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October 16, 2021 by Sahana Kiran

The crypto market turned green and announced the presence of the bulls. Binance Coin [BNB], XRP, Polkadot [DOT], Ethereum [ETH] as well as Bitcoin [BTC] were seen leading the bull run. All these assets were swiftly bagging the gains dropped by the bull.

Bitcoin [BTC] has clearly been aiming for its all-time high of $64K. While the king coin was already at $61,630, the persistence of this trend could push the coin to a new height. Polkadot [DOT] with an increase of 8.34% was seen shinning as an integral part of the bull run.

XRP, despite enduring major losses this year, managed to buck up and move over $1. The altcoin amassed immense hate from the SEC and was shown the door by an array of crypto exchanges. Despite all of this, the citizens of the UK seemed to be invested in the altcoin. As per Finance Magnates, XRP is the most sought-after cryptocurrency in the UK. Cardano [ADA] was the second most popular currency in the region.

Furthermore, the altcoin didn’t lag behind in the ongoing bull run. XRP, during the of writing, was trading for $1.16 with a 4% surge over the last 24-hours. The asset did not note any major surges or falls throughout the week.

Standing still, as the 6th largest crypto, the asset’s market cap was at $49.1 billion.

XRP short-term price chart on Binance
XRP notes daily surge of 4% while it continues to be the most loved crypto in the UK 3
XRP’s one-hour price chart mirrored the ongoing sentiment in the crypto market. The Parabolic SAR indicator used in the chart formed a series of dots below the candlesticks. This suggested that the altcoin wouldn’t be coming across any sudden drops with regard to its price. The Awesome Oscillator indicator laid out green closing bars and alerted the presence of the bull in the market.

The Relative Strength Index [RSI] indicator was in the buyers’ zone. The RSI marker was seen heading towards the overbought zone.

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Author: Sahana Kiran