Ripple aims to bring about an immediate dismissal of the lawsuit leveled at them; XRP heads towards support

XRP is ranked at #3 in the market, beneath Ethereum and Bitcoin. The trading volume recorded stands at roughly $1.469 billion, whereas the supply has 43,055,012,634 XRP coins in play. As of this instant, the total market cap of XRP is $12.634 billion. XRP is priced at $0.293456 after the value plunged at a rate of 0.86% in the course of the past 24-hours.

@XRPBitcoin on Twitter claims that the digital asset would soar past the $1 dollar mark as this month draws to a close. This tweet has garnered over 750 likes, but a favorable outcome is desperately needed for his words to hold weight.

According to the candlestick chart connected to the XRP/USD pair on tradingview [based on data from Bitfinex], bears are trying their best to drive the price down. In the wake of the bull-run that occurred a few days ago, investors had turned optimistic as the “sleeping giant” seems to have proved its worth.

XRP was overbought for just a single day, as the daily RSI dropped to 60.23. Meanwhile, the MACD line has managed to stay north of the signal line, thereby letting the histogram stay in the green zone. The Awesome Oscillator peaks have jumped up over the zero line, and the lines haven’t turned brown yet.

However, we should also take a look at the consecutive crimson candles formed after the 18th. If XRP can break through $0.3274 anytime soon, a rush to $0.40 won’t be an unlikely result.

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