In a surprising turn of events, Ripple has experienced a notable price increase, soaring 12% in the past seven days.
This surge comes as a breath of fresh air for XRP bulls, who have recently received positive news regarding the ongoing legal battle with the SEC – sparking optimism among long-term holders.
XRP wasn’t alone in its upwards movement, as market newcomers yPredict (YPRED) and Launchpad XYZ (LPX) also witnessed significant surges in their respective presale phases.
XRP Reclaims the $0.50 Level Amidst Positive Legal Developments
XRP is now floating just above the crucial $0.50 level for the first time in six weeks as Ripple bulls establish dominance.
Interestingly, now that XRP has breached the $0.50 level, the price appears to be retesting it from the other side. Should the price retest successfully, it would cement $0.50 as a new support zone – setting the stage for a further push.
This development will be music to the ears of long-term XRP holders, who have had to deal with intense volatility over the past two years.
Adding to the positive sentiment, CoinGlass data reveals the Long/Short (24h) ratio across most major crypto exchanges now exceeds 1 – indicating a greater volume of long positions relative to short positions.
Much of the positivity surrounding XRP stems from some recent media reports, which hint that the SEC’s case against Ripple may be weakening.
Pro-XRP attorney John Deaton recently tweeted that he expects large volumes of investors to buy XRP once the token’s price reaches $1.
In addition, Deaton anticipates that “FOMO” won’t kick in until the token breaches the $2 mark – highlighting his overwhelming optimism.
Deaton’s bullish forecast comes on the back of a federal judge ruling that the “Hinman speech” can be used in Ripple’s defense during its lawsuit from the SEC.
The Hinman speech refers to William Hinman, former SEC director, stating that fellow cryptocurrency Ethereum (ETH) is not a security.
Naturally, this could be crucial evidence in Ripple’s defense – should the litigation tilt in Ripple’s favor, it could lead to even more bullish momentum for XRP.
Rising AI Crypto yPredict Nears $2 Million Milestone in Ongoing Presale
While XRP enjoys its positive momentum, another crypto project, yPredict (YPRED), has emerged as a notable player in the market.
yPredict is a blockchain project that aims to create a state-of-the-art crypto analytics platform powered by artificial intelligence (AI) and machine learning (ML).
According to yPredict’s whitepaper, this platform will contain a suite of features and services that enable traders to receive an “edge” in the market through data-driven insights and analytical metrics.
Among the most enticing features to be offered are real-time trading signals powered by AI, sentiment analysis on all major coins, advanced technical indicators, and even unique data sources usually reserved for institutional investors.
yPredict will also host a marketplace where AI and ML experts can market their cutting-edge predictive models, allowing retail traders to subscribe to them using YPRED – yPredict’s native ERC-20 token.
The potential offered by these features has caught the investment community’s attention, with a reported 20,000 people on yPredict’s waiting list and more than 30,400 individuals forming the project’s Telegram channel.
yPredict has even made its mark on the crypto influencer community, with prominent YouTuber Michael Wrubel, who has over 310,000 subscribers, releasing a video detailing his bullish stance on YPRED.
Currently, yPredict is still in its presale phase, attracting close to $2 million from eager investors.
The YPRED token will list on exchanges later this year for $0.12; however, early investors can still acquire tokens at a reduced price of $0.09 during Stage 6 of the ongoing presale.
Visit yPredict Presale
Web3 Hub Launchpad XYZ Continues to Gain Steam & Raises $800,000
Alongside yPredict, another new project is gaining traction in the crypto market – Launchpad XYZ (LPX).
Launchpad XYZ is an Ethereum-based project with an ambitious goal of becoming a comprehensive hub for all things Web3.
As such, Launchpad XYZ will provide features and services targeted at newcomers and market veterans, ensuring everyone can access the best projects the blockchain sector offers.
According to the project’s whitepaper, this all-encompassing hub will feature a metaverse experience library, an NFT DEX, a super-fast trading terminal, and an assortment of play-to-earn (P2E) games.
Additionally, Launchpad XYZ plans to introduce a fractionalized assets marketplace where investors can purchase pieces of real-world items, like cars, real estate, and artwork.
The core of the Launchpad XYZ ecosystem is its utility token, LPX. This token will be required to pay for crypto/NFT trading fees, although holders can also stake their LPX to receive exclusive benefits, including discounts and access to the hottest NFT whitelists.
Much like yPredict, Launchpad XYZ is also causing a stir in the investment community. YouTuber Connor Kenny, boasting over 158,000 subscribers, uploaded a video breakdown of the project – highlighting that it can help crypto investors find new projects that are set to explode in value.
Prospective investors can secure LPX tokens before the platform’s official launch through the ongoing presale, which has raised over $800,000.
LPX tokens are currently being offered for $0.0445 – 26% lower than the intended exchange listing price.
Visit Launchpad XYZ Presale
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