⭕️💥Whales Push XRP Price Higher, but There’s Worrying Sign💥⭕️
XRP, one of the leading alternative cryptocurrencies, managed to climb to the $0.59 reaching its highest price point since April.
⭕️ XRP recorded a 10% spike over the past 24 hours, vastly outperforming other major altcoins. The Ripple-affiliated token is currently changing hands at $0.5903 after reaching an intraday high of $0.5921. The cryptocurrency is valued at $32.8 billion, which makes it the eighth most valuable digital asset by market capitalization.
⭕️ Despite some impressive gains, there are some worrying signs that market participants would want to pay attention to. For instance, the XRP token recently formed bearish divergence. This means that the price managed to record higher highs while the oscillator is forming lower peaks. This could possibly mean that XRP's momentum is weakening. Bearish divergence could end up being a bad omen for the token.
⭕️The XRP cryptocurrency is currently experiencing elevated levels of FOMO following its recent price spike. However, there are also risks that are associated with excessive exuberance.
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