XRP Price Prediction as Consolidation as $0.70 Zone Continues – When is the Next Leg Up?

cryptonews.com:

The XRP price has dipped by 1% in the past 24 hours, with its slide to $0.703057 coming as the cryptocurrency market as a whole barely moves today.

XRP is now down by 2% in the past week, but it remains up by 50% in the last 30 days and by just over 100% since the beginning of 2023, with the coin rising strongly this year on the back of positive expectations surrounding the Ripple-SEC (which were then confirmed earlier this month). 

And while it has suffered losses in the past couple of weeks, it's reassuring to note that it has consolidated solidly around $0.70 level, providing it with a strong base from which to launch further rallies once the market becomes more bullish.

While XRP's chart doesn't bring much in the way of joy at this precise moment in time, its indicators provide the impression that it will have to return to growth sooner or later.

For one, its relative strength index (purple) has been low for around a week now, remaining below 50 (or lower) in a sign that it's being sold a little too much at the moment.

XRP's 30-day moving average (yellow) has also been subdued over the past week, having fallen from earlier highs and sticking to a flatlined position ever since.

This implies that it could be due to rise again, an expectation supported by the coin's support level (green), which has not only stuck to $0.70 but has also risen a little in the past few days.

As such, it's easy to remain positive with regards to XRP, which remains in a fundamentally strong position, especially with Ripple now being given enough legal protection to continue expanding its business a little more aggressively.

Indeed, we have seen some early glimmers of such an expansion in the past week or so, with Ripple recently signing a partnership