{"id":78128,"date":"2023-10-29T08:48:52","date_gmt":"2023-10-29T12:48:52","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/xrp-price-prediction-as-1-4-billion-volume-sends-xrp-above-0-50-resistance-is-a-1-xrp-possible-in-2023\/"},"modified":"2023-10-29T08:48:56","modified_gmt":"2023-10-29T12:48:56","slug":"xrp-price-prediction-as-1-4-billion-volume-sends-xrp-above-0-50-resistance-is-a-1-xrp-possible-in-2023","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=78128","title":{"rendered":"XRP Price Prediction as $1.4 Billion Volume Sends XRP Above $0.50 Resistance \u2013 Is a $1 XRP Possible in 2023?"},"content":{"rendered":"<div>\n<figure id=\"attachment_121755\" aria-describedby=\"caption-attachment-121755\" style=\"width: 1792px\" class=\"wp-caption alignnone\"><noscript><\/noscript><figcaption id=\"caption-attachment-121755\" class=\"wp-caption-text\">Source: Dall\u2022E 3<\/figcaption><\/figure>\n<p>The XRP price has dipped to $0.551065 this morning, representing a 1.5% loss in the past 24 hours as the market falls by a similar percentage.<\/p>\n<p>Yet XRP has risen by 7% in the past seven days, with this week\u2019s market-wide rally sending it comfortably above the $0.50 resistance level.<\/p>\n<p>It\u2019s also up by 14% in the past fortnight, with recent good news in the Ripple-SEC case also having a positive effect on its price.<\/p>\n<p>And with its fundamentals remaining as strong as ever, its price is likely to witness more jumps in the next few weeks.\n<\/p>\n<h2>XRP Price Prediction as $1.4 Billion Volume Sends XRP Above $0.50 Resistance<\/h2>\n<p>\nXRP\u2019s chart is interesting, insofar as its price has been moving within a narrow range and may therefore break out very soon.<\/p>\n<p>It also looks like its 30-day moving average (yellow) is about to pass over its 200-day (blue), another sign of an incoming breakout.<\/p>\n<figure id=\"attachment_121666\" aria-describedby=\"caption-attachment-121666\" style=\"width: 2560px\" class=\"wp-caption alignnone\"><figcaption id=\"caption-attachment-121666\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>At the same time, its relative strength index (purple) remains high, hovering around 65 after reaching 70 earlier this week.<\/p>\n<p>That it hasn\u2019t risen above 70 could mean that further gains are coming soon, even if it has dipped today.<\/p>\n<p>And again, it has been rising and falling between $0.53 and $0.48 over the past couple of months, suggesting that it should stage a big rally soon.<\/p>\n<p>Such a rally may come when the market receives more positive Bitcoin ETF news, although the SEC isn\u2019t due to make a decision until January.<\/p>\n<p>Regardless, the XRP price will jump if ETFs are approved, along with the rest of the market.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Now you truly believe that BlackRock doesn&#8217;t care about XRP? lol<\/p>\n<p>BlackRock knows what is going on behind the scenes. <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF and <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/XRP?src=hash&amp;ref_src=twsrc%5Etfw\">#XRP<\/a> ETF on the way! \ud83d\ude80\ud83d\udcc8 <a rel=\"nofollow\" href=\"https:\/\/t.co\/q7EvkYq0Bi\">pic.twitter.com\/q7EvkYq0Bi<\/a><\/p>\n<p>\u2014 JackTheRippler \u00a9\ufe0f (@RippleXrpie) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/RippleXrpie\/status\/1715131953832247514?ref_src=twsrc%5Etfw\">October 19, 2023<\/a><\/p>\n<\/blockquote>\n<h2>Is a $1 XRP Possible in 2023?<\/h2>\n<p>\nAs for XRP itself, it has moved into a strong position fundamentally in the past few weeks, enabling it to benefit more fully from any market-wide rally.<\/p>\n<p>Most notably, the SEC effectively dropped its case against Ripple earlier this month, in that it withdrew from a planned trial against Ripple execs Chris Larsen and Brad Garlinghouse.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Okay, YES, this does make a full settlement much more likely as the only legal question left is how big a check Ripple writes to the SEC.<\/p>\n<p>There, I said it.  Are you happy now?  \ud83d\ude42<\/p>\n<p>\u2014 Jeremy Hogan (@attorneyjeremy1) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/attorneyjeremy1\/status\/1715118909244784907?ref_src=twsrc%5Etfw\">October 19, 2023<\/a><\/p>\n<\/blockquote>\n<p>This potentially means that the regulator and Ripple will arrive at a full settlement soon enough, something which could boost the XRP price substantially.<\/p>\n<p>However, certain commentators believe that it could take several more months for both sides to agree on a suitable penalty, with John Deaton predicting a final decision until next summer, at the earliest.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">As I said on <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/CryptoLawUS?ref_src=twsrc%5Etfw\">@CryptoLawUS<\/a> TV yesterday with <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/attorneyjeremy1?ref_src=twsrc%5Etfw\">@attorneyjeremy1<\/a> and Thien-Vu, I do not believe there has been a single serious conversation regarding settlement between <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/Ripple?ref_src=twsrc%5Etfw\">@Ripple<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/bgarlinghouse?ref_src=twsrc%5Etfw\">@bgarlinghouse<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/chrislarsensf?ref_src=twsrc%5Etfw\">@chrislarsensf<\/a> and the <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/SECGov?ref_src=twsrc%5Etfw\">@SECGov<\/a>. <\/p>\n<p>The SEC is pissed and embarrassed and wants $770M worth\u2026 https:\/\/t.co\/kcXvsrPgaa<\/p>\n<p>\u2014 John E Deaton (@JohnEDeaton1) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/JohnEDeaton1\/status\/1717326730438807971?ref_src=twsrc%5Etfw\">October 25, 2023<\/a><\/p>\n<\/blockquote>\n<p>This uncertainty accounts for why XRP hasn\u2019t risen as strongly as some may have expected.