Lowe's Remark XRP Action CoinMarketCap

XRP reaches range highs, can further gains be expected

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.XRP has performed incredibly well over the past few days.

It has gained nearly 30% over the past week alone, due to the rally from $0.32 to $0.42.For a coin ranked 7th on CoinMarketCap with a market capitalization of $20.16 billion, it was a remarkable surge.

Looking forward, can the bulls keep the momentum going, or would the range-bound price action likely continue?Source: XRP/USDT on TradingViewThe 3-day timeframe showed the market structure to have taken a bullish turn.

The price has formed a range (yellow) between $0.42 and $0.31.In August, XRP climbed just above the mid-range value but couldn’t close a 3-day candle above $0.38.

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