On Friday XRP is up 2% in the past 24 hours, while nearly all other major cryptocurrencies were down. XRP has now gained 4.4% over its weekly low of $0.31 a few days ago and is trading at $0.4083.

XRP Technical Analysis and Price Prediction

From Nov. 21-24, XRP moved from $0.34 out of a symmetrical triangle and above the 20-day EMA ($0.40), showing significant bullish momentum. The buyers are now attempting to push the price higher past resistance at $0.41

If they’re successful, XRP could see a significant price increase up to $0.50 and potentially all the way to $0.56.

However, if the bears have their way, they will halt the recovery at $0.41 and drag the price back into the triangle. This could result in many bullish investors getting trapped, causing a fast draw down to support at $0.34 or below, depending on wider market conditions.

For now, XRP appears to be on an upward trajectory as investors may be optimistic that the SEC v Ripple legal battle will end positively for XRP holders after recent news.

Ripple (XRP) Lawsuit News and Fundamental Analysis

There have been widespread rumors of a close partnership between Ripple Labs and Bank of America for quite some time now. A Nov. 21 tweet from Linqto that has been making the rounds on social media has rekindled this rumor—reporting Ripple CEO Brad Garlinghouse as saying “Bank of America is a huge partner of Ripple”.

Nick Burrafato, Linqto Director of Member Sales, explained that during Ripple Swell 2022 in London Garlinghouse told him Bank of America is just waiting for Ripple’s ongoing court case with the SEC to settle before using the company’s on-demand liquidity (ODL) products.

Although Ripple’s odds of success in the SEC legal battle appear to have gone down this month when LBRY Inc. lost a similar suit, it has since filed 14 amicus briefs before the Nov. 18 deadline—13 more than the SEC could manage. Consequently, and with other small successes under its belt in recent months as well, there’s still every chance that Ripple will gain a positive verdict and XRP could begin a major price pump.

Despite Garlinghouse being confident that XRP will win its case, opening the door for XRP to enter a number of banking partnerships, XRP investors should remain cautious. Securities laws are complicated and unpredictable, so an unfavorable result in the SEC v. Ripple case could lead to a brutal and fast price decline for XRP.

Potentially Safer Crypto Investment Options

Because of this risk, it might be wise for investors to diversify their portfolios, including adding some presale lower-priced tokens to the mix. Tokens with strong fundamentals that are currently doing well in their presales include D2T, TARO, and IMPT.

Dash 2 Trade (D2T)

Dash 2 Trade is a social trading and crypto analytics platform that uses features like trading signals, on-chain analysis, and bespoke scoring to help investors make informed decisions about investments. Some of Dash 2 Trade’s features include:

  • Social sentiment analysis to spot trending coins
  • Strategy builder and social trading tools for easy trading and strategy adoption
  • Crypto listing alerts to get new listings announcements benefits
  • Trading competitions for subscribers

D2T’s presale is a huge success, raising over $7 million since its launch. The developers have decided to end the presale in stage 4 and bring down the hard cap target to $13.4 million because product development is ahead of schedule and the team feels it’s important to get the product to market due to pent-up demand.

Following the FTX fiasco, retail investors will find Dash 2 Trade’s products extremely useful for carrying out due diligence. The project will list on BitMart and LBANK Exchange at the beginning of 2023.

Visit Dash 2 Trade Now

RobotEra (TARO)

RobotEra is a game that takes place in a futuristic robot-themed world. In this world, players can buy and own virtual real estate, purchase in-game assets tied to NFTs, and build their own games and experiences. The TARO token allows players to do all of this within the RobotEra Metaverse.

1 TARO is currently $0.020 USDT (purchased using USDT or ETH), but the price will increase to $0.025 in stage 2 of the presale, which starts soon.

Visit RobotEra Now

Impact Project (IMPT)

The Impact Project is looking to use blockchain technology in the fight against global warming. Their IMPT token could be the best asset for investors looking to fund environmental, social, and government (ESG) initiatives to fight climate change.

Since its launch a few months ago, the platform has partnered with thousands of affiliates, including big names like Amazon, Netflix, and Microsoft. All of these companies have committed to donating portions of their revenue towards climate change initiatives in collaboration with IMPT.

IMPT, the platform’s token, has raised over $12 million during its presale. The token is currently in its second stage of and costs $0.023 per token, following a 27.7% price increase from the first stage. By the end of the third and final stage, the token will cost $0.028.

IMPT - New Eco Friendly Crypto

Our Rating

IMPT token
  • Carbon Offsetting Crypto & NFT Project
  • Industry Partnerships, Public Team
  • Listed on LBank, Uniswap
  • Upcoming Listings - Bitmart Dec 28, Gate.io Jan 1st
IMPT token