XRP continued its bullish trend over the weekend – although it suffered a sharp sell-off on Monday before finding support.
The seven-day chart is still extremely bullish, with XRP up 16% compared to this time last week and 45% over the past month.
XRP had been as high as $0.54 in the early hours of Monday before a retraction to its current price of $0.5158.
Trading volume for XRP remains huge and trails only Bitcoin, Ethereum, and the three largest stablecoins (USDT, USDC, and BUSD).
While the overall crypto market was down by 0.4% to $936 billion, XRP increased by a massive 61% to $2.2 billion.
XRP Bullish in the Short-Term
As CryptoNews analyzed on Saturday, XRP remains a bullish play in the short term.
Bulls have taken over the market, and wider market sentiment is positive, given the impression that Ripple could win its two-year lawsuit against the US Securities and Exchange Commission.
October is a traditionally bullish month for the crypto market and, as noted in the article...
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