XRP chart triggers sell-off warning after price explodes by 54% in one week
XRP price has bounced back from its July lows but some indicators are starting to suggest that the rally is due for a pullback. XRP price almost surged to its three-month high following a strong uptrend continuation on Aug. 14. Nevertheless, its wild weekly run-up triggered overvaluation risks, thus raising possibilities of an imminent price pullback.In detail, the XRP/USD exchange popped 11.78% higher to reach $1.20 for the first time since May 22. The pair's gains appeared as a part of a prevailing bullish trend that started July 20 when it was trading for as low as $0.154—a 134% upside....
Related News
An overnight sell-off in the Bitcoin market Monday brought its prices down from an intraday high of $34,888 to as low as $31,435.
Accessing the Bitstamp website through a mobile browser does not seem to be triggering any warnings for now. Google Chrome usually warns users if they are visiting a site which can potentially harm their computer. However, that doesn't seem to be the case just yet. Several Reddit users are complaining about a malware warning when visiting the Bitstamp website. Bitstamp is one of the biggest Bitcoin exchanges in all of Europe. By the look of things, there is a specific Trojan warning detected by Windows Defender. For now, it is anybody’s guess where this warning comes from, and whether or....
XRP continues to lag behind the rest of the market after a short-lived glimmer of hope brought prices to current levels in late July. And while crypto analysts expect the fourth-ranked cryptocurrency to outperform Bitcoin and Ethereum eventually, a sell setup has triggered on daily timeframes that could send Ripple ripping lower. TD 9 Sell […]
In just 48 hours, Ethereum rocketed over 50% from $770 to roughly $1140 at last night’s overnight high. The massive Sunday candle was the lead up to a sell signal forming on daily timeframes. Was this latest push higher the last impulse in Ethereum’s bull trend? Or like Bitcoin, will this sell signal fail, and […]
BitTorrent turned alarmingly overvalued on Monday as its price popped higher by as much as 164 percent quarter-to-date. The BTT/USD exchange rate surged to $0.013, its highest level on record, after rallying seven days in a row. Every sell-off attempt met with an equally aggressive accumulation, prompting more and more traders to buy the Justin […]