The XRP price has inched up to $2.25 today, with the coin remaining in the green as the crypto market as a whole falls by 2.5% in the past 24 hours.
XRP is now down by 2.5% in a week but up by 3% in a month, with the token also retaining a 333% increase in the past year.
The coin’s gains today come after Ripple announced that its RLUSD stablecoin had received regulatory approval in Dubai, and after CEO Brad Garlinghouse denied that the firm had made an offer in April to buy Circle.
Given the company’s ongoing growth, and given the likely end of its long-running legal battle with the SEC this year, the long-term XRP price prediction continues to look very promising.
XRP Price Prediction for June: Will Ripple Finally Break Past $10?
XRP’s chart is interesting, in that its two main indicators – the 30-day average (orange) and the relative strength index (purple) – are telling different stories.
On the one hand, the RSI is rising again after falling below 40 a week ago, while it had been low for much of February, March and April, meaning that a big rebound should be coming.
Source: TradingViewOn the other hand, XRP’s 30-day average has been significantly above the 200-day (blue) since early November, so this would actually suggest that a bigger correction should be coming.
However, it’s arguable that Ripple’s unique position justifies disregarding the 30-day to some extent, in that XRP had been in an oversold position for so long (prior to November) on account of Ripple’s damaging legal battle with the SEC.
It can therefore afford to remain elevated for a while longer yet, with the XRP price still arguably well below where it should be, based on the promise of Ripple’s business.
Indeed, the past few days have seen Ripple gain regulatory approval for its RLUSD stablecoin in Dubai, which is increasingly become an important area for crypto and stablecoin use.
And once a final settlement between Ripple and the SEC arrives later in the year, the impact on the XRP price could be hugely positive.
The ongoing tariff drama may also have a strong bearing on XRP’s price in the coming weeks, with the Trump administration doubling tariffs on imported steel this week.
However, if the US and its trading partners can strike deals in the next few months, then the market could warm up again.
In such a context, the XRP price could reach $3 by the end of July, $4 by Q4 and $5 by the end of the year.
High-Risk, High-Reward: Why Presale Tokens Like SNORT Are Catching Fire
Because XRP is such an established coin, it may not experience the kind of wild surges that sometimes happen with smaller cap tokens.
In which case, traders seeking such gains may want to diversify into newer, small-cap coins, including presale tokens.
Such tokens can sometimes rally strongly when they list for the first time, particularly if they gained momentum and popularity during their sales.
And one example gaining popularity right now is Snorter (SNORT), a Solana- and Ethereum-based trading bot.
It opened its presale last week, and has already raised in excess of $400,000, with its X account also attracting more than 10,000 followers.
These are promising signs of Snorter’s future growth, with investors warming to the project’s plans of launching an advanced trading bot.
The Snorter trading bot will be geared towards automated sniping, enabling users to buy new tokens before they surge for the first time.
Other features include copy trading, limit orders, atomic swaps and rugpull protection, making Snorter one of the most comprehensive trading bots in the market right now.
And the SNORT token itself is bullish because it is necessary to pay for Snorter’s features, meaning that the coin could experience strong demand as the bot gains adoption.
Investors can join its presale at the Snorter website, where SNORT is selling for $0.0941.
This price will rise tomorrow and will continue to rise until the sale ends, so interested parties should act sooner rather than later.
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