XRP Price Prediction as $1 Billion Trading Volume Comes In – Can XRP Reach $1 This Week?
The XRP price has dipped by 1% in the past 24 hours, dropping to $0.603258 as the wider crypto market suffers a 0.5% fall today.
XRP has now declined by 2% in a week and by 6% in a fortnight, yet the altcoin remains up by 4% in the last 30 days and by 77% since the start of the year.
And with its trading volume still close to the $1 billion mark, it’s attracting enough interest to manage further gains in the not-too distant future.
XRP’s chart gives the impression that the coin may have to fall a little bit more before it will return to growth.
In particular its relative strength index (purple) is now falling below 50, suggesting that a descent to lower levels may be in order before recovery.
Likewise, XRP’s 30-day moving average (yellow) has now almost completely flattened out, meaning that it may fall towards (or below) the 200-day average (blue) before we see further rallies.
On the other hand, XRP’s support level (green) remains higher than where it was in mid-October, something which suggests that any incoming falls will be fairly minor.
Yet falls may come soon enough, given that the latest transfer data suggests whales are currently looking to sell XRP.
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