XRP Price Prediction: Ripple Token Is Top Trending On CoinMarketCap After 7% Surge As This Crypto Wallet ICO Rockets Toward $7M
The XRP price surged 7% in the last 24 hours to trade at $2.51 as of 08:40 p.m. EST on trading volume that soared 51% to $8.4 billion, according to CoinGecko. The pump helped make the Ripple token the top trending crypto on CoinMarketCap . XRP Price Gearing Up For A Bullish Rally The XRP price chart shows that the Ripple token experienced a significant parabolic rally earlier, as evidenced by the steep price increase highlighted by the blue channel. This rally took XRP from around $0.5254 to a high of around the $2.84 level within a short period. Since reaching the peak, the price of XRP has entered a sideways consolidation phase, fluctuating within a horizontal range between approximately $2.24 and $2.61. This consolidation reflects a period of indecision, where buyers and sellers are relatively balanced. Additionally, the XRP price remains well above the 200-day Simple Moving Average (SMA), which is situated around $1.0038, indicating a long-term bullish trend. The 50-day SMA i...