XRP Price Prediction as BlackRock Trust Filing is Debunked – Can XRP Reach $10?
The XRP price has held stable in the past 24 hours, rising by a very modest 0.3% following yesterday’s filing of a fake XRP ETF trust.
At $0.655239, XRP is now down by 4% in a week, but remains up by 13% in a fortnight and by 34% in the last 30 days.
The coin has made such gains on the back of positive news regarding Bitcoin ETFs, and with the market remaining largely buoyant in the wake of such news, further gains are likely.
This is particularly the case when XRP remains in such a strong position fundamentally, given recent successes in the Ripple-SEC case.
XRP’s indicators have lost some strength in the past day or so, yet the coin has retained enough medium-term momentum to recover soon.
Its 30-day moving average (yellow) continues to climb steadily above its 200-day (blue), providing a classic sign of buying pressure and growth.
And while XRP’s relative strength index (purple) has dipped to 60 today, this still counts as a relatively high level, consistent with further gains.
Given that the coin’s support level (green) has made substantial headway in the past few weeks, XRP is unlikely to suffer significant falls if it dips in the near future.
Its trading volume also supports this view, remaining elevated at around $3 billion and sufficient to feed into further big price rises.
Such rises are likely to arrive once the proverbial dust has settled on yesterday’s fake XRP ETF trust filing.
Submitted to the state of Delaware, this filing caused the XRP price to surge to $0.70 yesterday, only for experts to quickly debunk it.
You can spoof the formation of an "XRP ETF" Trust.
It's fraud, but it's actually very easy and just costs $500.
You only need to file two documents (attached), pay the money, and you get a "placeholder" on the
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