Ripple (XRP) Price Prediction: Might Skyrocket; Is Launchpad XYZ Coin a Worthy Alternative?

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The Ripple (XRP) price has surged after a legal win against the US Securities and Exchange Commission (SEC) last month, triggering a bullish rally. The excitement subsided, but prospects brightened due to expected demand from retail and institutional investors.

Black Swan Capitalist Founder Advocates Higher Ripple Price to Meet Soaring Demand

Versan Aljarrah, the founder of Black Swan Capitalist, highlighted the surging interest in XRP and its functionality. He also asserted that the current supply might not suffice to meet the escalating demand.

https://twitter.com/VersanAljarrah/status/1684752718567489537

Aljarrah stressed that a higher price for XRP is an inevitable outcome. He also added that the surge would be necessary to ensure enough liquidity to cater to global demand. His comments challenge skeptics, urging them to recognize the practical economic dynamics at play.

XRP Demand Surge: Factors Driving Ripple Price Growth and Future Outlook

With banks adopting XRP for wire transfers, they will require XRP on hand, leading to higher demand. Although the total supply is 100 billion, only around 50 billion are currently in circulation.

Most are held by retail and exchanges, leaving banks to obtain their share from exchanges at higher prices. Ripple’s development of a mortgage branch for XRP and potential collaboration with Elon Musk’s X platform may further increase prices due to increased demand and reduced supply.

It is basically supply and demand. With banks using XRP for wires the banks will need XRP on hand to use. This is where all of the supply will be going. Remember, there is a total supply of 100 Billion but only roughly 50 Billion are circulating. It sounds like a huge number but…

— rob_mittman (@rmittman9) July 30, 2023

An analyst notes strong XRP demand, with the market seeking billions of dollars daily. Demand growth outpaces Ripple’s sales increase, likely influencing the price rise. Other market factors also contribute to the higher price.

Wrong, there is a major market demand for XRP, between one and 4 billion dollars per day. But in the past year the demand grew "only 800%" more than Ripple was able to offer through their own sales. Ripple increased the supply by 10% by selling their xrp while in the same… https://t.co/NTG0u81X2C pic.twitter.com/qVqzHce5zy

— Dr. Huber🔥🦅🔥 (@Leerzeit) July 25, 2023

Ripple Involvement in 5 Live CBDC Projects Signals Bright Future for XRP

Ripple is actively engaged in five live Central Bank Digital Currency (CBDC) projects. This is in collaboration with Palau, Hong Kong, Montenegro, Colombia, 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 rising demand for the XRP ledger as a platform for CBDC projects from multiple countries is a positive indicator of the future potential of XRP.

XRP Price Analysis

An analysis of the monthly chart for the XRP/USD trading pair shows several prominent indications of emerging bullish trends. Notably, both the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) indicators exhibit a bullish crossover pattern. They strongly suggest an imminent reversal in the current trend. Additionally, the Exponential Moving Average (EMA) crossover with the 9-day EMA rising above the 26-day EMA from below further bolsters the optimistic outlook.

Ripple price — TradingView: XRP/USD 1-month chart

The analysis identifies an initial resistance level at$ 0.88987. The market will probably experience a substantial upward surge if the closing price surpasses this level. It will lead prices towards its initial target price of $1.2483. This represents an impressive 79% increase from the current price level.

Furthermore, the analysis indicates the possibility of continued upward momentum, with a subsequent target of $2. This represents a remarkable 191% increase from the current price level.

On the downside, the ascending trendline assumes critical importance as a support level for XRP/USD, offering stability during any corrective phases that may occur.

While Ripple is showing signs of a massive rally ahead, another coin is worth considering as an alternative. This is LPX.

Promising Alternative To Ripple

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The platform’s user-friendly interface simplifies trading by consolidating applications. At the same time, it embraces Web3 advantages, such as revenue-sharing and fractionalization of assets.

Buying LPX tokens grants users access to powerful tools, empowering them to make informed decisions and optimize investment strategies. It enhances the overall crypto trading experience.

Prospective investors can acquire LPX tokens through digital wallets and token swaps using ETH or USDT or via bank card purchases.

LPX Presale

With a growing community across social media, Launchpad XYZ continues its presale, offering investors a chance to join early. The new target is $1,550,000, and the presale funds have surpassed $1.2 million. Once the milestone is reached, LPX price changes from $0.0445 to $0.046.

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