The XRP price has dropped by 2.5% in the past 24 hours, amid a 1.5% drop for the cryptocurrency market as a whole. At $0.380865, it’s also 1% down in the past week and by 7.5% in the last 14 days while remaining up by a modest 1% in the past month.
XRP’s movements are largely a reaction to the Federal Reserve hiking its base rate by another 0.5% yesterday, while its movements in the past few weeks have come in the context of various mixed signals, from positive developments in Ripple’s case with the SEC to Coinbase Wallet dropping support for the altcoin.
However, despite its recent mixed fortunes, numerous analysts are predicting that it’s due a significant rise in the not-too-distant future.
Is It Too Late to Buy XRP? Crypto Experts Give Their XRP Predictions
Based on its relative strength index (RSI) and moving averages, XRP could really go anywhere at the present moment in time. Its RSI (in purple below) has dripped to 45 in the past few hours, signaling a lack of momentum, while its 30-day moving average (red) is more or less level with its 200-day average (blue), again signaling the potential for movements in either direction.
While most technical aren’t particularly eliminating as far as XRP is concerned right now, analysts have increasingly come out in the past few days in support of the idea that the altcoin is due a breakout very soon.
There are no fundamental reasons given for such a possible rally, yet some hopeful XRP holders have begun speculating that the Ripple will reach a settlement with the SEC in the next few days.
This is based much more on hope than hard evidence, yet one thing which is more secure is that bigger investors have been accumulating XRP in the past few weeks. This is bullish insofar as it suggests that whales expect the altcoin to rally sooner or later.
In terms of actual price predictions, opinion ranges from more realistic forecasts of $1.30 (after the Ripple-SEC case ends) to longer-term aims involving double-digit prices.
Looking at the ongoing Ripple case, XRP supporters have witnessed a variety of conflicting developments in recent months. Most recently, this includes Coinbase Wallet’s decision to end support of XRP, as if it suspects an unfavorable outcome (although it’s likely that very few, if any, XRP holders used Coinbase Wallet).
It’s worth pointing out that Coinbase submitted an amicus brief in support of Ripple at the end of October, something it wouldn’t do if it believed Ripple is likely to lose. And it wasn’t the only company to file such a brief, with Ripple successful in having 14 such briefs (including Coinbase’s) submitted to the court, while the SEC managed to submit only one.
This definitely weighs in Ripple’s favor, along with the various positive rulings it has secured over the past year or so. Accordingly, it has every chance of securing a good settlement or summary judgment, either of which will serve to boost XRP’s price considerably.
XRP’s all-time high currently stands at $3.40 (set back in early 2018), and it remains a good bet that it will return to such levels in the event of a victory, at least in the medium-to-long term. It may have to wait for a new bull market, however, which may take at least several months (if not longer) to appear.
Presale Altcoins
This means that anyone looking for a quick profit may have to turn elsewhere. And while 2022 has been a relatively bad year for profits, presales have helped traders beat market averages on more than a few occasions in the past 12 months.
Some presale coins have posted gains of over 1,000% after listing for the first time, with Lucky Block (LBLOCK) and Battle Infinity (IBAT) witnessed increases as high as 6,000% and 3000% during the summer, compared to their initial presale prices of $0.00015
Hoping to replicate such gains, the three altcoins below are all in the process of holding their token sales. All three boast solid fundamentals and promising platforms, giving each of them a good chance of growing well into the future.
FightOut (FGHT)
One of the newest projects and presales in the market, FightOut (FGHT) is a move-to-earn fitness app that combines real-life workouts with Web3 and the metaverse. Building on the foundations laid by earlier M2E platforms such as STEPN, it tracks and rewards not only steps taken, but all manner of workouts, as well as actions taken to lead a healthier lifestyle.
Launched only this week, its presale has already raised over $1.7 million, with $1 currently buying investors 60.06 FGHT tokens.
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Dash 2 Trade (D2T)
Running on Ethereum, Dash 2 Trade is a trading intelligence platform that provides investors with real-time analytics and social trading data, all of which can help them arrive at informed trading decisions.
The sale of its D2T token has raised over $9.82 million and is now in its fourth and final stage. It has also announced listings on BitMart and LBANK Exchange for early 2023, confirming that investors will indeed have the opportunity to enjoy some returns soon enough.
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Calvaria (RIA)
Calvaria (RIA) is a blockchain-based game in which players can collect, trade and do battle with NFT-based cards. A play-to-earn game, it also has the distinction of enabling users to play it without holding any cryptocurrency, something which could open it up to a wider audience.
RIA will be used within its ecosystem for purchasing in-game items and for staking, giving it a strong use case. The presale for the token has raised just over $2.4 million and is currently in its fifth stage, which happens to be its final stage.
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