- XRP is currently facing a bull run.
- Priced at $0.3971, XRP witnessed a 3.64% surge in seven days, at the reporting time.
- Indicators show XRP as unpredictable, which could shift its nature immediately.
XRP started the week in the green zone, however, went back to the red side for some time, before making another leap. Currently, XRP is priced at $0.3971, experiencing a 3.64% surge in seven days, at the reporting time. According to CoinMarketCap, XRP has also a market cap of $20,891,106,801 facing a fall of 0.98% in 24 hours.
Based on their quarterly report, Ripple Labs sounded confident against the SEC. Ripple also mentioned that regulatory clarity is something that they are “fighting for” as other countries have created the framework for the crypto industry. Even though, the case has not been finalized yet, XRP still remains to run with the bulls.
XRP 7-day chart (Source: CoinMarketCap)
Moving on to the 4-hour chart, XRP, like most altcoins, started the new year by battling the bears, as the price was under the 200 EMA line. However, in mid-January, the 200 EMA and 50 EMA met each other during the golden cross, which indicated the start of an uptr…
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