3 min readRIPPLE (XRP/USD):
Ripple, also known as XRP, experienced a remarkable rally toward the end of last year, achieving significant gains. The price surged past $2, reaching a high of $2.90.
Examining the higher time frame, it is evident that once the price broke above the descending trend line, it retested the level perfectly before continuing to push higher, reaching new highs. On the monthly timeframe, the RSI indicator suggests that the price may be “overbought.” I am curious to observe how the price behaves throughout the remainder of the year.
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The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.
