XRP Price Prediction as XRP Becomes Best Weekly Performer – New High Coming in 2023?

cryptonews.com:

The price of XRP has risen by 0.5% in the past 24 hours, reaching $0.535868 as the cryptocurrency market as a whole falls by 1.5%.

Its current price means it has gained 20% in the last seven days, making it the best-performing top-100 coin this week, while it's also up by 45% in the past fortnight.

Such price action has been driven by expectations that the Ripple-SEC case is close to ending, with whales apparently taking XRP off exchanges as they accumulate the token.

And once the above case does reach its inevitable conclusion, a positive outcome for Ripple will send XRP's price rising even higher.

Based solely on XRP's chart and technical indicators, it seems that the cryptocurrency is probably due a corrective selloff sooner or later.

Its relative strength index (purple) surged over 70 yesterday, but has now begun falling, potentially signaling a loss of momentum that may result in price falls.

On the other hand, XRP's 30-day moving average (red) has just overtaken its 200-day average, something which could point towards a breakout rally that could continue for several days yet.

While XRP is arguably overbought at the moment, it's worth remembering that the cryptocurrency has been dramatically undervalued, and for a pretty long time.

It's, therefore, possible that conventional indicators can be disregarded a little here, as the coin makes up for lost time and lost value.

In the main, it seems that whales expect further gains, with Whale Alert revealing a few large transfers away from exchanges in the past day or so.

Of course, there have also been large XRP transfers to exchanges, so at least some whales appear to be expecting a corrective selloff.

But regardless of what XRP does in the short term, there's little doubt that it