Nevertheless, the positive expectations eventually faded, and the cryptocurrency has encountered difficulties reaching its highest price once more.<\/p>\n
![\"XRP_1D_graph_coinmarketcap](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/XRP_1D_graph_coinmarketcap-1-300x128.png\")
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At press time, the Ripple token is trading at $0.50<\/a>, indicating a surge of 4.42% in the last 24 hours.<\/p>\n Prior to this, the digital asset had experienced a consistent uptrend in value, with an 8.42% price increase in the last seven days and a 4.7% surge in the last month.<\/p>\n The year-to-date (YTD) performance is also positive, with a gain of 28.68% so far.<\/p>\n $XRP currently has a 24-hour trading volume of $1 billion and a further increase of 0.17% points to an incoming bullish rally.<\/p>\n The recent surge in value has positively impacted the asset, as the technical charts display a bullish trend.<\/p>\n $XRP’s current price trails above its 50-day simple moving average (SMA) of $0.44 for the short term and its 200-day SMA of $0.47 for the long term.<\/p>\n Based on technical analysis, $XRP’s bullish momentum has currently met resistance at the 61.8% Fibonacci retracement level of $0.50.<\/p>\n However, a broader crypto market bullish run could see the virtual asset break through this point and head toward higher price levels.<\/p>\n The relative strength index (RSI) reading of 68.12 indicates that $XRP is drawing ever closer to the overbought zone, reflecting strong buying pressure on the cross-border asset.<\/p>\n Unsurprisingly, the moving average convergence divergence (MACD) indicator shows a strong buy signal as it trails above the orange trendline.<\/p>\n Volunteer XRP online advocate John Deaton recently shared his perspective on the hesitance of investors to purchase $XRP while its value remains below $1.<\/p>\n Deaton, the founder of CryptoLaw, indicated that this cautiousness among investors represents a missed chance for investment.<\/p>\n He expects investors to enter the market eagerly once the asset’s price crosses the $2 threshold.<\/p>\n In a tweet, Deaton expressed his surprise at the significant number of individuals who are currently unwilling to acquire $XRP at $0.48 but would likely jump in once the price exceeds $1.<\/p>\n #XRP<\/a> sits at .48 cents and it’s crazy to think about how many people, who refuse to buy it now, are going to buy it over $1. What’s even more crazy is that fomo won’t likely kick in until $2.<\/p>\n — John E Deaton (@JohnEDeaton1) May 29, 2023<\/a> <\/span><\/p><\/blockquote>\n Recently, he highlighted an overlooked detail in a 2022 Ripple opposition brief that could potentially have a significant positive impact on the ongoing dispute between Ripple and the Securities and Exchange Commission (SEC).<\/p>\n The detail emphasizes that there are valid reasons to believe that XRP does not meet all of the Howey test criteria<\/a>.<\/p>\n As a result, implying that XRP is classified as a ‘security’ under federal securities laws may be incorrect.<\/p>\n Read this short ? please. When you look at all the other SEC-LIT-EMAILS cited in Ripple’s opposition, they are redacted. The one about there being reasonable grounds to not believe XRP satisfies all the Howey factors is not redacted. https:\/\/t.co\/qoaCbjk7rg<\/a> pic.twitter.com\/Nc6kfNMJ4c<\/a><\/p>\n — John E Deaton (@JohnEDeaton1) May 21, 2023<\/a> <\/span><\/p><\/blockquote>\n The rising value of the $XRP token<\/a> can be attributed to the positive outlook surrounding the case.<\/p>\n This observation by Deaton aligns with the views of various prominent analysts who anticipate substantial growth for the asset in the near future.<\/p>\n Investors seeking an alternative to $XRP may want to consider the Wall Street Meme token<\/a>, $WSM, an innovative meme coin with strong community backing and high-margin return potential.<\/p>\n The $WSM token,<\/a> originating from the Wall Street Memes movement, represents the triumph of the internet over unrestrained capitalism.<\/p>\n The announcement of the token launch generated overwhelming demand, with investors raising over $1.2 million in just a few days.<\/p>\n Acquiring the $WSM token at its current low price of $0.0256 in its presale stage 3 presents a great opportunity.<\/p>\n Community in a frenzy but quietly loading up. We get it, the temptation is real! ?<\/p>\n Don’t worry, the memes keep rolling, but we couldn’t help but share our $1M milestone. pic.twitter.com\/IUcCY0gGkP<\/a><\/p>\n![\"XRP](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/screenshot-www.tradingview.com-2023.05.30-08_59_50-1-300x216.png\")
<\/p>\nRipple Attorney Predicts Phenomenal Surge in XRP’s Value<\/h2>\n
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Explore Unique ‘Wall Street Meme’ as XRP Alternative<\/h2>\n
![\"Wall](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/Wall-Steet-Meme-300x143.png\")
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