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XRP traders go on a profit-taking spree as momentum loses heat

From msn.com

XRP is trading at $3.20, has seen a 5.32% gain on the week, and has been mostly flat over the last 24 hours. However, the market cap of XRP has seen a 40.89% uptick in 24-hour trading volume showing increased market activity. The recent price action shows a distinct V-shaped recovery starting on August 8, breaking the previous long-term resistance to the upside clearly defined in our example, touching $3.30 before retreating slightly to a more steady price action, as per crypto analyst Tom Tucker. A significant driver of XRP's recent V-shaped recovery and breakout above critical resistance was the announcement that ... (full story)

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  • Category: Technical Analysis