December 02, 2021 09:53:17 PM - PST | 93 views
As we fast-forward to 2022, things are beginning to swirl around us in an attempt to make a final swing at success. But some things never change like the SEC vs Ripple Case. And yet, plans are afoot for Ripple, meaning, it’s business as usual.
XRP current pricing
The live XRP price today is $0.969644 USD with a 24-hour trading volume of $2,418,614,403 USD. We update our XRP to USD price in real-time. XRP is down 3.53% in the last 24 hours. The current CoinMarketCap ranking is #7, with a live market cap of $45,782,790,122 USD. It has a circulating supply of 47,216,103,219 XRP coins and a max. supply of 100,000,000,000 XRP coins
The XRP price has been consolidating in a sideways channel since the crypto market crash in May 2021. The price has been consolidating between $0.56 and $1.39.The trend is currently neutral; however, it might retest the 0.618 Fibonacci level around $0.89 before moving to the upside. The Stochastic RSI for the daily time frame is also at the bottom (18), thus there is a huge potential to the upside as far as there is no negative news in the crypto space.
Also, there is a flat volume. This indicates that the supply from sellers and the demand from buyers are in equilibrium.The lawsuit against ripple has been the major hindrance to the price surge during this bull market. Even though the Securities and Exchange Commission (SEC) does not consider Ethereum and Bitcoin which have similar characteristics with XRP to be securities, the SEC has continued to be harsh towardsRipple Labs, Inc.
The XRP price fell by 70% immediately after the suit was filed, and has never been able to break its previous all-time high of $3. XRP
holders have been affected as major crypto exchanges like Coinbase and Crypto.com suspended trading so they couldn’t cash out. JP Morgan’s North America Equity Research also published a report earlier this month stating that the XRP asset is poised for significant adoption.
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