XRP Price Prediction as XRP Becomes 7th Most Traded Crypto in the World – What's Going On?
The XRP price has risen by 1.5% in the past 24 hours, climbing to $0.702540 as the cryptocurrency market as a whole barely moves today.
While XRP remains down by 10% in the last seven days, it's still up by 45% in the past month and by 110% in the past year, boosted massively by Ripple's partial success in its case against the SEC.
XRP is therefore likely to witness further growth in the coming days, helped further by its relisting on US-based exchanges in the past couple of weeks.
At the same time, Ripple's continued growth as a company is likely to help XRP rise steadily in price in the longer term, potentially transforming the altcoin into a real rival to Ethereum and Bitcoin in terms of trading volume and market cap.
While XRP has corrected by as much as 16% from its post-ruling high, its indicators are suggesting that it may be close to rising again.
Most notably, XRP's relative strength index (purple) has risen back to 40 after falling below 30 in recent days, a sign that new buyers may be coming to take the opportunity to buy the altcoin at a discount.
On the other hand, XRP's 30-day moving average (yellow) is still yet to fall below its 200-day average (blue), implying that its current weakness hasn't yet played out.
The 30-day may not fall below the 200-day, however, with XRP improving on its support level (green) today, in that it rejected a fall below the price of $0.70.
As such, we may see the altcoin rising again very soon, with its newfound status as the seventh-most traded cryptocurrency in the market helping to keep it elevated.
Also helping it will be the ongoing positivty surrounding XRP in the wake of the ruling issued in the Ripple-SEC case, with the presiding judge finding that Ripple's sales of XRP on
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