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While most of the cryptocurrencies are still under the influence of the FTX collapse, XRP’s recent rise seems like an exception. The XRP crypto recently rose by almost 3% in the last 24 hours and has gained around 6.1% in the last week alone. With such an impressive streak, it does seem like Ripple might have a lot to offer.
Moreover, with its legal tussle with SEC coming to an end, there are a lot of speculations about the cryptocurrency performing quite well and ending the year on a good note. Let us understand the recent performance of XRP and what it has to offer. Moreover, are there any other altcoins that investors can look for?
XRP at $0.401. Is $0.50 Coming Soon?
The price of XRP has shown some serious optimistic developments for all its investors in the last 24 hours. As of writing, XRP is trading at $0.401, according to CoinMarketCap, maintaining an almost 3% uptick. This is further combined with a $908 million 24-hour trading volume and a $20 billion market cap.
The numbers are looking quite strong for XRP. It is showing positive signs above the $0.365 support against the U.S. Dollar and is eyeing a fresh rally further.
While looking closely, there can be seen a clean breakout and a retest of the $0.40 resistance level, on 24th November 2022. However, the unrest, later on, caused the XRP price to fall below the support level. The price did reach the $0.50 level though but didn’t sustain those levels for long.
XRP is currently trading above all its moving averages, ranging from the 10-day MA of $0.395 to the 200-day moving average of $0.396. It does give a buy signal with a positive moving average convergence divergence. The confidence is further strengthened in XRP due to its relative strength index of 48.91, which shows it isn’t overbought (yet). Moreover, the 4-hour RSI for Ripple has crossed the $50 level.
XRP vs SEC: The Crypto Has Some Positive Developments
The legal battle between XRP and SEC seems to be coming to an end. This means that there are some positive price movements to expect from XRP in the crypto markets. Both parties have taken an important step toward a ruling by Judge Analisa Torres. XRP and SEC filed their summary judgment briefs early yesterday.
There have been speculations that 2nd December or 5th December might be a landmark date that can lead to a settlement between Ripple and SEC. This can be because of the ‘Hinman Documents’ that can turn out to be a strong leverage for Ripple.
The SEC might want to keep these documents under wrap to prevent a broader impact on the crypto markets.
XRP’s Key Fundamentals
While most of the cryptocurrencies are still not able to overcome the FTX collapse, there are some very valid reasons for the rise in FTX’s values and its optimistic future. The XRP community will closely be looking at FTX’s battle with SEC, and the developments that take place.
What makes XRP even more valuable is the fact that it wanted to help the banking system by facilitating faster and cheaper transactions. While there are many competitors coming up with the same technology that backs XRP, there doesn’t seem to be someone with an equal volume and fundamentals as Ripple.
Another thing to note here is the fact that the XRP community has remained bullish regarding the asset’s long-term prospects. The only thing that’s to be seen now is whether XRP will be able to reach the coveted $0.50 mark before 2022 ends or not.
Other Crypto Projects Investors Should Look At
1. Dash 2 Trade (D2T)
One of the most sought-after crypto projects right now might just be Dash 2 Trade. It is a world-class crypto analytics and social trading platform that has some exceptionally well tools to help investors think and make informed decisions before investing.
This set of exceptional technologies and platform features are backed by the native token of the platform- the D2T token, which is currently on presale. It is an ERC-20-based token and enables access to lots of features within the Dash 2 Trade platform. Some of the best features of the Dash 2 Trade platform include- backtesting, trading signals, social sentiment, on-chain analysis, strategy building, crypto listing alerts, and trading competitions for their subscribers.
The Dash 2 Trade platform is community-centric and focuses on providing value to its users at each step. Moreover, being a data-backed platform it has huge potential to scale and provide its customers with the right insights at the right time.
2. Impact Project (IMPT.io)
IMPT.io has unique functionality to look forward to. It aims at assisting individuals and organizations alike to acquire carbon credits. This can be done by simply shopping and by purchasing carbon credits from the IMPT marketplace.
This enables everyone to fight climate change equally and effectively. With the help of a blockchain-based ecosystem, the Impact Project enables transparent transactions of carbon credits and avoids duplication.
Currently, the Impact Project has partnered with almost 10,000 leading global brands which have joined the bandwagon. Each brand can decide the percentage of sales margin they want to contribute towards Impact, and users can buy the products from these brands and they will be getting these margins in their IMPT wallets.
3. RobotEra (TARO)
RobotEra is a paradise for metaverse and robot lovers. The team at RobotEra is building a sandbox-like planet-rebuilding metaverse.
The players become robots within the game, acquire resources from the planet, manage lands, curate and create robot competitions and participate in the world made by and for the robots of RobotEra.
There are tons of exciting possibilities that RobotEra provides to its users, to interact, immerse and experience.
- Participate in creating a RobotEra world, by constructing buildings and creating your own NFTs
- Using the in-app editor to create land or robots
- Exploring unique spaces and finding rewards
- Participating in quest challenges in the Central City and winning rewards
- Submit original works for display in museums
- Participate in concerts and build an interactive ecosystem
- Building a new metaverse
- Managing an independent player or public continent for events or group marketing opportunities
It also provides opportunities to earn through lots of means. This includes trading NFTs, staking TARO tokens, holding events on RobotEra’s continents, mining, operating player continents, and trading in the markets.
4. Calvaria (RIA)
The next crypto project on the list has piqued the interest of gamers and crypto enthusiasts alike. Calvaria: Duels of Eternity is a card game that enables players to compete in tournaments using different cards that represent characters representing their own abilities.
The goal behind Calvaria is that players got to make their own unique strategies and tactics that help them receive upgrades and rewards within the game. This becomes even better when the players get to experience the in-game resources that are owned by them exclusively, with no strings attached.
What makes Calvaria special is its extremely unique and addictive gameplay. This is because of the different playable factions, decks, and unique cards. They will also be able to win several upgrades or purchase them in the in-game store. This allows players with different gameplay strategies and purposes to come under one umbrella.
All of this is supported by the $RIA token which is an ERC-20 token. The token is also solely owned by the users, and to become a Decentralized Autonomous Organization (DAO) member.
Conclusion: Is Ripple The Next Big Crypto To Explode?
It is yet to be seen what the conclusion of the Ripple vs SEC case is going to be. Although, one thing that’s somewhat clear is that whatever the conclusion might be, the crypto investors might just be looking for a project that’s free from all the frills and unwanted controversy. Some of the best crypto projects to invest in includes the ones mentioned above. Projects such as Dash 2 Trade, Calvaria, Impact Project, and RobotEra have been quite interesting and focus on the prospect of adding value and utility for a user.
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