Ripple Price Prediction: Can XRP Coin Match Performance of Shibie Coin?

Updated: 11 August 2023

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XRP price has seen notable fluctuations over the past several days, even though it has traded chiefly sideways since August 5.

On August 5, the coin’s price reached its bottom after the surge in mid-July, when Ripple won its partial victory against the US SEC.

However, the coin has fluctuated between $0.61 and $0.66 in the past week. The coin also saw more minor fluctuations daily.

In the last 24 hours, XRP went from $0.625 to $0.640 and then back to $0.628. At the time of writing, the coin’s price is rising again, currently at $0.631.

Its market cap sits at $33.3 billion, allowing XRP to occupy the 5th spot on the list of largest cryptos by market cap. Meanwhile, its volume is at $1 billion, 40% down in the last 24h.

XRP Hits $50 on Gemini

Recently, XRP saw a price spike that took it to $0.64, which is negligible compared to the coin’s recent performance on Gemini.

Gemini just listed XRP back to its platform when the coin glitched and skyrocketed to $50. The platform’s systems calculated its market cap, which reached trillions before returning to normal.

XRP became the most prominent cryptocurrency in history, if only on Gemini and because of a system glitch.

Major exchange @Gemini had a glitch.

$50 per #XRP! 👀 pic.twitter.com/UBEWN7Rv7j

— JackTheRippler ©️ (@RippleXrpie) August 10, 2023

The SEC Files Appeal Against Ripple

Many believed the regulator would file an appeal in the aftermath of the SEC vs. Ripple lawsuit.

Some speculated that this might not happen for months, or even years, as the regulator would likely want to build up a case from scratch.

However, the SEC did it, and now the crypto world is waiting for Judge Torres to grant or deny it.

Opinions on what will happen next are pretty split. Simon McLoughlin, the CEO of a cloud-based financial services platform Uphold, recently said it would be hard for the SEC to appeal successfully.

https://www.youtube.com/watch?v=nkDKSQWTkKE

According to him, the court uses the Howey test to determine if XRP is a security, making it hard for the SEC to prove its point.

On the other hand, John Deaton, another reputable figure in the crypto legal landscape, believes that Judge Torres will grant this motion.

He suggested that the SEC’s move to appeal the lawsuit early could further strengthen the judge’s decision. However, he warns that this will not mean an automatic victory for XRP.

Crypto Users are Obsessed with Shibie, the Newest Meme Coin Around

While XRP’s legal issues seem far from over, many are turning to the newest meme coin on the market — Shibie (SHIBIE).

The new token combines Doge, a popular dog figure in the meme coin section, with Barbie, emerging following the successful release of the Barbie movie.

The project just launched its presale, raising over $315k. With its soft cap of only $500,000, the presale will likely reach this milestone very soon.

The sale is scheduled to end in 3 days from writing. As for SHIBIE, each token is being sold for $0.000167.

They can be bought in exchange for ETH, BNB, or USDT.

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