{"id":61979,"date":"2023-09-17T02:23:08","date_gmt":"2023-09-17T06:23:08","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/xrp-price-prediction-as-700-million-sends-xrp-near-0-50-are-whales-buying\/"},"modified":"2023-09-17T02:23:11","modified_gmt":"2023-09-17T06:23:11","slug":"xrp-price-prediction-as-700-million-sends-xrp-near-0-50-are-whales-buying","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=61979","title":{"rendered":"XRP Price Prediction as $700 Million Sends XRP Near $0.50 \u2013\u00a0Are Whales Buying?"},"content":{"rendered":"<div>\n<p>The ever-evolving cryptocurrency landscape has lately been abuzz with talk surrounding Ripple (XRP), currently the fifth-largest crypto by market capitalization.\u00a0<\/p>\n<p>As of now, XRP&#8217;s trading price hovers tantalizingly close to the $0.50 mark, registering at $0.497194. This figure comes alongside a significant 24-hour trading volume of $502 million.\u00a0<\/p>\n<p>Even though XRP has noted a marginal decline of around 0.50% in the past day, it boasts a robust market cap of $26 billion.\u00a0<\/p>\n<p>From its maximum supply of 100 billion XRP coins, over 53 billion are already in circulation.\u00a0<\/p>\n<p>As we deep-dive into the latest price predictions for XRP in this piece, a pressing query surfaces: Are crypto whales leaning more towards buying or selling XRP?\u00a0<\/p>\n<p>Amidst these considerations, the Torres Ruling emerges as a beacon of optimism for XRP enthusiasts.\u00a0<\/p>\n<p>However, Bill Morgan cautions that while this ruling is favorable, it doesn&#8217;t necessarily bestow &#8220;final clarity&#8221; on every maneuver Ripple makes with XRP.<\/p>\n<h2><strong>SEC vs. Ripple Labs &#8211; Key Developments<\/strong><\/h2>\n<p><strong>Date &amp; Ruling:<\/strong> On July 13, 2023, District Judge Analisa Torres delivered a nuanced verdict concerning Ripple Labs and its leadership.<\/p>\n<ul>\n<li><strong>Background:<\/strong> The lawsuit, initiated in December 2020, centered on Ripple Labs, Bradley Garlinghouse, and Christian A. Larsen&#8217;s alleged unlawful sales of XRP as unregistered securities.<\/li>\n<\/ul>\n<h3><strong>Court&#8217;s Decision Highlights<\/strong><\/h3>\n<ul>\n<li><strong>For SEC:<\/strong> The court favored the SEC concerning Institutional Sales but declined support for other matters.<\/li>\n<li><strong>For Ripple:<\/strong> The court sided with Ripple on Programmatic Sales, Other Distributions, and sales by Larsen and Garlinghouse, but not regarding Institutional Sales.<\/li>\n<li><strong>Critical Clarification:<\/strong> Judge Torres specified that XRP sales by Larsen and Garlinghouse were programmatic and didn&#8217;t meet the criteria for investment contracts under the Howey Test. XRP, in itself, did not inherently qualify as an investment contract.<\/li>\n<\/ul>\n<h3><strong>Insights from Bill Morgan (September 16, 2023)<\/strong><\/h3>\n<ul>\n<li><strong>Platform:<\/strong> Shared on X, formerly known as <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/Belisarius2020\/status\/1702873126999380477?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1702873129037746198%7Ctwgr%5E19796b23f35aff65abb63b0cee1af281cc383d2b%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fwww.cryptoglobe.com%2Flatest%2F2023%2F09%2Ftorres-ruling-is-good-news-for-xrp-but-doesnt-mean-what-ripple-does-with-it-has-final-clarity%2F\" target=\"_blank\">Twitter<\/a>.<\/li>\n<li><strong>Regulatory Uncertainty:<\/strong> Despite the ruling, the SEC&#8217;s intent to appeal leaves Ripple&#8217;s XRP actions in a regulatory gray area.<\/li>\n<\/ul>\n<figure class=\"media\"><oembed data-embedo-height=\"400\" data-embedo-url=\"https:\/\/twitter.com\/Belisarius2020\/status\/1702873126999380477?