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After months of negative setbacks, the crypto market is thriving again. Many major cryptos are recovering and preparing to set new highs after the last bull run. For example, ongoing SEC battles have recently impacted Ripple (XRP).
It will be interesting to see how well this crypto performs in this new market year now that the legal tide is in their favor. This article offers details on the price prediction for Ripple. In addition, it showcases a new and exciting crypto, Love Hate Inu, that you shouldn’t miss out on.
XRP Price Prediction: Exciting look at the Daily Chart of XRP/USDT
In today’s market, XRP’s price is $ 0.51, with a 24-hour trading volume of $ 3.38B, a market cap of $ 25.87B, and a market dominance of 2.20%. In the last 24 hours, XRP’s price decreased -by 0.15%. XRP has a current circulating supply of 50.26 billion out of a maximum supply of 100.00 billion.
Over the last year, 413B XRP has been created at an annual inflation rate of 8.94%. XRP currently ranks #4 in the Layer 1 sector based on market cap. From our current XRP price prediction, XRP might rise by 4.74% by April 8, 2023, and reach $0.55.
The fear & greed Index currently shows 63 (greed), while the current sentiment is neutral. Over the last 30 days, XRP recorded 17/30 (57%) green days, with 14.35% price volatility. The current XRP price is a good time to invest in XRP, according to our forecast.
The general sentiment regarding XRP price prediction is neutral based on data from April 03, 2023, with 17 technical analysis indicators indicating bullish and 12 showing bearish signals, respectively.
The Legal Tide is Turning In XRP’s Favor
The XRP (XRP) cryptocurrency from Ripple Labs is currently the subject of a long-running court case. A court case between the SEC and the crypto industry is set to conclude later this year after it was accused of being security unlicensed by the SEC in 2020.
The Ripple vs. SEC lawsuit has reached a fever pitch in anticipation of its outcome. James K. Filan, a pro-XRP lawyer, had predicted that Judge Analisa Torres’ ruling would come by the end of March, a prediction some XRP community members had relied upon. His projection, however, was not realized as XRP holders watched bewildered.
In response to questions from XRP supporters, CryptoLaw founder attorney John Deaton outlined the only insiders who might know Judge Torres’s exact ruling date. Judge Torres’ staff and the court’s clerk are the only ones who know the date of the Ripple vs. SEC ruling, Deaton explains.
“The only people who will know before the Judge publicly issues her ruling is her staff and any clerks who helped her with research or helped the decision,” said Deaton.
Alternatives to Ripple
Despite setbacks in recent months, Ripple traders can now rejoice and enjoy premium gains in price as it is set for an All-Time High. It may take a rise above the channel’s upper boundary before Ripple price resumes the previous bullish trend. Still, prices may drop below the 9-day moving average before resuming the bullish trend.
There is, however, one hot and exciting crypto that is ready to provide significant gains if you invest early. Love Hate Inu. The token is the world’s first vote-to-earn cryptocurrency platform that lets members participate in engaging polls.
LHINU meme coins allow customers to vote on politics, entertainment, sports, and social issues. As of this writing, $2.6 million has been raised in the token’s presale.
Ripple (XRP) holders beware: Ledger warns of a new wave of scams
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