3 min readRIPPLE (XRP/USD):
Ripple, like many other Altcoin’s following Trump’s election to the presidency, has experienced significant upward momentum over the past week. Currently, it is trading at new yearly highs, hovering around $0.81.
A closer examination of the technicals on the weekly timeframe reveals that the price has broken out of an internal descending trend line and continues to climb toward a key resistance zone. The RSI indicator is approaching the 70% level, suggesting potential overbought conditions as the pair nears this resistance area.
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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.
