The XRP price has risen by a 10.5% in the past 24 hours, recovering from the wider market selloff seen yesterday. At $0.500878, it has increased by a modest 1.5% in the past week but surged by 50% in a month, as investors increasingly come to expect a positive outcome to Ripple's legal case with the SEC.
Ever since Ripple and the SEC filed separate motions for summary judgment, there has been an assumption that their legal tussle had entered its end phase and that it will be only a matter of months before it culminates with some kind of settlement. If correct, this suspicion will provide the XRP price with a massive boost and could help it surpass its existing all-time high of $3.40 in the following months.
XRP Price Prediction – 3 Reasons Why XRP Can Hit $5 in 2023
In terms of XRP's chart, it has just formed a golden cross. This is when its 30-day average (red) crosses over its longer-term 200-day average (blue), signaling bullish upwards momentum and a possible breakout to a new...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...