XRP Price Prediction as Market Cap Reaches $20 Billion – Can XRP Reach $10?

cryptonews.com:

The XRP price has dropped by 1.5% in the past 24 hours, although its price of $0.382986 representing a 3% gain in the past week and a 4% rise in the past fortnight.

XRP's recent movements enabled it to reclaim a market cap of $20 billion earlier this morning, with the coin up by 12% since the start of the year.

Its movements come amid ongoing concern surrounding banking stocks and the global financial system, with a move towards BTC among investors helping to boost the market as a whole (including XRP).

And with Ripple expecting an end to its long-running case with the SEC in the next few months, XRP could witness some enormous returns in the not-too distant future.

XRP's chart suggests that a rally may be close, with its relative strength index (purple) rising above 50 today, indicating an increase in positive momentum.

At the same time, XRP's 30-day moving average (red) remains noticeably below its 200-day average (blue), and given that its recent descent has now flattened out, it could begin to move upwards again.

Indeed, XRP did test the $0.4 resistance level this morning, a move which enabled it to regain a market cap of $20 billion.

And while it fell back down to sub-$20 billion, it's likely that it could not only return to this level in the next few hours or days, but break through it decisively.

Interestingly, whales seemed to have mixed views as to what XRP is likely to do next, with some moving their holdings onto exchanges, and others moving tokens off.

For instance, while yesterday saw a large trader move $11.8 million in XRP off Upbit, it saw an even bigger transfer of $118.2 million to Binance.

Make of that what you will, but the longer term picture remains positive for XRP, largely because of expectations