• The XRP price has gained by 3.5% in the past 24 hours, rising to $0.382995 as the cryptocurrency market recovers from its weekend losses.
• Despite this, sentiment surrounding Ripple’s legal battle with the SEC remains positive, with XRP’s community recently taking to Twitter to urge Coinbase to relist the token.
• Indicators of XRP remain volatile, while rumors circulate that Coinbase may be planning to relist XRP despite their delisting it late last year.
XRP Price Gains Amidst Legal Battle
The XRP price has gained by 3.5% in the past 24 hours, rising to $0.382995 as the cryptocurrency market recovers from its weekend losses. Its current price represents a 5% fall in a week and a very slight 0.4% dip in the last 30 days, as XRP continues to be undermined by the dragging on of Ripple’s legal battle with the SEC.
Positive Sentiment for Relisting
Despite this, sentiment surrounding this case remains positive, with XRP’s community recently taking to Twitter to urge Coinbase to relist the token. This indicates confidence that Ripple will succeed in securing a positive judgment, and that exchanges will be legally permitted to list XRP.
Volatile Indicators
XRP remains in a precarious position at the moment, with its indicators consistent with either continued rises or new falls. Its 30-day moving average (red) has flatlined after touching its 200-day (blue), and it looks like it could now come down along with its price. Meanwhile, XRP’s relative strength index (purple) has risen to more than 45 after sinking to 40. Having already fallen in recent days, this minor recovery could signal further increases, although it could just as easily fall again, as happened in December.
Rumors of Coinbase Relisting
Today’s rise has occurred in the context of widespread campaigns on Twitter and social media encouraging Coinbase to relist XRP under the #RelistXRP hashtag; supporters have argued that not only would such a relisting spark a rally for the token but also allow Coinbase reap millions from exchange fees if successful. Some have even claimed they’ve heard rumors that Coinbase is indeed planning to relist X