XRP Price Could Hit $3 in 2023 After Its Lawsuit Is Over but This Low Cap Gem Could See Even Bigger Gains – Here’s Why
The crypto market is largely unregulated given the lack of a centralized entity behind it.
However, regulatory agencies are currently looking to clamp down on supposed excesses of the nascent industry.
The most popular legal case is Ripple Labs and the US Securities and Exchange Commission (SEC).
Started in December 2020, there is growing confidence that the Ripple blockchain will be able to prove that it is not a security.
So far, the cross-border payment network is holding its grounds and investors are waiting for a judgment on the 24-month-old case.
In the event that Ripple wins its case against the SEC, market experts believe that the XRP token could surge to $3 in the coming months.
While this might be promising, investors are also keeping a close watch on another promising crypto project called yPredict.
Powered by AI, it allows crypto users to easily predict the movement of crypto prices using powerful algorithms.
Could it be the next crypto gem? All signs are affirmative.
XRP Riding the Bullish Waves With The Market
At press time, the XRP token is trading at $0.479, reflecting a 0.26% increase in the past day.
Given this recent upsurge, the XRP asset has a fully diluted market cap above $48 billion.
The asset's 24-hour trading volume stands at over $444 million with a downtrend of 38.42% over the past 24 hours.
However, this is not where the promising signs end. XRP has posted a 1.67% weekly gain but suffered a net loss of 9.78% in the last 30 days.
However, it picked up the bullish streak in its 90 days chart with its token price up 16.06% and its year-to-date (YTD) figure standing at 41.61%.
This shows that the asset is currently bullish in the longer term.
Meanwhile, XRP’s current price slightly overshadows all its moving average (MA) indicators, ranging from the 50-day MA value of $0.4694 for the short-term and the 200-day MA value of $0.4157 for the long-term.
The cross-border payment token’s moving average convergence divergence (MACD) is clearly indicating a sell signal while its relative strength index (RSI) oscillator figure of 49.85 shows that it is in the underbought region.
A low RSI presents an opportunity for investors to buy XRP and rise with the market.
While the potential of XRP winning its case would broker well for the blockchain network, a new generation AI-powered tool allows investors to gain valuable insights on assets to buy and when to exit their positions.
yPredict: Predictive AI Tool for Next-Gen Crypto Investors
The yPredict platform is an all-in-one AI ecosystem specifically built for developers, traders, quants, and analysts.
The platform is a next-gen trading research and analysis platform to get real-time data-driven insights for better trading decisions.
The platform is developed by the top 1% of AI developers and financial experts to create an AI-powered prediction model changing the financial markets game forever.
The yPredict.ai ecosystem leverages the power of Artificial Intelligence (AI) and Machine Learning (ML) to create a one-of-a-kind platform.
The platform boasts AI-driven analytical tools and platforms duly designed to supply analytics and insight through finessed financial prediction methods and metrics.
This would enable its users to make data-driven trading decisions.
Financial markets are usually dubbed unpredictable due to a significant volume of trades being carried out through very sophisticated algorithms constantly changing the price structure dynamics.
As financial markets are always stuck with several complexities, traders are left without a wedge or proper knowledge as the majority of markets depend on news, public opinions, and or trading signals on social media to make critical trading decisions.
The platform also provided a prediction marketplace where financial experts can offer their signals generated from the predictive models on a monthly subscription plan.
$YPRED token, the native asset of the yPredict platform is selling fast in its presale as investors rush to cop the asset for its large utility potential and proposed massive gains.
The asset currently in presale has garnered a whooping $455,626.35 tearing through its fourth round of investment raise.
Early-bird investors can snap up the asset at a current value of $0.05.
This will allow them to make over 28% in profit once the presale price climbs to $0.07 and 140% once it lists at $0.12.
Buy YPRED Here
Disclaimer: Cryptocurrency projects endorsed in this article are not the financial advice of the publishing author or publication - cryptocurrencies are highly volatile investments with considerable risk, always do your own research.