XRP price predicted to reach $1 due to court case updates, while Wall Street memes cause a surge past $1 million

The price of XRP has increased by 5% in the past 24 hours, reaching $0.502702, as there is growing expectation that Ripple will win its long-standing case against the SEC.

XRP’s current level represents an 8% rise in a week and an 18% increase in the past two weeks, with the altcoin having also risen by 47% since the beginning of the year.

This increase has occurred in the context of signs that the Ripple-SEC case is coming to an end soon, and the recent release of SEC emails suggests that the ultimate decision will be in Ripple’s favor.

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As a result, XRP could witness a massive rally in the next few weeks, although it is not the only altcoin with the prospect of big surges this year, as the Wall Street Memes presale is now raising over $1 million.

Ripple Price Prediction – XRP to $1 on Court Case Latest

XRP’s chart reveals a cryptocurrency with very strong momentum, which is unlikely to fade away anytime soon.

XRP’s price and 30-day moving average (yellow) have risen far above its 200-day average (blue), indicating a breakout to a new longer-term level.

At the same time, the coin’s relative strength index (purple) has surpassed 70 in a few instances in the past couple of days, signaling some very healthy buying pressure.

Also healthy is XRP’s 24-hour trading volume, which has risen to $1.5 billion in the past few hours, up from $500 million over the weekend.

What this reveals is a flood of investors looking to buy the coin now, as new details emerge that support the argument that the Ripple-SEC case will end with a positive judgment for the cryptocurrency firm.

In particular, SEC documents submitted as part of a Ripple submission appear to show that the regulator had received legal opinion (prior to opening its case against Ripple) that “XRP does not satisfy all elements of the Howey analysis and is therefore not a ‘security’ for the purposes of the federal securities laws.”

This is a major development, with the document supporting the idea that the SEC had not really given Ripple sufficient fair notice that it may deem XRP as a security, largely because it didn’t really regard XRP as a security itself.

Indeed, some observers are taking this new revelation as further evidence that the SEC launched its legal action against Ripple as some kind of motivated attack against the company, potentially driven by bias towards Ethereum.

Such a theory remains speculative, yet this doesn’t change how weak the SEC’s case appears at the moment, with the market increasingly expecting Ripple to come out looking victorious in the next few weeks.

And when this happens, XRP could easily rise from its current price of about $0.50 to $1 in a matter of days or weeks.

From there, the market’s return to more bullish conditions could easily help it rise steadily towards $2 by the end of the year, while a full-blown bull market next year may even see it beat its current all-time high of $3.40.

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Wall St Memes Pumps Past $1 Million

Of course, it may still be several months before the presiding court reaches a decision, and even if Ripple’s case does look increasingly good, there’s still no guarantee that it will secure the kind of outcome it wants.

As such, investors may be advised to consider diversifying their portfolios, including adding some newer altcoins and presale tokens that offer the opportunity to make some big above-average gains in a relatively short space of time.

One new cryptocurrency that ticks these boxes is Wall Street Memes (WSM), a meme token born out of the meme stocks movement that kicked off with the 2021 GameStop and AMC rally.

A few days ago, Wall Street Memes launched the presale for its WSM token, and has already raised more than $1.2 million.

This shows just how quickly the project has managed to generate interest, with the Wall Street Memes Twitter account also boasting well over 200,000 followers.

This paragraph discusses the potential of Wall Street Memes (WSM) to increase in value once its sale ends and it lists on exchanges. It cites the example of other meme tokens, such as PEPE, which have seen significant increases in value. The presale of WSM is divided into 30 stages, with the current stage offering WSM at a price of $0.02560000, which will increase to $0.03370000 by the end of the sale, resulting in a price increase of 31.6%. However, the potential for further increase in value once WSM is listed is high. Investors can participate in the sale by visiting the official Wall Street Memes website and using BNB, ETH, USDT, or credit card to purchase WSM. The majority of WSM’s supply (2 billion) will go to its community, with 50% allocated to the presale and 30% allocated to community rewards. This community focus is likely to be well-received by the market, as evidenced by the early success of the presale.

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