Ripple is on a three-day winning streak with 12.38% gains.
The cryptocurrency has been on an uptrend for the last three sessions, where it has managed to gain more than 12% after getting very close to its support level at $0.51178, which is the previous low from a month ago.
The Bollinger bands are wide, but they are slightly closing up, which could mean less volatility for the pair; the pair trades in between the bands, which indicates that the price is fair. The price is currently below the short-term moving averages, but it is getting very close. If the crypto continues its gains, we could see a trend reversal very soon, but it's too early to tell.
The relative strength index is recovering after entering an oversold status, and the current RSI is at 43%, which will allow the pair to continue climbing in the short term. The moving averages continue indicating a downtrend, but the gap has decreased in the last few sessions, giving hope to the Ripple investors.
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