xrp price prediction It remained bullish after finding an immediate support near $0.3460. XRP coin was trending upward for several days but it was unable to sustain that momentum, falling from a high of $0.3920 to a low of $0.3200.
However, positive comments made by Ripple Labs CEO Brad Garlinghouse can be attributed to the previous upward surge. He believes that the cryptocurrency sector will recover from the FTX crisis more quickly if honesty and trust remain the primary goals.
He encourages open dialogue around pressing social issues with blockchain technology and cryptocurrency.
In contrast, the bearish cryptocurrency market, which was influenced by multiple variables, was cited as one of the major reasons that overshadowed the recent positive comments and had a negative impact on the XRP coin.
Ripple CEO’s Bullish Comments Offer Support for XRP
Brad Garlinghouse, CEO of Ripple Labs, spoke on Wednesday at Ripple Swell, Ripple’s annual conference, about the recovery of the cryptocurrency market after the FTX collapse.
FTX recently filed for Chapter 11 bankruptcy. Garlinghouse’s next tweet is largely a repeat of his conference speech:
In the following tweet, he stressed the importance of meeting in person to discuss how blockchain and cryptocurrency technologies can be used to solve real-world problems.
According to Garlinghouse, who spoke with CNBC on Wednesday, the notion that cryptocurrencies are unregulated is “exaggerated.” He also noted that Stuart Alderotti, Ripple’s chief counsel, told a press source on Friday that the company is actively seeking an Irish license to support its EU expansion.
SEC Supporter Misses Deadline to File Amicus Brief in Ripple Case
Accredited, renamed InvestReady by the SEC, missed the deadline to submit a formal amicus brief in the current litigation. Accredited, now known as Invest Ready, a protégé of the SEC, missed the deadline to submit a formal amicus brief in the ongoing dispute.
Attorney Jeremy Hogan took it up when James K. Informed of the status of the amicus brief from Philan. Amicus briefs were submitted in support of Ripple by 14 different organizations including the Chamber of Digital Commerce, Tapjet and i-Remit.
As a result, the price of XRP has not been affected much by this news so far.
A day before the deadline for such requests, Acredify, a company that helps verify the eligibility of investors for digital equity transactions, sought the court’s permission to file an amicus brief in support of the SEC’s motion for summary judgment. .
bearish crypto market
The market capitalization of all cryptocurrencies has fallen below $800 billion, seeing a sudden increase in liquidations following the bankruptcy of the FTX cryptocurrency exchange. As a result, the downtrend in the cryptocurrency market is seen as one of the major factors that limits any further gains in XRP coin price.
The global cryptocurrency market was worth $794 billion at the time of writing, a decrease of 5%. While Bitcoin (BTC) held steady around $16,000, most other cryptocurrencies closed in the red, including Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Ripple (XRP), and Solana (SOL).
UNUS SED LEO (LEO) token made the most gains, but only by a small margin of less than 2%. Chiliz (CHZ) was the biggest loser, down more than 17% in 24 hours. At the time of writing the global crypto market was valued at $794.02 billion, down 5% from the previous day.
xrp price prediction
The current XRP price is $0.358 with a 24-hour trading volume of $2.2 billion. XRP is down 4.11% in the last 24 hours. Coinmarketcap currently ranks it #7 with a live market cap of $18 with $2.2 Marla.
There are 50,298.735,565 XRP coins in circulation, with a maximum supply of 100,000,000,000 XRP coins.
On the daily chart, the XRP/USD pair is trading sideways, with immediate support near $0.3460. The 50-day moving average is near $0.3785, and a bearish crossover below this level would most likely send XRP to $0.3650 or $0.3400.
A double-top pattern is raising resistance at $0.400 on the bullish side, and a bullish crossover above this level could expose XRP to $0.4265 to $0.3580.
New Crypto Presales
Apart from Ripple, new presale coins are doing well and gaining traction. Let’s learn about them one by one.
Dash 2 Trade (D2T)
dash 2 business Ethereum-based trading intelligence platform that provides real-time analytics and social data to traders of all skill levels, allowing them to make more informed decisions.
It launched its token sale three weeks ago and has raised over $6.6 million. It also announced the launch of its first CEX listing LBank Exchange,
1 D2T is currently worth 0.0513 USDT but it is expected to rise to $0.0533 in the next phase of the sale and to $0.0662 in the final phase.
Calvaria (RIA)
calvaria There is a new cryptocurrency gaming project with the potential to dominate the play-to-earn market. According to the Calvaria developers, one of the main obstacles to the widespread adoption of Web3 gaming is that the game requires users to have technical knowledge of crypto. As a result, a large number of users have been excluded.
Calvaria allows users who do not have cryptocurrency to participate in the game, setting it apart from the competition and opening the game up to a new audience. The RIA’s resale is picking up pace, with the project already in Phase 4 of 10 with approximately $1.8 million in funding.
At the moment, the price of 1 RIA token is $0.025, but it will increase incrementally with each next phase of the pre-sale, which is currently in phase 4.
Robotera (Tarot)
Another project with the potential to transform the gaming community and the virtual world is RobotEra (Tarot). Though the pre-sale of the property has started recently, there is already a lot of interest from potential buyers.
The native token of the platform is TARO, and it is a blockchain-based metaverse where users can create avatars and explore a digital world. In Robotera players can buy land, build on it and expand their territories with various assets.
Robotera also features a shared metaverse where users can participate in a variety of activities such as sports, concerts, and other competitive events. first phase of tarot pre sales It’s live now, and it’s selling out fast.
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