Ripple (XRP) Price Forecast - XRP's Tide Aims to Surge by 10%

Ripple (XRP) Price Forecast – XRP’s Tide Aims to Surge by 10%

Updated: 11 September 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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The price of Ripple dropped a little, about 0.5%, in the past day, and it’s now at $0.499. While this decline is in line with the entire cryptocurrency market, which also decreased by 0.20% on the same day, XRP’s 24-hour trading volume was significantly down by around 18% to $390.99 million.

Over the past week, XRP lost more than 0.50% of its value, continuing the drop that began in August (-21%). This downturn can be attributed to recent issues in the market, such as delays in Bitcoin ETFs. These problems offset some of the gains XRP made after Ripple’s legal victory against the SEC in July.

Nevertheless, if we look at the whole year, XRP has gained around 41%.

XRP Price Recovers Above $0.50 Support – Could Selling Pressure Be Ending?

XRP’s price has dropped below the 100-day average, while its support level is rising after a long period of decline. This suggests that XRP might perform better in the coming weeks or even days.

Considering these positive signals, it’s likely that XRP could make a significant comeback and reach $0.6110 again in the next few weeks.

XRP Statistics:

XRP’s Price – $0.4799
XRP market cap – $26.52 Billion
XRP circulating supply – 53,083,046,512 XRP
XRP total supply – 99,988,441,546 XRP
XRP CoinMarketCap ranking – 5

Promising Alternative to Ripple (XRP)

With Binance Smart Chain, you can stake BTCBSC for passive income. Bitcoin BSC is similar to Bitcoin (BTC) but uses a complex and costly transaction method. Bitcoin BSC employs a faster and more efficient system called proof-of-stake. Additionally, it’s a BEP-20 token, meaning it doesn’t have the high fees associated with Ethereum tokens.

Stake your Bitcoin BSC tokens with proof-of-stake to earn rewards. Bitcoinbsc.io’s website shows that the staking pool offers 0.25 BTCBSC for every block staked block.

Staking will account for a significant portion of the 21 million BTCBSC tokens.

BTCBSC tokens and Bitcoin (BTC) are designed for long-term sustainability, possibly up to 120 years. This long-term vision suggests the project’s potential for success and encourages people to hold onto their tokens, helping to maintain their value.

BTCBSC Presale Takes Off with Strong Momentum

The Bitcoin BSC presale began on September 5 and quickly gained attention on the Web3 platform. It managed to raise approximately $900,000 in less than a week. Bitcoin BSC has 6.15 million tokens, which will be released later.

https://twitter.com/Bitcoinbsctoken/status/1699000085290369232

During the presale, BTCBSC started with 4 million tokens priced at $0.99. If the presale performs exceptionally well and sells out quickly, BTCBSC will have an additional 2.125 million tokens available, potentially raising the total to $6.125 million.

The presale accounts for 29% of all available tokens. The remaining 69% will be gradually released for 120 years for the stake. A further 420,000 tokens (2%) have been allocated to decentralized exchanges by BTCBSC.

To learn more about this project, refer to its whitepaper or join their Telegram group.

To purchase BTCBSC tokens, you can use BNB, USDT, or ETH directly on the Bitcoin BSC website.

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