Ripple continues its rampage with renewed vigor as it keeps breaking levels it hasn’t in more than 60 days. Its latest bid to the top surged to a peak of $0.50 after opening the intraday session at $0.39.
The coin has been on this bullish run with a few breaks since the start of the week. It closed Monday with gains exceeding 8%. The next day, it slowly climbed with another such increase and gained stability above $0.41.
A little break during the previous trading session led to accumulations, hence the massive increase. A close above $0.48 will translate to a more than 22% increase at the end of the current 24-hour period.
Following the strong rejection it faced at $0.50, there may be more corrections ahead. One reason for this conclusion are the indicators. A closer look at the Relative Strength Index reveals that XRP is currently 0verbought.
Based on the rules surrounding this metric, traders may be gearing up for a massive downtrend.
Kriptolarınız en iyi güvenliği hak ediyor. bir Sadece 79$'a Ledger donanım cüzdanı!
Source: https://coinfomania.com/ripple-price-analysis-xrp-looks-to-close-above-0-48-after-rejection-at-0-50/