The crypto space today is painted in green as it appears that most of the tokens have jumped significantly. But having a closer look, it is quite evident that the prices have dropped heavily during the previous day’s close which has recovered slightly. As the XRP price continues to trade around $0.3825 with a jump of 1.45%. However, XRP appears to chase the resistance in a short while from now which may trigger a fine upswing in the coming days.
The XRP price has been displaying immense strength for quite a long time and presently trading in an ascending order to reach the required resistance in a short while from now. Meanwhile, the bears have failed to restrict the price in the past few days and hence the upward trajectory may fuel the prices to secure levels beyond $0.4 very soon.
Coinpedia had earlier reported that the price is due to experience a significant plunge as the RSI is dropping towards the south. However, the recent price action, flipped the trend to a large extent as a significant bullish divergence is seen with the RSI and hence the price is not expected to test the resistance of the decisive symmetrical triangle. The price may continue to hover along the resistance of the triangle until it reaches the apex of the consolidation.
However, surging beyond $0.39 may induce significant momentum within the rally that may propel the price beyond $0.4. On the contrary, if the Ripple vs SEC effect impacts the XRP price then a possibility of huge price volatility may be expected. Moreover, if the lawsuit is settled, then the price may receive a larger boost and propel high triggering a minor bull run.
Source: https://coinpedia.org/price-analysis/ripple-price-prediction-xrp-price-may-hit-0-4-within-the-next-24-hours/