AnalysisCryptocurrency newsRipple

Popular Altcoin Rises 60 Percent But Far Behind Its ATH

Popular Altcoin Rises 60 Percent But Far Behind Its ATH

XRP today experienced an extraordinary price boom of 32.5% that allowed the cryptocurrency to hit 17-month highs not seen since June 2019. XRP is up almost 60% for the week, but is still 90% lower than its ATH.

XRP Hits Highest Level in Last 17 Months

Key Support Levels: $ 0.4, $ 0.388, $ 0.378.

Key Resistance Levels: $ 0.42, $ 0.44, $ 0.457.

Today XRP is up 32.5% with a strong increase. The cryptocurrency started the day at $ 0.33 and climbed to $ 0.41 as the cryptocurrency began to climb higher to rise to $ 0.44.

The cryptocurrency was showing signs of its readiness to launch a bull run throughout the month. However, no one predicted that such a price boom would come.When the coin started to rise at the beginning of the month, it was broken through a symmetrical triangle pattern. XRP continued to reach $ 0.3 until mid-week, and stopped here for a few days until it broke the resistance yesterday and reached $ 0.33.

Ripple Price Charts

XRP Price Analysis

Looking ahead, if buyers can continue this epic bullish move, the first two resistance levels are at $ 0.42 and $ 0.44. Above this, resistance lies at $ 0.457, $ 0.48, $ 0.486 and $ 0.5.On the other hand, if sellers pull the price lower, the initial support level is $ 0.4. Below that, support is located at $ 0.388, $ 0.378, $ 0.36 and $ 0.35.As expected, both the RSI and the Stochastic RSI were extremely overbought with such a strong move in one day.

Samuel Hegi

Samuel Hegi , who first became acquainted with blockchain technology in 2014, is highly critical of blockchain technology. Samuel Hegi, a journalism graduate from the University of Brighton he is the editor-in-chief of the news portal. Blockchain is love.

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