Ripple XRP price forecast after recording a trading volume of $1 billion – Will this currency recover strongly?
The price of Ripple (Ripple-XRP) is trying to recover after this currency recorded a trading volume of one billion dollars within 24 hours, and the price expectations in the near term can tend towards optimism if it exceeds the 21-day moving average and the long-term upward movement line. XRP trading volume in 24 hours reached $1.32 billion, the highest level recorded in 3 days.
XRP is currently trading at approximately $0.55, heading towards the 21-day moving average at $0.5530, and if it exceeds this level, it could retest the upward movement line extending from 2023 to 2024 near $0.57; XRP bears (bears) may be looking to increase short positions in this area, while falling below the upward movement line was a strong sign of a bearish price, meaning selling pressure could rise, and any potential recovery towards $0.57 could be short-lived.
