Despite a slight increase observed today in Bitcoins (BTC) and most of the major altcoins, the Ripple token-related XRP continued its increase on the market, while a specialized investigation reveals several bull signs.
During the pixels (10:59 UTC), the XRP has grown by almost 9% in the last few hours, with most increases seen by the end of last night in the US and in the first hours of the Asian exchange today.
Today’s additions make XRP the second most productive crypto-asset among the top 20 commercials capitalized after EOS, which has grown by almost 10% at the same time. Moreover, the present also sums up that the XRP currently manages the BTC week by week, with a 7-day run at 21%, compared to an 18% rise of bitcoin for the same period.
The XRP build initially began to gain momentum, as the value of the coin on Saturday exceeded the 200-day normal line, welcoming additional benefits both on Monday and Tuesday of this week.
The 200-day normal movement has become an equally significant obstacle to the cost of the XRP in recent times, as the bombardments have been penetrated above it, as seen in numerous events, remembering 30 April, 2 June and 9 July. to trigger a solid assembly, as sellers assume that the coin may enter the market with a positive trend.
After the increase on Monday and Tuesday the cost was further completed today, which led to its breakthrough after the maximum of Thursday after the “black” from April 30, about 0.23 US dollars.
Eventually, dealers combining their choice of specialized investigation may have also seen the alleged design of the “cup with a pen” on the chart, because at the end of the week the value increased, which further strengthened confidence.
The design of the “cup with a pen” is one of the most popular graphic designs in the old style, which is regularly noted by specialized experts as the beginning of the bull pattern.