{"id":427025,"date":"2023-08-05T12:44:10","date_gmt":"2023-08-05T12:44:10","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=427025"},"modified":"2023-08-05T12:44:10","modified_gmt":"2023-08-05T12:44:10","slug":"should-i-buy-xrp-now-is-it-still-an-undervalued-crypto-in-the-0-60-0-80-range","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/should-i-buy-xrp-now-is-it-still-an-undervalued-crypto-in-the-0-60-0-80-range","title":{"rendered":"Should I Buy XRP Now &#8211; Is It Still An Undervalued Crypto In The $0.60 &#8211; $0.80 Range"},"content":{"rendered":"<p>After pumping over 100% in a day following Ripple&rsquo;s SEC victory, XRP may no longer be an undervalued cryptocurrency, even now priced at $0.65 after a correction.<\/p>\n<p>Following a remarkable rally triggered by a partial victory last month, XRP&rsquo;s price surge appears to be waning. The cryptocurrency has experienced considerable losses, with whales transitioning from hodling to&nbsp;profit-taking.<\/p>\n<p>This raises uncertainty about whether XRP is returning to its previous trading range or if it&rsquo;s merely a temporary pullback during an upward trend.<\/p>\n<p>Simultaneously, certain traders are showing interest in the newly introduced XRP20 token, seeking a more accessible Ethereum-based alternative to XRP, anticipating substantial growth potential.<\/p>\n<p><iframe title=\"&#128640; XRP20 PRESALE READY TO ROCK THE CRYPTO WORLD! Set to Explode at Launch!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/TSqOMgqrWeU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>XRP price struggles and now faces a bearish week<\/h2>\n<p>Ripple achieved a significant legal victory against the US Securities and Exchange Commission, resulting in a dramatic price surge, pushing XRP close to the $0.9 level and making $1 appear almost inevitable. However, the token&rsquo;s momentum waned, with a 5.05% decline in the past 24 hours.<\/p>\n<p>Despite XRP supporters&rsquo; optimism about its short-term potential, it has depreciated nearly 11.81% in the last 7 days, currently valued at $0.62. The latest setback came from a ruling by Judge Jed Rakoff in the Southern District of New York, where he strongly disagreed with Ripple&rsquo;s victory and the supporting analysis.<\/p>\n<p>Judge Analisa Torres partially favored Ripple by ruling that XRP&rsquo;s programmatic sales to retail investors did not violate the Securities Act, but institutional sales did. Nevertheless, Rakoff pointed out that the Howey Test, used to determine whether an asset is a security, doesn&rsquo;t make such distinctions.<\/p>\n<p>This ruling boosted the SEC&rsquo;s position, given its intention to appeal Torres&rsquo; ruling. With XRP now trading below $0.7, a successful appeal could have severe consequences for the token in the short and long term.<\/p>\n<p>The SEC&rsquo;s strict stance on cryptocurrencies extends beyond XRP, as Coinbase CEO Brian Armstrong disclosed that the watchdog asked him to delist all crypto tokens except Bitcoin, aligning with Chairman Gary Gensler&rsquo;s prior statements.<\/p>\n<p>Additionally, the crypto market faces challenges from scams and hacks, exemplified by incidents involving Curve Finance and the Bald meme token linked to Sam Bankman-Fried&rsquo;s Alameda Research. In light of the current market situation, experts believe XRP would need an extraordinary price reversal to reach the $1 threshold.<\/p>\n<p>On the other hand, despite XRP&rsquo;s own price decline, it has climbed to become the fifth-largest digital currency by market cap, currently standing at $33.1 billion with a daily volume of $1.4 billion, which is 24% higher than 24 hours ago.<\/p>\n<p>Nevertheless, the hype related to the lawsuit has diminished, and XRP is likely to follow the general market trend. Some analysts speculate that the recent price movement could be a significant pump, as it now hovers close to crucial Fibonacci support levels, raising the possibility of a potential price surge if the support holds firm.<\/p>\n<p>Meanwhile, investors are showing great interest in the recently launched XRP20 token, which offers a second chance for those who missed out on Ripple&rsquo;s 22,700% bull rally and is generating considerable FOMO during the presale.<\/p>\n<h2>XRP20 crypto presale soft cap selling out fast: Best alternative to XRP?