Ripple (XRP) Last 7-Day Performance Overview

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Progress on xRapid, real-time settlement platform and xCurrent payment solutions have kept Ripple in the news for the past few days. The company reported that it sold $163.33 million worth of XRP in Q3, which is a 122 percent increase over the previous quarter’s sales of $73.53 million. Ripple also hired Amir Sarhangi as vice president of products, who was Google’s head of rich communications services (RCS), to lead RippleNet, a payments network.

How have these events affected its price?

Both moving averages are turning flat, and the RSI is also at the midpoint. This points to a range bound action in the next few weeks.

Though the XRP/USD pair has regularly made new lows in 2018, the bulls are currently trying to break that sequence. They have been attempting to hold the recent correction to $0.37185.

A rally above the overhead resistance at $0.76440 might confirm a bottom and the price can reach $0.96 and $1.22.

On the downside, a break below the support at $0.37185 will result in a fall to the year-to-date lows of $0.25300.


Source: COINTELEGRAPH