XRP Hits New 52-week High with an Impulsive Gain of +68.45% Over the Week

• XRP gains over +68.45% in the last seven days and makes new 52-week of $0.4919, currently trading at the price level of $0.4562 with an intraday gain of 5.29%
• The pair of XRP/BTC rise up over +6.55% currently trading 0.00002473 BTC

Over the monthly chart, XRP makes a new 52-week high of $0.4919, currently trading at the price level of $0.4562 with the intraday gain of 4.03%. The coin is in an uptrend trading above the support line act as the rising support and on 21st November 2020, it gave a breakout as clear the resistance of $0.3465 it gave an impulsive move. The volume traded in the last 24-hours is $16,560,078,497 and the total market capitalization $20,943,095,101. 

The daily chart of XRP over the one-hour time frame is consolidating in the range of $0.4000 to $0.4970 currently trading near the resistance level of $0.4920.on observing the movement of XRP is in an uptrend a making higher high and lower lows, however, on the higher levels it is consolidating with the intraday support of fib level 0.618($0.400) has to keep in the mind of the traders & while on the higher side it is facing the resistance at $0.4930 and $0.5000.

The Relative Strength Index (RSI) is trading at the level of 58.23, however, it is trading flat with heading towards the over brought zone.

Directional Movement Index (DMI) indicates the positive crossover in the coming trading sessions over suppressing the Bear’s line(blue) by the Bull’s line(red) as heading for the positive crossover.

Exponential Moving Averages (EMA) XRP has the exponential moving average at the level of $0.4547 act as the support on the daily chart. 

Support levels: $0.4545 and $0.4010

Resistance levels:  $0.4930 and $0.5000.