(*4*)XRP, the native cryptocurrency that powers Ripple's blockchain-based global payment system, jumped around 4,0% from monthly lows it recorded below €0,3750 on Wednesday. The cryptocurrency last changed hands just below €0,39 per token on Thursday, up about 1,3% on the day and 1,2% over the past 24 hours, according to CoinMarketCap. However, near-term price predictions remain fairly neutral.

(*4*)For now, XRP 21 and 200-day moving averages and 61,8% Fibonacci retracement from September highs above €0,55 to early summer yearly lows below of 0. €29 act as a magnet for price action. Based on the 14-day Relative Strength Index (RSI), which was around 46,5, the price of XRP is reasonable right now, and the markets are likely to be evenly positioned. This implies plenty of room for either bullish or bearish momentum before any discussion of overbought or oversold conditions begins.

Share This