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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
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