Ripple's XRP surges above $0.42 on Coinbase's trading roll-out, the highest since December 2018

Yohay Elam FXStreet

XRP/USD is trading above $0.41 at the time of writing, some 27% up on the day. Coinbase, one of the largest cryptocurrency exchanges in the world, rolled out trading in Ripple's digital coin to New York-based clients.

XRP was the laggard in the recent rally in cryptos which saw Bitcoin overtower its peers with fast advances above $6,000, $7,000, and finally above $8,000. Ethereum was also moving nicely higher, with ETH/USD eventually topping $200.

And now, it seems Ripple's turn has come, with Coinbase's inclusion serving as the main driver.

XRP/USD is trading at the highest levels since around Christmas of 2018. The peak back then was $0.46, which serves as the next target. However, the Relative Strength Index on the daily chart shows that the coin is overbought, as the RSI has surpassed the 70 levels.

More Levels to watch Coinbase's XRP rollout, BTC's bull-run – Confluence Detector

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

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