XRP Price Prediction as XRP Spikes Up 3%, But Whales are Accumulating This Little Known Altcoin – Here's Why

cryptonews.com:

The price of XRP has increased by 3% in the past 24 hours, rising to $0.520724 on a day when the wider market has gained by 4.5%.

This jump puts XRP at a 4.5% increase in the past week and at 42% return in the last 30 days, with the altcoin also having risen by 53% since the beginning of 2023.

And with the market expecting a positive resolution to the Ripple-SEC case, XRP could witness an even bigger rally later this year.

However, XRP isn't the only altcoin whales have been watching over the past few weeks, with larger investors also pumping money into Love Hate Inu (LHINU), which has seen its presale raise a total of nerarly $3.5 million in only a few weeks.

XRP's indicators reveal some very strong buying momentum, which could continue for a little while yet before running out of steam.

Its 30-day moving average (red) has climbed steeply above its 200-day (blue), with the shorter term average currently showing no signs of slowing down.

And after a brief climbdown at the start of the month, XRP's relative strength index (purple) has resumed rising again, and may not stop until it passes 70.

As such, XRP could witness a further rise to $0.53 in the short term, as increasing investor optimism (specifically about the likelihood of additional rate hikes this year) helping to push Bitcoin (BTC) and the market up as a whole.

XRP also has the end of the long-running Ripple-SEC case to look forward to, with most observers (at least within the cryptocurrency community) expecting an outcome that will be largely positive for Ripple.

As of writing, all major depositions, briefings and pieces of evidence have been submitted, with the only thing left to wait for being Judge Analisa Torres' decision.

Some observers suspect that such a decision