forex-academy

Ripple moving moderately bullish but Overbought

KRAKEN:XRPUSD   XRP
Ripple is moving mostly sideways, but the current impulse of the Bitcoin made it move to the upside as well. The MACD is in a bullish phase and the price moving above the +1 Bollinger line. But the price is encountering resistance at these levels and the Stochastic show overbought. IN view of these conditions it wouldn't cause any surprise if the price retraced a bit before attempting another upward move.
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