Ripple Lawsuit On Appeal

Considering the lawsuit has been ongoing since late 2020, a one-week delay shouldn’t be an issue, but the SEC could have an important reason for this. Under the original schedule, the SEC is scheduled to file its briefs on March 13, but with the court’s approval, this will be pushed back to March 22.

In this article we look at the possible impact of the postponement on the XRP price, while the crypto market moves sideways today.

XRP Price Just Below $0.60 – Can Ripple Become 1 Euro?

XRP is faring less well after the daily chart formed a ‘Death Cross’ at the end of January with the 30-day moving average (yellow) falling below the 200-day (blue). As a result, the Ripple price dropped to $0.50 before it got a lift from the rising crypto market.

If XRP manages to maintain its current level or rise further, the 30-day moving average could rise below the 200-day again and form a “Golden Cross” on the chart. This positive technical signal could be a sign that XRP will gain a strong position.

Before there are more updates on the Ripple lawsuit, the XRP price will mainly depend on the crypto market and investor sentiment. In the positive case, the lawsuit of Ripple vs. the SEC could expire in the coming months, in favor of Ripple.

In that case, XRP could rise above $1 again, reaching its All-Time High of $3.84 and there will likely be more discussions about an XRP ETF. For an XRP ETF, there will first have to be enough demand for XRP before institutions would see the benefit of this.

BOOOOOOOOOOOOOOOM!!!

Brad Garlinghouse mentioned BlackRock, both can’t talk about an #XRP ETF, but an XRP ETF would make sense for the XRP-Community! 🔥

The next big thing in crypto is XRP. It will melt faces with you or without you! 👊😎 pic.twitter.com/aWsEfCZU9v

— JackTheRippler ©️ (@RippleXrpie) February 21, 2024

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For the time being, the XRP price will still depend on the entire crypto market, but if Ripple manages to win the lawsuit against the SEC, the crypto market could benefit from this. There would then be more clarity about regulation for crypto and when a cryptocurrency is or is not an effect.

With the current prosperity of the crypto market, XRP could break through $0.60 in the coming days and even head towards $0.70 in the coming weeks. For a rise above $1, we’ll likely have to wait for updates on the lawsuit.

Alternative Cryptocurrencies with More Short-Term Potential

We do not expect any fundamental reasons for XRP to experience a significant increase in the near future, while the crypto market can continue to rise. Meanwhile, other popular cryptocurrencies could rise much faster than XRP in the near future.

Below we have 3 examples of cryptos with a low market cap and a lot of potential to rise in the near future. In addition, there is a chance that these crypto coins will go viral and explode in value.

Green Bitcoin (GBTC)

Bitcoin (BTC) has increased in value by almost 50% in the past 30 days, even before the Bitcoin halving takes place. Whether BTC can climb much further in the near future remains to be seen, but investors have now started looking at the alternative Green Bitcoin (GBTC), with a unique way to make money in this bull market.

As an ERC-20 token, Green Bitcoin is a greener alternative to Bitcoin, because it uses Proof-of-Stake instead of Proof-of-Work. This means you do not have to mine these green Bitcoins, but you can earn them by placing GBTC in a staking pool. And you can earn even more staking rewards if you know how to predict the Bitcoin price.

GBTC is temporarily still available for a very attractive price of $0.5362 per piece in the presale, which has already raised more than $1.3 million. Soon, the price of GBTC will rise further before the token is launched and can become even more valuable. GBTC is also a second opportunity to ride the rise of Bitcoin.

Smog (SMOG)

Solana (SOL) is up over +30% over the past week and is now just below $135. Popular meme coins on Solana, such as Smog (SMOG), are benefiting from this growth and are starting to gain more attention. Smog itself in particular is very popular for its planned airdrop, which could become the largest airdrop on Solana.

Smog is a meme coin that launched last month and is still blazing today, with the crypto up +16% in the past 24 hours. Buying and holding SMOG makes you eligible for the project’s upcoming crypto airdrop, and completing quests earns you additional airdrop points, increasing your airdrop even further.

Smog has been launched on both Solana and Ethereum, so you can buy the token via the official website and via Jupiter. It is also possible to stake SMOG via the website for an APY of 42%, with which you also earn even more airdrop points.

Frog Wif Hat (FWIF)

Another meme coin getting a lot of attention is the brand new Frog Wif Hat (FWIF) which launched early this week and is up over +30% today. Frog Wif Hat combines the best of other well-known cryptos, such as Dogecoin, Pepe and Dogwifhat.

FWIF launched on Ethereum, but plans to go live on Solana soon, with traders benefiting from low transaction fees. Frog Wif Hat has ambitious plans, such as reaching a $100m market cap (50x from here) and reaching 10,000 holders.

Where’s your hat, @pepecoineth? 🎩🐸$FWIF #Frogolution #MemeCoin pic.twitter.com/5vi1nvewLo

— Frogwifhat (@Frogwifhat_coin) February 29, 2024

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Frog Wif Hat has done a fair launch, so without a presale, you can buy FWIF tokens via the official website or via Uniswap. FWIF can piggyback on other popular meme coins, while its own community continues to grow and the token is expected to continue to climb.

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.