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XRP Price Prediction as $2 Billion Trading Volume Comes In – $1 XRP Possible?

Simon Chandler
Last updated: | 3 min read

The XRP price has more or less held still at $0.5003 today, retaining its value as the wider crypto market suffers a 2% loss in the past 24 hours.

XRP also up by 3% in a week, in contrast to many other major tokens, although the altcoin has actually lost 3.5% in a month and is up by only 3% in a year.

This is a minuscule increase in relation to the vast majority of other top-100 tokens, with the likes of Bitcoin and Ethereum sitting on 147% and 100% gains, respectively.

However, XRP has underperformed largely because traders are still waiting on a final settlement in the long-running Ripple-SEC case, and with this settlement incoming soon, the XRP price could rally big.

$2 Billion Trading Volume Comes In – $1 XRP Price Possible?

Unlike many other tokens, XRP has actually grown in momentum in the past couple of days, with its indicators signalling the start of an upswing.

Its 30-day moving average (orange) climbed over the 200-day (blue) yesterday, forming a ‘golden cross’ that often points to a breakout.

XRP price chart.
Source: TradingView

XRP’s relative strength index (purple) has also begun rising very recently, moving up from 30 early this morning to over 50 as of writing.

It’s also very interesting to note that the coin’s trading volume has increased from $550 million yesterday to $2.2 billion today.

This is a big increase, with whales beginning to accumulate XRP again after a lull over the past few weeks.

And the reason why they have begun buying up XRP is that there’s a growing sense that a settlement between the SEC and Ripple could be imminent.

Ripple’s chief legal counsel, Stuart Alderoty, took to X yesterday to claim that the SEC has abandoned its aim of exacting a $2 billion disgorgement penalty from the company.

This claim, while not really true, is based on a recent submission from the SEC, which noted that if it applied criteria used in the recent Terraform Labs settlement to Ripple, it would seek a penalty of roughly $103 million.

However, the SEC also goes on to add, “that low of a penalty would not satisfy the purposes of the civil penalty statutes.”

As such, it’s unlikely that the regulator has abandoned its efforts to seek a higher fee, although some traders appear to have treated it this way.

Regardless, the market has oversold XRP for so long now that any final settlement is likely to see it surge.

It may reach $1 in the weeks or months following a settlement, particularly if the wider market picks up.

Newer Meme Coins Bringing Large Gains

Because there’s a chance we could be waiting a little while longer yet, some traders may prefer to turn to alternative coins for their gains.

This could come from other established alts, although it may actually be more profitable to look at one of the high-potential meme coins in the market right now.

One of the most promising is WienerAI (WAI), an Ethereum-based cryptocurrency that has raised $5.9 million in its ongoing presale.

This is a very encouraging figure, and the reason why WienerAI has been able to raise so much so quickly is because it boasts some solid fundamentals, in addition to its meme appeal.

As its name suggests, it will launch a generative-AI chatbot that traders will be able to ask investment-related questions, helping them to identify promising coins and time their trades.

There’s also a very handy atomic swap feature, so users can quickly pounce on any recommendations they receive from the bot.

One other nice inclusion is MEV protection, with the WienerAI platform enabling users to make trades ahead of front-running bots and arbitrageurs.

This gives WAI some solid utility, while the token will also have a cap of 69 billion, something which could make it deflationary over time.

Its appeal is also boosted by the ability to stake the token, so in combination with its utility and cap, this feature should result in an eventual supply squeeze.

WAI’s sale will end in the next couple of weeks, with investors still able to join at the official WienerAI website.

WAI is available at a price of $0.000719 per token, although this could rise massively once it lists.

Buy WAI Today

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.