Technical Analysis: XRP (XRP) Continues to Look Good

Cryptocurrency price chart for Ripple (XRP)

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.

Price chart of Ripple (XRP)

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.

More: Bitcoin (BTC) Google Searches Fall to Pre-2017 Bull Run Levels
Analysis: TRON (TRX) Has Fully Recovered From the Recent Crash

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.

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