XRP Price Prediction as XRP Overtakes Cardano to Become 6th Largest Coin in the World – Can XRP Overtake Bitcoin in 2023?

cryptonews.com:

XRP, the token powering Ripple’s cross-border money transfer ecosystem, exhibited exemplary performance in March alongside Bitcoin and Ethereum, as investors kept the imminent summary judgment on the lawsuit against the US Securities and Exchange Commission (SEC) in the sight glass.

From the lowest price level in March at $0.3372, XRP price exploded 65% to trade new 2023 highs of $0.5847 before correcting to test support at $0.5. Support at $0.5 has been pivotal this week, as XRP tested $0.484 at some point before reclaiming its current position.

XRP’s market cap is up by 0.58% in 24 hours to $26 billion, surpassing Cardano’s $13.5 billion. ADA is performing relatively well on Saturday, up 2% to exchange hands at $0.38.

Meanwhile, XRP has attracted over $700 million in trading volume in the same 24-hour period, however, its price remains relatively unchanged at $0.51.

Most experts believe XRP is balancing at the edge of a tall cliff; where two scenarios are likely to play out. On the bright side, XRP may resume the uptrend, bolstered by possible bullish momentum ahead of the final ruling on the case with the SEC on or before May 6.

On the other hand, if support at $0.50 fails to hold and XRP price slides below $0.48, investors may start acclimatizing to a possible trend reversal. This means short positions could quickly turn profitable with targets at $0.45, $0.4, and $0.4, respectively.

On the other side of the fence, declines could liquidate most long positions taken in anticipation of Ripple winning the case.

The path with the least resistance is to the downside based on the position of the Moving Average Convergence Divergence (MACD) indicator. The sell signal, as observed on the chart above, manifested as the MACD line in