What are the latest price discounts for XRP?
Given the market slowdown, price discounts for XRP remain bearish, following the break of the symmetric support level at $0.3735. XRP is now trading just below the double bottom support which became a resistance level at $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, and notably commented on the centralization of the project.
Earlier this week, he gave an interview to Without bank in which he dismissed suggestions that society had become more decentralized.
He stated :
“A project in the crypto space has to have some sort 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 the monopoly of 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 the Security and Exchange Commission (SEC) is linked to corruption.
Buterin responded to Ripple’s claims 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 was supporting it near $0.3730 on the 4-hour time frame. This is the level where the 50-day moving average functions 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 increases, the bullish pressure could cause XRP to breach the $0.3510 resistance level and aim for $0.3900 or $0.4110.
Alternative cryptocurrencies with great potential
As the lawsuit opposing the SEC against Ripple could take several months to conclude, some traders have started exploring 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 gym chain that aims to bring the fitness world into the web3, has launched on pre-sale. The project has captured the attention of investors and could revolutionize the current web3 M2E landscape.
While existing M2E apps, such as StepN, only measure steps and achieve the purchase of non-fungible tokens (NFTs) allowed to participate, FightOut takes a more comprehensive approach to tracking and compensating users for the exercise and activity, which does not require such purchases.
With the pre-sale leveraged over $2.86 million in just a few days, investors were urged to take the necessary steps quickly to secure their FGHT tokens at the current price of 60.06 USDT per token.
The FGHT token has powered the FightOut crypto ecosystem.
Dash 2 Trade (D2T): the pre-sale enters its final phase
Dash 2 Trade is an up-and-coming crypto trading platform startup 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 quote alert system and a strategy back-testing tool are included in the features present on the platform.
The Dash 2 Trade ecosystem will be powered by the D2T token, which users will need to purchase and hold in order to use the platform’s services. Dash 2 Trade is currently conducting a pre-sale of tokens at discounted prices, with sales barely exceeding $10.8 million.
The 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 enters its final phase
This new fighting card game is powered by a cryptocurrency dubbed 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 pre-sale of the RIA token provided many investors.
Calvaria has now raised $2.57 million and is nearing the end of its fundraising campaign, with just 17% tokens remaining.
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