XRP price don increase by 2.5% for di last 24 hours, reach $0.375464, and di cryptocurrency market don gain 5% as a whole.
E current price na 0.5% gain for di past week, although di altcoin dey down by 2% for di past month, and e don increase by 10% since di beginning of 2023.
Although XRP don underperform for di past week compared to di rest of di market, e dey undervalued now, so e fit gain pass di market for di next few months.
Ripple dey expect dem legal case with SEC to end later this year, and if e end well, XRP fit rally very well for di future.
Some whales fit dey prepare for dis, as data show say some of di biggest traders don dey transfer massive amount of XRP, and di coin 24-hour trading volume don pass $900 million.
XRP indicators show say di coin fit rally soon, as e still dey in oversold position. Di 30-day moving average don fall well well below di 200-day average, meaning say movement up go show soon.
Di relative strength index don also dey down since February, meaning say e fit gain momentum soon.
E go fit gain bigger gains if e fit break through di main resistance level wey dey $0.38.
Whale Alert don show say some big transfers of XRP don happun for di past few days, including some from di Mexico-based Bitso exchange, indicating say some XRP whales dey buy and prepare to hold.
However, some transfers don also happen to exchanges like Bitstamp, so e no clear if all di whales believe say XRP surge go happen soon.
The XRP community dey expect say good thing go happun based on di progress wey Ripple don make for dem long-running Ripple-SEC legal case. Dem don win some favorable decisions recently, wey make e seem like say dem get chance to win positive settlement or judgment.
All these developments fit make XRP perform well for di market, and e fit reach record high of $3.40, especially if di market become more bullish.
For now, investors fit expect XRP to continue to rise steadily, and fit reach $0.40. Average analyst predictions dey target price of around $0.55 for January 2024.
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