XRP Price Prediction as XRP Spikes Up 3% Suddenly – Are Whales Buying?
In a remarkable show of resilience, Ripple’s XRP coin continues its upward trajectory, consistently maintaining a robust position around $0.6479.
The coin’s substantial growth throughout the year can largely be attributed to the growing optimism surrounding the possible resolution of its high-profile lawsuit with the US Securities and Exchange Commission (SEC).
Why is XRP price up today?
The price of XRP is up today, rising nearly 4.5% in the last 24 hours to a three-week high of $0.65. In result, it has outperformed the broader crypto market, whose returns in the last 24 hours came to be about 1%.
Optimistic SEC. vs Ripple update… pic.twitter.com/TFWYUrMNGw
— Bitcoin Traders Club (@btctraderclub) December 7, 2023
This buoyant market sentiment has significantly bolstered Ripple’s market capitalization, pushing it tantalizingly close to overtaking Binance Coin. XRP now stands just $1 billion shy of this significant financial milestone, marking a potentially historic moment in its market journey.
Let’s dive into the data and technical indicators to uncover the XRP price prediction.
The legal victory of Ripple over the SEC has significantly boosted its standing, with XRP retaining most of its gains despite a recent dip. Conversely, Binance Coin has encountered challenges, including the resignation of its CEO and a substantial fine, leading to a decline in its value.
As a result, Ripple is now on the brink of overtaking Binance Coin in terms of market capitalization.
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