XRP News Points To Incoming Technical Resistance On Higher Timeframes 

XRP News Points To Incoming Technical Resistance On Higher Timeframes 

Time Stamp: April 16, 2023 10:00 AM
Source Node: 2060718

The cryptocurrency market has been experiencing a price surge, with many altcoins posting significant gains since Bitcoin started tapping the $30,000 mark again. Ripple’s XRP is one of the most popular altcoins, and it has been making headlines lately with its impressive price performance and potentially a colossal landslide win in its lawsuit against the SEC. However, recent XRP news indicates incoming technical resistance on higher timeframes that could impact its price trajectory. This article will look at the latest XRP news, XRP price prediction, and the Avorak AI ICO with a 107% early investor bonus.

XRP News

XRP has been on a roll lately, with its price surging from $0.37 to over $0.57 in just a few months. This surge has been attributed to the likely landslide win of a lawsuit by Ripple against the SEC, but also peaking inflation data and Bitcoin’s recent surge to $30,000.

However, recent XRP news suggests that the coin may face some technical resistance on higher timeframes. Technical analysts have pointed out that XRP is historically trading in a key resistance level range. This means that XRP may struggle to break through this level, and we may see a period of consolidation or even a slight pullback in the coming weeks.

XRP Price Prediction

Some analysts predict that XRP could reach $1 or even $1.5 by the year’s end if Ripple wins against the SEC in court. If the SEC wins against Ripple, investors must expect a severe pullback to at least $0.30 or lower.

Another factor to consider when making an XRP price prediction is the current market conditions. The cryptocurrency market is notoriously volatile, and XRP’s price could be impacted by several factors, including Bitcoin’s price performance, regulatory changes, and global economic conditions.

Avorak AI – ICO with 107% Early Investor Bonus

Another news piece that has been making waves in DeFi communities is the Avorak AI ICO. Avorak AI is a decentralized AI platform powered by its native currency AVRK. The platform is being developed on the Binance Smart Chain and offers a range of AI-based services, including trading bots with predictive analytics and chatbots.

The Avorak AI ICO offers investors a chance to get in on the ground floor of this exciting new platform. Early investors can take advantage of a 107% bonus, which means that for every AVRK token they purchase, they will receive an additional 1.07 AVK for free.

The Avorak AI ICO is an excellent opportunity for investors who are looking to diversify their cryptocurrency portfolio and potentially achieve financial freedom.

Final Thoughts

Many XRP investors remain optimistic about the coin’s long-term prospects. XRP has a solid use case, a strong community, and many partnerships with major financial institutions. If XRP can break through its current technical resistance level, we could see it continue its impressive run.

The Avorak AI ICO is another exciting opportunity that investors should keep an eye on. The ICO offers a chance to get in on the ground floor of a promising new platform and take advantage of a 107% early investor bonus.

Learn more here:

Website: https://avorak.ai

Buy AVRK: https://invest.avorak.ai/register

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