XRP is the sixth largest cryptocurrency by market capitalization and has been on a roller coaster ride over the past year. With its price going up and down, many investors are wondering whether xrp price prediction And can it reach the $5 mark this year?
In this article, we will look at the factors that could affect the price of XRP and speculate on whether it can reach $5 or not.
Ripple’s lawsuit with the SEC has been a source of uncertainty for XRP holders. CEO Brad Garlinghouse is optimistic that a resolution could be set for this year or early 2023. Ripple’s native token, XRP, is trying to stay strong despite the lawsuits and the bear market.
Despite the volatility seen in the XRP price, large crypto investors (aka whales) are still interested in the XRP token.
Whale Alert Discovery: How a Recent XRP Move Could Affect the Crypto Market
Whale Alert, an on-chain data provider, reported that several whales have recently transferred significant amounts of XRP. On January 27, more than 160 million XRP tokens were transferred between two unknown wallets, worth more than $65.53 million according to current cryptocurrency market prices reported by the data provider.
On January 26, Whale Alert reported a massive movement of 39.5 million XRP tokens from Bitso to an unknown wallet. As per the current market cap, these tokens have an estimated value of $16.2 million. A notable amount of XRP tokens have recently been moved from unknown wallets to crypto exchanges.
For example, 30 million XRP coins ($12.41 million) were sent from an undetected wallet to Bitso and 33 million tokens ($13.65 million) were sent from a mysterious wallet to Bitstamp.
According to Whale Alert, large investors are acquiring more XRP tokens despite the price drop. For example, one whale invested about $12.19 million to buy 30 million XRP from Bitso, while another recently bought about $40 million worth about $16.2 million.
xrp price prediction
As of today, the XRP token has a live market price of $0.4120 with a total trading volume of $472 million over the past 24 hours. It has experienced a price increase of 0.24% and is currently ranked 6th on CoinMarketCap with a market cap of around $20 billion.
XRP/USD is struggling below the $0.4150 level while finding support near $0.4045. In case of a bearish breakout of the $0.4045 support area, ripple could slide further towards the next support area at $0.4045 or $0.3965.
Major technical indicators such as the MACD and RSI are trading in the buy zone, indicating that the market is currently in a strong buy trend. Moreover, a bullish break above the $0.4160 level could spark a wave towards the $0.4260 level.
Top cryptocurrencies with profit potential
As the crypto market grows, so does the attention of investors to altcoins. Investing in these coins can be very profitable for those who get started early as they can collect coins before their official release.
Currently, there are a few altcoins that are making headlines and garnering interest from investors.
Fight Out (FGHT)
to fight There is a simple and inexpensive way to stay active. You can get access to experienced personal training services at a reasonable cost by getting their FGHT tokens, allowing even those with low budgets to take advantage of the workouts.
The FGHT pre-sale was a tremendous success, raising $3.50 million. All avatar-related behavior is documented, giving you a good reference to judge your actions. You have very little time left to earn 60.06 FGHT for every $1 spent (in ETH or USDT).
Furthermore, market forecasts suggest that FGHT prices will rise as the sale progresses, so act now to take advantage of this opportunity.
C+ charge (CCHg)
c+ charge Introducing a revolutionary blockchain-powered payment mechanism for EV owners. Users will receive carbon credits when they make their initial charge, with the ultimate goal of drastically reducing greenhouse gas emissions.
This revolutionary technology has the potential to completely disrupt the long-established carbon credit market, which has been dominated by a small group of individuals. This levels the playing field and allows many businesses to participate in this industry.
The Voluntary Lending Market (VCM) market is estimated to be worth $100 billion by 2030. C+Charge, a market leader in this space, is leading the way by successfully raising over $439,900 during its pre-sale, demonstrating that the business is growing rapidly.
Meta Masters Guild (MEMAG)
meta masters guild It skyrocketed to $1.8 million in just a few days. This significant growth indicates that the public has a high degree of confidence in the company’s future growth and profit-generating potential.
In the third quarter of 2023, the Meta Masters Guild will release its first mobile game. MEMAG, their own coin, allows users to exercise governance powers, engage in activities, and purchase network items and NFTs.
They want to create Play-to-Earn and Web3 games to provide an even more engaging gaming experience. Early investors have a limited time to participate in the MEMAG sale, which is currently offering 1 MEMAG for $0.01.
However, this price is expected to increase in less than two weeks, so potential buyers should act quickly if they want to get the currency at the lowest possible price. Don’t miss this great seven-step deal!
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