Convergence

Rally

Bank AI

Divergence

<div class="coingape"> 
 <p>Investors have since the&nbsp;Ripple ruling, which deemed <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> not a security in secondary sales, like those on exchanges like Coinbase and Binance, focused less on&nbsp;Bitcoin (BTC)&nbsp;while concentrating on altcoins.</p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
 </div> 
 <p>Funds built around <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> and SOL performed incredibly, with the AUM growing “by 33.2%, accumulating to $65.7 million. Likewise, SOL-focused products rose by 55.7%, resulting in an AUM totaling $87.8 million.”</p> 
 <figure id="attachment_155412" aria-describedby="caption-attachment-155412" style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class="wp-image-155412" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20700%20330'%3E%3C/svg%3E" alt="XRP AUM" width="700" height="330" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/27/4ad7cbe2854e234eaf6f4b062fe3982f.webp"> 
  <noscript> 
   <img decoding="async" class="wp-image-155412" src="https://cdn.thebittimes.com/images/2023/07/27/4ad7cbe2854e234eaf6f4b062fe3982f.webp" alt="XRP AUM" width="700" height="330"> 
  </noscript> 
  <figcaption id="caption-attachment-155412" class="wp-caption-text">
    source CryptoCompare 
  </figcaption> 
 </figure> 
 <h2 id="can-xrp-rally-to-1">Can XRP Rally To $1?</h2> 
 <p><a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> is trading at $0.7158 following a 2% spike in the last 24 hours. The recovery stemmed from support confirmed after <a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> abandoned the SEC-Ripple ruling-trigged rally at $0.85.</p> 
 <p>Reinforcing that support was the 100-day Exponential Moving Average (EMA) (blue)), which is still in line to dampen declines in the event of a pullback from the current market value.</p>  
 <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="NewTrendin dsdsd m-on"> 
   <h5> 
    <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
    </svg>Recommended Articles </h5> 
   <div class="TrendSList owl-carousel owl-relatedpostar"> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/25/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/25/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/25/9acafad721dcbc6c15e6daccd38017cb.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/25/9acafad721dcbc6c15e6daccd38017cb.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Best Crypto Exchange Affiliate Programs In 2023</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/26/b31cabf387544aafba212df61a9a40a5.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/26/b31cabf387544aafba212df61a9a40a5.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/27/e59946958a3ce000f279efb2e1b9c852.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/27/e59946958a3ce000f279efb2e1b9c852.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
    </div> 
    <div class="BoXtrendsI bg-white"> 
     <div class="ImgFrmI"> 
      <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/27/48cfebc8a0493db9937bed5dd005ee19.webp"> 
      <noscript> 
       <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/27/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
      </noscript> 
     </div> 
     <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
    </div> 
   </div> 
  </div> 
 </div> 
 <figure id="attachment_155413" aria-describedby="caption-attachment-155413" style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class="size-full wp-image-155413" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201144%20604'%3E%3C/svg%3E" alt="XRP price above $0.7" width="1144" height="604" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/27/ad1753f523d2fd10c01a28608d050f51.webp"> 
  <noscript> 
   <img decoding="async" class="size-full wp-image-155413" src="https://cdn.thebittimes.com/images/2023/07/27/ad1753f523d2fd10c01a28608d050f51.webp" alt="XRP price above $0.7" width="1144" height="604"> 
  </noscript> 
  <figcaption id="caption-attachment-155413" class="wp-caption-text">
    XRP/USD four-hour chart | Tradingview 
  </figcaption> 
 </figure> 
 <p>On the upside, the 50-day EMA (red) at $0.7206 is making it difficult for bulls to push for a breakout to $1.</p> 
 <p>However, if more buyers heed the buy signal as confirmed by the Moving Average Convergence Divergence (MACD), the path with the least resistance will stay on the upside.</p>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p>Bullish crosses in this momentum indicator showcase an improving technical picture, characterized by the MACD line in blue crossing above the signal line in red. Flipping above the mean line is another cue that traders need to look out for when they need to validate their exposure to long positions in XRP.</p> 
 <p>The support at $0.68 and resistance at $0.85 hold even on the daily chart, with&nbsp;<a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> price&nbsp;likely to consolidate before the ultimate breakout to $1.</p> 
 <p>It is worth mentioning that the MACD dons a sell signal on the daily chart, with the line in blue below the line in red. As the indicator drops toward the mean line (0.00), declines below $0.68 would start to manifest.</p> 
 <p>In that case, short positions in XRP will turn profitable toward the subsequent support at $0.6, held in place by the 50-day EMA.</p> 
 <figure id="attachment_155411" aria-describedby="caption-attachment-155411" style="width: 100%" class="wp-caption aligncenter"> 
  <img decoding="async" class="size-full wp-image-155411" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201143%20609'%3E%3C/svg%3E" alt="XRP price above $0.7" width="1143" height="609" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/27/f58952d67ebb02a7cb1c41bb0053cc1c.webp"> 
  <noscript> 
   <img decoding="async" class="size-full wp-image-155411" src="https://cdn.thebittimes.com/images/2023/07/27/f58952d67ebb02a7cb1c41bb0053cc1c.webp" alt="XRP price above $0.7" width="1143" height="609"> 
  </noscript> 
  <figcaption id="caption-attachment-155411" class="wp-caption-text">
    XRP/USD daily chart | Tradingview 
  </figcaption> 
 </figure> 
 <p>The Relative Strength Index (RSI) in the same time frame reveals that the uptrend to $1 may encounter delays, where&nbsp;<a rel="noopener noreferrer nofollow" title="XRP" href="https://thebittimes.com/tag/xrp.html">XRP</a> price may drop to a lower price level&nbsp;to sweep new liquidity ahead of another major breakout to $1. If push comes to shove, traders may have to plan for an extended drop to $0.5 – support reinforced by the 200-day EMA.</p> 
 <h3 id="related-articles">Related Articles</h3> 
 <ul> 
  <li>Breaking: European Central Bank (ECB) Hike Rates By 25 Bps, Bitcoin Consolidates</li> 
  <li>US GDP Grows To 2.4% in Q2; Will Bitcoin Price Regain $30k?</li> 
  <li>Just-In: Hong Kong Central Bank Collaborates With Saudi Arabia After UAE Crypto Push</li> 
 </ul> 
 <p>&nbsp;</p> 
</div>

XRP Investment Funds See AUM Surge; Will XRP Climb To $1?

Table of Contents

TheBitTimes

Other articles published on Aug 1, 2023

SEC Files Fraud Lawsuit Against Crypto Influencer Richard Heart Over Alleged Misappropriation

Veteran Trader Peter Brandt Gives Golden Advice to Crypto Traders

Ethereum Holders in Profit Tops 63% Despite Price Slip

Ron DeSantis pledges to safeguard Bitcoin to foster Crypto growth in America if elected as President

Pro-XRP lawyer claims SEC prioritizes corporate capitalism over investors

GoMining Token: BURN & MINT PROCESS

Join our free newsletter for daily crypto updates!