XRP Price Prediction as $800 Million Trading Volume Comes In – Can XRP Reach $10 in 2023?
The price of XRP has dipped by 1% in the past 24 hours, dropping to $0.515094 as the cryptocurrency market as a whole falls by 0.5% over the same period.
XRP's current price means that it has risen by 1.5% in a week and by 35% in the last 30 days, with expectation surrounding the outcome of the Ripple-SEC case helping to boost the altcoin in recent weeks.
There has been an expectation for over a month now that this case could be due to end anytime soon, and that the outcome will prove largely favorable to Ripple, enabling it to continue its business as before.
If so, there's little doubt that XRP would enjoy a massive rally, propelling it back up to $1 and later to its current all-time high of $3.40, before witnessing even bigger gains next year.
XRP's indicators continue to show strong momentum, with its 30-day moving average (yellow) still rising steeply above its 200-day (blue).
And even though its relative strength index (purple) has begun to sink very slightly, it still remains around 60, staying in a position where it could resume its ascent anytime soon.
And with Ripple looking forward to the end of its long-running case with the SEC, it may be only a matter of days or weeks before XRP receive another, much bigger boost.
Indeed,, all major depositions, briefings and pieces of evidence have been submitted in the case, with both parties waiting for Judge Analisa Torres' to make a decision.
Lawyer and XRP supporter John E. Deaton suggests that such a decision could arrive by May 6, which is now less than three weeks away.
If accurate, this prediction means investors don't have much time left to acquire some XRP at discounted prices, with today's slide arguably providing a good opportunity to buy the altcoin at a relatively
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