Based on ripple short-term price trend, Coinspeaker claims that sharp increase is the currency price is expected. The reasons are the following:
- The average price indicator (EMA) increases from 21 to 50, which indicates that the bulls are entering in the ripple market.
- The relative strength indicator (RSI) increases from 14 to 70, showing that the ripple’s overbought position is activated.
- Despite the fact that the ripple market is now controlled by bears and consequently, the price is reduced, but based on the ripple average price trend, bears position is weakened and the currency is being actively purchased.
- The upward trend of the ripple candles, as well as price trend and RSI indicator, shows that in the short-run the price of the ripple might be more than $ 0.31.
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