XRP, the native cryptocurrency of Ripple's payments ecosystem, last traded around 1,8% on Friday ahead of the US jobs data release. Reserve will raise interest rates. XRP/USD last changed hands near €0.39 per token and almost reached its 200-day moving average (DMA). Meanwhile, prices were able to stay comfortably above the 21DMA at the low of €0,38.
XRP Price Prediction: Quick Jump to €0.50?
XRP price predictions have become more bullish in recent weeks as the cryptocurrency has rebounded from its lows following the FTX crash. Ripple's native token last traded nearly 24% from these lows of around €0,32. In the last few weeks, XRP has been in an uptrend and seems to have formed an ascending triangle. The top of this triangle for now is support turned resistance around €0,42.