XRP Price Rally Awaits the Proper Party Event In NYC.
With four consecutive four-hour bearish candles, XRP price barely holds above $0.5. This level is critical for the resumption of the uptrend and, therefore, must be defended at all costs. advertisement Signs of vulnerability below this level could further destabilize XRP to the extent of calling on sellers to trigger new short positions. Losses below $0.5 would become apparent if the weak buy signal from the Moving Average Convergence Divergence (MACD) indicator flips bearish. A bearish cross manifests with the blue MACD line flipping below the red signal line. The first pit stop and profit booking target for XRP shorts is the short-term support at $0.488. It would be too premature to rule out further losses, first to $0.44 and if overhead pressure persists, XRP may retest the next price point at $0.4. Recommended Articles Crypto Presale Projects...