Ripple's native XRP token jumped to a near seven-week high of $0.28 yesterday despite technical indicators that suggested the cryptocurrency's recent rally might be overdone.
While a re-test of the August 31 high of $0.26 was on the cards, the rally was something of a surprise given that the broader market is under pressure. At press time, the ripple-U.S. dollar (XRP/USD) exchange rate is up 10.47 percent at $0.27. Week-on-week, the cryptocurrency is up 33.33 percent, while month-on-month, it's up 27 percent.
