Technical Analysis: XRP (XRP) Continues to Look Good
XRP (XRP) has been one of the stronger cryptocurrency after the recent market crash at the end of September. The bulls have been able to set higher lows almost every day, creating a strong daily uptrend.
The recent high of $0.263 was obliterated by the bulls yesterday when they pushed XRP up to $0.282 with an 8% increase. The move broke above the 12 and 26-period EMAs which look ready for a bullish cross.
The RSI is not overextended yet and the bulls are facing no resistance on the daily chart until $0.327. It seems that the most likely scenario will be an Equilibrium Pattern on the weekly chart with the recent low of $0.212 and a high of $0.327.
XRP is currently up 1.5% on the day to $0.2801, giving the altcoin a $12.09 billion market cap.
Disclaimer: This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.