XRP price has declined by 2% over the past 24-hours to $0.462049 in the wake of the cryptocurrency market correction in the latter half of last week.
The altcoin’s current price means it’s down 11% in a week, though it’s up 8% over the past 30 days and up 35% since the start of 2023.
The coin has actually recovered by 4% since falling to a seven-day low of $0.44383 on Friday, and with it gaining some momentum after being oversold, it could potentially move to the $0.5 level this week. can be regained.
Such a move would help the Ripple-SEC case, which is expected to conclude in the coming weeks, potentially bringing about a positive enough resolution or summary judgment to send XRP surging.
XRP Price Prediction As XRP Reaches Key $0.50 Level – What Happens Next?
XRP’s charts continue to suggest that the coin has a little more pain left in it before it can bottom and start rising again.
Its Relative Strength Index (purple) has fallen below 50 and continues to slide, suggesting that XRP price will continue to decline as the RSI nears 30.
Similarly, XRP’s 30-day moving average (yellow) has yet to break below its 200-day average (blue), which means the coin still has a few days or weeks to go before the current correction ends.
On the other hand, one might be tempted to argue that the still-high 30-day EMA signals a continuation of positive momentum, which could help XRP recover from its decline sooner rather than later.
However, the counterpoint to this is that XRP has declined from several supports in the past few days and it may even break the current $0.46 level, indicating further downside.
Based on the Whale Alert, it looks like large investors are still piling up XRP To Exchange, which means further downgrades could be on the cards.
Regardless, XRP continues to march towards the light at the end of its tunnel, which in its case is the aforementioned Ripple-SEC.
Attorney John E. Deaton recently went on record predicting that the case could be concluded by May 6, when all key pieces of evidence actually submittedsupporting their belief that the end may be near.
Many experts tracking the case think that Ripple has a good chance of winning with the lawyer. jeremy hogan arguing The SEC has failed to prove a key aspect of its case, which is that XRP buyers entered into an investment contract with Ripple.
Assuming this analysis is accurate, this puts Ripple in a very good position as far as achieving a positive outcome is concerned, which will enable it to continue with its business and also allow exchanges to list XRP. make capable.
If so, then surely XRP will experience one of the biggest rallies in its history.
It is likely to head back to $1 or higher in the weeks following the case’s conclusion, with a broader bull market helping it surpass its current all-time high of $3.40.
And given that this ATH was set way back in January 2018, there is no doubt that XRP has a lot of wasted time to make up for.
The Dealance is a high-capacity option
Despite this optimism, the Ripple community may have to wait several weeks or even months to make a decision, meaning traders looking for larger short-term gains may be better advised to invest in other high-potential coins. Is.
The Most Promising New Altcoins Have A Variety Of Pre-Sale Tokens deals (DLANCE) is a prime example
DeeLance is an Ethereum-based decentralized marketplace for remote work in the Web3 space, helping freelancers and businesses connect more seamlessly than ever, while also helping freelancers earn more from remote work.
It launched its DLANCE token sale several weeks ago, and has now raised over $400,000.
DeeLance’s remote work platform offers many original features not seen in other similar platforms till date.
Most notably, this includes the use of non-fungible tokens to indicate and transfer ownership of units of work, something that should ensure that freelancers are paid fairly and fully for work, as well as NFTs are likely to become an additional source of selling capacity. Income.
DeeLance is developing its own work-oriented metaverse, where freelancers and businesses will be able to set up virtual offices and network with each other more efficiently.
Investors can avail the benefits of the Dealance pre-sale by visiting here its official website And connecting your crypto wallet before using ETH or USDT to buy DLANCE.
The price of one DLANCE token is currently $0.029, however it will rise to $0.033 in just two days, when the sale enters its second phase.
DeeLance is set to launch with a price of $0.053, meaning traders who buy will make 60% returns