Ripple Price Prediction: Does XRP Stand a Chance Against Mighty XRP20 Coin?

Updated: 08 August 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Ripple’s XRP has persisted downward, causing concern among bullish investors.

On July 13, XRP experienced a bullish rally after a court ruling determined that the cryptocurrency was not classified as a security. Despite this positive turn, XRP buyers encountered a resistance obstacle that emboldened bears to lower prices.

As of 6:30 am EST, XRP is trading at $0.62, representing a marginal 0.1% uptick over the past 24 hours.

The trading volume for this period has increased by 26% to settle at $1.2 billion. However, despite this modest uptick, the cryptocurrency has witnessed a notable weekly price decline of 10%.

The XRP chart exhibits a surge that surpassed the boundaries of the ascending triangle pattern.

Yet, a formidable resistance level emerged as a substantial hurdle, prompting the bullish momentum to recede. Analysis of the chart suggests a potential price recovery along the upper trendline of the ascending triangle, located at $0.54.

It is feasible that the bullish forces could consolidate around this threshold, potentially propelling the price toward the resistance level at $0.94 or surpassing it.

XRP Indicator Outlook Supports Bullish Sentiment

XRP/USD.Source. Tradingview.com — XRPUSD.Source. Tradingview.com

The technical indicators for XRP also align with support for the bullish trajectory of the price.

As of the time of writing, the price is above the 50-day and 200-day moving averages.

Besides the backing from the 50-day SMA (acting as a support), the bulls could potentially retreat to the $0.54 level if a candlestick close falls beneath it. This level aligns with the 200-day moving average.

Moreover, the relative strength index (RSI) shows signs of a recovery, trading at 41 after a prolonged decline from the overbought territory at 70.

This suggests that investors should be prepared to consider further investments, as the buying pressure could intensify soon.

The analysis suggests a potential scenario of the price declining below the 50 SMA, reaching the $0.54 level.

Conversely, a rebound could occur at the 50 SMA, potentially providing the bullish momentum needed to propel the price toward the $0.94 peak.

XRP20 presents a favorable option to participate in a significant price upswing, offering an alternative to Ripple (XRP).

Investors engaged with XRP might find exploring investment opportunities within this presale project beneficial, which promises high returns.

XRP20 Alternative to Ripple (XRP)

XRP20 stands independent from Ripple Labs or XRP affiliation, focusing squarely on the devoted XRP coin followers, the XRP Army, and potential newcomers.

Unlike a mere name change, XRP20 offers more. It introduces novel utility to the XRP realm by implementing staking designed to reward token holders generously.

XRP20 Presale Funding Crosses $1 Million

In its ongoing presale, XRP20 has established a minimum fundraising target of $1,850,000 and a hard cap ceiling of $3,680,000, with its funding reaching $1,193,215.

Should XRP20’s value ascend to match the current XRP price from its presale level, the potential gain would amount to an impressive 662,943% or an extraordinary 6,629x upswing.

Milestone Update!🎉

Today we achieved a monumental milestone in our #Presale raise!🎊

Raising over $1 Million!💸

A massive thanks to the entire #XRP20Army for their unbelievable support!💪

Don’t wait any longer, join now and get your $XRP20 #Tokens!🔥https://t.co/l238y01sFA pic.twitter.com/ylTBjiXYzj

— XRP20 (@XRP_20) August 7, 2023

With the presale already surpassing halfway toward its soft cap objective, fundraising momentum is expected to intensify further as token investors rush to secure the remaining $750,000.

XRP20 diverges from the original XRP in various ways, offering distinct advantages to potential buyers. It incorporates staking and introduces a deflationary aspect by implementing a 0.1% burn mechanism on transactions.

Whenever a token is purchased or sold, 0.1% of the transaction’s total is burned. This consistent reduction in circulating supply contributes to the growing scarcity of XRP20 over time, bolstering its price.

🎉 #Chimpzee is giving away 10,000,000 $CHMPZ tokens in an exclusive #Airdrop!🔥

Only 685,000 left! Act fast – first come, first served!⏳

Grab these extra tokens on top of your bonus. Incredible deals await: pic.twitter.com/4kBiUpzIxv

— Official Chimpzee Project (@RealChimpzee) August 7, 2023

Moreover, XRP20 proactively reduces supply by executing controlled burns, gradually eliminating 10% of the total token supply from circulation.

The presale distribution strategy designates 40% of the tokens for purchase by the general public.

Currently, the presale price for the XRP20 token is $0.000092.To ensure liquidity on decentralized exchanges (DEX), 10% of the overall token supply is allocated. Acquiring XRP20 is straightforward, visit the website, connect your crypto wallet, and swap using ETH or USDT.