XRP Price Prediction as Bulls Hold $0.37 Level – Can XRP Rea | Global CRYPTO News
XRP Price Prediction as Bulls Hold $0.37 Level – Can XRP Reach $1 Soon?
XRP's indicators currently find themselves in a promising position, with its 30-day moving average (red) looking as though it could begin rising toward its 200-day (blue)
Such a move would indicate a breakout rally, the possibility of which is also supported by XRP's relative strength index (purple), which is still in an oversold position.
This means that it's due a correction to more bullish territory, something which could very easily happen in the coming days.
XRP had actually risen as high as $0.386898 within the last 24 hours, making for a 7% compared to where it was on Monday.
However, yesterday's market-wide rally has lost some steam in recent hours, yet the coin has held to its $0.37 support level.
Assuming it keeps its support, this will provide it with the foundation to move higher in the coming days and weeks.
Arguably, XRP is primed for an above-average climb in the near future, seeing as how concerns over Ripple's exposure to Silicon Valley Bank muted its participation in the market-wide rally that happened yesterday.
As such, XRP will climb again, while the looming promise of an end to Ripple's case with the SEC should eventually provide the altcoin with a massive boost.
Indeed, there are various reasons to believe that Ripple has a good chance of securing a favorable judgment or settlement, with numerous decisions and rulings going its way in recent months.
