Given the market slowdown, the price prediction for XRP remains bearish after breaking the symmetric support level of $0.3735. XRP is now trading just below the double bottom support which became a resistance level of $0.3565. Can XRP Break Through the $3 Mark in 2023?
Vitalik Buterin recently went on the offensive against Ripple and XRP, focusing on “tokenomics” and the structure of XRP, commenting in particular on the centralization of the project.
Earlier this week he gave an interview to Bankless where he rejected suggestions that society had become more decentralized.
“A project in the crypto space needs to have some kind of on-chain data structure somewhere.”
Buterin also returned to the accusations made by Ripple against Ethereum (ETH) and Bitcoin (BTC).
“XRP has never apologized for claiming that Bitcoin and Ethereum are controlled by China.”
In response, Ripple’s CTO, David Schwartzsaid on Twitter that Buterin “still doesn’t understand, or pretends not to understand, that Ripple is a business.”
Buterin is one of many people who believe that monopoly on Ripple Labs in the XRP market is a sign of centralization as the Ripple community attacked Ethereum, claiming that the favorable treatment of the cryptocurrency by Securities and Exchange Commission (SEC) is associated with corruption.
Buterin responded to Ripple’s accusations that Ethereum and Bitcoin are Chinese-controlled assets by saying that XRP no longer has the support of the crypto community because of these outlandish claims. As a result, bearish pressure is currently seen on the price of XRP.
Price Predictions for XRP
On the technical side, the XRP/USD pair is trading at $0.3455 with a slight bearish bias. XRP broke a symmetrical triangle pattern that supported it near $0.3730 on the 4-hour time frame. This is the level where the 50-day moving average acts as resistance.
On the downside, XRP should find immediate support near $0.3465 and a further break below this level would expose it to $0.3210. The RSI and MACD indicators are also in a sell zone, supporting the possibility of selling pressure. However, if demand picks up, the bullish pressure could cause XRP to break through the $0.3510 resistance level and target $0.3900 or $0.4110.
Alternative cryptocurrencies with great potential
Since the lawsuit between the SEC and Ripple could take several months to conclude, some traders have begun to explore alternatives for faster gains. Here are some cryptocurrencies that have strong upside potential in the near future.
FightOut (FGHT): launch of the pre-sale
FightOut, a new move-to-earn (M2E) fitness app and fitness chain that aims to bring the fitness world online3, has launched its pre-sale. The project has caught the attention of investors and could revolutionize the current web3 M2E landscape.
While existing M2E apps, such as StepN, only measure steps and require the purchase of expensive non-fungible tokens (NFTs) to participate, FightOut takes a more comprehensive approach to tracking and compensating users for exercise and activity, requiring no such purchase.
As the presale has raised over $2.86 million in a few days, interested investors are encouraged to quickly take the necessary measures to secure their FGHT tokens at the current price of USDT60.06 per token.
The FGHT token will power the FightOut crypto ecosystem.
Dash 2 Trade (D2T): The pre-sale enters its final phase
Dash 2 Trade is a startup crypto trading platform that has many unique features. The social analysis and trading platform could very quickly establish itself as a reference in the crypto trading sector.
Trading signals, social sentiment and on-chain indicators, a pre-sale token rating system, a token listing system and a strategy back-testing tool are included in the features of the platform.
The Dash 2 Trade ecosystem will be powered by the D2T token, which users must purchase and hold to use the platform’s services. Dash 2 Trade is currently pre-selling tokens at significantly reduced prices, with sales barely exceeding $10.8 million.
Tokens can now be purchased for $0.0533 and will be available on several centralized exchanges over the next month.
Calvaria (RIA): The pre-sale is entering its final phase
This new battle card game is powered by a cryptocurrency called RIA. Calvaria’s goal is to help drive cryptocurrency adoption by creating a bridge between the real world and crypto in the form of a fun and easy-to-play crypto game. The presale of the RIA token attracted many investors.
Calvaria has now raised $2.57 million and is nearing the end of its fundraising campaign, with only 17% tokens remaining.
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