XRP Price Prediction – Can XRP Reach $4 By 2023?

XRP continued its bullish trend over the weekend – although it sold off sharply on Monday before finding support.

The seven-day chart remains extremely bullish, with XRP up 16% compared to this time last week and 45% over the past month.

XRP had been as high as $0.54 in the morning hours on Monday before a pullback to the current price of $0.5158.

Trading volume for XRP remains high, trailing only Bitcoin, Ethereum and the three largest stablecoins (USDT, USDC and BUSD).

While the overall crypto market fell by 0.4% to $936 billion, XRP increased by a whopping 61% to $2.2 billion.

XRP Bullish in the short term

As CryptoNews analyzed on Saturday, XRP remains a bullish play in the short term.

Bulls have taken over the market, and broader market sentiment is positive, given the impression that Ripple may win its two-year lawsuit against the US Securities and Exchange Commission.

October is a traditionally bullish month for the crypto market and as mentioned in the article above, the Fibonacci retracement continues which could see XRP break out to as high as $0.65 to $0.70.

Ripple Winning SEC Lawsuit?

There has been a lack of big news about the lawsuit over the past week, but investors remain optimistic that Ripple is headed for a landmark victory.

Earlier landmark announcements saw a US district judge allow Ripple to use the emails of a former SEC employee as part of its defence.

The emails from former Corporation Finance Division director William Hinman see him allegedly describe Ethereum as not a security.

They are a cornerstone of Ripple’s defense, and the company denies that XRP is a security, since the ICO never included an investment contract.

They argue that finding XRP a security would mean that gold, silver and art should be considered securities – they are currently considered commodities and do not fall under SEC jurisdiction.

Earlier in September, Ripple CEO Brad Garlinghouse seemed confident that his company would win the case.

“You have to remember that 99.9% of XRP trading has nothing to do with the Ripple company. So when you talk about, okay XRP is a security, I go back to something I said years ago when they started: ‘ A security for which company?Who is the owner?

“I think it’s very clear that there is no investment contract. If you get past the investment contract, which I think is difficult, across the Howey test, you have to meet all three prongs, and in the case of the XRP case, you can ‘ t meets all three points for sure.

“And so we think the judge will see that the law is very clear, we think the facts are clear and that this is just a gross overreach by the SEC trying to wrest control over the uncertainty that has existed.”

XRP Price Prediction: $4 by 2023?

With the broader crypto market struggling in bearish conditions for most of 2022, it is difficult to see new all-time highs in the near future.

However, the bear market won’t last forever and XRP could make incredible gains if they win the lawsuit.

With both sides agreeing to a summary judgment, which should see a ruling announced in the coming months, XRP could break out in 2023.

A court victory would not only end any uncertainty surrounding XRP and Ripple, but it would also effectively be the first cryptocurrency to be regulated by the US government and courts.

Given the strong underlying capability of Ripple’s Ledger, institutional investment is expected to be huge if a court case prevails.

Banks and governments are expected to adopt Ripple on a mass scale, which should see it test its January 2018 all-time high of $3.84.

As we noted last week, under the right circumstances, XRP could even break as high as $10 and beyond in the coming years.

IMPT surpasses $2.7 million in pre-sales

Another project expected to be a big hit in 2024 is IMPT, an eco-friendly protocol that wants to help ease the climate crisis by allowing users to easily offset their carbon footprint.

IMPT is the initial token for the Impact Project, a platform that aims to use blockchain technology in the fight against climate change. Through IMPT, users can purchase carbon credits to offset their carbon footprint.

The developers are looking to improve transparency and efficiency in the fight against rising global temperatures, making IMPT an ideal coin for ESG-focused investors.

The project has already raised more than $2.7 million, with $500,000 coming in the first 48 hours alone, showing impressive investor demand.

Those who want to get involved in a project early doors can follow this step-by-step guide on how to buy IMPT.

Visit IMPT now