XRP exudes confidence before SEC verdict as March gains cross…

ambcrypto.com:

Following an excellent monthly performance that distinguished it from the rest of the crypto market, Ripple [XRP] could be faced with an imminent correction. Needless to say, XRP’s 53% hike in the last 30 days was unprecedented. However, the drums of a possible victory over the SEC played their part in renewing buyers’ confidence.

Is your portfolio green? Check the Ripple Profit Calculator

The rise was also vital in helping XRP reach its highest profit-taking activity since August 2021. This confirmed how underwhelming XRP’s performance has been for a long while. According to Santiment, the daily on-chain transaction volume in profit to loss was at 1.188.

Source: Santiment

Although selling pressure most times leads to a decrease in asset price, XRP seemed like it was committed to defying the trend. At press time, the token value had increased another 18.17% in the last 24 hours.

As per the technical outlook, the Chaikin Money Flow (CMF) showed that the accumulation and distribution of the token have significantly heightened. At press time, the CMF was in the positive range, closing at 0.18.

This value being above zero signified that strength for XRP has developed into an overbought region. Further, the Directional Movement Index (DMI) showed that the dominant forces were still behind the price uptrend.

As of this writing, the +DMI (green) was at 41.11 as the Average Directional Index (ADX) solidified the movement at 41.79. The ADX (yellow), if positioned above 25, means that an asset’s directional strength had reinforced support. However, the -DMI (red) was in a massive negative swing. This implied that sellers had not penetrated the buying pressure.

Source: TradingView

How much are 1,10,100 XRPs worth today ?