• The XRP price has risen by 3.5% in the past 24 hours, reaching $0.382995.
• XRP’s community has recently taken to Twitter to urge Coinbase to relist the token, indicating confidence that Ripple will secure a positive judgment for its legal battle with the SEC.
• Indicators suggest either continued rises or new falls for the XRP price, and there are rumors that Coinbase is planning to relist XRP soon.
XRP Price Gains Amidst Legal Battle
The XRP price has gained by 3.5% in the past 24 hours, rising to $0.382995 as the cryptocurrency market recovers from its weekend losses. Its current price represents a 5% fall in a week and a very slight 0.4% dip in the last 30 days, as XRP continues to be undermined by the dragging on of Ripple’s legal battle with the SEC.
Community Urges Coinbase To Relist Token
Despite this, sentiment surrounding this case remains positive, with XRP’s community recently taking to Twitter to urge Coinbase to relist the token. This indicates confidence that Ripple will succeed in securing a positive judgment, and that exchanges will be legally permitted to list XRP.
Price Prediction: Will We See A Rally?
XRP remains in a precarious position at the moment, with its indicators consistent with either continued rises or new falls. Its 30-day moving average (red) has flatlined after touching its 200-day (blue), and it looks like it could now come down along with its price. Meanwhile, XRP’s relative strength index (purple) has risen to more than 45 after sinking to 40 which could signal further increases or declines depending on how things develop next week..
Rumors of Coinbase ReListing
Today’s rise has occurred in the context of widespread campaigns on Twitter and social media encouraging Coinbase to relist XRP under #RelistXRPTag.. Under this hashtag coin supporters have argued not only would such a relisting spark an rally but also bring millions of exchange fees for coinbase potentially allowing them use these funds fight against SEC staking regulations . Some have even claimed they’ve heard rumors that Coinbase is indeed planning to relist XRP although there is no evidence in support of such speculation yet . That said ,the exchange did submit an amicus brief back in November supporting Ripple which could be indicative of their stance towards relisting .
Overall there are mixed signals when it comes predicting future prices for xrp . Given bullish sentiment amongst community traders are hopeful for potential pump following any potential listing however without any solid evidence this can only remain speculation until proven otherwise .