XRP Price Prediction As Volume Soars 120%, SEC Replies to Ripple Lawsuit, And Analysts Say This Crypto May Be Next To Explode

General

Join
Our


Telegram
channel
to
stay
up
to
date
on
breaking
news
coverage


The
XRP
price
has
surged
5.6%
in
the
last
24
hours


to
trade
at
$0.55

as
of
7:30
a.m.
EST
on
a
120%
jump
in
trading
volume
to
$1.6
billion.


This
comes
as
the
Securities
and
Exchange
Commission
submitted
its
final
reply
in
the
remedies
phase
of
the
ongoing
legal
dispute
with
Ripple
Labs.


The
XRP
Price
Bulls
Poised
For
Another
Bull
Rally


The
XRP
price
is
hovering
around
$0.56,
a
significant
level
for
the
coin
over
the
last
five
days.
The
price
also
indicates
a
downtrend
from
its
peak
at
$0.74
as
the
struggle
between
the
bulls
and
the
bears
to
control
price
leads
to
the
formation
of
the
falling
wedge
pattern
that
signals
a
bullish
trend
reversal.

XRP Price


XRPSUSDT
Analysis.
Source:
Tradingview.com


The
price
indicators
are
showing
positive
signs,
as
the
price
is
currently
below
the
50-day
and
200-day
simple
moving
averages.
A
further
push
upwards
could
confirm
the
expected
rally
above
the
200
SMA
and
the
upper
trendline
of
the
falling
wedge.


Additionally,
the
Relative
Strength
Index
(RSI)
has
bounced
back
from
the
30
oversold
level
to
the
midline
level
of
50,
indicating
intense
buying
pressure.
If
the
momentum
continues
to
increase,
the
RSI
might
enter
the
overbought
zone. 


The
green
bars
on
the
Moving
Average
Convergence
Divergence
(MACD)
indicator
and
the
recent
crossover
above
the
signal
line
are
bolstering
confidence
in
XRP’s
price
increase..


XRP
Price
May
Initiate
Bull
Rally
Above
The
Falling
Wedge
Pattern


The
XRP
price
is
on
the
brink
of
a
great
bull
rally.
The
presence
of
the
falling
wedge
fuels
the
bullish
momentum,
driving
the
price
higher
toward
new
highs
at
$0.8329


However,
if
the
bears
retake
charge,
the
price
might
drop
to
$0.50
within
the
wedge.
Further
downward
pressure
could
lead
to
a
retracement
towards
the
lower
trendline
of
the
wedge
at
$0.4359.


Last
Call:
Buy
SpongeV2
Now
–
The
Meme
Coin
Set
to
Skyrocket
100X!


Even
as
some
traders
anticipate
a
surge
in
the
XRP
price,
there
are
others
who
are
equally
upbeat
on
the


SpongeV2

presale. 



SpongeV2

is
gearing
up
for
its
listing
on
top-tier
exchanges,
and
offering
investors
a
last
chance
to
buy.


With
enhanced
features,
SpongeV2
promises
great
opportunities
for
investors
compared
to
SpongeV1,
which
saw
early
backers
enjoying
returns
of
up
to
100x
last
year
in
a
bear
market.
At
its
highest
point,
SpongeV1
even
hit
a
market
cap
of
$100
million.


Enjoy
Rewards
Via
Staking
And
P2E 


Investors
can
earn
substantial
passive
income
with


SpongeV2

via
its
staking
mechanism,
which
offers
an
annual
percentage
yield
(APY)
of
163%
on
Ethereum
and
339%
on
the
Polygon
network.


A
racing
game
is
set
to
launch
soon
as
well,
providing
players
the
chance
to
earn
rewards
in
SPONGE.
There
will
be
both
paid
and
free
versions.
In
the
paid
version,
SPONGE
will
be
the
in-game
currency,
and
rewards
will
be
paid
in
SPONGE
tokens.


Analyst
and
Crypto
YouTuber
Clay
Bro,
with
over
127k
subscribers,
says
SpongeV2
could
surge
100X
upon
launch.


If
you
are
interested
to
buy,
act
soon
because
the
presale
can
end
at
any
time. 



Visit
the
official
website
to
buy
SPONGEV2
tokens
here
using
ETH,
MATIC,
USDT,
or
a
bank
card.


Related
Articles

Smog
(SMOG)
–
Meme
Coin
With
Rewards

Smog token

  • Airdrop
    Season
    One
    Live
    Now
  • Earn
    XP
    To
    Qualify
    For
    A
    Share
    Of
    $1
    Million
  • Featured
    On
    Cointelegraph
  • Staking
    Rewards
    –
    42%
    APY
  • 10%
    OTC
    Discount
    –
    smogtoken.com

Smog token

Join
Our


Telegram
channel
to
stay
up
to
date
on
breaking
news
coverage

You might also like More from author

Comments are closed.