XRP Price Prediction - Up 1.47% to $0.47, Can It Reach $1? Wall Street Memes Pumps to $500k

cryptonews.com:

Ripple's XRP is one of the digital assets that has recorded a positive outcome in the crypto market. 

So far, the cross-border token has pumped 1.47%, spurring questions on whether it could hit the $1 price peg anytime soon. 

Given the time $XRP has spent below the single dollar price point, this can seem far-fetched in the short term. 

However, in the event that it gets a favorable ruling in its ongoing legal standoff with the US Securities and Exchange Commission (SEC), $XRP could be on a significant climb to its previous record high.

For now, other promising coins are posting significant profits for investors. 

One such is the Wall Street Memes, which debuted less than 72 hours ago. 

So far, it has hit $500k in its presale raise, showing tremendous interest in the newly launched project.

The crypto market has been on a bearish streak following a series of macro events beyond its control. 

For instance, the US dollar has continued to strengthen its position, which has had an adverse impact on crypto's foremost mover Bitcoin. 

In the simplest terms, a strong dollar often leads to a weakening of the BTC price, pushing the emerging industry from a $1.25 trillion market valuation in April and early May 2023 rise to below $1.10 trillion 24 hours earlier.

Now, the crypto market has shown its resilience once more and has retouched the $1.12 trillion, reflecting a 0.76% increase overall. 

Bitcoin has rallied 0.88%, but one of the high-achievers in this new segment of the crypto bull run is the $XRP token.

The remittance-focused project has grossed 1.47% in a recovering market and hit a month's high of $0.47. 

Its seven-day performance is also in the green zone, with a neat 1.09% recorded so far. 

The longer-term prospect shows that $XRP has