Ripple (XRP), XRP Ledger’s native token, extended gains by nearly 7% on Wednesday.
Ripple XRPLedger’s native token XRP rallied to $0.6333, the highest level in 99 days. XRP extends gains as the market absorbs selling pressure from the 150 million XRP sent to Ripple 1 wallet in July. XRP holders speculate the end of the SEC lawsuit against Ripple , settlement rumors across social media platforms. XRP trades around $0.6200 at the time of writing, up nearly 7% on Wednesday. Ripple , XRP Ledger’s native token, extended gains by nearly 7% on Wednesday.
63 level on Wednesday Ripple is currently in an upward trend, forming higher highs and higher lows since July 8, as seen in the XRP/USDT daily chart. XRP tested $0.63 on Wednesday, trading at $0.6200, at the time of writing. The momentum indicator, Moving Average Convergence Divergence , shows green histogram bars above the neutral line, supporting a positive underlying momentum in Ripple’s uptrend. XRP could extend gains by more than 15% and revisit its 2024 peak at $0.7440.
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