XRP Price Prediction as XRP Overtakes USDC and Becomes Top 5 Coin in the World – Can XRP Reach $100?

cryptonews.com:

XRP has overtaken USDC as the fifth-biggest cryptocurrency in the world in terms of market cap, with the altcoin's price rising by 2.5% in the past week.

At $0.509616, XRP is down by 1.5% in the past month, yet it remains up by 50% since the beginning of the year, helped by Ripple's largely positive outcome in its case with the SEC.

And given that XRP has declined in the past few weeks mostly because of market-wide negativity, it's positioned nicely to rise up again in the near future.

XRP has been slowly gaining some much-needed strength this week, with its indicators beginning to look more promising, as if the altcoin is on the brink of a significant recovery.

Its relative strength index (purple) has climbed up to 50 and looks as though it could easily rise higher (taking the coin's price with it), given that it has spent around a month close to 30.

In addition, XRP's 30-day moving average (yellow) has leveled off after falling below its 200-day average (blue) more than a week ago, indicating that the coin has bottomed out and that buyers are ready to take advantage of its discounted price.

This interpretation is supported by the token's support level (green), which has been rising steadily over the past week or so, again indicating that the recent downturn is over that XRP is ready to appreciate again.

Encouragingly, recent data suggests that whales have begun accumulating XRP again, meaning that the coin is likely to stop falling and isn't too far from renewed growth.

Such purchases would help account for XRP's joy over the past few days, yet the coin's strong fundamentals would indicate that more gains are in store in the near future.

Indeed, Ripple has continued to expand it business now that it has its case with the SEC