XRP Climbs Above Support as Bulls Try to Reclaim Crucial Zone
- XRP flipped the $0.60 support as bullish momentum thrived for the token.
- If the KST crosses over into the positive region, an uptrend could be confirmed.
- Should the price climb past $0.61, it could be difficult to rise above $0.70 due to low volatility.
Ripple (XRP) is showing strong signs of a bullish outlook based on the 4-hour chart. In recent times, XRP has been hovering around $0.58 and $0.62. This sideways movement has left market players wondering if the token is ready for a run-up or if it would trend downward.
XRP’s potential for a price increase can be detected from the Awesome Oscillator (AO) stance. At press time, the AO was 0.0047. Positive values of the AO suggest increasing upward momentum.
However, that was not the only observation. As of November 28, the AO was -0.0147. With increasing buyer presence, the indicator formed a bullish twin peak as it moved into positive territory.
XRP Exits the Overbought State
If buying pressure continues to dominate as it has done since support formed at $0.60, then XRP may flip $0.62 and possibly head in the $0.70 direction. Coin Edition als…
The post XRP Climbs Above Support as Bulls Try to Reclaim Crucial Zone appeared first on Coin Edition.
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XRP Climbs Above Support as Bulls Try to Reclaim Crucial Zone
- XRP flipped the $0.60 support as bullish momentum thrived for the token.
- If the KST crosses over into the positive region, an uptrend could be confirmed.
- Should the price climb past $0.61, it could be difficult to rise above $0.70 due to low volatility.
Ripple (XRP) is showing strong signs of a bullish outlook based on the 4-hour chart. In recent times, XRP has been hovering around $0.58 and $0.62. This sideways movement has left market players wondering if the token is ready for a run-up or if it would trend downward.
XRP’s potential for a price increase can be detected from the Awesome Oscillator (AO) stance. At press time, the AO was 0.0047. Positive values of the AO suggest increasing upward momentum.
However, that was not the only observation. As of November 28, the AO was -0.0147. With increasing buyer presence, the indicator formed a bullish twin peak as it moved into positive territory.
XRP Exits the Overbought State
If buying pressure continues to dominate as it has done since support formed at $0.60, then XRP may flip $0.62 and possibly head in the $0.70 direction. Coin Edition als…
The post XRP Climbs Above Support as Bulls Try to Reclaim Crucial Zone appeared first on Coin Edition.
Read More