Published on October 9th, 2017 | by bitcoin0
Ripple’s XRP Hits 7 Week High – Is This a Rebound?
Ripple’s native XRP token jumped to a near seven-week high of $0.28 yesterday despite technical indicators that suggested the cryptocurrency’s recent rally might be overdone.
Even so, XRP is well short of its record high of $0.39 set in May.
As such, the present XRP rally could be a result of renewed interest among traders ahead of anticipated publicity for the company.
Price action analysis indicates the cryptocurrency is all set for a rally to possibly record highs.
XRP looks set to take out the August high of $0.2980 and test record high of $0.3988 by the year’s end.