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XRP price prediction: XRP, amidst the ongoing legal scuffles with the U.S. Securities and Exchange Commission, is showing promising signs of upward movement. The cryptocurrency, native to the Ripple network, has recently seen a modest but bullish gain, catching the attention of investors and enthusiasts alike. Currently, <a href="https://coingape.com/price/xrp/" rel="noopener noreferrer nofollow">XRP price</a> stands at $0.6498, reflecting a 3.50% increase in the past 24 hours, which fuels optimistic speculation about its short-term prospects.
<h2 id="strong-xrp-price-prediction-analyzing-the-modest-surge-strong">XRP Price Prediction: Analyzing the Modest Surge</h2>
The <a href="https://coingape.com/glossary/cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency</a> market has recently witnessed significant price surges across leading digital currencies, including Bitcoin, Ethereum, Solana, and Shiba Inu. Amidst this volatile landscape, XRP presents a more stable growth pattern. Over the past week, the <a href="https://coingape.com/trending/top-3-reasons-why-xrp-price-will-hit-1-soon/" rel="noopener noreferrer nofollow">XRP</a> experienced fluctuations between $0.62 and $0.65, marking an impressive monthly gain of 25% and a weekly increase exceeding 20%.
<figure id="attachment_184063" aria-describedby="caption-attachment-184063" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/03/XRP-Price-Prediction-e1709576725231.png" rel="noopener noreferrer nofollow"><img decoding="async" class="size-full wp-image-184063" src="https://coingape.com/wp-content/uploads/2024/03/XRP-Price-Prediction-e1709576725231.png" alt="XRP Price Prediction: Why XRP Price Run To $1 Unstopabble Despite SEC Legal Scuffles" width="1200" height="541"></a>
 <figcaption id="caption-attachment-184063" class="wp-caption-text">
 XRP Price Prediction
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Currently, XRP boasts a market capitalization of around $25 billion. This valuation cements its status as the world’s sixth-largest cryptocurrency, according to the latest figures from <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/xrp/">CoinMarketCap</a>. The trading volume for XRP has seen a notable jump, with a more than 54% rise in the last 24 hours alone, totaling approximately $3.2 billion.
<h2 id="strong-strategic-collaborations-enhance-xrp-s-market-position-strong">Strategic Collaborations Enhance XRP’s Market Position</h2>
The legal dispute between the US <a href="https://coingape.com/xrp-lawyer-predicts-whats-next-in-ripple-vs-sec-lawsuit/" rel="noopener noreferrer nofollow">SEC</a> and Ripple has put significant pressure on XRP’s market performance. Despite this, optimism among web3 developers for this seasoned cryptocurrency remains strong. In a recent development, <a href="https://coingape.com/ripple-vs-sec-judge-announces-order-concerning-us-secs-deadline-extension/" rel="noopener noreferrer nofollow">Ripple</a> has teamed up with the Alexar Foundation. This partnership aims to bring effortless DeFi interoperability within the XRP Ledger (XRPL) network.
The cryptocurrency sector has recently seen a surge in investments, greatly enhancing the liquidity of existing digital assets. Backed by Ripple Labs, XRP has shown a positive market trend. It emerged from a downward trend, marking a notable rise by closing above $0.64 last week.
<h2 id="strong-technical-indicators-support-a-bullish-outlook-for-xrp-strong">Technical Indicators Support a Bullish Outlook for XRP</h2>
The critical support level for XRP is currently at $0.65. If the market maintains this level, XRP anticipates that a bullish trend will ensue, propelling XRP towards testing the resistance mark of $1 soon. Conversely, if the market sentiment shifts in favor of the bears, XRP might witness a decline in XRP’s value, potentially reaching the lower threshold of the $0.55 support level.
The technical indicator on the daily chart suggests a rising trend for XRP despite a recent modest uptick in bullish sentiment. These indicators, including various moving averages and oscillators, lean towards a recommendation to buy. The Relative Strength Index (RSI), positioned at 70, points to an overbought condition yet signals a potential buying opportunity.
<figure id="attachment_184062" aria-describedby="caption-attachment-184062" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/03/XRPUSD_2024-03-04_21-04-39.png" rel="noopener noreferrer nofollow"><img decoding="async" class="size-full wp-image-184062" src="https://coingape.com/wp-content/uploads/2024/03/XRPUSD_2024-03-04_21-04-39.png" alt="XRP Price Prediction: Why XRP Price Run To $1 Unstopabble Despite SEC Legal Scuffles" width="1154" height="622" srcset="https://coingape.com/wp-content/uploads/2024/03/XRPUSD_2024-03-04_21-04-39.png 1154w, https://coingape.com/wp-content/uploads/2024/03/XRPUSD_2024-03-04_21-04-39-300x162.png 300w, https://coingape.com/wp-content/uploads/2024/03/XRPUSD_2024-03-04_21-04-39-768x414.png 768w, https://coingape.com/wp-content/uploads/2024/03/XRPUSD_2024-03-04_21-04-39-150x81.png 150w" sizes="(max-width: 1154px) 100vw, 1154px"></a>
 <figcaption id="caption-attachment-184062" class="wp-caption-text">
 XRP Price Chart: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/x/4XRGy0aw/">Tradingview</a>
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The meeting point of the 20-day Exponential Moving Average (EMA) with the 50-day EMA strengthens the bullish case. Additionally, the Awesome Oscillator (AO), a key market momentum indicator, shows a reading of 0.0694. This figure hints at an increasing momentum, potentially indicating further gains for XRP’s valuation.
The post <a href="https://coingape.com/markets/xrp-price-prediction-why-xrp-price-run-to-1-unstopabble-despite-sec-legal-scuffles/" rel="noopener noreferrer nofollow">XRP Price Prediction: Why XRP Price Run To $1 Unstopabble Despite SEC Legal Scuffles</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

XRP Price Prediction: Why XRP Price Run To $1 Unstopabble Despite SEC Legal Scuffles

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