XRP Price Prediction as XRP Becomes One of the Best Performing Assets on the Market – Are Whales Buying?
The XRP price has dropped by 3% in the past 24 hours, falling to $0.428988 as the cryptocurrency market responds to news of yet another rate hike from the Federal Reserve yesterday.
Despite today's dip, the altcoin remains up by 16% in a week and by 10% in the last month, while it has also risen by 26% since the start of 2023.
XRP did enjoy a massive rally earlier this week as rumors spread online that the Ripple-SEC case was very close to ending, and most likely with a positive outcome for Ripple.
However, while a decision is yet to arrive, there's little doubt that one will come in the next few months, and if it is positive, XRP will surge.
After reaching 70 and higher a couple of days ago, XRP's relative strength index (purple) has climbed down to just under 60, indicating a loss of momentum.
On the other hand, the coin's 30-day moving average (red) has begun rising up towards its 200-day average (blue), suggesting that the coin hasn't been overbought and still has space left to rise in the coming days.
However, given the nature of what caused this week's surge -- belief in an incoming decision in the Ripple-SEC case -- it's entirely arguable that another big spike won't come until the market receives reliable evidence or confirmation of an actual end to the case.
Based on what we know, such an end isn't likely to be very far away, given that everything has briefed in the case and that all that's left is for Judge Analisa Torres to reach a judgment.
Indeed, Ripple CEO Brad Garlinghouse has said on numerous occasions in recent weeks that he expects an end to the case this year, and perhaps by the summer.
Not only is the case at the beginning of its end, but there remains a good chance of Ripple winning, given recent positive
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