🤑🤑🤑Ripple Jumped 48% in 2 Days: Could $10 Be Next for XRP?

Ripple’s Rising Price

📈 Recent Surge
Ripple’s price has surged by 48% over the past two days, indicating a possible end to the downtrend that began on March 12. Currently, XRP is trading at $0.58209.

📜 Historical Context
In December 2020, the SEC sued Ripple Labs, claiming XRP was an unregistered security. Ripple won a significant victory on July 13 last year, with the court ruling XRP is not a security. Following this, XRP jumped by 100%. On the anniversary of this ruling, XRP has risen by 48%.

📊 Technical Analysis
Technical indicators show bullish sentiment for XRP. The MACD indicator shows the MACD line crossing the signal line, suggesting a bullish trend. All moving averages act as support, with the latest support in the $0.54900 – $0.55800 zone and major resistance at $0.65. Crossing $0.65 could push XRP towards $1, supported by the weekly trend line.

🐋 Whale Activity
Data from Messari shows XRP has been profitable over the past year, rising 377.56% from its low of $0.122 on March 13, 2020. However, it is still 82.28% below its all-time high of $3.29. Market intelligence platform Santiment reports XRP whales are supporting the price surge.

💭 Closing Thoughts
All indicators and on-chain data support XRP’s price surge. The crypto community awaits Ripple’s victory in the SEC case, which could propel XRP to $10. Institutions might start accepting Ripple, and we could see a Ripple ETF following the Solana ETF.