RATE Group | Technical Indicator Signals that XRP Is on the Verge of a Massive Movement
72077
wp-singular,post-template-default,single,single-post,postid-72077,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Technical Indicator Signals that XRP Is on the Verge of a Massive Movement

15 Dec Technical Indicator Signals that XRP Is on the Verge of a Massive Movement

Posted at 02:10h in Ethereum News by

[ad_1]

The past few weeks and months have been turbulent for the aggregated crypto markets, with Bitcoin leading most major altcoins to erase virtually all the gains that were incurred throughout the first half of the year. The recent downtrend has been particularly impactful for XRP, which is currently trading just a hair above its recently established post-2017 bull run lows.

The ongoing bout of sideways trading that XRP is currently experiencing may soon come to an end, as one well-respected technical indicator is pointing to the possibility that a massive movement is imminent.

The question is, will this next major movement favor bulls or bears?

Next XRP Movement May Favor Bulls, But Macro Outlook Remains Grim

At the time of writing, XRP is trading down just under 2% at its current price of $0.217, which marks a slight decline from its daily highs of over $0.22.

While looking at XRP’s weekly price action, the cryptocurrency has seen a notable sell-off…

[ad_2]

Source link