<\/p>\n<p>However, XRP\u2019s underlying, fundamental position remains strong, with Ripple continuing to expand its business in recent months.<\/p>\n<p>As such, XRP is likely to reach $0.70 by the end of the year, with a full bull market potentially helping it up to $1 in 2024.\n<\/p>\n<h2><strong>New High-Potential Altcoins<\/strong><\/h2>\n<p>\nXRP may not see big gains for several months yet, so traders will have to look elsewhere for above-average returns in the meantime.<\/p>\n<p>Fortunately, presale tokens have provided sizeable gains this year, even in bearish conditions, with the best of such tokens rising strongly when listing for the first time.<\/p>\n<p>One of the likeliest tokens to do this next is Bitcoin Minetrix (BTCMTX), a tokenized cloud mining platform that has already raised over $2.4 million in its presale.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Celebrating another achievement at <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a>!<\/p>\n<p>Surpassing the $2,400,000 mark! \ud83c\udf89 <a rel=\"nofollow\" href=\"https:\/\/t.co\/zDmc7wlKAs\">pic.twitter.com\/zDmc7wlKAs<\/a><\/p>\n<p>\u2014 Bitcoinminetrix (@bitcoinminetrix) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1717815322659709310?ref_src=twsrc%5Etfw\">October 27, 2023<\/a><\/p>\n<\/blockquote>\n<figure class=\"media\"><\/figure>\n<p>What\u2019s appealing about Bitcoin Minetrix is that its platform will offer users the ability to mine Bitcoin (BTC) by staking its native token, BTCMTX.<\/p>\n<p>How this works is simple: users who stake BTCMTX receive tokenized mining credits in return, which they can then spend to access Bitcoin hashpower.<\/p>\n<p>Using up hashpower enables users to mine actual BTC, while staking BTCMTX will also reward users with new BTCMTX in return.<\/p>\n<p>This makes Bitcoin Minetrix a potentially highly lucrative platform, with BTCMTX having a max supply of four billion tokens.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Exploring all the options with <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/BitcoinMinetrix?src=hash&amp;ref_src=twsrc%5Etfw\">#BitcoinMinetrix<\/a>! \u2692\ufe0f<\/p>\n<p>A simple path to cloud mining:<\/p>\n<p>\u2728 Easy of entry for beginners<br \/>\ud83d\udcb5 Cost-effective without hardware expenses<br \/>\ud83c\udf06 No worries about space, noise, or heat<br \/>\ud83d\ude80 Smooth upgrades<a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/hashtag\/CryptoMining?src=hash&amp;ref_src=twsrc%5Etfw\">#CryptoMining<\/a> <a rel=\"nofollow\" href=\"https:\/\/t.co\/ZxRDAzqj6m\">pic.twitter.com\/ZxRDAzqj6m<\/a><\/p>\n<p>\u2014 Bitcoinminetrix (@bitcoinminetrix) <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/bitcoinminetrix\/status\/1717813447893688469?ref_src=twsrc%5Etfw\">October 27, 2023<\/a><\/p>\n<\/blockquote>\n<p>The presale will be receiving 1.4 billion of this, with investors able to join the sale by visiting the\u00a0official Bitcoin Minetrix website.<\/p>\n<figure class=\"media\"><\/figure>\n<p>1 BTCMTX currently costs $0.01120, although this will rise with each successive stage of the sale, with the price ending at $0.01190.<\/p>\n<p>Of course, the altcoin could rise much higher when it lists on trading platform, such are Bitcoin Minetrix\u2019s exciting fundamentals.<\/p>\n<p><strong>Visit Bitcoin Minetrix Now<\/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<div class=\"newsletter home-newsletter single\">\n<div class=\"left-side\">\n<p>\n        <em><br \/>\n            Enter your email for our Free Daily Newsletter        <\/em>\n    <\/p>\n<p> A quick 3min read about today&#8217;s crypto news!<\/p>\n<p>    <span class=\"response-msg\" id=\"newsletter-response\"><\/span>\n<\/div>\n<\/p><\/div>\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-1-4-billion-volume-sends-xrp-above-0-50-resistance-is-a-1-xrp-possible-in-2023.htm\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Dall\u2022E 3 The XRP price has dipped to $0.551065 this morning, representing a 1.5% loss in the past 24 hours as the market falls by a similar percentage. Yet XRP has risen by 7% in the past seven days, with this week\u2019s market-wide rally sending it comfortably above the $0.50 resistance level. It\u2019s also [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":78129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-78128","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 $1.4 Billion Volume Sends XRP Above $0.50 Resistance \u2013 Is a $1 XRP Possible in 2023? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Source: Dall\u2022E 3 The XRP price has dipped to $0.551065 this morning, representing a 1.5% loss in the past 24 hours as the market falls by a similar\" \/>\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=78128\" \/>\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 $1.4 Billion Volume Sends XRP Above $0.50 Resistance \u2013 Is a $1 XRP Possible in 2023? 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