The #XRP price has fallen by 4.5% in the last 24 hours to $ 0.663825. Overall, the cryptocurrency market fell by 1.4% today.In the last seven days, XRP has lost 7.5% in value. With today's decline, the trading volume has increased to over $ 1 billion. However, XRP has gained in value with an increase of 36% last month and 77% last year.According to some, XRP lost more value than the general market average because investors decided to realize their profits due to the uncertain investment environment.However, the core values of XRP remain strong and Ripple is expanding its business. This indicates that the altcoin will rise again soon.

XRP Price Forecast with a Trading Volume of $ 1 Billion – Will XRP fall below $0.60?

XRP's chart shows that the cryptocurrency is approaching the bottom of the recent declines and is about to start recovering.

Source: TradingView

In particular, the relative strength index (mor) of XRP has fallen by as much as 30. This indicates that he is under selling pressure based on the movements he has experienced over the past few weeks.At the same time, it signals an upcoming rally. The cryptocurrency's 30-day moving average (yellow) is about to fall below its 200-day average (blue), at which point a corrective move is expected.However, there is a chance that XRP will fall a little more before it starts to recover. Since its peak in mid-July, the support level (green) has been steadily falling.Therefore, it should not be surprising for investors if XRP falls below $ 0.65, but it probably won't fall below $0.60.After finding the bottom level, fundamental analyses indicate that XRP will continue to rise steadily after the important decision Ripple achieved in its lawsuit with the SEC in July.This decision has led Ripple to expand its business more aggressively. It was revealed this week that the company is working with the Bank of England to investigate the synchronized placement of payments using XRPLedger.

This October, in addition to the stablecoin trial that Ripple started with the Republic of Palau, shows that many institutions and organizations will turn to Ripple when they branch out into blockchain and cryptocurrencies.To state it again, this indicates that Ripple will only expand from here, and XRP will grow in parallel.Therefore, it would not be surprising if XRP returns to $0.70 in the next few weeks, reaching $0.80 and $0.90 in the later stages of the year.

The Ethereum-Based Version of XRP

Some investors may be uncomfortable waiting for XRP to grow gradually. In this case, we want to turn to new altcoins that are waiting for their first growth spurt and big rallies düşünebilirler.Ve one such coin is XRP20, which is the ERC-20 version of XRP itself. The XRP20 has already raised more than $ 200,000 in its pre-sale, which started at the beginning of this week.

XRP20, which is based on Ethereum, will offer owners the opportunity to stake it and thus earn passive income.But the interesting thing about the XRP 20 is that the pre-sale price is $ 0.000092, which is the XRP's own price in 2014.This means that XRP20 gives investors the chance to compensate for the chance of missing out on XRP the first time and invest in a new token while it is super cheap.Like the original XRP, the total maximum supply of XRP20 will be 100,000,000,000, 40% of which will go to pre-sale, while 40% will be reserved for stake rewards.

10% of its total supply will be burned over time, which will help the altcoin become deflationary.This can really help the price of the cryptocurrency to rise over time, given how quickly the first investors in XRP20 participated in the pre-sale.New investors can participate in this sale by visiting the official website of XRP20 and connecting their software wallet. #BTC #altcoins.