XRP Price Prediction – Will XRP Break the $3 Mark in 2023?

Given the market slowdown, XRP price prediction remains bearish, as it has broken through a symmetrical support level at $0.3735. However, XRP is now trading just below the double-bottom support becoming a resistance level of $0.3565. Will XRP break the $3 mark? Let's find out! 

Timeline of Xrp

The XRP price is trapped between a descending trendline and $0.316 support. As both these levels are bound to converge at a single point, the prices should eventually break out from either of the mentioned levels.

XRP News: XRP, Ripple's native token price on a constant decline despite receiving positive updates from the crucial legal battle against the US SEC. However, Crypto whales are utilizing this XRP price dip opportunity to move more tokens.

The former principal developer advocate at San Francisco-based payments firm Ripple is revealing that a key functionality is coming to the XRP Ledger (XRPL). Ripple insider Matt Hamilton responds to a claim made by an anonymous Twitter user that payments network XRP has no use case.

XRP is a cryptocurrency that was created by Ripple Labs, a financial technology company. It is designed to be used as a medium of exchange for financial transactions and is used by banks, payment providers, and other financial institutions to facilitate cross-border payments and settlements.

XRP Lawsuit News: The U.S. Securities and Exchange Commission (SEC) has again brought up the Hinman emails and related documents in the XRP Lawsuit. However, the SEC already lost its assertion over the doc and surrendered them to the Ripple and defendants.

San Francisco-based payments firm Ripple is launching a stablecoin project for the Micronesian nation of Palau. Speaking at a crypto conference in Singapore, Surangel Whipps Jr., the current President of Palau, says the island nation has numerous projects in the works that utilize crypto assets, including a government-issued stablecoin, as well as Binance Pay.

Since the onset of the Securities and Exchange Commission (SEC) vs. Ripple case in December 2020, the value of Ripple's cross-border settlement token, XRP, has been on a complete roller coaster ride.

XRP price is up a subtle 1.1% on the day ahead of the weekend session. A buy signal may confirm on the daily chart within the day, bolstered by hints from a former Ripple executive that smart contracts will soon come to the XRP Ledger.

XRP News: Ripple and US SEC filed their motion to seal several documents linked to the motions for Summary Judgement. However, filings suggest that the commission is still in pursuit of shielding the vital Hinman documents.

The U.S. Securities and Exchange Commission (SEC) and Ripple have moved their motions ahead of the court to seal several documents. These memos are linked to the motions for Summary Judgement.