Ripple's XRP surges above $0.42 on Coinbase's trading roll-out
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.
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.