XRP Price Prediction as New Report Shows XRP is More Popular Than BTC and ETH Among Gen Z in South Korea – Time to Buy?

cryptonews.com:

The XRP price has increased by 0.5% in the past 24 hours, reaching $0.523148 as the cryptocurrency market as a whole made a small recover today after recent losses.

XRP's move also comes after the publication of a report which found that the altcoin is the most favored cryptocurrency among Generation Z investors in South Korea, with 20% of this demographic holding the token.

Such a preference hasn't been able to stop XRP from dropping by 10% in a week and by 24% in the past month, however, although the coin remains up by 53% since the beginning of the year.

And with XRP arguably remaining undervalued relative to its fair price, the altcoin could easily return to growth in the next few weeks, justifying its position as the favorite cryptocurrency of younger South Koreans.

As poorly as XRP has performed in the past few weeks (much like the market as a whole), its indicators suggest that it's very close to bottoming out and returning to growth.

Its relative strength index (purple) continues to struggle close to 30, meaning that it's still oversold and undervalued.

This is happening as XRP's 30-day moving average (yellow) slides down towards its 200-day average (blue), reflecting recent losses of momentum.

And when the short-term average drops below its long-term counterpart, XRP could be said to have finished falling, with a rebound likely to follow soon after.

It's also encouraging to note that XRP's support level (green) has held up in the face of this past week's declines, implying that the coin is not going to fall much further before righting itself.

Indeed, it's clear that investor sentiment remains positive overall as far as XRP is concerned, with the aforementioned report showing that it's one of the most popular coins among