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XRP investors have been hopeful that the outcome of Ripple’s case against the SEC will become clearer in the upcoming months. They believe the token can exhibit considerable price movement. However, the XRP cryptocurrency remains bearish despite the Hinman documents being unsealed last week, much to the dismay of Ripple enthusiasts.
Major cryptocurrencies are providing a mixed bag of gains as the macroeconomic environment remains unfavorable and the crypto market is still prone to extreme bearishness. While Bitcoin has increased by more than 3% over the previous week, XRP has declined by more than 9% over the same time frame.
In the meantime, investors are keeping a watch on alternative tokens that might display less volatility and better growth prospects. One such coin is yPredict, which has raised over $2.5 million in its presale and is displaying positive momentum.
XRP’s Outlook
Investors want to know if Ripple (XRP), which is undergoing a resurrection and growth in value, will soon be able to hit $1.
For more than two weeks, the price of XRP has been steadily rising over the crucial psychological threshold of $0.50, corresponding with the $0.5031 location of the Fib 0.382 level. On June 14, XRP fell through this barrier, igniting discussions about a possible trend reversal.
XRP Price Overview
XRP has emerged as one of the most significant tokens in the cryptocurrency market in the wake of the SEC’s lawsuit against Binance and Coinbase for operating illegally and selling unregistered securities. The SEC filed a lawsuit against Ripple after XRP was classified as unregistered security by the top watchdog.
However, the release of the William Hinman docs last week has changed the scene. In several documents building up to a 2018 speech, the former SEC chair and senior leadership in the regulator defined Ripple as not being a security. This is a key point in the Ripple defense. In a short period immediately after the Hinman documents’ release, XRP shot up to $0.56.
According to XRP attorney John Deaton, an outright Ripple victory is considerably more likely than an outright SEC triumph. A probable XRP victory would be significant for the market because it may spark a bull run.
A technical study of the token reveals, however, that its price is presently precariously balanced. While some experts believe that XRP may reach $1 by the end of the year, others think it is also feasible for its value to fall to a little over $0.054. In the weekly time frame, TradingView offers XRP a neutral signal, which turns into a Buy signal when moving averages are considered.
Exploring Alternatives
While major cryptocurrencies like XRP and BTC continue showing unpredictable patterns, we advise choosing from the pool of new and promising alternatives.
New projects that bank on high utility and real-world value, along with those with strong community support, have been proven to record impressive growth despite a bearish market momentum. Such tokens are likely to advance quicker than even major cryptos like XRP since they are currently available at a presale price.
One such token is yPredict, which has emerged as a reliable performer in the current bear market since the beginning of its presale. With nearly $2.5 million in funding raised so far, the YPRED token is close to reaching its target of $2.9 million. This is likely to result in a price hike, making it one of the best investments in the current landscape.
What is the yPredict Project?
yPredict calls itself an “All in One” AI ecosystem and a “next-gen trading research & analysis platform to get data-driven insights for better trading decisions.” Composed of an ecosystem of traders, financial quants, and AI/ML experts, its product line includes analytical tools and platforms to help traders make informed trading decisions, outlined below.
One, yPredict’s effective predictions platform makes use of AI models to estimate the prices of numerous equities and cryptocurrency assets over a range of periods. Retail traders are enthusiastic about the platform’s insights and analytics using cutting-edge financial prediction techniques while market volatility continues to change drastically.
Two, making data-driven decisions is made easier with its Backlink Estimator, which accurately forecasts backlink count and authority measures. Three, the AI-powered yPredict Editor uses NLP-driven keyword suggestions and thorough scoring for holistic content quality assessment and optimized workflows.
Four, users gain from the simplicity of auto indications with yPredict Analytics. Similar to other services, yPredict Analytics offers traders high-quality market insights via pattern recognition alerts, transaction data analysis, and sentiment analysis.
Five, the dedicated yPredict Marketplace offers a distinct platform where model predictions created by ML developers can be made available as subscription services. Users get access to predictions produced by knowledgeable ML developers across several disciplines.
The yPredict ecosystem already has over 20,000 customers on its waiting list, thanks to its competitive products. The platform offers a special membership deal with premium forecasts. Each of the three membership tiers—free, active, and pro—offers access to a different set of features and capabilities; pro-tier traders can take advantage of the powerful Terminal trading engine to carry out trades more quickly.
YPRED Tokenomics
Among all projects now in their presale, the YPRED coin boasts one of the most profitable tokenomics. In addition to receiving steep discounts on several yPredict services, holders can qualify for a quarterly staking incentive of up to 45%.
All presale YPRED holders are eligible for complimentary access to the Predictions platform, which offers tools for traders of all experience levels. It includes precise price forecasting models for thousands of digital securities and assets.
Due to this, many experts, including Jacob Crypto Bury, have stated that it might become the next 10x crypto.
The coin is presently priced at $0.09 and is in the sixth of its eight stages of the presale. However, there is currently a small window of opportunity for investors to benefit from the early presale price before it jumps 33.3% to its $0.12 listing price. You can buy YPRED tokens with a credit card or by exchanging ETH, USDT, or MATIC tokens.
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