XRP Price Prediction as $1.7 Billion Flows into XRP – Are Investors Bullish?

cryptonews.com:

At $0.692656, XRP is still up by 12% in the past week and by 39% in the last 30 days, with the altcoin having risen by an impressive 100% since the beginning of the year.

And with the wider market rallying and XRP’s trading volume high at $1.7 billion, the cryptocurrency could easily make further gains in the coming days and weeks.

XRP’s chart remains very strong, with its indicators all firing bullish signals.

Its relative strength index (purple) is creeping up towards 80 again, indicating strong buying pressure.

Even more bullishly, XRP’s 30-day moving average (yellow) continues to rise steadily above its 200-day average (blue), while its actual price is moving swiftly beyond both.

Again, this signals growing momentum, and while XRP is nearing overbought territory, traders had oversold it for so long that it can stand to rise more or less continuously for a while.

Its volume suggests rising demand for the token, having risen from just under $300 million at its lowest point in October to just over $1.7 billion today.