XRP chart triggers sell-off warning after price explodes by 54% in one week

COINTELEGRAPH – XRP price almost surged to its three-month high following a strong uptrend continuation on Aug. 14. Nevertheless, its wild weekly run-up triggered overvaluation risks, thus raising possibilities of an imminent price pullback.

In detail, the XRP/USD exchange popped 11.78% higher to reach $1.20 for the first time since May 22. The pair’s gains appeared as a part of a prevailing bullish trend that started July 20 when it was trading for as low as $0.154 — a 134% upside retracement on the whole.