RIPPLE (XRP) Emerges from Still Water

[joelkruger]

A CLOSER LOOK AT THIS RUN OF OUTPERFORMANCE

XRPUSD found good demand on Monday, with the older, more institutional friendly cryptocurrency rocketing higher on the hourly chart, sending technical readings into highly overbought territory intraday. The market has since consolidated to allow those studies to unwind and as per our analysis on Monday, has continued higher, trying to build the run into something more than just the short term.

The break higher shows the market starting to push up after going through an extended period of tight consolidation and low volatility. We could now quickly see the price accelerate back towards a critical high from September, which comes in around $0.79.

ABOUT - RIPPLE is one of the oldest cryptocurrencies, well known by the banks for its real-time settlement capabilities.

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