XRP Price Prediction as $1 Billion Trading Volume Comes in – XRP to the Moon?

Investors remain uncertain about the continued Ripple vs. SEC warfare, so the XRP charge prediction stays neutral. Jake Chervinsky, Executive Vice President and Head of Policy at Blockchain Association, Advisor at Variant Fund, and Board Member at DeFi Education Fund, remarked that the opinions of the US SEC are "incorrect as a matter of law and policy."

Recalling that on December 22, 2020, the SEC "filed a case against Ripple Labs Inc. and two of its executives, who are also big safety holders, charging that they raised over $1.3 billion via an unregistered, ongoing digital asset securities offering"?

The SEC is now suing Ripple, and yesterday, the Blockchain Association filed an amicus brief supporting a correct interpretation of Howey.

Yesterday, Chervinsky tweeted that the SEC's position "is erroneous as a matter of law and policy," referencing a 30-page brief written by the Blockchain Association.

All of this is good for XRP and may contribute to its cost advantage bullish momentum.

Tokenomics and the XRP Price

The present day XRP rate is $0.472, and the 24-hour trading volume is $1.2 billion. XRP is up over 2% within the last 24 hours, with CoinMarketCap now ranking #6 and a market cap of $23 billion. There is 50.50 billion XRP cash in circulation, with a maximum supply of 100,000,000,000 XRP coins.

XRP Price & Tokenomics - Source: Coinmarketcap

The XRP token is gaining traction as the SEC-Ripple battle nears its conclusion, and investors appear to be bracing for an upward trend. On a daily basis, the XRP/USD pair is trading sideways, with immediate support near $0.4715, backed up by an upward trendline. 

On the upside, XRP may additionally come upon resistance at $0.520 and $0.557. A in addition to the spoil of the $0.557 stage, but would possibly disclose XRP to the $0.00616 degree.

The price of XRP is expected to rise above its all-time high of $3.40.

New Crypto Presales

 

It is possible that the Ripple agreement will not appear until the second quarter of 2023, which will be disappointing for buyers hoping for a quick profit.

Even in a dismal crypto marketplace, speculative traders can make a rapid and full-size profit from pre-sales of recent cryptocurrencies.

Dash2Trade (D2T) 

The Dash 2 Trade pre-sale has already raised more than $3.1 million in less than two weeks. This sum reflects the wonderful appreciation for the Ethereum-based total change intelligence platform. The platform is anticipated to be released within the first quarter of 2023, presenting investors with a huge range of actual-time analytics and social facts.

In much less than two weeks, the pre-sale degree 2 has raised $3,120,703 out of a total of $5,166,000 at a price of one D2T = zero.0513 USDT.

IMPT 

We've been keeping a watch on the IMPT token pre-sale, a brand new cryptocurrency that recently raised over $11 million.

By the time that is posted, more than eleven million ($eleven,353,995) has been raised out of a complete requirement of $25.Nine million for the second round of the pre-sale, which increases the rate to $zero.023.

If you have not yet purchased an IMPT coin, you can nonetheless participate in the pre-sale with the aid of going to the IMPT website.

Calvaria (RIA) 

Calvaria (RIA), now on pre-sale, is another GameFi project that many human beings may be interested in. The task is a P2E warfare card sport wherein players can duel, earn, and upgrade cards with attractive and lovely designs. 1 USDT presently buys 66.67 RIA tokens, and the task has already sold 75% of the tokens, raising $568,707 inside the system.

Tokens are being promoted quickly and might not be available for plenty of time, so absolutely everyone interested in taking part in the pre-sale must act quickly.