XRP Price Prediction as $1.2 Billion Trading Volume Sends XRP into the Green – Big Move Coming?

cryptonews.com:

The XRP price has risen by 0.5% in the past 24 hours, with its move to $0.618192 coming as the cryptocurrency market as a whole barely budges today.

XRP is now down by 10% in the last seven days, but remains up by 31% in the past month and by 81% since the beginning of the year, following the largely positive outcome Ripple welcomed in July in its case with the SEC.

And with XRP's 24-hour trading volume rising beyond $1.2 billion today, there's a very good chance that the altcoin could see further gains in the next few days and weeks.

If there's anything good that can be said about XRP's chart and technical indicators, it's that they suggest the altcoin may have reached the bottom of its recent decline.

XRP's 30-day moving average (yellow) recently dropped below its 200-day average (blue), something which usually precedes a recovery.

Likewise, the coin's relative strength index (purple) fell to nearly 20 a couple of days ago, a position which can only really be followed by a correction upwards.

Of course, the real question concerns the timing of any recovery, with XRP's support level (green) continuing to slide down with each passing day, and having declined ever since the coin's surge in the middle of July.

It's possible that XRP could fall a little further before the inevitable recovery happens, especially when the wider market appears to be going through a period of low optimism and bearishness.

Such bearishness doesn't change the fact that XRP remains in a fundamentally strong position, however, with the coin still likely to see sustained growth in the wake of Ripple's partial victory over the SEC in July.

Many holders and XRP supporters expect the coin to make big moves in the not-too distant future, an expectation given