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Trading Signals

Ripple is growing its four-day winning streak and is trading at $0.526, gaining $0.003.

15 April 2023

XRPUSD

Ripple goes up to $0.526, having dipped down to $0.519 earlier.

Although up today, early price action saw Ripple dropping below its 3 day Simple Moving Average at $0.51 — an early indicator that a new downward trend could be emerging. Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.54, thereby suggesting that XRP is becoming overvalued. Ripple could be slowing down soon as it approaches resistance at $0.542. Of course, crossing it might suggest further gains are ahead.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Ripple is set for a reversal in the coming days.

Other markets are also showing gains as FTX Token gained 9.54% and is currently trading at $1.36. NEAR Protocol is up 6.33% to $2.36. Having closed the previous session at $0.438, Cardano is up 4.12% today to currently trade at around $0.456.

Ripple has managed to gain 55.49% so far this year despite trading at lows around $0.307 previously. Ripple is currently trading with a market cap of 27.20 billion with an average daily volume of 1.63 billion.

Market Summary

Latest Crypto News

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Mixed sentiment leads Avalanche cryptocurrency to trade sideways; establishes tight $16.93 to $17.16 range

Bitcoin Cash down $3.19 reaching $113, for its 4th straight negative day

Ether cryptocurrency trades up $15.34, approximately 0.8% higher going into tomorrow

FTX cryptocurrency trades up $0.119, approximately 9.54% higher this afternoon

ETH set for weak finish today; down 1.59% to $1,875 with 4 hours before close

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