XRP Price Prediction as $2 Billion Trading Volume Comes In – $1 XRP Possible?
The XRP price has more or less held still at $0.5003 today, retaining its value as the wider crypto market suffers a 2% loss in the past 24 hours.
XRP also up by 3% in a week, in contrast to many other major tokens, although the altcoin has actually lost 3.5% in a month and is up by only 3% in a year.
This is a minuscule increase in relation to the vast majority of other top-100 tokens, with the likes of Bitcoin and Ethereum sitting on 147% and 100% gains, respectively.
However, XRP has underperformed largely because traders are still waiting on a final settlement in the long-running Ripple-SEC case, and with this settlement incoming soon, the XRP price could rally big.
Unlike many other tokens, XRP has actually grown in momentum in the past couple of days, with its indicators signalling the start of an upswing.
Its 30-day moving average (orange) climbed over the 200-day (blue) yesterday, forming a ‘golden cross’ that often points to a breakout.
XRP’s relative strength index (purple) has also begun rising very recently, moving up from 30 early this morning to over 50 as of writing.
It’s also very interesting to note that the coin’s trading volume has increased from $550 million yesterday to $2.2 billion today.
This is a big increase, with whales beginning to accumulate XRP again after a lull over the past few weeks.
And the reason why they have begun buying up XRP is that there’s a growing sense that a settlement between the SEC and Ripple could be imminent.
Ripple’s chief legal counsel, Stuart Alderoty, took to X yesterday to claim that the SEC has abandoned its aim of exacting a $2 billion disgorgement penalty from the company.
The @SEC is raging. Ripple defended itself – “agreeing to nothing.” The court gave clarity that XRP is
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