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Given the market slowdown, XRP price prediction remains bearish, as it has broken through a symmetrical support level at $0.3735. However, XRP is now trading just below the double-bottom support becoming a resistance level of $0.3565. Will XRP break the $3 mark? Let’s find out!
Vitalik Buterin has recently gone on the offensive against Ripple and XRP, focusing on the tokenomics and structure of XRP and making strong charges of centralization.
Earlier this week, he gave an interview with Bankless in which he dismissed suggestions that the company had become more decentralized in the face of criticism.
He said:
“A project in the crypto space needs to have some kind of chain data structure somewhere.”
Concerning the schism yet, he stated the corporation has not apologized for telling the US government that China has control over Ethereum (ETH) and Bitcoin (BTC).
“XRP has not apologized for claiming that Bitcoin and Ethereum are Chinese-controlled.”
XRP is a digital asset, and Ripple is a firm, according to Ripple’s CTO David Schwartz, who responded to Buterin’s views on Twitter by saying that Buterin “still doesn’t comprehend, or is pretending not to understand, that Ripple is a company.”
Buterin is one of many who think Ripple Labs’ monopoly on the XRP market is a sign of centralization. The Ripple community has attacked Ethereum, claiming that the cryptocurrency’s favorable SEC treatment is due to corruption (SEC).
Buterin responded to Ripple’s accusations that Ethereum and Bitcoin are Chinese-controlled assets by saying that XRP no longer has security from the digital asset community as a result of such outlandish claims.
As a result, it is exerting bearish pressure on XRP, causing its price to fall.
XRP Price Prediction
On the technical front, the XRP/USD pair is trading at $0.3455 with a slight bearish bias. XRP has broken through a symmetrical triangle pattern that had been sustaining it near $0.3730 on the 4-hour period. This is the same level where the 50-day moving average works as resistance, assisting in the decline of the XRP price.
On the downside, XRP is expected to find immediate support near $0.3465, with a bearish break of this level exposing it to $0.3210. The RSI and MACD indicators are also in a selling zone, indicating that a selling trend is possible. If demand rises, bullish pressure might break over the $0.3510 resistance level and aim for $0.3900 or $0.4110.
Alternative Coins with Huge Potential
Since the SEC case against XRP will take months to resolve, some traders have begun to explore elsewhere for speedier rewards. Here are some cryptocurrencies with a lot of upside in the immediate future.
FightOut (FGHT) – Presale Launches
FightOut, a new move-to-earn (M2E) fitness app and gym chain that aims to bring the fitness lifestyle to web3, has attracted the attention of investors who see the project as having the potential to revolutionize the current web3 M2E landscape, has launched its presale.
While existing M2E apps such as StepN only measure steps and require expensive non-fungible token (NFT) buy-ins to join, FightOut takes a more comprehensive approach to tracking and compensating users for exercise and activity that does not require any such buy-ins.
Because the presale raised over $2.86 million in just a few days, interested investors are urged to act quickly to secure their FGHT tokens at the current price of 60.06 USDT per 1 USDT.
The FGHT coin will power the FightOut crypto ecosystem.
Visit FightOut Now
Dash 2 Trade (D2T) – Presale Enters Final Stage
Dash 2 Trade is a promising cryptocurrency trading platform startup in which to invest. With its unique features, the upcoming analytics and social trading platform are expected to take the crypto trading sector by storm.
Trading signals, social sentiment and on-chain indicators, a presale token scoring system, a token listing alert system, and a strategy back-testing tool are among the features.
The Dash 2 Trade ecosystem will be powered by the D2T token, which users must purchase and hold in order to use the platform’s services. Dash 2 Trade is currently conducting a token presale at significantly reduced prices, with sales barely exceeding $10.8 million.
Tokens can now be purchased for $0.0533 per token and will be available on multiple centralized exchanges within the next month.
Visit Dash 2 Trade here
Calvaria (RIA) – Final Presale Stage Now
A new play-to-earn battle card crypto game called RIA could become a reality. Calvaria’s mission is to increase cryptocurrency acceptance through the creation of a bridge between the real world and cryptocurrency in the form of a fun and simple-to-play crypto game. Calvaria’s RIA token presale may pique the interest of investors.
Calvaria has now raised $2.57 million and is closing in on the end of its fundraising campaign, with only 17% of tokens remaining.
Visit Calvaria Now
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