Ripple price analysis: XRP/USD goes ballistic, spiking above $0.45 from $0.4350 in a matter of minutes
- XRP pushed above critical resistance levels, triggers unclear
- Ripple company has invited Bill Clinton to speak at their conference in October.
XRP catapulted to $0.4535, gaining nearly $0.02 in just 20 minutes. Currently the coin is changing hands at $0.4478, retreating after a strong rally. There is no clear explanation, what might have casues the spike, though, most likely it's a XRP-specific one-off event caused by a large order. Bitcoin and other altcoins also recovered but not so strongly.
Meanwhile, California-based Ripple Company announced that the 42nd president of the United States Bill Clinton was going to speak at Swell conference in October.
"We're thrilled to announce @BillClinton as keynote speaker for this year’s #SwellbyRipple. For more details: http://bit.ly/Swell2018." the company wrote in the official Twitter account.
The company believes that Bill Clinton created a balance between internet-technologies and regulation as he served as the president at the time of Internet revolution.
Ripple's technical picture
From the technical point of view, as lomg as XRP/USD stays above 100-SMA (1-hour chart) at $0.4464, the momentum remains positive. The ultimate bullish goal is created by $0.4500. A sustainable move higher will trigger more extended recovery towards the next important handle at $0.4700.
XRP/USD, 1-hour chart
Author
Tanya Abrosimova
Independent Analyst
