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XRP heads beyond $0.27 as investors pray for a bull-run that’ll bring up the price to 50 cents


According to the candlestick chart connected to the XRP/USD pair on tradingview [based on data obtained from the Bitfinex Exchange], buyers are currently in control and may bring XRP into overbought territory by next week. The daily RSI [for 14 periods] is at 60.02 and is steadily growing. In the aftermath of 28th September, the peaks tied to the Awesome Oscillator have all possessed the green shade, signifying the presence of bullish action.

Key resistance may be felt at $0.32732, while support lies close to the $0.2403 mark. Post-4th October, the MACD line began heading north of the signal line, thereby causing the histogram to go green. The Ichimoku Cloud seems to be in the process of changing color; the dawn of the emerald shade was noted midway through October. All of these developments have led me to believe that XRP may reach $0.3 by the end of this week.

Brad Garlinghouse is the CEO of Ripple. Not too long ago, he was interviewed by Anthony Pompliano of Morgan Creek Digital. By tomorrow, folks from around the globe will be able to tune-in to witness this interesting conversation between the two.

XRP is ranked at #3 underneath both Bitcoin and Ethereum in the market. The trading volume recorded stands at roughly $1.967 billion, while the supply has 43,166,787,298 XRP coins in play as of this instant. The total market cap of XRP amounts to $12.124 billion. The price soared at a rate of 6.03% in the course of the past 24-hours; this brought XRP all the way up to $0.280882 where it presently rests.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.