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Ripple Price Analysis: XRP / USD at a strong profit after an exaggerated upward move

  • Ripple skips over 18% in Tuesday's session before earnings took hold.
  • The XRP / USD sees a huge peak in volume, higher than what was seen for the bull run at the end of 2017. [19659003]

    The price of Ripple saw very discreet gains on Tuesday, after which it exceeded 18%, before profits began in the last part of the session. The rise observed in Ripple has largely outperformed several competitors

    The XRP / USD price action was moving within a descending channel model, which took shape from 6-7 September, was respected until the Tuesday session. A strong increase in volume was observed, higher than the upward trend seen at the end of 2017.

    Technically, XRP / USD up to the session highs (Tuesday), the consolidation levels observed between 3 and September 5, before the massive fall. The acquisition of profit seems to be ongoing, as the price has reached that proven area of ​​resistance, which heads into the territory from $ 0.34. Support for $ 0.3145 and $ 0.3050.

    60-minute XRP / USD chart

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