XRP price is up by 3.5% in the past 24 hours, reaching $0.473395 as the cryptocurrency market surges by 4%.
XRP’s current price means the altcoin is down 10% in a week but up 5% in a month and up 39% since the start of the year, with its 24-hour trading volume now rising above $1 billion. Has been Signs that more volatility is coming.
Available transfer data suggests that some whales are moving XRP out of exchanges, potentially in a sign that the market expects the Ripple-SEC case to end soon, leading to a positive conclusion for Ripple.
And if it brings a positive outcome, XRP could continue to rise very strongly, potentially the biggest rally of any top-100 coin this year.
XRP Price Predictions As $1 Billion Trading Volume Intensifies Ahead Of Lawsuit Conclusion – Are Whales Buying?
XRP’s chart finds the altcoin in a very strong position, as two of its main indicators continue to rise, while its support level (green) continues to rise.
For example, XRP’s Relative Strength Index (purple) has started moving towards 50 again, indicating that it is starting to recover some of its lost buying momentum.
The same goes for its 30-day moving average (yellow), which has started moving above its 200-day average (blue) to show strength again after slowing down a week ago.
These two indicators point to further gains in the near term, with the market anticipating not only an imminent decision in the Ripple-SEC case, but a favorable one as well.
Such hopes have been fueled in recent days by the news that Ripple moved approximately $23 million in XRP to an unknown wallet, with some observers suggesting it may be preparing to pay a settlement penalty with the SEC. Is.
Whereas, many whales Transferring XRP away from Exchangesas a sign that they expect prices to rise in the near and medium future.
On the other hand, Some are still sending XRP To exchangesHence, sentiments may be a bit mixed regarding the near future.
Regardless, Ripple’s case is likely to be concluded in the coming weeks, according to attorney John E. Deaton recently predicted that the case could be concluded by May 6.
Indeed, all the major pieces of evidence actually submitted In the case, it is therefore now only a matter of time.
And if investors are to believe fellow attorney Jeremy Hogan, Ripple actually has a good chance of achieving a great result, if only because The SEC Has Failed to Prove a Key Point of Its CaseThat is XRP buyers entered into an investment contract with the company when they first bought the altcoin from it.
Such analysis suggests that the case may end with Ripple being able to continue with its business as usual and being able to list XRP as before.
If true, XRP will almost certainly enjoy a huge rally, potentially rising to $1 or higher in the weeks following the case’s conclusion.
Longer term, a broad bull run should see the altcoin climb to its current record high of $3.40, which was reached back in January 2018.
and from there, with Ripple is expanding its business Even in the shadow of its case, the future could see XRP becoming an even more valuable token.
New Altcoins May Be a Better Bet
As high as XRP is in the event of a Ripple victory, such a victory is far from assured, meaning traders may prefer to look to altcoins with less fiat baggage.
In particular, some of the token pre-sales offer an opportunity to make definitely above-average returns, one of the latest and most promising being adogAI-powered meme-generating platform.
It launched the pre-sale of its $Ai tokens yesterday, and has already raised over $100,000.
Running on Ethereum, Addog enables users to use advanced AI technology to create funny and relevant memes, which can potentially earn them rewards (in AI).
Memes can be generated by typing in a text-based description of the meme with AIDog’s algorithms, rather than using its massive dataset to generate a corresponding image.
Users can also upvote (or downvote) memes created by other users, with all memes displayed on a leaderboard ranked best and worst.
The highest rated memes will earn their creators rewards in $AI, which can also be used for staking, earning holders regular yields and the ability to participate in governance.
AI’s pre-sale is currently in its first phase, during which the token will sell at a price of $0.00002600 before rising to $0.00003360 by the 20th and final phase.
This means that interest investors don’t have much time to snap up some AI at a discount before it gets listed on exchanges and potentially experiences some big rallies.
