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The XRP price climbed 1% in the last 24 hours to trade at $2.21 as of 4.40 a.m. EST on trading volume that dropped 30% to $2.34 billion.
The latest move by the Ripple token comes as Eric Trump said at Token2049 in Dubai that the SWIFT payment system is broken, and that crypto is going to replace it. If he’s right, the XRP remittance token and Ripple’s RLUSD are poised to benefit.
XRP Price Prediction
The XRP price performance in the last 24 hours reflects the interest of traders and investors who briefly pumped its price to $2.25. However, the token’s price then corrected to $2.20, and is now recovering again.
The increased activity caused regular, if minor, price fluctuations, which ensured a relatively consistent width of the project’s Bollinger bands. While the bands have gone wider when the price made major moves recently, their current width can still be considered a bullish signal.
The project’s Relative Strength Index (RSI) value has also seen plenty of activity, going from the value of 20 deep in the oversold zone on April 30, to the neutral zone of 50-60 on early May 1, only to climb to the overbought zone later in the day.
However, as the day came to a close, the RSI dropped back to fluctuating between 40 and 50, and after a brief hike to 63.55, it dropped to the oversold zone once again.
In the last few hours, the RSI surged from the value of 30 to 50 once again, suggesting that traders are buying again, and that also pushed XRP’s price from $2.1959 to its current value of $2.21. For now, there is still room for further growth, but it remains to be seen whether traders will push the price to its full capacity.
Promising Alternative To XRP
As the XRP price remains range bound, the Best Wallet (BEST) presale has surged to within a whisker of $12 million.
It’s a wallet that launched about six months ago, but quickly captured the attention of crypto users for its advanced features. The wallet supports 60 different blockchains, meaning that you can store thousands of cryptocurrencies and trade them, swap them, buy them, sell them, and even stake them within it.
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You can even connect your other wallets and manage all of your funds and different portfolios from one place. On top of that, it has a native launchpad that has launched several highly promising tokens, like Wall Street Pepe, Pepe Unchained, and Catslap.
Each of them saw a major price surge after going live, so many investors think that the same will happen with BEST.
BEST also offers perks to its holders that include lower trading fees, higher staking rewards, early access to new tokens, and the ability to join community governance.
ClayBro, an influential crypto YouTuber with over 136k subscribers, believes BEST has 10x potential after launch.
BEST tokens are on sale for only $0.02495. Buy before a price hike in a little more than 1 day to secure the best deal.
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