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XRP/USD Price Analysis: Price recovery occurs on the bull ramp as the bear lies waiting


The cryptocurrency market’s sudden uptrend has put a smile on the faces of users and investors as prices have shot up after an extended bear run. The top ten cryptocurrency club including Bitcoin [BTC], XRP and Ethereum [ETH] have all shot up, elevating their market cap as well as their trading volume.

1 hour:

Source: TradingView

Source: TradingView

XRP’s price hike is clearly visible on the charts as the trend line shows an acute climb. The uptrend caused the price to move from $0.296 to $0.3216. The support has been holding at $0.292 while the resistance is at $0.322.

The Relative Strength Index shows a market spike on the chart, breaching the overbought zone and settling just below it. This is a sign of the buying pressure being more than the selling pressure.

The Awesome Oscillator too displays a significant climb as the market momentum has been swayed by the arrival of the bulls.

1 day:

Source:TradingView

Source: TradingView

The one day graph for XRP has still not taken the side of the bull as the downtrend is…



Read Full Story : AMBCrypto

2019-02-10 00:30:39

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