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#HotColumn#XRP price to maintain bullish momentum, analyst predicts.crypto.
So far this month, XRP has risen by over 37%. Analysts are now predicting further increases for the asset in the near term, buoyed by positive developments, including its legal victory against the U.S. Securities and Exchange Commission (SEC).
XRP price analysis
Analysts are observing a positive trajectory for XRP, aligning with the broader crypto market trends. The token is aiming to breach the $1 mark in its pursuit of a new all-time high.
According to ProSignalsFx, a crypto analyst on TradingView, XRP is currently trading in an uptrend along a rising support line, setting the stage for a potential further upward move. This anticipation rests on the token’s ability to retest the support line, crucial for sustaining the bullish trend.
Ripple’s XRP Ledger is on the brink of a significant upgrade, backed by an overwhelming 80% consensus among validators. This update aims to address obscured order books and enhance the overall functionality of XRPL. Users with the older Ripple software #HotColumn# Week Ahead: Bitcoin ETF approval this week, yay or nay?
Bitcoin and Ethereum price rallies have paused over the weekend, allowing investors to take a step back and look at the big picture. So, let’s take a look at the big picture.
Week in review
Monday, November 13
US CPI inflation preview
Tuesday, November 14
US CPI Inflation
CYBER $8.73 million unlock
MATIC announcement
Wednesday, November 15
FLOKI announcement
XEC network upgrade
AMB tokenomics upgrade
Thursday, November 16
ARB day
TOKEN announcement
Friday, November 17
BTC spot ETF approval window ends
APE $23.71 million unlock
ROSE $14.81 million unlock
Saturday, November 18
YGG web3 games conference (up to November 25)
Sunday, November 19
CKB halving
SWIFT ISO20022
Altcoin of the week: Filecoin
Filecoin (FIL) price tugs with the critical resistance levels, extending from $4.80 to $5.34.
The Relative Strength Index (RSI) has overcome the 50 mean level, while the Awesome Oscillator (AO) is close to flipping above the zero level, indicating that bullish momentum is dominating.
A successful maintenance of the bullish momentum could lead to a 33% rally to $7.07.
In a highly bullish case, FIL price could increase 145% and tag the declining trend line at roughly $13.09.