XRP/USD is trading above $0.41 at the time of writing, some 27% up on the day. Coinbase, one of the largest cryptocurrency exchanges in the world, rolled out trading in Ripple's digital coin to New York-based clients.
XRP was the laggard in the recent rally in cryptos which saw Bitcoin overtower its peers with fast advances above $6,000, $7,000, and finally above $8,000. Ethereum was also moving nicely higher, with ETH/USD eventually topping $200.BitcoinEthereum
And now, it seems Ripple's turn has come, with Coinbase's inclusion serving as the main driver.
XRP/USD is trading at the highest levels since around Christmas of 2018. The peak back then was $0.46, which serves as the next target. However, the Relative Strength Index on the daily chart shows that the coin is overbought, as the RSI has surpassed the 70 levels.Levels to watch Coinbase's XRP rollout, BTC's bull-run – Confluence DetectorLevels to watch Coinbase's XRP rollout, BTC's bull-run – Confluence DetectorLevels to watch Coinbase's XRP rollout, BTC's bull-run – Confluence Detector