XRP Price Prediction as $1 Billion Trading Volume Comes In – Can XRP 10x From Here?

cryptonews.com:

The XRP price has risen by 1% in the past 24 hours, recovering to $0.516186 after a weekend in which the exit of market makers from Binance caused altcoin prices to fall by more than 25%.

XRP is now down by 3.5% in the past week but still up by 20% in the last 30 days, with the altcoin having risen by 51% since the beginning of the year.

While the SEC's actions against Binance and Coinbase have left the market unstable at the moment, XRP is in a stronger position than most other alts, because Ripple's own case with the SEC is due to end in the next few months.

And if this case ends positively for Ripple (which many observers expect it will), then XRP could rally massively in the following weeks.

XRP's chart makes for more positive reading than the charts of many other alts, even if its indicators are in a mixed position at the moment.

Its relative strength index (purple) has picked up again to 50, after spending the weekend very close to 30, which is indicative of overselling.

This suggests that XRP is regaining a little of its former momentum, although its 30-day moving average (yellow) has begun sliding downwards after the weekend's troubles, something which can signal further losses to come.

Still, XRP's support level (green) has actually risen in the medium term, providing some degree of reassurance that the altcoin isn't likely to fall much lower than it did on Saturday.

And looking at XRP's own particular situation and fundamentals, it's well-positioned to weather the SEC- and Binance-related fallout and enjoy additional gains in the not-too distant future. 

As we've noted on numerous occasions in the past few weeks, developments in the Ripple-SEC case have largely been very positive for Ripple, hinting that it may see a