<\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/xrp20\" rel=\"nofollow\">XRP20<\/a> presents a fresh Ethereum-based alternative to XRP, gaining popularity amid XRP&rsquo;s recent challenges due to its advantageous features and lower market cap. For traders who missed out on XRP when it hit its all-time low price of $0.0028, the newly launched XRP20 token offers an enticing option.<\/p>\n<p>Priced at just $0.000092, it is 30 times cheaper than XRP at its lowest point, sparking significant demand and reaching the $600k milestone. Touted as the &ldquo;meta 2.0 version,&rdquo; XRP20 garners attention from traders and investors for its strategic approach, leveraging the brand name, and providing an opportunity to replicate the impressive returns seen in the past.<\/p>\n<p>The question arises whether XRP20 could replicate the astonishing 22,700% price explosion witnessed in XRP. With stake-to-earn utility as its foundation, XRP20 has the potential to revolutionize the crypto market, attracting enthusiasts seeking to make their mark in this dynamic landscape.<\/p>\n<p>Exploring the compelling utilities of XRP20 becomes imperative. As the clock ticks, eager investors can easily purchase XRP20 by swapping ETH or USDT for XRP20 tokens on its <a href=\"https:\/\/insidebitcoins.com\/visit\/xrp20\" rel=\"nofollow\">official website<\/a>.<\/p>\n<h2>XRP20 introduces the power of staking and deflationary design<\/h2>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/xrp20\" rel=\"nofollow\">XRP20<\/a>, the revolutionary Ethereum-based alternative to XRP, is making waves in the cryptocurrency world with its game-changing utilities. Unlike Ripple, primarily used for international payments, XRP20 offers innovative staking and deflationary mechanisms that set it apart from its predecessors.<\/p>\n<p>XRP20&rsquo;s <a href=\"https:\/\/insidebitcoins.com\/cryptocurrency\/crypto-staking\">staking<\/a> utility presents a golden opportunity for investors to earn <a href=\"https:\/\/insidebitcoins.com\/investing\/passive-income-ideas\">passive income<\/a> simply by staking and locking up their tokens. As they do so, they become active participants in the ecosystem and contribute to its growth.<\/p>\n<p>The deflationary structure is another captivating feature. Every transaction involving XRP20&rsquo;s native token, $XRP20, triggers a 0.1% burning rate, leading to a gradual reduction in token supply. This creates scarcity, boosting the utility and value of the token over time.<\/p>\n<h2>XRP20&rsquo;s amazing tokenomics: Equal opportunity for all<\/h2>\n<p>At the heart of XRP20&rsquo;s appeal lies its impressive tokenomics. With a total supply of 100 billion tokens, XRP20 strikes a perfect balance in its allocation strategy. A significant 40% of tokens are designated for the presale, while an equal 40% is allocated to staking rewards, fostering an engaged and active community.<\/p>\n<p>Additionally, 10% goes towards exchange liquidity, ensuring smooth trading experiences, and another 10% is reserved for scheduled token burns, promoting scarcity and value appreciation. The most exhilarating aspect of XRP20&rsquo;s tokenomics is the level playing field it offers.<\/p>\n<p>Unlike many other projects, no tokens are reserved for founders or team members, making it an equal opportunity for all investors. As the presale unfolds, XRP20 aims to achieve a soft cap of $1,850,000 and an ambitious hard cap target of $3,680,000, positioning itself as a true gem among <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-low-market-cap-crypto\">low-cap crypto<\/a>.<\/p>\n<h2>A fascinating roadmap of XRP20: Paving the path to success<\/h2>\n<p>XRP20&rsquo;s roadmap is filled with thrilling initiatives aimed at driving value growth and fostering community involvement. Following the presale, the team is committed to enhancing token scarcity through burn activation, creating a sense of anticipation for its open market launch.<\/p>\n<p>This strategic move aims to generate heightened interest among investors and pave the way for a strong market presence. The next milestone on XRP20&rsquo;s roadmap is its debut on a decentralized exchange (DEX), unlocking widespread access to the token and catapulting it to broader market recognition.<\/p>\n<p>Once listed on <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-crypto-exchanges\">crypto exchanges<\/a>, the team plans to implement community staking, a rewarding system designed to engage and incentivize project supporters. This community-oriented approach has already ignited considerable interest among crypto investors, as evidenced by the impressive early growth of the <a href=\"https:\/\/t.me\/XRP20_coin\">XRP20 Telegram channel<\/a>.