XRP price is mostly unchanged today, with the current level of $0.378725 representing a very modest 0.4% increase over the last 24 hours. The altcoin is up 14% over the past two weeks, but continues to fall 16% over the past 30 days as the lingering fallout from the FTX bankruptcy continues to weigh on prices.
The price of XRP is also 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, the specific outlook looks positive as it managed to submit 14 amicus briefs last week in favor of Ripple.
XRP Price Prediction Reaches $1 Billion in Trading Volume – XRP to $3 in 2023?
At the time of writing, XRP’s 24-hour trading volume is down to $1 billion from a high of $3.5 billion earlier this month when the FTX crisis erupted. This indicates a decrease in volatility, which can be either positive or 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. The Relative Strength Index (purple) is down from less than 30 earlier this 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 a further downtrend, especially as trading volume – a sign of investor interest – is also declining.
To make matters worse, the after-effects of the FTX collapse continue to be felt. Recently, Digital Currency Group revealed that it owes $575 million to troubled cryptocurrency firm Genesis Trading, which it owns and which could reportedly go bankrupt in the coming days.
Such revelations point to the possibility of further eruptions and collapses in the near future, likely resulting in further sell-off.
However, XRP itself has received some positive news over the past week. This includes Ripple successfully managing 14 amicus briefs filed on its behalf, as opposed to the SEC, which only filed one.
This increases Ripple’s chances of a favorable outcome to its case with the US securities regulator, which has been going on for nearly two years now, but entered its final phase when the two sides filed for summary judgment in September. A proposal has been submitted
Ripple has also enjoyed other positive developments in its case. In March, the presiding court upheld Ripple’s right to use the fair notice defense, meaning it can present evidence to show that the SEC has not given sufficient warning that XRP can be considered a security. Is.
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 documents 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 going through a rough patch, XRP could rise sharply if Ripple is successful in its case, with $3 or higher remaining a realistic long-term target for the altcoin.
more direct 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 there were few profitable coins in the midst of the 2022 bear market, the only exception was the presale and the new tokens that resulted from such sales.
For example, the Metaverse-based meme token Tamadoge (TAMA) posted very impressive gains after listing on OKEx in October, rising as much as 1,800% over its presale price at one point.
The three coins below also expect to repeat such above-average performances, each currently having its own presale and each offering solid fundamentals as well.
Dash 2 Trade (D2T)
Based on Ethereum, Dash 2 Trade 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, sales of its native D2T token have raised nearly $7 million. It 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.
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Robotera (Tarot) is a sandbox-style metaverse, with an alpha release scheduled for Q1 2023. Within the platform, gamers can play as robots and participate in the construction of the virtual world, which includes NFT-based land, buildings, and Lake. In-game item.
1 TARO is currently selling for 0.020 USDT (it can be bought with USDT or ETH), but this price will increase to $0.025 in the second phase of the presale, which will start soon.
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Also running on Ethereum, IMPT is a carbon credit marketplace and retail platform that aims to reward consumers for purchasing from 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 the Earth’s environment.
Since launching their sale in October, IMPT has raised just over $13.1 million, with 1 IMPT currently selling for $0.023.
Now go to IMPT