The XRP price has fallen by 2.5% in the past 24 hours, dropping to $0.459316. It's also down by 5.5% in the last seven days, yet ongoing expectations of a positive end to the Ripple-SEC case also means that it remains up by 27% in the last 30 days.
Tellingly, the altcoin has also risen by an impressive 115% since December 31, 2020, when the SEC's announcement of legal proceedings against Ripple caused it to fall to $0.212070. This actually makes it one of the best-performing major cryptocurrencies of the period since (e.g. bitcoin is actually down since December 2020), while a favorable settlement for Ripple will likely cause the price of XRP to rise significantly.
XRP Price Prediction – Will XRP Reach $5 in 2023?
According to XRP's technical indicators, it's still riding a wave of momentum that began in mid-September. Its 30-day moving average (red) continues to climb above its 200-day average (blue), suggesting that it has some time left before its current momentum subsides.
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