Bitcoin (BTC) price has optimists excited as it edges north and carries Ethereum (ETH) price along with it. Meanwhile, Ripple (XRP) is lagging, so far
) price is up almost 5% in the last day and almost 10% since September 27. It marks a good start for October, a month which some say has historically been good for trading. However, investors should exercise caution lest they are trapped in a possible
That said, the break above the August highs marked the conquest of a key hurdle in the budding recovery and could be a sign of more bullish activity to come. The AO histogram bars remain high in the positive territory, showing bulls still lead the market. As such, there could still be some hope for the Proof-of-Stake token and the current pullback may just mark a period where bulls are taking a breather. A solid move above the 200-day EMA at $1,733 would support this outlook.
In highly ambitious cases, the gains could see Ripple price escape above the $0.6098 ceiling, clearing the path for a continuation.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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