XRP Price Prediction as Bulls Keep XRP Above $0.48 Support – Where is XRP Heading Next?
The XRP price has dipped by 1% in the past 24 hours, dropping to $0.483806 as the cryptocurrency market falls by a similar percentage within the same timeframe.
XRP is now down by 1.5% in the past week but up by 2% in the last 30 days, while positivity surrounding Ripple's case with the SEC has helped the altcoin gain by 42% since the beginning of the year.
However, the case is still awaiting a decision, which may take several months to arrive, while recent evidence has leaned both ways, hinting that there's no guarantee Ripple will secure a positive judgment or settlement.
But if it does, there's no doubt that XRP will enjoy a huge rally, rising back up to $0.5 and to $1 (or higher) by the end of the year.
XRP's chart reflects its recent falls, with its indicator showing a loss of momentum that may continue for a several days yet before we see a recovery.
The coin's relative strength index (purple) has slid below 50 and looks as though it will continue declining, meaning that it's losing buying momentum as the market increasingly comes to sell it.
Likewise, XRP's 30-day moving average (yellow) has dropped below its 200-day (blue) and is sinking further, with its fall only just beginning.
On the other hand, the fact thay XRP's support level (green) has risen gradually over the past week or so would suggest that any falls in the near future won't be particularly substantial.
In other words, XRP may dip a little further, but it's likely to resume rising again in the not-too distant future.
Supporting this view is the aforementioned Ripple-SEC case, which is expected to end in the next couple of months.
More importantly, there is an expectation that Ripple will end up with a result that works in its (and XRP's) favor, with recent
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