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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