Ripple (XRP) is leading the coin market rally with a 24% gain on the 7-day chart

person holding ripple coin

Ripple (XRP) and Stellar (XLM) are the only top digital assets that gained up to 20% in the past 7 days.

Ripple is the leading coin on the coin market chart on the weekly chart. The 6th most capitalized coin has gained 24% in the course of 7 days, keeping it well ahead of most of the top coins in the market.

Ripple currently has a market cap of $27.4 billion and a 24-hour trading volume of $2.1 billion. The digital currency is making gains at a time when Bitcoin has registered a 7-day loss of -0.36%. In the same period, Ethereum has made a slight gain of 0.5%, while Binance Coin (BNB) is down by 2%.

On the daily chart, Ripple is down by 4%, Bitcoin is down by 2.4%, and Ethereum is down by 0.46%. Among the top 10 coins, only Cardano (ADA) is in green, having gained 3.34% in the past 24 hours. Its 7-day gain is over 7%.

Anticipated victory at the court?

Ripple Labs, the company behind Ripple (XRP), has had running battles with the Security and Exchange Commission (SEC). The court case has had a massive impact on the value of XRP. The company has shown resilience in the face of the lawsuit. This could be responsible for the boost in investor confidence in the token.

On March 22, the company announced a partnership with GOSH Charity, a leading children’s hospital. On the same day, Ripple Lab’s president, Monica Long, delivered a keynote presentation at Block’s Paris Blockchain Week.

What the charts say

Live XRP/USD charts show that the XRP price of the asset is moving in an ascending channel on the 4H chart. This is despite the fact that it bounced off the $0.55 resistance on March 23. XRP is presently consolidating and will likely test the resistance in the next few days. With a Relative Strength Index (RSI) of 56, the asset still has a lot of room to maneuver. We are confident that we will see higher values for XRP in the coming days, as captured by a trader, Immortalsouls, who wrote:

“Goodbye 15 cent XRP prices forever! New all-time high inbound”

Author: Jofor Humani

Jofor is a crypto journalist with passion for investigative reviews.