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

Price Prediction Ripple XRP
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
Ad Disclosure
Ad Disclosure

We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Author
Simon Chandler
Author Categories
About Author

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Ad DisclosureWe believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. Read more
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.

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.

More Articles

Altcoin News
Gold-Backed Altcoins Boom as Major Banks Raise Price Predictions: Which Coins to Get
Arslan Butt
Arslan Butt
2025-02-09 12:55:24
Altcoin News
Coinbase Holds Over $420 Billion in Digital Assets for Users, Exceeding 21st Largest US Bank
Ruholamin Haqshanas
Ruholamin Haqshanas
2025-02-09 12:28:56
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors