At press time, #XRP was trading at $0.61, with daily gains of over 4%. On the weekly chart, the token was up by 4%.
At its current price, XRP is showing optimistic sentiment. The token is trading above the 50-day simple moving average (SMA) of $0.57 and its 200-day SMA of $0.55. Therefore, it can summed that XRP is under the control of buyers as the metric signals bullish momentum both in the short and long term.
At the same time, with a neutral 14-day Relative Strength Index (RSI) at 58.32, the asset is neither overbought nor oversold. With the bullish momentum, XRP investors should monitor the price trajectory around the $0.60 zone, as a break in either direction could be consequential.
