Over the past few weeks, XRP has become one of the cryptocurrencies whose price has skyrocketed. Able to break important resistance Investors are becoming more interested in investing in XRP.
The XRP market cap is up about $8.85 billion in the month at press time. The XRP market cap is now $26.864 million, up about 49% from the $18.07 billion it reached on March 17, according to CoinMarketCap data.
XRP’s price surge is partly due to increased buying pressure, which allowed XRP to successfully break through the resistance at $0.50. XRP is currently at $0.518839, a 40.8% increase over the past 30 days.
XRP Price Analysis
Investors expected the price of XRP to reach $1, but had to overcome several resistance points. Expect XRP to reach $0.60 in the near term, which is more likely.
According to Tradingview, investors are currently feeling XRP worth buying.
Fundamentals of XRP
The XRP price increase is partly due to the lawsuit between Ripple and XRP that Ripple is likely to win the lawsuit, and if it wins, XRP is expected to increase even more.
In a recent lawsuit update, Ripple’s legal team countered an additional power of attorney from the SEC that was provided as a supplement to the decision’s conclusion. fair reason
Disclaimer: This article is not an investment advice article. Users should study and decide before investing.
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