XRP price is largely unchanged today, with its current level of $0.378725 representing a very modest 0.4% increase over the past 24 hours. The altcoin is up 14% over the past fortnight but remains down 16% over the past 30 days as it continues to slide ftx bankruptcy Prices continue to be reduced.
XRP price is also being affected by the ins and outs of Ripple’s long-running case with the SEC, with the coin plummeting a few weeks ago when LBRY lost a similar case. However, its particular prospects are looking positive, with it succeeding in filing 14 amicus briefs in favor of Ripple last week.
XRP Price Prediction Hits $1 Billion in Trading Volume – XRP to $3 by 2023?
At the time of writing, XRP’s 24-hour trading volume has dropped to $1 billion, down from a high of $3.5 billion earlier this month, when the FTX crisis boiled over. This indicates a drop in volatility, which can be both positive and negative, depending on your outlook and the current state of the market.
In terms of its indicators, the XRP price chart paints a mixed picture. Its Relative Strength Index (purple) has dropped from under 30 earlier in the month to around 45 now, indicating a slight recovery in momentum and buying interest.
However, XRP’s 30-day moving average (red) continues to slide towards its 200-day (blue). A crossover could signal further downside, especially as trading volume – a sign of investor interest – is also tapering off.
To make matters worse, the after-effects of the FTX collapse continue to make themselves felt. More recently, Digital Currency Group Reveals It’s Owed $575 Million As for the troubled cryptocurrency firm Genesis Trading, which he owns, it may reportedly file for bankruptcy in the coming days.
Such revelations highlight the possibility that additional eruptions and collapses could occur in the near future, the effect of which is likely to be further selloff.
However, XRP itself has enjoyed some positive news in the past week. This includes Ripple successfully managing 14 amicus briefs filed on its behalf, unlike the SEC, which filed only one.
This boosts Ripple’s chances of securing a favorable outcome in its case with the US securities regulator, which has been ongoing for nearly two years now, but which has entered the final stages of both sides. Filed petition for summary judgment in September,
Ripple has also enjoyed other positive developments in its case. in March, Presiding Court upholds Ripple’s authority To use a fair notice defense, which means it can present evidence to show that the SEC did not adequately warn that XRP could be considered a security.
The same court also ruled in January that Ripple should have access to documents and emails related to a 2018 speech by then-SEC chairman William Hinman. It is possible that such docs discuss the SEC’s stance on XRP, which could be overwhelmingly in favor of Ripple.
Therefore, XRP is still in a promising position. While the market is still facing a difficult period, XRP could rally heavily if Ripple is successful in its case, with $3 or higher remaining a realistic long-term target for the altcoin.
more immediate returns
In the meantime, traders and investors may prefer to consider coins that, in order to become profitable, do not wait for the conclusion of a high-profile legal battle. And while profitable coins have been few and far between in the midst of the 2022 bear market, the one exception has been pre-sales and the new tokens emerging from such sales.
For example, Metaverse-based meme token Tamadoge (TAMA) posted very impressive gains after listing on OKEx in October, rising up to 1,800% at one point in relation to its former selling price,
The three coins below also expect to repeat such above-average performance, each of which currently has its own pre-sale, and each also offering solid fundamentals.
Dash 2 Trade (D2T)
Based on Ethereum, dash 2 business Is a trading intelligence platform that provides investors with real-time analytics and social trading data, all of which can help them make informed trading decisions.
Due to launch in the first quarter of 2023, the sale of its native D2T token has raised nearly $7 million. It has also announced listings on BitMart and the LBANK exchange in early 2023, confirming that investors will indeed have the opportunity to enjoy some returns. soon.
Robotera (Tarot)
robot era (TARO) is a sandbox-style metaverse, which is scheduled to launch its alpha version in the first quarter of 2023. Within its platform, gamers will be able to play as robots and participate in creating its virtual world including NFT-based land, buildings and more. – Sports item.
1 TARO is currently selling for 0.020 USDT (it can be bought using USDT or ETH), however this price will increase to $0.025 in the second phase of its pre-sale, which will start soon.
IMPT (IMPT)
also running on ethereum, IMPT is a carbon-credit marketplace and retail platform that aims to reward consumers for making purchases with eco-friendly merchants, rewarding such consumers with NFT-based carbon offsets. These offsets can then be traded or liquidated, contributing to users’ IMPT.io score, which tracks their impact on Earth’s environment.
Since launching their sale in October, IMPT has raised just $13.1 million, with 1 IMPT currently being sold for $0.023.
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