Ripple Price Prediction: Could XRP Face An Unprecedented Plummet and Give Way To The Rising Launchpad XYZ

Updated: 02 August 2023

Disclosure

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.

Join Our Telegram channel to stay up to date on breaking news coverage

Ripple’s (XRP) price prediction has been subject to speculation, with concerns about a significant drop. Emerging projects like Launchpad XYZ might benefit from this uncertainty. XRP faces challenges, so investors might look for alternatives like Launchpad XYZ for growth.

Crypto prices were fairly steady over the last 24 hours, with XRP up 0.69% to $0.6946. The trading volume for XRP stands at approximately $1.235 billion.

In the recent 10-day period, XRP saw a decrease from $0.9330 to $0.6946, a significant 33% drop. This decline has tempered some of the momentum that had been built up after the events surrounding the Ripple-SEC ruling rally.

Here’s a ray of crypto sunshine: XRP has soared by an impressive 44.4% over the last month. Don’t blink, because XRP’s journey through the crypto market is definitely one to watch closely!

XRP Stats:

XRP Coinmarketcap ranking – #5
XRP Price – $0.6946
XRP Market cap – $36.602 Billion
XRP Circulating supply – 52,693,851,493 XRP
XRP Total supply – 99,988,580,106 XRP
XRP Maximum supply – 100,000,000,000 XRP

Ripple Price Prediction: Could XRP Face An Unprecedented Plummet and Give Way To The Rising Launchpad XYZ — Source: CoinMarketCap

Exploring XRP’s Path: Chart Insights, Support, Resistant, and CBDC Ventures

Watch out for XRP’s daily chart highlights. If it keeps rising, it might meet a challenge near $0.7348. But fear not; more growth is possible if strong buyers come in.

However, if the price falls to $0.6916, key support could keep it from a significant drop. And even without breaking that support, the upward potential remains. These levels are your guide to XRP’s moves. Keep your eyes peeled!

Keep an eye on resistance at $0.7348 and $0.7952, and support at $0.6916 and $0.6571. Staying above the 30-day and 50-day moving averages is crucial for upward movement. Passing $0.7490 might bring positivity.

XRP has been climbing since its low of $0.6761, which looks good according to the 14-day RSI. Let’s hope this trend continues positively in the upcoming days.

These signals hint at a potential price upswing, yet employing a stop-loss order as a safety net if it slips beneath the moving averages is a prudent move. Exercising caution can be a savvy approach to maneuvering the market.

Additionally, Ripple is actively involved in five ongoing Central Bank Digital Currency (CBDC) initiatives, partnering with countries like Palau, Montenegro, Colombia, Hong Kong, and Bhutan.

🔥 @Ripple has 5 live CBDC PROJECTS#fintech $XRP #crypto pic.twitter.com/9VFwKUfTSo

— XRP_Cro 🔥 AI / Gaming / DePIN (@stedas) August 1, 2023

The growing interest in utilizing the XRP ledger for CBDC projects across various nations bodes well for XRP’s future possibilities.

Alternative XRP

Although Ripple seems poised for a big surge, there’s another coin to keep an eye on as an alternative – LPX.

LPX Unlocked: Your All-in-One Solution for Web3 Trading Success!

Launchpad XYZ’s LPX code is like a helpful control center for traders of all levels, whether they’re just starting out or experienced. There’s a lot of important information, people’s feelings about the market, and intelligent advice to help you understand the tricky Web3 world.

The platform makes trading really easy because it puts all the tools together in one easy-to-use place. Plus, it’s all about the cool stuff on Web3, like sharing profits and splitting up assets into smaller bits.

When you get LPX tokens, you get special tools that help you know what’s happening and improve your investments. It makes trading cryptocurrencies super awesome.

People who want to invest can get LPX tokens using digital wallets, trading other tokens, or even buying them with ETH, USDT, or a bank card.

Join Launchpad XYZ: Exciting Growth and Rewards Await

Launchpad XYZ is getting bigger on social media, and they’re still letting people join in before the big launch. They’re aiming for $1.550 million, and they’re almost there with over $1.224 million already. The LPX price goes from $0.0445 to $0.046 when they hit that goal.

If you jump in early, you’ll get cool bonuses and be part of a lively group. And guess what? They’re not just about investing and trading; they’ve got fun stuff like a crypto meme challenge where you can win up to $100.