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Ripple (XRP) All Set To Break Past 50 Day EMA As Price Finds Strong Support

Ripple (XRP) is all set to break past the 50-day1 exponential moving average as the price has now found a strong support around the $0.3236 mark. This is a very strong support that would be very hard to breach during the next downtrend which is why XRP/USD now has better prospects of breaking the symmetrical triangle it is trading into the upside. The VPVR indicator on the 1D chart for XRP/USD shows that the price will run into a strong resistance soon as it breaks out of the triangle. However, Ripple (XRP) is still quite oversold on both the daily and weekly time frames compared to most other cryptocurrencies. This is why it might have more room to rally short term as the price has already been oversold for far too long.

The cryptocurrency that used to be at the forefront of every rally has now seen a declining interest since the beginning of the year. That being said, Ripple (XRP) aficionados are still quite active on Twitter as before. The Ripple (XRP) community is still…

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2019-04-12 23:00:00

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