XRP Price Prediction as Ripple On-Demand Liquidity Product Surpasses $200 Million XRP Tokens Sold – XRP Pump Incoming?
The XRP price has gained by 1% in the past 24 hours, reaching $0.402474 after Ripple published its Q4 Markets Report. Its current level marks a 3.5% increase in a fortnight and an 18% rise in the last 30 days, with Ripple's latest report revealing that it sold just over $220 million in XRP in the fourth quarter, helped by demand for its on-demand liquidity product.
While these positive results have barely nudged the XRP price (at least for now), they indicate that demand for Ripple's services, and for XRP, is strong even as the company remains embroiled in its long-running legal battle with the SEC. And with this case entering its end phase, such demand could increase exponentially if Ripple secures a positive outcome.
XRPs chart reveals an altcoin that may be about to rally. After beginning a decline towards 50, its relative strength index (purple) has risen again in the past day or so, indicating a recovery of momentum.
Meanwhile, XRP's 30-day moving average (red) is nearing its 200-day (blue), with a crossover signaling a potential breakout rally. Of course, with the broader market remaining in an uncertain condition, things could easily go either way.
However, in terms of XRP's fundamentals, a rally is definitely on the cards at some point. As the aforementioned Q4 report makes clear, Ripple's On-Demand Liquidity (ODL) product, an XRP-based cross-border payments solution available in around 40 markets worldwide. continues to attract consistent business.
In fact, not only did Ripple record around $226.31 million in net XRP sales in the fourth quarter of the year, but it also recorded $310.68 million in the previous quarter. In other words, demand for XRP is fairly constant, despite Ripple's well-documented tussle with the
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