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Ripple (XRPUSD) finally catches up with the pack

19 Oct, 2020

In the past few minutes the price of Ripple (XRPUSD) has just jumped higher. There is little doubt that since Friday the leading Alt coin had been noticeably underperforming the rest of the market and that has kept the price supressed around 0.24 over the weekend. It did try several time to rise above 0.2440 but without much success. Well, it has managed it just now as it finally catches a ride on gains currently unfolding elsewhere in the complex. The price has just now risen to above 0.2640 from an earlier low near 0.24. The move today has made a more decisive break above the 100 day moving average (currently at 0.2426) and closer to the 50 day moving average resistance, in place today at 0.2512. The price is just now hovering close to the 21 day moving average which is in place at 0.2458. The high reached so far in this run has been set at 0.2465. XRPUSD is just now trading at 0.2455

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