XRP Escalates With a Positive Bias; May End the Week on a Bullish Note
- XRP has firmly traded above $0.2400 today; still has room to surge further
- Yesterday’s mild bullish sentiment has intensified today
- Yesterday, XRP formed higher highs; today, it is continuing with higher lows
- The coin is up by more than 4% while holding positive technicals
XRP price has taken the bullish call as it seems stable today above the $0.2400 price mark. The coin has surged by 4.71% over a day although it has just formed a bearish candle showing a possibility of a correction.
Meanwhile, Bitcoin is resuming its price rally above $9100, however, today, at the time of opening it had a plunge below $9000. Coming back to XRP, it opened yesterday at $0.2348 and after forming higher highs with a mild bullish approach, it went as high as $0.2435.
It closed with a correction at $0.2405 dipped further to $0.2386, forming a low. After a few more higher lows, it has gradually reached $0.2452. The coin is well above the EMA line and Bollinger bands are opened to note a positive yet volatile spell for the coin.
Related: Check our XRP Predictions by Expert
If we look at the 5-day chart, XRP has traced an impulse pattern. Yesterday, the price of Ripple dip near $0.2315 seems like a buy position, as it has fetched a profit of more than 3.67% already. Moving averages are also painting a bullish picture and MACD lines are in the bullish zone already.