XRP Price Prediction as $1 Billion Trading Volume Floods In – $1 XRP Incoming?

cryptonews.com:

The XRP price has barely moved in the past 24 hours, gaining by 0.1% and reaching $0.398191. This marks a 0.5% rise in a week and a 15.5% increase in the last 30 days, with XRP currently witnessing 24-hour trading volume in the region of $1 billion.

Such volume is elevated in relation to where XRP trading was at earlier in the month, indicating that the altcoin may be on the cusp of recovering from some of the losses it incurred over the weekend. And with a result in the Ripple-SEC case expected in the next few months, XRP could be in store for some very big gains soon enough.

XRP's chart suggests that it's on the brink of a rally. Its 30-day moving average (red) is about to overtake its 200-day (blue), something which could signal a breakout above $0.4 and beyond.

Similarly, XRP's relative strength index (purple) has begun climbing upwards after sinking below 50 in the past couple of days. Again, this suggests that XRP is about to begin rising considerably.

This view is supported by the 24-hour trading volume, which remains elevated. In other words, this level of volume is seen only when a relatively big movement is about to happen, either up or down.

That said, a 24-hour volume of $1 billion isn't as big as it gets for XRP, with the end of January -- when XRP rose to around $0.423 seeing levels of around $2.25 billion. As such, any rally may be modest, unless volume picks up even further.

Still, reports have suggest that whales have been accumulating XRP in recent days, raising the possibility of significant movements in the very near future.

This possibility is also raised by the ongoing Ripple-SEC case, which could cause XRP to surge when it ends. And according to Ripple CEO Brad Garlinghouse, it will conclude by the end of