RATE Group | XRP/USD Technical Analysis: Bull takes charge as cryptocurrency rides the surge wave
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XRP/USD Technical Analysis: Bull takes charge as cryptocurrency rides the surge wave

20 Dec XRP/USD Technical Analysis: Bull takes charge as cryptocurrency rides the surge wave

Posted at 17:02h in Cryptocurrency News by

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The cryptocurrency market has been enjoying a bullish run that has come out of the blue. Popular cryptocurrencies like Bitcoin [BTC], XRP and Ethereum [ETH] all saw staggering gains that lifted their price supports at the same time.

1-hour

The hourly XRP chart puts the gain in perspective, with the bearish sideways movement that the cryptocurrency was suffering for a long time. The support has been holding at $0.286, while the immediate resistance has been lifted to a much higher $0.397. The uptrend took XRP from $0.302 to $0.397.

The Bollinger band shows a divergence between the upper band and the lower band. The bullish sign also goes hand in hand with the size of the Bollinger cloud, which indicates a massive trend change.

The MACD indicator shows the signal line and the MACD lines arching magnificently above the MACD histogram after the price hike. After a bullish crossover, both the lines have now started to go up again.

1-day

The daily graph indicates that the recent uptrend is…

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