XRP Price Prediction as XRP Blasts Past $0.50 Resistance – $1 XRP Soon?
The XRP price has barely budged in the past 24 hours, rising by 0.2%, with its current price of $0.517976 representing a gain of 15% in the past week.
The altcoin has also risen by 36% in the last 30 days and by 52% since the start of the year, with positive expectations regarding the outcome of the Ripple-SEC case largely responsible for its recent outperformance of the market.
And with some observers expecting a conclusion to this case very soon, it may not be long before XRP witnesses further rallies.
XRP's indicators still occupy a bullish position, and while they may have a little more space to rise further, they could just as easily witness a correction in the short-term.
Its relative strength index (purple) has recently dipped after passing 70 a few days ago, although its 30-day moving average (red) continues to surge ahead of its 200-day average (blue).
As such, there may be further rises in the next few days before XRP's momentum sags too much and it has to endure a correction.
That said, if Ripple does secure a positive judgment or settlement in the days next few days or weeks in its case with the SEC, then XRP could just as easily begin an even bigger rally, defying its current indicators in the process.
Interestingly, recent whale alerts have revealed that Ripple is sending millions of dollars in XRP back to its escrow wallets, with several large transfers happening within the past couple of days.
Given that Ripple generally deposits and withdraws XRP to and from these wallets in order to maintain a consistent supply of the coin, responses to these recent transfers have suggested that they could signal a selloff in the near term.
This view is potentially supported by another big transfer, with one whale sending nearly
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