Ripple replicates Bitcoin technical move

Bitcoin is not the only leading cryptocurrency to break above its 200 day moving average this weekend. Another lesser leading coin, Ripple (XRPUSD) has made a similar move. The move higher really started to pick up steam on Saturday as the price rose above $0.75. That rise extended further on Sunday, reaching as high as 0.8409 earlier this morning. The acceleration above $0.80 was helped by a break above the 200 day moving average, in place just below, at 0.7911. The trip above that price point may have triggered a series of short stops and fresh system based buyers. It has backed away this evening, falling back to as low as 0.7820 a short while ago. However, the immediate price action is suggestive that it is not yet finished with a potential, and more decisive break above that 0.7911 level. XRPUSD is currently trading at 0.7930