Ripple Price Analysis: XRP/USD pumps by >12.75% this Monday
- XRP/USD has jumped above the 20-day Bollinger Band.
- The RSI indicator has jumped from 44.68 to 63.83 as the bulls storm into the market.
XRP/USD daily chart
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XRP/USD has jumped from $0.195 to $0.22 so far this Monday after Binance Futures listed XRP on its platform. This Monday’s session broke the price above the 50-day Simple Moving Average (SMA 50) curve and the 20-day Bollinger Band. It remains to be seen if the buyers will retain the momentum and bring the price back into the $0.25-zone. The Relative Strength Index has not yet entered the overbought zone, showing that the price can go up even more before facing bearish correction. Both the Elliott Oscillator and Moving Average Convergence/Divergence (MACD) indicate increasing bullish sentiment.
Author
Rajarshi Mitra
Independent Analyst
Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.
