The XRP price has experienced a 5% increase within the past 24 hours, peaking at $0.502702. This growth is largely attributed to the anticipation that Ripple will emerge victorious in their ongoing case against the SEC. The current value of XRP represents an 8% rise within a week and an 18% growth over the past fortnight. Alongside these positive statistics, the altcoin has risen by a staggering 47% since the start of the year.
In the midst of circulating rumors that the Ripple-SEC case is drawing to a close, recent SEC email releases suggest that the final verdict may lean heavily in Ripple’s favor. This could potentially catapult XRP into a massive rally over the next few weeks. However, XRP isn’t the only altcoin facing the prospect of significant growth this year, as the Wall Street Memes presale has already exceeded $1 million in raised capital.
Inspections of XRP’s chart reveal a cryptocurrency brimming with undeniable momentum, showing no signs of decline. Most notably, XRP’s price and 30-day moving average have risen well above the 200-day average, indicating a potential long-term breakout. Furthermore, the coin’s relative strength index has crossed the 70 threshold in a few instances over the past couple of days, signaling robust buying pressure.
With the escalation of XRP’s 24-hour trading volume to $1.5 billion, up from $500 million over the weekend, it appears that an influx of investors has arrived, ready to buy into the coin. This surge in interest could be attributed to newly emerging details that bode well for Ripple in their ongoing legal case against the SEC – a development that could send XRP’s value skyrocketing from its current $0.50 valuation to $1 in a relatively short period of time.
However, as with any investment, there can be no guarantee that Ripple will achieve the desired outcome in their case against the SEC. Investors should remain cautious and consider diversifying their portfolios with newer altcoins and presale tokens, such as Wall Street Memes (WSM). A meme token associated with the r/wallstreetbets sub-Reddit, WSM’s presale has already raised more than $1.2 million, demonstrating the rapid interest it has generated amongst investors.
As the presale of WSM progresses and its listing on exchanges takes place, the token could experience a sharp increase in value, following in the footsteps of other new meme tokens, such as PEPE. The WSM presale will undergo 30 stages, with the current third stage offering WSM at a price of $0.02560000 and peaking at $0.03370000 by the sale’s end.
With 50% of Wall Street Memes’ token supply (out of 2 billion WSM total) allocated to the presale and 30% reserved for community rewards, the community-focused approach is poised to gain popularity in the market. Both the successful early stages of the WSM presale and its potential future surges on exchange lists serve as testament to this claim.
Source: Cryptonews
