XRP Price Prediction: XRP Keeps Up Bullish Streak as Crypto Market Rally

Updated: 29 March 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Join Our Telegram channel to stay up to date on breaking news coverage

Despite a broader financial meltdown, the crypto market is still posting strong bullish signals. The emerging financial landscape is up 5.18% in the last day and has reclaimed its $1.18 trillion market valuation.

Big names like Bitcoin and Ethereum are up 5% and 4%, respectively, propelling the crypto market to a new high.

However, altcoins like Ripple’s XRP have been outliers, with the cross-border payment token climbing double-digits despite its lingering legal tussle with the U.S. Securities and Exchange Commission (SEC).

Could this be Ripple’s breakout season following growing confidence in a positive outcome in its case?

XRP Eyes New Price Level

At the time of writing, the XRP asset is trading at $0.54, with a price surge of 11.39% in the last 24 hours. With an uptrend of 46.8% in the past fourteen days and 45.6% in the last 30 days, the digital asset’s bullish streak has been consistent.

The XRP price surge has positively impacted its technical metrics. The asset’s current price overshadows all its moving average (M.A.) indicators, ranging from the 50-day SMA value of $0.39 for the short-term and the 200-day SMA value of $0.47 for the long-term.

According to the Fibonacci retracement levels, XRP has pushed through the 78.6% retracement level of $0.51 and is surging toward the 100% retracement level of $0.57. This level may cause some resistance for the asset.

However, if the momentum continues along with the broader crypto market’s recovery, the asset may also hit new price heights.

XRP’s moving average convergence divergence (MACD) is positive, showing that the asset is giving off a strong buy signal. Nevertheless, its relative strength index (RSI) is holding steady at 74.55 – an obvious sign that it is overbought.

The XRP technical results have been impressive. However, a steady rally along with the broader crypto market may push the asset above these indicators and into a new price range.

XRP Litigation Outcome Won’t Significantly Affect Business Operations Globally

Ripple’s APAC region policy director Rahul Advani stated at a press conference in South Korea on Wednesday that the court decision between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. will have little effect on the company’s global business expansion.

According to Advani, 90% of Ripple’s business is conducted outside of the United States, with a sizable amount taking place in the Asia-Pacific region.

The director said that the company’s expansion had been the greatest over the past two years of its involvement in the legal dispute with the SEC.

However, with speculations stating that the company might emerge victorious in the case, the XRP coin has kept a continuous bullish streak, and a favorable outcome will push the crypto asset to new price heights.

Explore These High-Value Assets for Gains

XRP’s strong technicals have demonstrated why the asset may be a top choice for investors. However, Investors can manage their risk by diversifying their portfolios with new crypto projects with the ability to rally after listing on exchanges for the first time.

One such high-value asset is $CCHG, the native token of C+Charge.

Electric mobility has been identified as one of the environmentally sustainable measures to combat climate change. However, the lack of infrastructure for charging and restricted access to carbon credits have hindered the transition.

Therefore, the eco-friendly project C+Charge has built a blockchain-based solution to bring carbon credit to the masses.

The C+Charge presale is ongoing, and the project has raised over $3.57 million from investors.

🤑🎉 Ready to win some serious cash? Join C+Charge's $50K #giveaway by visit the like and complete all tasks⬇️https://t.co/bfJcMxz1Og #GleamGiveaway #CryptoGiveaway

— C+Charge (@C_Charge_Token) March 28, 2023

At press time, the token is selling for $0.0235. However, the presale concludes in less than 4 hours, so interested investors should act quickly to secure the asset.

$FGHT, the Fight Out native token, is another high-value asset for investors to explore.

Fight Out’s gaming ecosystem combines the play-to-earn model and train-to-earn mechanics, encouraging users to improve their health while playing their favorite games.

The platform’s unique features include the opportunity to earn and exchange the REPS token for workout gear, clothing, and lower subscription prices, as well as the potential for users to improve their NFT avatars by engaging in challenges and enhancing their fitness to earn additional rewards.

The future of play-to-earn is here, and it's called #FightOut!

AHOU AHOU AHOU 👊⚡️

👉 https://t.co/9pikKGRjSd pic.twitter.com/CNsZn2uk1N

— Fight Out (@FightOut_) March 28, 2023