{"id":424205,"date":"2023-07-28T15:02:32","date_gmt":"2023-07-28T15:02:32","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=424205"},"modified":"2023-07-28T15:02:32","modified_gmt":"2023-07-28T15:02:32","slug":"ripple-price-prediction-mixed-xrp-movement-evaluate-wall-street-memes-token-as-alternative","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ripple-price-prediction-mixed-xrp-movement-evaluate-wall-street-memes-token-as-alternative","title":{"rendered":"Ripple Price Prediction: Mixed XRP Movement, Evaluate Wall Street Memes Token as Alternative"},"content":{"rendered":"

Following Ripple Coin XRP’s massive price surge ignited by its partial win over the United States SEC, it has been trading sideways in the past couple of days approaching the $0.70 price level.<\/span><\/p>\n

At 5:30am EST, XRP price is down<\/a> by 1% at $0.7092 with a 24-hour trading volume of more than $1.47 billion.<\/span><\/p>\n

Price performance of Ripple Coin<\/span><\/h2>\n

XRP has had a very bullish month as the price increased by over 47% in the last 30 days. But the price is down by 10% in the last 7 days.<\/span><\/p>\n

XRP’s explosive price surge on July 13 after its partial lawsuit win moved the price from $0.47 to $0.94, indicating over a 73% gain, the most significant price surge for the token since 2021.<\/span><\/p>\n

However, despite the sideways movement of Ripple coin in the last few days, there could still be potential for an upside in the coming weeks.<\/span><\/p>\n

Technical indicators on XRP price action<\/span><\/h3>\n
\"Ripple
Tradingview<\/a><\/figcaption><\/figure>\n

As shown on the chart, the price of XRP is trading above the 50-day and 200-day moving averages which denotes that the market is in an overall bullish trend.<\/span><\/p>\n

The MACD indicator trading above the signal line with green histogram bars suggests that buyers still dominate the market and could likely push the price higher.<\/span><\/p>\n

The relative strength index RSI of 58.25 signifies that the market is neutral and hasn’t reached the overbought zone yet, indicating more price rallies.<\/span><\/p>\n

The technical indicators suggest XRP could experience a moderate price gain in the coming weeks.<\/span><\/p>\n

However, investors and traders should consider other metrics before making investment decisions, as the crypto market is subject to high price volatility and constant market fluctuations.<\/span><\/p>\n

Factors That Could Affect Ripple Coin Price<\/h2>\n

The outcome of the final hearing on the lawsuit filed by the SEC against XRP being a security could significantly affect the asset’s price performance in the coming weeks.<\/span><\/p>\n

As the Ripple Coin continues its sideways movement, traders must explore other potential alternatives, such as Wall Street Memes (WSM). <\/span>This emerging option could provide additional opportunities for profitable trading.<\/span><\/p>\n

Ripple Coin Alternative<\/h3>\n

The Wall Street Memes (WSM)<\/a> token has rapidly gained popularity as the newest sensation among meme coins, achieving unparalleled success during its initial presale period.<\/span><\/p>\n

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Cramer strikes again pic.twitter.com\/CH1CcLErtl<\/a><\/p>\n

— Wall Street Memes (@wallstmemes) July 27, 2023<\/a><\/p><\/blockquote>\n