XRP Price Prediction as XRP Spikes Up 2.3% Suddenly – Time to Buy?
The XRP price has risen by 1% in the past 24 hours, climbing to $0.559752 as the market as a whole gains by 1.5% today.
XRP is also up by 5% in a week and by 13% in the past fortnight, with the altcoin being one of many to benefit from last week’s market-wide rally.
And with the coin also having risen by 65% since the beginning of the year, it retains enough medium- and short-term momentum to rise again in the next few weeks.
XRP Price Prediction as XRP Spikes Up 2.3% Suddenly – Time to Buy?
XRP remains in the middle of an upswing, one which hasn’t finished playing out yet.
Its 30-day moving average (yellow) has only recently begun rising towards its 200-day average (blue), meaning that there’s still time before the current rally peaks.
Likewise, XRP’s relative strength index (purple) is rising once again towards 70, a few days after slipping a little to 60.
This shows that investor sentiment remains bullish, and that further gains are likely in the near term.
It’s also encouraging that the coin’s 24-hour trading volume continues to hover around $850 million, after having been as low as $275 million in the middle of October.
Again, this suggests that XRP remains in a growth stage, one which positivity regarding potential Bitcoin ETF approvals has caused.
Belief in incoming ETF approvals has majorly improve overall sentiment, with investors becoming more positive about the long-term direction of the cryptocurrency market.
This has fed into XRP, which has also benefitted from recent positivity surrounding the Ripple and SEC case.
In particular, the past couple of weeks saw the SEC withdraw from a planned trial on the question of whether Ripple execs knowingly aided and abetted the cryptocurrency firm in its violation of securities laws.
That the SEC has dropped this is a very positive sign for Ripple, with some commentators suggesting that the regulator now wants to settle with Ripple.
🚨BREAKING: Behind the scenes, the SEC and @Ripple may be working toward a settlement! #XRP
— JackTheRippler ©️ (@RippleXrpie) October 30, 2023
Of course, negotiating the extent of a settlement penalty may take several more months, something which accounts for why XRP hasn’t risen as strongly as it deserves.
Yet the coin’s fundamentals mean that, once the case completely ends next year, it will rally massively.
So now remains a good time to buy the token at a discount, especially when the XRP price could rise back to $1 in 2024.
Quicker Gains With Newer Altcoins
Because XRP is still waiting for the conclusion of all legal proceedings between the SEC and Ripple, it may not rally fully for several months.
Traders looking for faster gains may prefer to look elsewhere therefore, with certain newer alts and presale tokens proving especially lucrative this year.
One of the most promising presale coins available right now is TG.Casino (TGC), a decentralized gambling platform that has raised more than $1.5 million since opening its sale a few weeks ago.
Can't believe we hit $1.5 million raised in presale👏 👏
TG Casino is reaching new heights every day! $TGC pic.twitter.com/inIywJOu9q
— TG Casino (@TGCasino_) October 26, 2023
TG.Casino has quickly distinguished itself from other new projects by virtue of its unique model, with the online casino operating largely on popular social messaging app Telegram.
Its Telegram channel already has more than 5,000 members, a sign of how big it could become in the next few months.
In addition, its platform – which has already launched – boasts a comprehensive array of gambling experiences, from traditional card games to sports betting markets.
TG Casino doesn't sleep over weekends!
There are now 5000 of you in the Telegram community🤩 pic.twitter.com/xEc0faIFNN
— TG Casino (@TGCasino_) October 28, 2023
Players who place successful bets will receive native token TGC, which can also be staked in order to earn a passive income.
40% of the coin’s max supply of 100 million is going to the presale, which investors can join by visiting the official TG.Casino website.
1 TGC currently costs $0.1375, although this will rise in just under two days, meaning that newcomers don’t have much time left if they want a bigger discount.
But given how innovative and engaging TG.Casino looks set to be, TGC could rise even higher once it lists on exchanges in the next few weeks.
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.
