• XRP has gained 3.5% in the past 24 hours, rising to $0.382995 as the cryptocurrency market recovers from its weekend losses.
• XRP’s community recently took to Twitter to urge Coinbase to relist the token, indicating confidence that Ripple will succeed in securing a positive judgment.
• XRP’s indicators remain consistent with either continued rises or new falls, making it hard to predict whether the token will continue its rally or not.
XRP Price Prediction
The XRP price has gained by 3.5% in the past 24 hours, rising to $0.382995 as the cryptocurrency market recovers from its weekend losses. Despite this, sentiment surrounding this case remains positive, with XRP’s community recently taking to Twitter to urge Coinbase to relist the token.
Indicators of Further Rises
XRP’s 30-day moving average (red) has flatlined after touching its 200-day (blue), and it looks like it could now come down along with its price. Meanwhile, XRP’s relative strength index (purple) has risen to more than 45 after sinking to 40, which could signal further increases for the token although there is no guarantee of this happening.
#RelistXRP Campaigns on Social Media
Today’s rise has occurred in the context of widespread campaigns on Twitter and social media encouraging Coinbase to relist XRP under the hashtag #RelistXRP; supporters argue that such a move would spark a massive rally for the token and result in millions of dollars in exchange fees for Coinbase itself. There are even rumors circulating that Coinbase may be planning on doing just that – however these have yet to be verified and should be taken with a grain of salt until any official announcements are made by either party.
Coinbase’s Support For Ripple
Despite having delisted XRP from their platform last year due to legal uncertainty surrounding Ripple’s lawsuit against SEC, Coinbase did submit an amicus brief in support of Ripple back in November – indicating that they still have a favorable view towards XRP despite current circumstances preventing them from listing it at present time.
It is difficult at present time to accurately predict whether or not XRPs prices will continue its rally; while indicators suggest that further increases are possible given enough time and favorable conditions there is also potential for new falls if sentiment reverses or if unfavorable news comes out relating Ripple’s ongoing legal battle against SEC.