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BREAKING: XRP price rallies to $0.50!



  • XRP price has tagged the $0.50 barrier,
  • The bukks have rallied 50% this week,
  • The RSI is now in extremely over bought territory

Ripple’s XRP price has rallied 30% in the last 24 hours, bringing the weekly gains to 50%. The bulls have pulled off an impressive impulsive wave breaching through a previous triangle consolidation in May. The uptrend move could be much more than just a countertrend rally.  A corrective structure following the rally will give more clues as to what may happen next.

XRP price currently auctions at $0.48 as the profit-taking consolidation occurs on smaller time frames. The bulls have successfully marked a high at $0.50 while the RSI has breached extremely overbought terrain. If market conditions persist, a rally towards support zones at $0.56 and $0.61 could occur in the coming days. 


XRP USDT 2-Hour Chsrt


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