RATE Group | Ripple’s XRP May Shed Gains from Latest Bull Run
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Ripple’s XRP May Shed Gains from Latest Bull Run

29 Apr Ripple’s XRP May Shed Gains from Latest Bull Run

Posted at 18:35h in Cryptocurrency News by

Optimism is back among XRP holders as this crypto managed to post significant gains recently. However, there is real evidence that suggests that the party may soon be over.

Key Takeaways

  • Over the last 24 hours, XRP surged more than 12% climbing to a high of $0.22.
  • The upswing tested resistance presented by the altcoin’s 100- and 200-day moving averages.
  • Now, the TD sequential indicator forecasts a correction before continuing onward.

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Ripple’s XRP has been able to enjoy an impressive rally in the last 24 hours, but an extremely precise technical index reveals that a retracement is underway.

XRP Poised to Pull Back

The cryptocurrency market is back in the green as speculation mounts leading up to Bitcoin’s halving event.

Over the past 24 hours alone, more than $10 billion have flooded the market. This inflow has boosted the price of many digital assets including Ripple’s XRP.

In such a short period of time, the number three altcoin went from trading at a low of $0.195…

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