XRP chart triggers sell-off warning after price explodes by 54% in one week
Cointelegraph
Published Aug 14, 2021 09:45AM ET
Updated Aug 15, 2021 11:40AM ET
XRP price almost surged to its three-month high following a strong uptrend continuation on Aug. 14. Nevertheless, its wild weekly run-up triggered overvaluation risks, thus raising possibilities of an imminent price pullback.
In detail, the XRP/USD exchange popped 11.78% higher to reach $1.20 for the first time since May 22. The pair's gains appeared as a part of a prevailing bullish trend that started July 20 when it was trading for as low as $0.154 — a 134% upside retracement on the whole.
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Written By: Cointelegraph
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