XRP Price Prediction as Delaware refers Fake BlackRock XRP Trust Filing to Department of Justice – Will XRP Crash Soon?
The XRP price has dipped by 1.5% in the past 24 hours, although the altcoin has regained 1% in the past hour, as it looks to recover from the market impact of the recent fake XRP trust filing.
At $0.638708, XRP has also fallen by 8% in the past week, a loss which reduces its gains in the past month to 29%.
Yet despite the negative effects of the fake filing, XRP retains its medium- and long-term momentum, having gained by 87% since the start of the year.
And with the wider market likely to enjoy an end-of-year rally, XRP is more likely to rise again than crash soon.
XRP has suffered a slight loss of momentum in the past few days (like much of the market), yet its overall trajectory still looks promising.
Its relative strength index (purple) is rising towards 60 again, after dipping earlier in the week.
This suggests that buying pressure is returning to the token, which is also seeing its 30-day average (yellow) rising higher above its 200-day (blue), providing another sign that its rally is still ongoing.
It’s also very promising that XRP’s support level (green) remains substantially elevated compared to where it was in the middle of October, indicating that the coin isn’t likely to fall very far before rising again.
Another positive sign is that the coin’s 24-hour trading volume is close to $2 billion, suggesting that traders remain interested in buying it at a relative discount.
And now may be a good time to buy it, with the furore surrounding the fake BlackRock XRP Trust filing serving to depress its price over the past few days.
LATEST ON FAKE XRP ETF FILING: "Our only comment is that this matter has been referred to the Delaware Department of Justice," the spokesperson (for Delaware Dept of State) said. Damn. Someone out
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