<\/p>\n<h2>Conclusion<\/h2>\n<p>While many may have missed the initial gold rush with Ripple, XRP20 presents a second opportunity for investors to profit from a similar trajectory. Despite being distinct tokens, XRP20&rsquo;s potential is often linked to XRP, causing any news around XRP to influence XRP20&rsquo;s price as well.<\/p>\n<p>Anticipation is growing for XRP20&rsquo;s potential, with initial signals indicating the <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/new-cryptocurrency\">new cryptocurrency<\/a> may emulate the rapid surge witnessed in XRP&rsquo;s price. As a result, investors are encouraged to participate in XRP20&rsquo;s ongoing presale and buckle up for an exhilarating journey.<\/p>\n<p>In conclusion, XRP20&rsquo;s introduction heralds a new era in the crypto realm, offering groundbreaking utilities and unparalleled potential for growth. Investors looking to be part of this thrilling adventure should consider exploring XRP20&rsquo;s offerings and seizing the opportunity to be part of the future of crypto.<\/p>\n<p>Take part in the XRP20 presale at&nbsp;<a href=\"https:\/\/insidebitcoins.com\/visit\/xrp20\" rel=\"nofollow\">xrp20coin.com.<\/a><\/p>\n<h3>Related<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-xrp-price-drops-to-0-65-traders-predict-xrp-alternatives-have-higher-upside-potential\">Is It Too Late To Buy XRP? Price Drops To $0.65, Traders Predict XRP Alternatives Have Higher Upside Potential<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/ripple-vs-xrp20-predicted-price-trends-draw-investors-attention\">Ripple vs XRP20: Predicted Price Trends Draw Investors&rsquo; Attention<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-potential-btc-crash-on-the-horizon-consider-diversifying-with-xrp20\">Bitcoin Price Prediction: Potential BTC Crash on the Horizon? Consider Diversifying with XRP20<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/tominet-token-soars-is-this-the-time-to-switch-your-focus-from-tomi-to-xrp20-token\">tomiNet Token Soars: Is This the Time to Switch Your Focus from TOMI to XRP20 Token?<\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Best Crypto Discord<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                         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<\/div><!--\/.inContentProvider--single-->\n                            \n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">After pumping over 100% in a day following Ripple&rsquo;s SEC victory, XRP may no longer be an undervalued cryptocurrency, even now priced at $0.65 after <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/in-content-providers\/best-crypto-discord\" title=\"Best Crypto Discord\">[&#8230;]<\/a><\/div>","protected":false},"author":1921,"featured_media":427030,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.0 (Yoast SEO v22.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Should I Buy XRP Now - Is It Still An Undervalued Crypto In The $0.60 - $0.80 Range - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"After pumping over 100% in a day following Ripple&#039;s SEC victory, XRP may no longer be an undervalued cryptocurrency, even now priced at $0.65 after a\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/427025\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Should I Buy XRP Now - Is It Still An Undervalued Crypto In The $0.60 - $0.80 Range\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-05T12:44:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/08\/should-i-buy-xrp-now.png\" \/>\n\t<meta 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After university he took up a role as an e-commerce analyst for a leading e-commerce platform in the Philippines, Shopee PH. A long-time crypto enthusiast and trader interested in researching the best investments in the crypto space, he is also a freelance writer here at InsideBitcoins eager to share his knowledge with our readers. 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After university he took up a role as an e-commerce analyst for a leading e-commerce platform in the Philippines, Shopee PH. A long-time crypto enthusiast and trader interested in researching the best investments in the crypto space, he is also a freelance writer here at InsideBitcoins eager to share his knowledge with our readers. 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