July 4 (Cointime) - XRP has gained 1.5% in the past 24 hours, trading at $0.49 with a trading volume of $886 million and a market cap of approximately $26 billion. Despite analysts predicting a retracement, XRP bulls are holding strong and the price is supported by the 50-day Exponential Moving Average and a buyer congestion area at $0.48.

A sustained break and hold above $0.5 is needed to validate the uptrend and prove to bearish investors that it is not wise to bet against a $1-bound uptrend. Additionally, Citigroup may be reconsidering its partnership with a Ripple-acquired company, Metaco.