Ripple (XRP) Golden Cross Signals Further Near Term Upside
Chart for XRP/USD (4H)
Ripple (XRP) rallied aggressively soon after the golden cross seen on the XRP/USD 4H chart. The price is currently trading above the 50 EMA on the 4H chart and is not likely to drop below it. Bollinger Bands %B indicator on the XRP/USD chart also shows that Ripple (XRP) is just preparing for a massive rally. We have seen over the past few weeks that Ripple (XRP) is also beginning to gain in dominance against Bitcoin (BTC). Ripple (XRP) is known for its quick but aggressive rallies. What does this mean? It means that Ripple (XRP) makes its entire gains for the cycle in an extremely short timeframe. This is why so many Ripple (XRP) investors are strong believers in the idea of hodling.
Most XRP believers have been buying Ripple (XRP) since before the correction and are still holding their coins at more than 70% losses but have no intention of cutting their losses. In fact, they believe that the price is going to appreciate manifold by the end of the year. In…
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