The XRP price has jumped by 3% today, rising to $0.608281 as fresh Bitcoin ETF approval rumors push the wider market towards a 4% gain in 24 hours.
XRP’s current value represents a 2% loss in a week and a 1% fall in the last 30 days, although the altcoin remains up by 78% since the beginning of the year.
And with the coin’s price climbing over $0.60 after a few days of declines, it looks set to have a strong end to 2023, and perhaps an even stronger 2024.
XRP Price Prediction as XRP Spiles Up 3.3% to Breach $0.60 Resistance – Sign of a Strong Comeback?
It’s arguable that XRP is in a very good position for a comeback, given that its indicators have signalled overselling for several weeks now.
Its RSI (purple) has struggled to clear 50 since the middle of November, and had actually dropped to around 45 before today’s little boost.
Source: TradingView
Likewise, XRP’s 30-day average (yellow) has remained pretty much flat since early December, a sign that the coin has been failing to build some real momentum.
On the other hand, XRP’s support level (green) has prevented any major falls in the past couple of months, so even if the altcoin doesn’t mount a big comeback anytime soon, it’s unlikely to fall back to the levels it recorded in the summer.
As for when the XRP price will recover strongly, it may still take a little more time, with data suggesting that whales are still more likely to sell their holdings at the moment.
26,200,000 #XRP (15,837,910 USD) transferred from unknown wallet to #Bitstamphttps://t.co/JGOI3fiO6I
— Whale Alert (@whale_alert) December 18, 2023
Despite such negativity, today’s uplift may be the beginning of greater bullishness, both in the market in general and with particular regards to XRP/
That’s because, as noted above, details have emerged which suggest that BlackRock’s proposed Bitcoin ETF will secure SEC approval.
In particular, a recent filing reveals that the ETF has received its own (IBIT) ticker, while it has also emerged that the fund would use a cash-redemption model, a detail which is likely to make approval likelier.
For this reason, the market could rally big in the next few weeks, pushing XRP along with it.
Meanwhile, XRP’s own fundamentals are likely to help it rise even further later in 2024, when Ripple is likely to reach a full and final settlement with the SEC.
The XRP price could therefore reach $1 in the first few months of 2024.
New Altcoins with Strong Fundamentals
While XRP should eventually enjoy some big gains once again in the next few months, traders looking for above-average returns in the shorter term may be better off looking to newer coins and presale tokens.
Presale tokens can often rally big once they list on exchanges for the first time, given the amount of momentum they build during their sales.
And one new project that has built plenty of momentum is TG.Casino (TGC), a decentralized gambling platform that has raised more than $4.6 million in its popular sale.
And another one!
Getting so close to $5 million pic.twitter.com/SZKNToqL21
— TG Casino (@TGCasino_) December 19, 2023
There are a couple of major reasons as to why TG.Casino’s presale has done so well, with the first being that it has actually already launched its online casino platform.
Secondly, as the platform’s name suggests, it operates its casino on Telegram, which it has harnessed to help build out its community of users in record time.
Indeed, its Telegram channel now counts just over 11,000 subscribers, which is a very impressive number for such a young project.
It’s also worth pointing out that TG.Casino’s platform features a comprehensive array of different experiences, from traditional card games to sports betting markets.
Its platform pays out winnings in the form of the TGC token, which holders can also use for staking.
Another HUGE entry into the $TGC presale
$43,411 buy to push us closer to the final goal! pic.twitter.com/L7kVPRQb5k
— TG Casino (@TGCasino_) December 19, 2023
And while the sale doesn’t have very long left to run, investors can still join by visiting the official TG.Casino website.
1 TGC costs $0.19, yet this could rise much higher once the coin lists on exchanges, given its strong fundamentals and growing popularity.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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