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<p>The post <a href="https://coinpedia.org/news/from-0-38-to-0-47-22-in-xrp-rise-and-the-big-news-behind-it/" rel="noopener noreferrer nofollow">From $0.38 to $0.47 – 22% in XRP Rise and the Big News Behind It</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Good News for XRP Lovers as Ripple Joins CME Group and CF Benchmarks<br>XRP lovers received good news on the early morning of July 12. Starting July 29, the XRP Dollar reference rate and indices will be included in the CME Group and CF Benchmarks.&nbsp; Being listed here is a huge milestone for Ripple.</p>
<h2 class="wp-block-heading" id="h-xrp-twitter-saga"><strong>XRP Twitter SAGA</strong></h2>
<p>The information about XRP listing was shared in a tweet by the CME Group.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full is-resized"><a href="https://x.com/bgarlinghouse/status/1811493403160641820" target="_blank" rel="noopener noreferrer nofollow"><img decoding="async" width="485" height="816" src="https://image.coinpedia.org/wp-content/uploads/2024/07/12195028/tweet.png" alt="" class="wp-image-326548" style="width: 100%;height:auto" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/12195028/tweet.png 485w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195028/tweet-178x300.png 178w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195028/tweet-150x252.png 150w" sizes="(max-width: 485px) 100vw, 485px"></a>
  <figcaption class="wp-element-caption">
   Source : X (Formerly Twitter)
  </figcaption>
 </figure>
</div>
<p>Ripple’s CEO, Brad Garlinghouse, retweeted it, saying that having a trusted benchmark reference rate is the first step toward institutional crypto products. Until now, the <a href="https://www.cmegroup.com/articles/faqs/cme-cf-cryptocurrency-benchmarks-faq.html" target="_blank" rel="noopener noreferrer nofollow">list included</a> 16 cryptos like Bitcoin, Ether, Avalanche, and Bitcoin Cash. It also featured four DeFi tokens: Aave, Curve, Synthetix, and Uniswap, and three metaverse tokens: Axie Infinity, Decentraland, and Chiliz. With the addition of XRP, the list will now have 24 cryptocurrencies. As the crypto world waits for friendly regulations, XRP being included in this list brings positive sentiment for Ripple and its supporters. This is significant because CME Group is a leading derivatives market and CF Benchmarks is an FCA-regulated benchmark administrator.</p>
<h2 class="wp-block-heading" id="h-pending-issues-for-ripple"><strong>Pending Issues for Ripple</strong></h2>
<p>There is no new update in the SEC vs. Ripple case. Experts believe this case will conclude by July 2024, as predicted by Attorney Fred Rispoli. The last hearing was on May 13, 2024. Tomorrow, July 13, is crucial for Ripple. On this day last year, Judge Analisa Torres ruled that XRP is not a security, and following this ruling, XRP’s price doubled within hours.</p>
<h2 class="wp-block-heading" id="h-xrp-price-analysis"><strong>XRP Price Analysis</strong></h2>
<p>For the past five days, XRP has been on a continuous rise. From the lowest price point of $0.38249 to the current trading price of $0.46661, Ripple has jumped 22% in these five days. Right now, the 50-day Moving Average at $0.48048 is the biggest obstacle.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img decoding="async" width="1024" height="438" src="https://image.coinpedia.org/wp-content/uploads/2024/07/12195422/XRP-daily-chart-1-1024x438.png" alt="XRP daily chart" class="wp-image-326550" style="width: 100%;height:auto" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/12195422/XRP-daily-chart-1-1024x438.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195422/XRP-daily-chart-1-300x128.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195422/XRP-daily-chart-1-768x329.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195422/XRP-daily-chart-1-1536x658.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195422/XRP-daily-chart-1-150x64.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195422/XRP-daily-chart-1.png 1663w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source : TradingView
  </figcaption>
 </figure>
</div>
<p>The RSI is gradually getting stronger and is currently at 50.86. On the other hand, the MACD is also showing a bullish sentiment, as the MACD line has crossed above the signal line.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img decoding="async" width="1024" height="238" src="https://image.coinpedia.org/wp-content/uploads/2024/07/12195505/XRP-MACD-1024x238.png" alt="xrp MACD" class="wp-image-326551" style="width: 100%;height:auto" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/12195505/XRP-MACD-1024x238.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195505/XRP-MACD-300x70.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195505/XRP-MACD-768x178.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195505/XRP-MACD-1536x357.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195505/XRP-MACD-150x35.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195505/XRP-MACD.png 1693w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source : TradingView
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 </figure>
</div>
<p>Looking at the current trend through the FIB perspective, the latest support for Ripple is at $0.44842, with a significant resistance at $0.49412.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img decoding="async" width="1024" height="529" src="https://image.coinpedia.org/wp-content/uploads/2024/07/12195537/xrp-fib-1024x529.png" alt="xrp fib chart" class="wp-image-326552" style="width: 100%;height:auto" srcset="https://image.coinpedia.org/wp-content/uploads/2024/07/12195537/xrp-fib-1024x529.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195537/xrp-fib-300x155.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195537/xrp-fib-768x397.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195537/xrp-fib-1536x794.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195537/xrp-fib-150x77.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/07/12195537/xrp-fib.png 1684w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source : TradingView
  </figcaption>
 </figure>
</div>
<h2 class="wp-block-heading" id="h-looking-ahead"><strong>Looking Ahead</strong></h2>
<p>The Ripple and XRP community have been waiting for the SEC vs. Ripple case to end for the past four years. In this context, even small positive news holds great value. Support from large institutions and positive chart sentiment indicates that the time will soon come when XRP breaks all resistances and starts its upward journey. Now is the right time for those who wanted to invest but couldn’t. However, it is crucial to do your own research <a href="https://coinpedia.org/news/ripple-ceo-slams-sec-will-xrp-skyrocket-post-u-s-elections/" rel="noopener noreferrer nofollow">before taking any steps</a>.</p>

From $0.38 to $0.47 – 22% in XRP Rise and the Big News Behind It

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