after a very modest return to 40 yesterday, signalling that the coin may fall a little lower before recovering.<\/p>\n

It’s much the same with its 30-day moving average (yellow), which is on course to fall below its 200-day average (blue), thereby forming a ‘death cross’ that can indicate further losses.<\/p>\n

On the other hand, XRP’s support level (green) has increased slightly in the past couple of days, with the altcoin defending the $0.470 level.<\/p>\n

And in terms of the bigger picture, XRP’s position remains pretty good, with the market increasingly coming to expect something close to a Ripple victory in the latter’s case with the SEC.<\/p>\n

Indeed, up until the regulator’s enforcement actions against Binance and Coinbase, XRP was riding very high on the basis of positive sentiment with regards to Ripple, with the coin rising as high $0.560 on Tuesday.<\/p>\n

There’s no reason why it can’t enjoy similar gains in the next few weeks, especially if Ripple emerges victorious.<\/p>\n

Expert opinion is increasingly believing that it will indeed secure a positive outcome, with the release of the aforementioned Hinman emails this week strengthening Ripple’s case.<\/p>\n

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In particular, internal SEC discussion surrounding the 2018 Hinman speech — in which Hinman declared that Bitcoin and Ethereum were not securities — reveals that the regulator feared the speech would ‘confuse’ the issue of which cryptocurrencies are (or are not) securities.<\/p>\n

This strengthens Ripple’s claim that it didn’t receive fair notice of the possibility of the SEC prosecuting XRP as a security.<\/p>\n

As such, the market seems to think that Ripple could secure a positive summary judgment or settlement, enabling it to continue its business as before and also enabling exchanges to list XRP.<\/p>\n

If so, XRP could easily reach $1 in the weeks following the case’s conclusion, with the end of the year potentially bringing it to $2, especially if the market returns to more bullish conditions.<\/p>\n

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

Other Altcoins with High Potential<\/strong><\/h2>\n

Despite Ripple’s recent progress, the case may still not end for several weeks or even months, so XRP holders will have to remain patient.<\/p>\n

In the meantime, less patient traders may be interested in diversify into newer altcoins and presale tokens that show the potential for big rallies in the nearer term.<\/p>\n

One of the biggest presale tokens right now is Wall Street Memes (WSM), a new altcoin emerging in the meme stocks movement, which was infamously responsible for the 2021 GameStop and AMC rallies.<\/p>\n

Wall Street Memes launched the presale for its WSM token only a few weeks ago, yet it has already raised more than $7.8 million.<\/p>\n

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This shows that the new meme token has already garnered quite a healthy following, and with its Twitter account boasting more than 231,000 followers<\/a>, it could easily end having one of the strongest communities in crypto.<\/p>\n

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

The sale is currently in its 14th stage, with 1 WSM now costing $0.0292, with this price scheduled to climb to $0.03370000 by the time the 30th and final stage begins,<\/p>\n

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Of course, the coin could rise much higher when it lists on exchanges in the next few months, possibly becoming one of the most profitable presale and new tokens of the year.<\/p>\n

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