Recently the price of XRP has seen a jump of 16% in the last seven days, making it the best-performing top 50 coins this week. Such price action has been driven by expectations that the Ripple-SEC case is close to ending, with whales accumulating the token. And once the above case does reach its end, a positive outcome for Ripple will send XRP's price rising even higher.
XRP's 30-day moving average has just overtaken its 200-day average, something which points toward a breakout rally that could continue for several days yet. It's worth remembering that the digital asset has been dramatically undervalued for a pretty long time. It's, therefore, possible that conventional indicators can be disregarded a little here, as the coin makes up for lost time and lost value.
Ripple's financial reports show positive developments being made of XRP as part of its cross-border payments business, which in recent months has gone globally. In light of all this, Ripple could really grow rapidly in the months and years following the case's verdict, and its price could see a massive jump. As of now, at the time of writing this article, XRP stands at #6 and has a market capitalization of $26.5 Billion as per CoinMarketCap.
>> Disclaimer:- Cryptocurrency Investment is subject to high market risk. The information on our website is for educational purposes only. Please do your own research before investing anywhere, we will not be responsible for your investment losses.