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XRP is in the midst of an impressive surge in its price as it continues to benefit from the new positive market outlook. However, as the market recovery begins to slow, how does the price prediction look for the altcoin?
XRP Price Action
XRP, the sixth largest cryptocurrency in the market by market capitalization, is currently trading around $0.37. The asset has seen an impressive rise in the last 24 hours, with its price increasing by around 3.54% during this period. And considering that the broader market is only up 0.1% over the same period, XRP’s performance relative to the market is a positive sign.
Technically, however, the situation remains mixed. The crypto-asset is trading below its short-term moving average (MA) indicators, although it is gaining significant ground on the 10-day MA of $0.3624. As the price of XRP is expected to continue to rise, the odds of the asset breaking above these indicators are high. When it comes to long-term indicators, XRP is showing positive progress.
A positive Moving Average Convergence Divergence (MADC) shows that XRP is still in the buy zone. And, with a Relative Strength Index (RSI) of 44.43, the asset is not yet overbought.
Flare Network completes XRP airdrop
The biggest news for XRP is the long-awaited completion of the FLR token airdrop.
FLR is the native token of flare – a blockchain slayer-1 platform with an oracle system seeking to optimize interoperability between decentralized applications (dapps) and blockchains. The protocol launched its mainnet on July 11, 2022 and has so far processed over 70 million transactions.
Flare is also positioning itself as a future smart contract protocol that will use Ledger XRP. To this end, the platform developers promised to distribute FLR tokens to XRP holders who participated in a snapshot in December 2020.
Two years, the airdrop finally happened on Monday. In total, more than 4.2 billion FLR tokens have been distributed.
New crypto-assets to watch
So far, investors are still interested in XRP and its growth potential in the future. However, it is important to note that several new cryptocurrencies allow investors to reap gains even before their launch.
Fight Out (FGHT)
FGHT, the native token of Fight Out, is a prime example. The digital asset, which has been available for less than two months, has already raised $2.8 million during its pre-sale and continues to gain in value.
Fight Out is a move-to-earn platform that rewards users for reaching their fitness goals and becoming more active.
Fight Out allows users to access fitness content and book sessions with qualified professionals, specify their fitness goals and design routines to achieve them. There is also a metaverse iteration where players can choose their avatars, connect with others in the ecosystem, and earn money.
Meta Masters Guild (MEMAG)
MEMAG is a new digital asset that powers the Meta Masters Guild, the first mobile-focused Web3 gaming guild. MMG seeks to create a blockchain gaming ecosystem made up of different games that work individually.
Three games currently exist within the MMG: Raid NFT, Meta Masters World and Meta Kart Racers. Each of these games will run using the Guild’s native token, MEMAG. Participants are free to contribute to the games as they see fit, and as expected, they can earn MEMAGs by playing and completing tasks.
The MEMAG pre-sale is underway and has already raised over $30,000. Each token is currently selling for 0.0007 USDT and the price will increase as the pre-sale stages progress.
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