The price of Ripple (XRP) at the time of writing is 3.0990. Recent price movement since the bullish break out of the descending triangle pattern at the 2.5320 and also the all time high of 2.907, has put focus on Fibonacci upside projection targets based on the 0.4937 to 2.9070 range.
The 3.83 area corresponds to the 38.2% projection target and the 4.39 area corresponds to the 61.8% projection target. The 14 day relative strength index is now well into overbought area at 76%, however no bearish divergence is yet evident. This suggests that the bullish trend remains intact and has further upside potential.
Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you.
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