The XRP price has risen by 2.5% in the last 24 hours, reaching $0.375464 amidst a 5% gain for the entire cryptocurrency market. While XRP has underperformed relative to the rest of the market over the past week, this could put it in an undervalued position where it can post above-average gains in the coming months. XRP’s indicators suggest that the coin is primed for a rally, with its 30-day moving average and relative strength index indicating a movement upwards is due sooner or later. XRP’s main resistance level is around $0.38, so breaking through this price could result in larger gains. Whales are preparing for such an eventuality, with data showing massive transfers of XRP from some of the market’s largest traders and with the coin’s 24-hour trading volume now topping $900 million. With Ripple expecting an end to its case with the SEC later in the year, XRP could be in for a very significant rally in the not-too-distant future. The XRP community is expecting an upturn, given the progress in the long-running Ripple-SEC legal case, which has seen Ripple secure a range of favorable decisions in the past few months. In short and medium-term, XRP will likely continue its steady ascent since the start of the year, with investors expecting it to return to $0.40. Alternative cryptocurrency investment options may be worth considering for traders seeking substantial short- and medium-term returns.
