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XRP still not taking any prisoners most days

13 May, 2021

The recent daily ranges in Ripple (XRPUSD) have been pretty sizeable most recently. Yesterday the range in percentage terms was over 20%. It was similar on Monday too and so far today it has seen almost that too. Of course there is a long way to go before this day is over and done. Earlier the price dropped back from a high at 1.4389 to a low as 1.2043 a short while ago. The most recent price action appears to see renewed buying demand ahead of 1.20. That has been the case all week so far too. However, from a longer term perspective that may not count for much, but the overall trend is still northbound. The low today just penetrated the 50 Day moving average (in place right now at 1.2069) , but that is still rising steeply and has defined the base of the price action for the past month. XRPUSD is currently trading at 1.3060

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