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XRP Price Prediction as Ripple CEO Says He’s ‘Optimistic’ for 2023 – Here’s What it Means for XRP

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XRP price prediction

XRP is currently exhibiting a bullish trend, as it has managed to maintain its upward momentum despite a dip below $0.30. To continue this positive trend, it is important for XRP to hold above its support at $0.35. Here’s where XRP is headed next.

XRP Price Ready to Spike Again Bolstered by Garlinghouse’s Positive Sentiments

The CEO of Ripple, Brad Garlinghouse, recently tweeted that he is cautiously ‘optimistic’ for 2023 as it may be the year we finally see a breakthrough.

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There are ten politicians in the 118th Congress who are known for their bipartisan and bicameral leadership, according to Garlinghouse. These include Patrick McHenry, Representative for North Carolina’s 10th District; Glenn “GT” Thompson, Representative for Pennsylvania’s 15th Congressional District; and Tom Emmer, Congressman for Minnesota’s Sixth District.

Authorities are yet to come up with concrete definitions of what constitutes a “digital asset security.” Garlinghouse proposes a Securities Clarity Act and Clarity for Digital Tokens Act (safe harbors), among other bills.

“No bill is perfect and there likely never will be one that satisfies everyone. But perfect shouldn’t be the enemy of progress – these proposals provide more than a starting point for debate in this new Congress. The stakes couldn’t be higher,” Garlinghouse explained via a Twitter thread.

The lack of coordinated global crypto regulations is causing businesses to flock to countries with minimal restrictions, which can have negative consequences such as the recent collapse of FTX exchange. He believes that countries like Singapore, Brazil, and those in the European Union have more developed crypto frameworks, while the United Kingdom is far ahead of the US in this regard.

Ripple CEO Brad Garlinghouse has called for regulatory clarity in the United States as the company awaits a final court ruling in its case with the Securities and Exchange Commission (SEC). Both parties submitted their final arguments in 2022, and the decision is expected to be announced in the first half of 2023.

XRP Price Breakout Beckons

XRP price is close to breaking above a critical falling trend line (dotted). A daily close above this level would pave the way for gains to the 200-day Exponential Moving Average (EMA) (in purple) at $0.44 in confluence with the upper descending trend line. The Relative Strength Index (RSI) affirms that buyers have the upper hand as it rebounds from the midline toward the overbought area, above 70.00.

XRP/USD daily chart
XRP/USD daily chart

Whales who sold XRP before Christmas appear to be filling their bags again amid optimistic sentiments for 2023. On-chain data from Santiment shows addresses with 1M to 10M tokens now hold 7.2% of the network’s total supply. A similar recovery pattern is reflected in the investment tier with 10M to 100M tokens, which currently hold 7.3% of XRP’s total supply.

XRP Supply Distribution
XRP Supply Distribution

If XRP is able to break through the resistance at $0.56, it is expected to continue rising and reach a medium-term resistance level of $1. However, if it fails to break above the dotted trend line, buyers may need to wait for a retest of support at $0.30 before continuing to push the price up.

Altcoins to Consider for Quick Gains

With broader cryptocurrency markets having performed poorly in recent weeks, investors may be looking to diversify their holdings with the pre-sale tokens of promising, up-and-coming cryptocurrency projects.

The market-wide rebound comes when investors consider which crypto assets to remove or add to their portfolios. Many are banking on relief rallies, but major events like the US CPI and the FOMC meeting later this month may decide which direction the market takes.

However, investors could consider altcoins with the potential to rally. These tokens, in their presales, are built on sound technologies to ensure value creation and immediate returns after listing on exchanges.

Fight Out (FGHT) – Latest Presale Launch 

Fight Out (FGHT) is an Ethereum-based move-to-earn platform that combines real-life workouts with Web3. Taking the lead from earlier M2E platforms such as STEPN, it will track and reward a wide range of workouts, including boxing, weightlifting, and yoga, while also offering a range of in-app and IRL courses at its own branded gyms.

Launched last month, its token sale has already raised over $2.6 million, with 1 FGHT currently going for $0.0166 (this will increase in later stages of the sale). Investors can participate by going to its official website and connecting their Connect Wallet or MetaMask wallets.

Visit Fight Out Now

Dash 2 Trade (D2T) – Just 2 Days Left

Also running on Ethereum, Dash 2 Trade is a trading intelligence platform that is set to launch in the next few months, when it will provide real-time analytics and social trading data. It offers investors of all experience levels all the resources and tools they could need to improve their trading performance.

The sale of its D2T token has raised over $13.2 million and is due to end in only two days. It has also announced listings on BitMart, Changelly Pro, and LBANK Exchange for early 2023, with the first due this time next week (January 11).

Visit Dash 2 Trade Now

C+Charge (CCHG) 

C+Charge (CCHG) is a peer-to-peer payment network for electric vehicle (EV) charging stations, one which aims to democratize access to carbon credits. Based on BNB Chain, it launched the sale for its native CCHG token before the end of 2022, with CCHG set to be used within its network by EV owners to pay to charge their vehicles.

C+Charge will also reward users with carbon credits for charging their EVs at its stations, while the platform has already signed a deal with Perfect Solutions Turkey, adding 20% of the EV chargers in Turkey to its network. 

Visit C+Charge Now

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