The price of XRP has gained by 1% today, rising to $0.5699 as the crypto market as a whole falls by 0.8% in the past 24 hours.
This small recovery isn’t enough to save XRP from a 5.5% loss in a week and a 7.5% fall in the past month, with the coin also down by 5% in a year.
Such declines may be disappointing, but some experts are increasingly highlighting XRP as one coin with great potential to grow in the future.
And with Ripple’s long-running case against the SEC ending a couple of weeks ago, XRP certainly is in a good position to begin compensating for recent underperformance.
Posting on X, self-proclaimed “Crypto Investor” and “Researcher” CryptoTank declared that investing in XRP could be “a once in a lifetime opportunity.”
My HOPE is that everyone does some research and get some XRP before it's too late. Research and share it with your love ones. It's a once in a lifetime opportunity to change the course of your families lives for generations if you invest wisely. Tune out the foolish hater trolls!
He also suggested that investors should look into XRP “before it’s too late,” implying that the altcoin could begin rising soon.
Based on the coin’s chart, such a prediction seems credible, at least in the near term.
As we can see below, XRP’s indicators have been in a subdued position for several days now, suggesting that an upwards swing is coming.
Its RSI (purple) has been struggling to clear 50 in the past week, although it has actually bounced up from 30 in the past 12 hours.
One thing that’s concerning, however, is that XRP’s trading volume remains modest, at only $1.3 billion today.
Given that it stood at over $5 billion when news of Ripple’s $125 million settlement with the SEC emerged, this lower volume would indicate that
Read more on cryptonews.com