XRP Price Prediction as XRP Becomes 7th Most Traded Crypto in the World – What’s Going On?

The XRP price has risen by 1.5% in the past 24 hours, climbing to $0.702540 as the cryptocurrency market as a whole barely moves today.

While XRP remains down by 10% in the last seven days, it’s still up by 45% in the past month and by 110% in the past year, boosted massively by Ripple’s partial success in its case against the SEC.

XRP is therefore likely to witness further growth in the coming days, helped further by its relisting on US-based exchanges in the past couple of weeks.

At the same time, Ripple’s continued growth as a company is likely to help XRP rise steadily in price in the longer term, potentially transforming the altcoin into a real rival to Ethereum and Bitcoin in terms of trading volume and market cap.

XRP Price Prediction as XRP Becomes 7th Most Traded Crypto in the World – What’s Going On?

While XRP has corrected by as much as 16% from its post-ruling high, its indicators are suggesting that it may be close to rising again.

Most notably, XRP’s relative strength index (purple) has risen back to 40 after falling below 30 in recent days, a sign that new buyers may be coming to take the opportunity to buy the altcoin at a discount.

On the other hand, XRP’s 30-day moving average (yellow) is still yet to fall below its 200-day average (blue), implying that its current weakness hasn’t yet played out.

The 30-day may not fall below the 200-day, however, with XRP improving on its support level (green) today, in that it rejected a fall below the price of $0.70.

As such, we may see the altcoin rising again very soon, with its newfound status as the seventh-most traded cryptocurrency in the market helping to keep it elevated.

Also helping it will be the ongoing positivty surrounding XRP in the wake of the ruling issued in the Ripple-SEC case, with the presiding judge finding that Ripple’s sales of XRP on exchanges didn’t violate securities laws.

At the same time, Ripple is now in a better position to resume expanding as a cross-border payments business, with the Republic of Palau recently launching a stablecoin running on Ripple’s XRPL network.

This highlights Ripple’s potential to attract major adoption and usage, with the company also partnering with the Central Bank of Colombia last month for a CBDC pilot.

Given such expansion, the market can expect XRP to reach $1 in the next few months, before potentially seeing out the year at around $1.50.

Presale Tokens for More Precipitous Gains

For traders lacking the patience to wait for XRP’s steady climb to $1, or for traders who simply want to diversify, newer altcoins and presale tokens may the way go for quicker and bigger returns.

One of the most exciting presale tokens in the market at the moment is Evil Pepe (EVILPEPE), an ERC-20 meme coin that launched its sale only a week ago.

It has already raised more then $800,000 so far, with the sale having seven days left to run and aiming to raise a total of $1,996,002.

90% of EVILPEPE’s total maximum supply (6.66 billion) will be reserved for its presale, making it one of the most decentralized meme tokens in the market.

Such decentralization is a big part of the reason why EVILPEPE has been able to attract so many investors, who have clearly been given some reassurance that the meme coin won’t be subject to a dramatic rug pull or selloff by its issuers.

This has motivated investors to rally behind the token and form a growing community, which will help the coin sustain its growth once it lists on exchanges in the next couple of weeks.

New investors can join the sale by visiting the official Evil Pepe website and connecting their crypto wallets, with 1 EVILPEPE costing only $0.000333.

The presale has only one stage and will end in just under week, at which point the coin will list, potentially making its early investors a considerable profit.

Visit Evil Pepe Now

^{Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.}