Home / Ripple / Continue to rise strong against BTC, can this moment last? Of Cryptovest

Continue to rise strong against BTC, can this moment last? Of Cryptovest

Ripple (XRP) Technical analysis: continues to rise strong against BTC, can this moment last?

rose by a further 13% against BTC this morning, perhaps provided by late arrivals who joined the XRP rally after xRapid's comments released yesterday in an interview with CNBC. The 24-hour XRP trade volumes almost tripled during the initial impulse phase from $ 250 million to $ 705 million, while upward traders crowded to capitalize on the latest news.

In today's trading, however, the scrambled market has already begun to correct from this sudden frenzy, with global market capital falling back below $ 200 billion for the fourth time this month.

Is it only a temporary correction when the bulls get ready for a second run, or is this recent support just a pump and a discharge from the back of the CNBC news? Let's have a look.

The Story So Far

Immersing ourselves in the table over the 4-hour candles, we can see that XRP was …

This article first appeared on Cryptovest

Disclaimer: Fusion Media would like to remind you that the data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by stock exchanges but by market makers, so prices may not be accurate and may differ from the actual market price, which means prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any commercial losses that may occur as a result of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for losses or damages as a result of relying on information including data, quotes, charts and purchase / sale signals contained on this site. Please be fully informed about the risks and costs associated with trading financial markets, it is one of the most risky forms of investment.

Source link