XRP Price Prediction - Can Ripple’s XRP Start Marching Back Above $0.40 as Price Jumps?
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XRP is in the middle of an impressive price surge as it continues to benefit from the market relief. However, as the market rally starts to slow, what are the prospects for the top altcoin?
As one of the most valuable coins in the crypto market, XRP currently trades at $0.36. The asset has had an impressive run in the past 24 hours, with its price jumping by 3.69% in that period. And considering that the broader market is only up by 0.1% in the same period, XRP’s ability to beat the market is a good look for it at the moment.
On the technical front, XRP is still a bit mixed. The crypto asset is trading below its short-term moving average (MA) indicators, although it is gaining ground significantly on the 10-day MA of $0.3624. With XRP’s price expected to continue rising, the asset’s chances of gaining on these indicators are high. As for the long-term indicators, XRP continues to beat them handily.
A positive moving average convergence divergence (MADC) shows that XRP still gives off a buy signal. And, with a relative strength index (RSI) of 44.43, the asset is yet to be overbought.
The biggest news for XRP is the long-awaited completion of the FLR token airdrop.
FLR is the native token for Flare – slayer-1 blockchain platform with an oracle system looking to optimize interoperability among decentralized applications (dapps) and blockchains. The protocol launched its mainnet on July 11, 2022, and has thus far processed over 70 million transactions.
Flare is also looking to become a smart contract protocol that uses the XRP Ledger. To that end, the platform’s developers promised to
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