Almost all the assets were enduring a downfall. XRP, however, seemed to be moving uphill. The altcoin faced serious repercussions from the SEC lawsuit. While the asset kept falling to new lows during the peak of the crypto rally, XRP was back in action. During the time of writing, altcoin was trading for $0.55 with an 8.60% in the last 24-hours. The last seven days seemed to be highly beneficial for the altcoin as it secured gains of 24.86%, which was the highest compared to all the other coins in the crypto market.
As the Ripple vs SEC lawsuit prolongs, XRP’s chances of climbing up the crypto ladder seemed bleak. The asset’s witnessed a steep fall from the third position all the way down to the seventh. Additionally, the market cap of the altcoin was noted at $25.69 billion.
XRP One-Hour Price Chart On Binance
The bulls and the bears were both noted in the short term price chart of XRP. The Parabolic SAR indicator was seen supporting the bulls while the Awesome Oscillator was cheering on for the bears. With dotted lines below the candlesticks, a line of support was formed by the Parabolic SAR indicator. The Awesome Oscillator indicator laid out a red closing bar after a series of green bars.
Despite the presence of the bulls, the Relative Strength Index indicator was seen in the sellers’ zone.
XRP One-Day Price Chart On Binance
The one-day price chart of XRP was harboring the bulls. The Bollinger Bands indicator suggested limited volatility amidst the ongoing bullish trend. The MACD line slowly took over the signal line earlier this month, and the trend seemed to have prolonged. This was further noted as a bullish crossover.
The Money Flow Index indicator revealed that the altcoin was exhibiting a buyers’ sentiment.
The persistence of this trend could help the altcoin surge beyond its recent high of $0.6.