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Is XRP Going To Go Up
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
XRP rose 17.92% to $1.31 in 24 hours, outperforming Bitcoin’s 8.85% gain as investors responded to improving regulatory sentiment. A White House crypto meeting on August 19-20, attended by Ripple CEO Brad Garlinghouse and U.S. regulators, helped strengthen expectations for clearer crypto rules. XRP also received $13.23 million in U.S. spot ETF inflows, while whales accumulated about 300 million XRP in 96 hours. XRP now faces resistance around $1.42, while holding $1.25 could keep the recovery intact. However, an RSI near 78 suggests the rally is becoming overextended.
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