RILM (XRP) Golden Cross Signal Returns After 200 Days, Predicting $5 Price Target

This year has been good to Ripple, as the SEC finally dropped their long-standing lawsuit. There are also bullish factors related to Ripple's growth and development as an ecosystem.

Crypto analyst Dark Defender has predicted that the XRP price could hit $5 by June if technical analysis is anything to go by. There are also several bullish factors related to Ripple’s growth and development as an ecosystem.

For the $5 mark to be reached by June, XRP would need to double from here.

This year has been good to Ripple, as the SEC finally dropped their long-standing lawsuit. Leveraged open interest is at an all-time high for XRP, suggesting that institutional demand is on the rise. A few days ago, Volatility shares launched a futures-based XRP ETF using the ticker XRPI.

What’s more, according to Coindesk, a 2x leveraged XRP futures ETF is also in the planning stage, due to the increasing demand for XRP products.

If we take a look at the charts, we can see that XRP is in the green across all time frames, reflecting all this good news.

CoinGecko's XRP chart

While some of this positive price action may simply be due to wider conditions and Bitcoin making new all-time highs, there’s no doubt that XRP’s wins are contributing.

But what about technical analysis? As crypto expert Dark Defender noted, a golden cross signal is back on XRPs charts, after first appearing 200 days ago.

Dark Defender (@DefendDark) predicts that $3.33 is the short term target, and that $5.85 is next from there.

However, not everyone is so bullish on the coin, as Santiment noted that on-chain activity is dropping significantly.

However, as insiders know, the XRP ledger is scouting for new projects and builders to create dApps for the Ledger. This is because they were unable to do this without the lawsuit being dropped.

Also Ripple recently partnered with THORchain, which could bring lots more opportunities for XRP to be used in DeFi.

If Ripple continues to partner with international banks (like Zand in the UAE) and others, attracts new developers to the ledger, and the XRP Spot ETF is approved in June, the $5 target could well be achieved.

AI-Driven Asset Management Outperforms Human Traders

While Ripple’s focus is on institutional players like banks, many retail investors hold the actual coin and in many ways unites DeFi with TradFi.

A new protocol named Unilabs is targeting both retail and institutions, via its AI-based hedge fund ecosystem.

Like Ripple, they are also at the intersection of DeFi and TradFi, in this case, by using AI to create asset baskets that focus on DeFi but use traditional logic. The AI scans the market for opportunities and includes things like RWA tokens (Real World Asset), DePin, and AI tokens. It then uses predefined parameters to optimize everything and balance risk, rebalancing as often as is necessary.

Since AI is constantly connected to the market and can scan thousands of data points every second, it can outperform human asset managers. That said, Unilabs also has a human expert team to check on the AI, especially when it finds new projects and tokens.

Although the protocol already has around $30m in assets under management, its token is new. The UNIL token, currently available for purchase at $0.0051, provides various benefits to holders. Earlier and larger holders will receive a share of fees generated on the protocol from trading, staking, and arbitrage.

UNIL holders will also be able to participate in governance, which will allow them to have a say in platform development, projects chosen for the Unilabs launchpad, and strategic partnerships. It will also grant reduced fees and early access to projects in the launchpad.

The Unilabs presale is live and in the early stages. Since many benefits depend on how many tokens are held, it makes sense for those interested in the potential of AI investing to get involved sooner rather than later.

If Unilabs can deliver on their promises, like Ripple, the token may soon double in price.