XRP Price Prediction: Ripple Token Bounces Back With 8% Pump, But Traders Rush To Buy This ICO Before It’s Too Late
The XRP price surged 8% in the last 24 hours to trade at $2.48 as of 08:08 p.m. EST on trading volume that plunged 36% to $13 billion, according to CoinGecko. XRP Price To Continue Rising After The Rebound The XRP price, since mid-November, went through a parabolic curve, rising through higher lows and higher highs, to as high as $2.85. The price then went through a slight correction that pushed XRP back to the $2.20 support on the dotted horizontal line. However, the price of XRP then capitalized on the $2.20 support to push XRP back up through a rebound, as the bulls aim to still push the price even higher. The Ripple token now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the sustained bullish trend. Meanwhile, the Relative Strength Index (RSI) seems to be rebounding from the neutral zone as it soars past the 50-midline level, currently at 57. This shows that buying pressure is picking up at the current level. If the bulls push...