• XRP price has gained by 3.5% in the past 24 hours, rising to $0.382995.
• Sentiment surrounding Ripple’s legal battle with the SEC remains positive, with XRP’s community recently taking to Twitter to urge Coinbase to relist the token.
• XRP’s indicators are consistent with either continued rises or new falls.
XRP Price Increases
The XRP price has gained by 3.5% in the past 24 hours, rising to $0.382995 as the cryptocurrency market recovers from its weekend losses. Its current price represents a 5% fall in a week and a very slight 0.4% dip in the last 30 days, as XRP continues to be undermined by the dragging on of Ripple’s legal battle with the SEC.
Positive Sentiment Around Legal Battle
Despite this, sentiment surrounding this case remains positive, with XRP’s community recently taking to Twitter to urge Coinbase to relist the token. This indicates confidence that Ripple will succeed in securing a positive judgment, and that exchanges will be legally permitted to list XRP.
XRP Indicators Show Potential for Increase or Decrease
XRP remains in a precarious position at the moment, with its indicators consistent with either continued rises or new falls. Its 30-day moving average (red) has flatlined after touching its 200-day (blue), and it looks like it could now come down along with its price. Meanwhile, XRP’s relative strength index (purple) has risen to more than 45 after sinking to 40. Having already fallen in recent days, this minor recovery could signal further increases, although it could just as easily fall again, as happened in December.
Relisting Rumors Abound
Today’s rise has occurred in the context of the widespread campaigns on Twitter and social media to encourage Coinbase to relist XRP under #RelistXRP hashtag . Supporters have argued that not only would such a relisting spark a rally for the token but that Coinbase would benefit by reaping millions in exchange fees too.. Some have even claimed they’ve heard rumors that Coinbase is indeed planning to relist XRPP , although there is no evidence in support of such speculation.. That said,the exchange did submit an amicus briefin support of Ripple back in November which supports their favorable stance towards XRp despite delisting it before .
Given all these factors at play ,it is difficultto make predictions about how much higher or lower xrp prices may go . However ,the overall sentiment around ripple seems quite positive despite its ongoing legal battleswith SEC .