The Ripple lawsuit against the Securities and Exchange Commission (SEC) is nearing its end and tension is mounting after the SEC fined Ripple $2 billion. The XRP community is waiting anxiously now that Ripple Labs still has 3 days to respond to the SEC.

Considering the lawsuit may soon reach its end, Ripple could soon be freed from the SEC and the XRP price could rise sharply as a result. That is why in this article we look at 3 reasons why XRP may soon experience a major pump.

What will Ripple do after the end of the lawsuit against the SEC?

The XRP price has risen +2% in the past 24 hours on Friday morning and is flat around $0.50, a strong resistance that has not been broken once this week. Ripple is still about -18% lower than a week ago due to the crypto market that has fallen sharply over the past 2 weeks, especially altcoins, many of which have lost 25% to 50% of their value.

The volatility of recent weeks is related to uncertain global conditions and the Bitcoin halving that could take place around midnight. The market could get a boost after the halving, but XRP itself could also see a big pump in the coming months, mainly for the 3 reasons below.

1. XRP price consolidates

If we look at the period before altcoins fell due to the crypto crash, we see that XRP remained consistently between $0.570 and $0.646. The formation of this consolidation could mean that there is not enough selling pressure for XRP to fall further (which of course there was after the crypto market crash).

XRP rate chart
XRP rate chart – TradingView

Once altcoins rebound, XRP could settle back into the $0.57 to $0.64 zone, but depending on buying pressure, XRP could quickly break above this zone.

2. More certainty about Ripple

Depending on Ripple Labs’ decision on Monday, April 22, and the final outcome of the Ripple lawsuit, investors may gain more certainty about XRP. The next major hearing is expected to take place on Tuesday, April 23, and could potentially be the last major hearing in the current lawsuit.

Thanks to the lawsuit between Ripple and the US regulator, XRP missed out on the 2021 bull run, but if the lawsuit ends soon, XRP could still be in time for the emerging crypto bull run, which could potentially be the biggest yet.

3. Bitcoin dominance is declining

Data from CoinGecko shows that Bitcoin dominance has fallen sharply over the past week. This simply means that the market capitalization of altcoins is growing proportionally more than that of Bitcoin.

Today, however, Bitcoin dominance has skyrocketed because the Bitcoin halving is just around the corner, which means Bitcoin is also +5% higher today. Whether Bitcoin dominance will decline again after the halving is still uncertain, but in the event that Bitcoin reaches a new ATH and consolidates, altcoins like XRP could get a big boost.

The coming week could be very important for XRP and in the short term the altcoin could go either way. If the lawsuit between Ripple and the SEC actually ends in the coming weeks, the XRP price could get a strong boost and quickly rise above $1.

Which altcoins will explode and can rise faster than XRP?

As just mentioned, XRP has a lot of potential to rise, but in the short term the altcoin could go either way. In addition, there are smaller altcoins that have the potential to rise much faster than XRP, even if everything goes well for Ripple.

In this article we look at the 3 most promising cryptos as an alternative to XRP, which are still for sale at a low price in the presale. These new altcoins could get a big boost from the Bitcoin halving and, with their low market capitalization, could potentially rise much faster than XRP.

Dogeverse (DOGEVERSE)

Blockchains such as Solana and base have exploded in popularity and therefore bring new opportunities for investors. The new Dogeverse (DOGEVERSE) is capitalizing on the popularity of these blockchains by launching the first ‘chain-traveling doge’.

DOGEVERSE is inspired by Dogecoin (DOGE) and will be tradeable on Ethereum, the Binance Chain, Polygon, Avalanche, Solana and Base. The new meme coin has attracted a lot of attention, raising $7.4 million in a week with its presale.

You can purchase DOGEVERSE for $0.000298 each and will have the chance to stake the token during the presale to get even more tokens at the end of the sale. The meme coin will soon be launched on multiple chains and can benefit greatly from price increases.

Slothana (SLOTH)

Slothana (SLOTH) is the sloth on Solana that has attracted a lot of attention lately, as the new meme coin has raised more than $10 million in just a few weeks. Since the launch of the presale, Slothana has more than 21k followers on X (Twitter).

Slothana would rather be lazy than tired and put down the normal work life to make money with crypto. Meanwhile, the sloth has grown into a leader who helps his community do the same.

You can purchase SLOTH in the presale for 1 SOL per 10,000 tokens and will receive these tokens as an airdrop after the presale without having to claim your tokens. After the presale, SLOTH will be launched on exchanges and early investors can benefit from potential increases in the meme coin’s value.

Mega Dice token (DICE)

Mega Dice token (DICE) is a new GambleFi crypto, which offers investors the opportunity to earn passive income based on the proceeds of the existing casino, Mega Dice. This new Solana token is available for presale and has already raised over $360,000.

DICE is an attractive proposition for both players and investors, so you can use the crypto in the casino for extra bonuses and benefits. Investors can lock the token into a smart contract to passively earn tokens based on the casino’s monthly revenue exceeding $50 million.

You can purchase DICE for $0.069 each using SOL, ETH, BNB and USDT and will be able to claim them after the presale. Players at the casino can also participate in an airdrop by playing at Mega Dice and share a prize pool of $750,000.

Disclaimer: This article contains insights from independent authors and is not part of BitcoinMagazine.nl’s editorial content. This is not investment advice, please do your own research.

Source: https://bitcoinmagazine.nl/nieuws/3-redenen-dat-xrp-koers-klaar-is-voor-enorme-stijging-na-ripple-sec-rechtszaak-wat-gaat-ripple-doen



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