{"id":28580,"date":"2023-06-28T07:26:07","date_gmt":"2023-06-28T11:26:07","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/xrp-price-prediction-as-half-a-billion-dollars-trading-volume-floods-in-is-xrp-about-to-shoot-up\/"},"modified":"2023-06-28T07:26:09","modified_gmt":"2023-06-28T11:26:09","slug":"xrp-price-prediction-as-half-a-billion-dollars-trading-volume-floods-in-is-xrp-about-to-shoot-up","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=28580","title":{"rendered":"XRP Price Prediction as Half a Billion Dollars Trading Volume Floods In \u2013 Is XRP About to Shoot Up?"},"content":{"rendered":"
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The XRP price has dipped by 0.5% in the past 24 hours, falling to $0.475928 as the cryptocurrency market as a whole suffers a similar fall in the same timeframe.<\/p>\n

XRP is now down by 4% in a week and by 6% in the past fortnight, with its 24-hour trading volume rising above $600 million today, up from $500 million a couple of days ago.<\/p>\n

This slight increase suggests that the market may be preparing to push XRP up to higher prices, with expectations remaining high in relation to Ripple’s case with the SEC.<\/p>\n

And even if XRP has dipped a little in the past couple of weeks, a positive decision in this case could really send it surging.<\/p>\n

XRP Price Prediction as Half a Billion Dollars Trading Volume Floods In \u2013 Is XRP About to Shoot Up?<\/strong><\/h2>\n

While XRP has had a bad couple of weeks, its indicators suggest that it’s now in a position to rise back up again in the near future.<\/p>\n

Its relative strength index (purple) has begun rising again after nearly dropping to 30, indicating a modest increase in momentum.<\/p>\n

At the same time, its 30-day moving average (yellow) has fallen so far below its 200-day average (blue) that it would seem as though its price will have to rise again sooner or later.<\/p>\n

What’s encouraging to note is that XRP’s support level (green) has actually risen a little over the past couple of weeks, meaning that it’s unlikely the altcoin will fall much further below its current level before mounting a recovery.<\/p>\n

As such, we should expect XRP to push up from its current price in the next few days or weeks, potentially moving back towards $0.50.<\/p>\n

While there hasn’t been any indication of big XRP purchases by whales in the past day or so, it’s instructive to note an apparent pause in the transfers to <\/i>exchanges that was seen at the end of last week.<\/p>\n

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In other words, the lack of movements to exchanges suggests that XRP has finished falling and should be ready for gains soon enough.<\/p>\n

And in the medium and longer term, Ripple’s case with the SEC should help the altcoin rise substantially.<\/p>\n

As we’ve noted before, recent developments have suggested that Ripple has a good chance of securing a positive judgment or settlement in its case, with the Hinman emails showing that even the SEC was confused as to which cryptocurrencies were and were not securities.<\/p>\n

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What the emails do is support one of Ripple’s main defenses, which is that it didn’t receive fair notice of a likely legal action, given that the SEC itself wasn’t sure how exactly to classify cryptocurrencies.<\/p>\n

And if it does lead to a Ripple victory, XRP will likely jump from its current price and reach $1 within a few weeks of the case’s conclusion.<\/p>\n

From there, a new bull market in 2024 could see it move back up to $2 or even $3, especially if Ripple’s business continues to post positive growth.<\/p>\n

New Altcoin with High-Potential<\/strong><\/h2>\n

Because XRP may have to wait several more months for the Ripple case to end, traders may be inclined to look towards other, newer altcoins for above-average gains in the shorter term.<\/p>\n

One of the best areas for securing such gains are presales, given that presale tokens can witness massive rallies when they first list on exchanges.<\/p>\n

Of course, such coins also need decent fundamentals and a promising platform to achieve such a feat, and one of the best presale tokens in this regard is Chimpzee, an Ethereum-based platform that rewards its users for taking actions that support the environment and endangered animals.<\/p>\n

Chimpzee kicked off the presale for its native CHIMPZ token several weeks ago, and has already raised in excess of $600,000.<\/p>\n

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Due for launch around the end of the year, Chimpzee’s platform will offer shop-to-earn and trade-to-earn elements, both of which will reward users for contributing towards conservationist projects.<\/p>\n

Chimpzee’s shop-to-earn feature will reward users with CHIMPZ for every purchase they make, with a percentage of each purchase being directed towards environment-focused organizations and charities.<\/p>\n

This means that Chimpzee’s users will be making a positive impact on the world whenever they use its platform, and in this respect it’s exciting to note that Chimpzee has already signed partnerships with a number of projects and organizations.<\/p>\n

This includes campaigns to plant trees and also to protect elephants in Mali, with more partnerships likely to be signed in the coming weeks.<\/p>\n

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It’s this kind of positive action which has helped Chimpzee to stand out in a market usually definied by self-interested behavior, and it’s also what will give it real value as a platform, once the presale has finished.<\/p>\n

Investors can participate in the sale by heading to Chimpzee’s official website and connecting their crypto wallets, with CHIMPZ purchasable using USDT, ETH or fiat currency.<\/p>\n

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1 CHIMPZ token currently costs $0.00067, with this price due to rise to $0.00070 in just over a week.<\/p>\n

CHIMPZ will list with a price of $0.00185, meaning that anyone who buys it now will be looking at a 176% gain before the token even lists on exchanges.<\/p>\n

Visit Chimpzee Now<\/strong><\/p>\n

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.<\/sup><\/i><\/p>\n<\/p><\/div>\n