Ripple's XRP has seen a remarkable surge, securing its position as the third-largest cryptocurrency by market capitalization. The resolution of Ripple's legal battle with the SEC has boosted investor confidence.
Current Situation of XRP
XRP trades at $2.51, with a gain of 4.27%. In the last 24 hours, the asset hit a high of $2.57, with a pullback to $2.34. A liquidation of $17.81 million was observed, and trading volume reached $12.2 billion.
Analysis of XRP's Technical Indicators
The 9-day moving average is above the 21-day moving average. XRP's RSI is at 62.20, indicating a neutral zone. The MACD line has briefly crossed above the signal line, suggesting increased buying pressure.
Prospects for XRP Growth
If current momentum strengthens, XRP may retest the $2.56 resistance zone. However, if bearish pressure intensifies, the price may drop to the $2.44 range.
XRP’s recent surge follows positive news from the SEC settlement and the upcoming RLUSD launch. Investors anticipate critical resistance levels to be tested for further asset growth.
