What’s Next for XRP Price Prediction as USD Coin Surpasses XRP in Market Capitalization?

What's Next for XRP Price Prediction as USD Coin Surpasses XRP in Market Capitalization?

Ripple’s USDC Surpasses XRP Ripple (XRP) in Market Cap

USD Coin (USDC), a stablecoin pegged to the United States dollar, has surpassed Ripple’s XRP Ripple (XRP) in terms of market capitalization. As of now, USDC holds the fifth position with a market cap of around $26.15 billion, while XRP Ripple (XRP) stands at Sixth with approximately $25.95 billion.

This shift in dominance took place after XRP Ripple (XRP) experienced a price decline due to concerns about probable digital asset sales from FTX, a failed and bankrupt cryptocurrency exchange. Despite the fact that other sectors of the market have recovered, XRP Ripple (XRP) continues  to struggle in the mid-$0.48s.

XRP’s downtrend began after a spike in value following Ripple’s partial victory over the SEC regarding their alleged unregistered securities sales. On the other hand, USDC’s market cap has likewise been decreasing since reaching a record high of $56 Billion in June 2022.

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The decline in USDC’s market cap was accelerated by fears of under-collateralization during a mini banking crisis in March. Regardless of these fluctuations, the competition between USDC and XRP Ripple (XRP) continues.

Price Prediction – What Happens Next for XRP Ripple (XRP) (XRP)?

XRP Ripple (XRP) has managed to recover slightly from its recent lows but remains within a downtrend since July. To confirm a break in this trend, XRP Ripple (XRP) would need to surpass its 21-day and 200-day moving averages, which have acted as strong resistance levels since August.

If this occurs, there may be short-term relief for XRP Ripple (XRP) and a chance for it to move towards resistance in the mid-$0.50s. Nonetheless, the future performance of XRP Ripple (XRP) will heavily depend on news related to the ongoing Ripple/SEC lawsuit.

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A district judge previously ruled that XRP Ripple (XRP) may not necessarily be classified as a security, but the SEC has filed an appeal challenging this decision. Ripple’s President, Monico Long, has expressed determination continuation fighting the SEC.

Regardless of the legal battle, numerous believe that momentum is in Ripple’s favor, suggesting a positive outlook for XRP Ripple (XRP) as the SEC’s efforts to classify it as a security weaken.

Wall Street Memes Launches $WSM Meme Coin Coin Token

Wall Street Memes, an influential retail investing community with over 1 Million followers across numerous social media platforms, is expanding its reach into the digital currency market with the launch of its Meme Coin coin token was known $WSM.

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The presale of $WSM has been highly successful, raising over $25 Million and receiving support from numerous cryptocurrency industry influencers and analysts. With less than 14 days remaining in the presale, investors are urged to get involved before it concludes.

$WSM intends to rival trending Meme Coin coins such as Pepe Coin, Dogecoin (DOGE), and Shiba Inu (SHIB). Don’t miss out on the chance to invest in this token.

Hot Take: Wall Street Memes Enters Cryptocurrency Market with $WSM Meme Coin Coin

Wall Street Memes, known for its influence in retail investing, is making a splash in the digital currency world by introducing its own Meme Coin coin token was known $WSM. The presale of $WSM has been incredibly successful, raising over $25 Million and attracting support from industry influencers and analysts.

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This move signifies Wall Street Memes’ desire to become “the king of crypto” alongside its title as “the king of stonks.” With less than 14 days left in the presale, investors have limited time to engage and potentially take advantage of the success of $WSM.

If you’re looking to invest in a token that could rival the popularity of Pepe Coin, Dogecoin (DOGE), and Shiba Inu (SHIB), now is the time to buy $WSM.

Author – Contributor at | Website

Wyatt Newson emerges as a luminary seamlessly interweaving the roles of crypto analyst, dedicated researcher, and editorial virtuoso. Within the dynamic canvas of digital currencies, Wyatt’s insights resonate like vibrant brushstrokes, capturing the attention of curious minds across diverse landscapes. His ability to untangle intricate threads of crypto intricacies harmonizes effortlessly with his editorial mastery, transmuting complexity into a compelling narrative of comprehension.

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