XRP Price Prediction as $1 Level Approaches – Can XRP 10x From Here?
The XRP price has dropped by 2% in the past 24 hours, with the altcoin losing ground today after a bullish couple of weeks.
At $0.652310, XRP has also fallen by 6% in the past week, yet it remains up by 17% in a fortnight and by 35% in the last 30 days.
Such medium-term momentum is likely to return in the near future, with the overall market remaining bullish, and with XRP in an increasingly strong fundamental position,
XRP’s indicators suggest that the coin could be in the middle of a dip, yet it remains possible that this dip could be brief.
Most notably, XRP’s relative strength index (purple) is sinking towards 60, a sign of growing selling pressure.
Yet on the other hand, the coin’s 30-day average (yellow) continues to rise further beyond its 200-day average (blue), having crossed over the latter at the end of last month.
Because the 30-day remains high, it’s tempting to conclude that XRP’s medium-term momentum remains promising, and that the coin should return to growth soon enough.
The coin’s support level (green) bolsters this view, in that it has been rising consistently since the end of October.
On top of this, the overall trajectory of the market has been upwards in the past few days, boosted by ongoing positivity surrounding Bitcoin ETFs.
Spot bitcoin ETF approval *could* come this week…
Here’s my attempt to briefly summarize the situation that @JSeyff was all over.
h/t @SGJohnsson pic.twitter.com/whAAiHxwaZ
— Nate Geraci (@NateGeraci) November 13, 2023
Yet at the same time, XRP has strong enough fundamentals to rise on its own account, with Ripple having enjoyed a series of important victories against the SEC in recent weeks.
Not only did the cryptocurrency firm secure a largely positive judgment in its case with the
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