XRP Price Prediction as Ripple Shoots Up 6% in 24 Hours – Can XRP Hit $1?
The XRP price has risen by 6% in the past 24 hours, climbing to $0.780764 as the cryptocurrency market as a whole barely moves within the same space of time.
XRP is now up by 65% in the last seven days and by 120% in the last 12 months, driven by the positive ruling Ripple saw in its legal battle with the SEC.
And what's particularly bullish about XRP is that it current rally doesn't really look like slowing down anytime soon, with more gains likely to arrive in the coming weeks.
Even though XRP's indicators have been at a high level for almost a week now, it doesn't seem like they'll be declining anytime soon.
The altcoin's 30-day moving average (yellow) is still well above its 200-day average (blue) and has straightened up after temporarily looking like it could fall down again yesterday.
Simiarly, XRP's relative strength index (purple) remains above 60 despite a little dip, with this level suggesting that it still has plenty of buying momentum.
Strengthening this picture is the fact that the coin's support level (green) continues to rise higher, meaning that even if it stumbles a little in the next one or two days it will still be able to continue rising from an ever-higher base.
This all suggests that things can only get better for XRP in the short- and medium-term, with Ripple's positive news last week providing enough optimism for the altcoin to continue outperforming pretty much every other top-100 cryptocurrency right now.
As we've written before, the ruling handed down by Judge Analisa Torres found that Ripple did not violate securities law when it sold XRP on exchanges, something which has enabled US-based trading platforms to relist XRP.
And while some people have worried that the SEC may try to appeal various aspects
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