Ripple (XRPUSD) continues vertical rise

The recent, most impressive gains for Ripple have delivered even more upside today. Earlier on Ripple traded to as high as 0.7825. That takes the move from this time last week to more than 150%. The price is clearly moving in a parabolic fashion now and is at risk of a correction. However, and as noted here yesterday, guessing where that correction will come into play is extremely difficult when the demand and the moves are so steep. There is clearly still huge demand to buy the leading Alt coin. So, at times like this applying technical studies is often pointless. However, it should be noted that the 14 Day Relative Strength index (RSI) is now approaching 100 and it simply cannot go above that level. Hence at some stage there will be a bout of profit taking. For several months now, Quick News has been an advocate of this coin, but the extent of the rise in recent days has still been astounding. XRPUSD is now trading at 0.7025