XRP Consolidates at $2.3 – Could a Bigger Move Be Brewing?

A recent surge for XRP has led to the cryptocurrency hitting a high of $2.476 on May 10th, before settling back down around $2.3 today. The digital asset has seen increased strength over the past week, climbing 8.42% following a brief period below its crucial daily SMA 50 at $2.167. A bullish trend in the broader cryptocurrency market, which saw Bitcoin hit $104,000, is also driving XRP’s price up.