XRP Price Prediction: Ripple Defies Broader Crypto Market Slump to Maintain Rally

Updated: 21 March 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.

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XRP reached an all-time high of about $3.84 in January 2018. Following its peak, the price of the Ripple asset began to fall and was largely constant for several months before seeing another increase in late 2018, reaching a high of $0.75 in November.

Since then, the price has seen highs and lows. However, the token’s price largely underperformed in December 2020 when the US Securities and Exchange Commission (SEC) sued Ripple, claiming that XRP was an unregistered security. By the end of the year, XRP’s price had fallen to approximately $0.17.

Nonetheless, this has not stifled the growth of the XRP token, as it remains one of the most valuable cryptocurrencies.

With the SEC lawsuit judgment happening in a few months, will the crypto asset hit a new all-time high?

XRP Keeps Up Rally

At press time, the XRP coin is trading at $0.38 after a surge of 0.59% in the last 24 hours. The digital asset increase in value continued from the 3.1% uptrend in the last week and 3.9% in 14 days.

This steady price rally puts the crypto asset in a neutral position.

For the short-term prediction, XRP’s 50-day simple moving average (SMA) value of $0.38 is on par with the current price.

However, its 200-day SMA long-term prediction shows a bearish dominance with the indicator price of $0.47 higher than the current token price.

A steady bullish momentum may see the digital asset catch up to the price movement soon.

According to the technical analysis, XRP has been hovering around the 38.2% Fibonacci retracement of $0.38. The retracement level currently serves as resistance for the digital asset.

The Ripple asset’s moving average convergence and divergence (MACD) value trails above the signal line, indicating a buy signal.

On the other hand, its current relative strength index (RSI) value of 51.94 puts XRP in the underbought region, making now a potentially profitable moment to buy the crypto asset.

Currently, XRP’s technical performance is modest. However, a broader crypto market rally could see the asset break through these indicators and push to a new price level.

XRP NFT Partner CrossTower Shares the Next Step

CrossTower partnered with Ripple in 2022 to add non-fungible tokens (NFTs) minted on the XRP Ledger (XRPL) to the CrossTower NFT marketplace. The marketplace allows creators to onboard NFT projects quickly through access to predefined infrastructure, including wallets, payments, liquidity support, and more.

This rapidly increases time-to-market for projects that formerly took months to onboard.

Next up in our #NFT Partner Spotlight series: @CrossTowerNFT is a #crypto and NFT marketplace that aims to bring utility-based NFTs to the #XRPL.

Read how they are making digital assets more accessible and secure for all.https://t.co/QASj9oGfM1

— Ripple (@Ripple) March 9, 2023

In a recent interview with Kapil Rapthi, CEO of CrossTower, he stated that CrossTower’s next step is integrating AI into its marketplaces, giving clients individualized, needs-based experiences.

Two Other Digital Assets to Explore for Profit

While XRP holds strong sway in the crypto space, there are other value-driven altcoins that can be considered for long-term gains. Since some of these coins are still in presale, investors have a once-in-a-lifetime opportunity to be early adopters.

The C+Charge native token, $CCHG, is one such suggested altcoin.

C+Charge is building a strong peer-to-peer electric vehicle (EV) payment system on blockchain technology. The green project pushes towards an electric mobility transition for a sustainable environment.

Therefore, with its mobile app as the main hub, it wants to make participating in the EV revolution simple and rewarding.

We are selling out fast – don’t miss the chance to grab your $CCHG and make an impact!@C_charge_token is an all-inclusive #crypto #payment and management #solution for EV ecosystem♻️

Join the $CCHG #presale now⬇️https://t.co/ixe18bPqzI

— C+Charge (@C_Charge_Token) March 20, 2023

At the time of writing, the CCHG token is selling for $0.02 per token. The digital asset has earned favorable responses from investors, raising over $3.14 million in presales so far.

Another valuable coin investors can consider is FGHT, the native crypto token for Fight Out.

Fight Out is a play-to-earn gaming environment that blends with train-to-earn mechanisms. The train-to-earn model allows users to earn REPS, an in-app currency, by completing workouts and challenges, which can be exchanged for training equipment, apparel, and monthly membership discounts.

Attention #FightOutCrew!

Only 11 days left until the #FightOut presale ends!

Don’t get left behind ?https://t.co/9pikKGRjSd #Crypto #P2E #Presale pic.twitter.com/PPs1pIgvaz

— Fight Out (@FightOut_) March 20, 2023

At press time, FGHT is selling for $0.03 per token. The project has received a good response, raising over $5.69 million in presales from eager investors.

The presale ends on March 31, so potential investors need to take advantage of the little time left to purchase the token.

Buy Fight Out Now