XRP Price Prediction: Ripple Token Soars 5% As SEC Acknowledges Wisdom Tree XRP ETF Filing And This Crypto Wallet ICO Goes Parabolic

The XRP price surged 5% in the last 24 hours to trade at $2.69 as of 3:40 a.m. EST on trading volume that soared 10% to $5.41 billion.

The Ripple token’s price surged as the US Securities and Exchange Commission (SEC) acknowledged another XRP ETF filing on Feb. 19, this time from Wisdom Tree. The acknowledgment has triggered a three-week comment period that will allow industry experts, investors, and even the general public to provide input on how the regulator should handle the application.

The SEC will then take them into consideration when the time comes to make a decision about whether to approve, delay, or reject the application.

XRP Price Prediction

With the acknowledgment of WisdomTree’s application, the XRP price surged from $2.47 on Feb. 18 to $2.74 earlier today, only to correct slightly to the current price of $2.69. While the coin’s price has been increasing consistently in the last 24 hours, the project’s Bollinger Bands remained relatively stable, with minor widenings whenever the price managed to break a minor resistance and move further up.

While it was mostly pushing the upper band, the price’s recent correction took it down to the lower band, and at the time of writing, it sits exactly halfway between the two bands, showing signs of stability.

XRP/USDT 15-minute chart (Source: TradingView)

XRP’s Relative Strength Index (RSI), on the other hand, spent the last 24 hours fluctuating between the neutral value of 50 and the overbought zone, suggesting that traders were carefully using the positive catalyst to their advantage. They allowed the RSI to grow to the overbought zone thanks to the increased buying power, only to take profit and cause it to drop down to the value of 50.

Once in this neutral area, the buying power would increase again as traders bought the dip. The fluctuations grew smaller for a time, with the RSI value going from 70 to 60 and back again, only to then drop to 37.76 earlier today, causing the price to correct.

However, this sharp increase in sales has already been nullified as the RSI climbed back up to 50, stabilizing alongside the price. Moving forward, both the RSI and the XRP price could continue to grow, as there is enough room for a further increase. The only question is whether traders will feel optimistic enough to keep buying.

Promising Alternative To XRP

While they may be hesitant to buy XRP, investors have been doubling down on the new crypto wallet, Best Wallet (BEST) . This is a new wallet that has only been around for a few months but has grown to become one of the rising stars among Web3 wallets.

Not only that, but it also has its own native cryptocurrency in presale right now. Known as BEST token, the project has raised over $10.29 million in the last few weeks.

Experts like crypto YouTuber ClayBro, who has over 136k subscribers, believe that this could be one of the best utility tokens to buy now.

Best Wallet blew up given its range of useful features, such as support for over 60 chains and the thousands of cryptos running on them, the ability to import other wallets to the app, and the fact that it is non-custodial.

It also has all of the features needed for trading, sending, or spending crypto, as well as its own launchpad where you can invest in numerous trending ICOs, including its own BEST presale. Buying the BEST token also brings additional perks, such as lower transaction fees, higher staking rewards, and early access to new projects.

Having access to these perks will be extremely beneficial for every BEST wallet user. If you intend to use this hot new Web3 wallet, then buying BEST while it is in presale and only selling for $0.02405 is the best move to make right now.

Interested investors should buy BEST tokens before a price hike in less than 8 hours.

Visit BEST here.

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