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1702873129037746198%7Ctwgr%5E19796b23f35aff65abb63b0cee1af281cc383d2b%7Ctwcon%5Es2_&amp;ref_url=https%3A%2F%2Fwww.cryptoglobe.com%2Flatest%2F2023%2F09%2Ftorres-ruling-is-good-news-for-xrp-but-doesnt-mean-what-ripple-does-with-it-has-final-clarity%2F\" loading=\"lazy\"><\/oembed><\/figure>\n<ul>\n<li><strong>Ripple&#8217;s Business Focus:<\/strong> Ripple is likely to prioritize shareholders and customers over XRP holders. Their potential inclusion of XRP in the Liquidity Hub doesn&#8217;t overlook the emphasis on more liquid cryptocurrencies like Bitcoin, Ether, USDC, and USDT.<\/li>\n<li><strong>Final Takeaway:<\/strong> Ripple isn&#8217;t legally bound to XRP holders, reinforcing the verdict that XRP is not a security.<\/li>\n<\/ul>\n<h2 style=\"text-align:justify;\"><strong>XRP Price Prediction\u00a0<\/strong><\/h2>\n<p>Upon analyzing the XRP\/USD technicals, we observed a significant resistance level at 0.5040. This resistance has consistently been evident, notably in the first week of September and again on September 15th.\u00a0<\/p>\n<p>Concurrently, a support channel on the hourly chart positions XRP around the 0.4935 mark.<\/p>\n<p>Should XRP confidently breach the 0.5048 resistance, the cryptocurrency might target the next resistance at approximately 0.5120.\u00a0<\/p>\n<p>Beyond this, the 0.5200 level will likely serve as a substantial barrier for XRP. On the downside, the 50-day exponential moving average is poised to provide support near the 0.4900 mark.\u00a0<\/p>\n<p>However, should XRP fall below this, it could potentially aim for the subsequent support level of 0.4790.\u00a0<\/p>\n<p>Further down, the 0.4700 mark is set to be a significant challenge for the cryptocurrency.<\/p>\n<p>Given these factors, traders should closely monitor the 0.5040 level, as it&#8217;s expected to act as a pivot for XRP.<\/p>\n<p>A move below this level might suggest a bearish trajectory, whereas a move above it could indicate a continuation of its upward trend.<\/p>\n<h2><strong>Wall Street Memes &#8211; The Alternative Coin Worth Considering<\/strong><\/h2>\n<p>Currently, crypto aficionados are expanding their investment horizons, with WSM emerging as a key interest. The pre-launch of $WSM, a cryptocurrency influenced by popular memes, has drawn considerable investor interest.<\/p>\n<p>This fresh digital asset is rooted in Wall Street Memes, a renowned online hub known for its strong connections with the investor community.<\/p>\n<p>Wall Street Memes&#8217; entry into the cryptocurrency sector has sparked immense enthusiasm, amassing over $300,000 on its debut day and subsequently climbing to an impressive $25 million.<\/p>\n<p>In its ongoing presale, WSM tokens are available at $0.0337 each.<\/p>\n<p>Seize this unmatched opportunity. Given its promising trajectory, now is the moment to invest in Wall Street Memes and be part of this exhilarating journey.<\/p>\n<p><strong>Buy $WSM\u00a0Here<\/strong><\/p>\n<p><i><sup>Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>Read the full article <a href=\"https:\/\/cryptonews.com\/news\/xrp-price-prediction-as-700-million-sends-xrp-near-050-are-whales-buying.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ever-evolving cryptocurrency landscape has lately been abuzz with talk surrounding Ripple (XRP), currently the fifth-largest crypto by market capitalization.\u00a0 As of now, XRP&#8217;s trading price hovers tantalizingly close to the $0.50 mark, registering at $0.497194. This figure comes alongside a significant 24-hour trading volume of $502 million.\u00a0 Even though XRP has noted a marginal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":61980,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-61979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>XRP Price Prediction as $700 Million Sends XRP Near $0.50 \u2013\u00a0Are Whales Buying? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The ever-evolving cryptocurrency landscape has lately been abuzz with talk surrounding Ripple (XRP), currently the fifth-largest crypto by market\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=61979\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"XRP Price Prediction as $700 Million Sends XRP Near $0.50 \u2013\u00a0Are Whales Buying? 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