In previous week we made article about technical analysis of cryptocurensies specially for begginers. Now there is newest technical analysis of ripple.
Following the newest data in the crypto markets, Ripple has broken above the $0.34 level, for the second time over the past 24 hours of trading. The cryptocurrency has now seen an impressive 8.5% weekly price spike.
As cryptocurrency technical analyst Yaz Sheikh says, Ripple has the largest inverse correlation to Bitcoin. It means that their prices are likely depended on each other. So, the last run of bitcoin cause XRP-USD to raise. XRP-BTC hadn’t changed much.
Ripple is still ranked on the third position of the largest cryptos by market cap as it currently holds a $13.7 billion market cap.