Can XRP hold the ongoing growth?
XRP is the main gainer from our list. The altcoin has rocketed by more than 5% over the last day, getting out the consolidation phase.
On the 4H time frame, XRP has left the accumulation phase started from the end of June. In addition, the current growth is supported by the increasing trading volume which is a good signal for bulls. However, buyers need more power to continue the rising trend. In this case, one may expect a correction after reaching the $0.19 mark. What is more, the RSI indicator is already located in the overbought area.
On the 4H time frame, XRP has left the accumulation phase started from the end of June. In addition, the current growth is supported by the increasing trading volume which is a good signal for bulls. However, buyers need more power to continue the rising trend. In this case, one may expect a correction after reaching the $0.19 mark. What is more, the RSI indicator is already located in the overbought area.
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