Current prices and charts:
1. Price: $XRP is currently trading between $2.45-$2.47, up about 4.34%-5.25% in the last 24 hours.
2. Latest high: $2.48, and low $2.29 (24-hour range).
3. Trading volume: $6.9B-$8.9B, showing a higher level of trading than the previous day.
4. Technical Indicators:
RSI (Relative Strength Index): 65.57 (neutral condition, not overbought).
MACD: is pointing in a positive direction, indicating the possibility of an uptrend.
SMA20: $2.18 (current price is above, which is a bullish signal).
Hype and Newsfeed:
Ripple's legal victory: Ripple has won its long-running SEC legal case, allowing XRP to operate in the US market, which is likely to lead to increased institutional participation in the market.
Developments in practical terms: XRP is gaining popularity for cross-border payments and fast and low-cost transactions at large financial institutions.
Forecast for the next 24 hours:
1. Positive Trend: Based on current market conditions, strong trading volume, and technical indicators, XRP could reach $2.50-$2.55 in the next 24 hours.
2. Risk Factor: If the support level of $2.29 is broken, the price could drop to $2.20-$2.25.
3. In short: The bullish movement is likely to continue, but higher levels of resistance are in the $2.50-$2.55 region.
Note: Price fluctuations depend on many market variables. Make decisions carefully and avoid excessive leverage.
