XRP’s Performance and Prospects Amid Market Movements

Ripple‘s XRP started the new week within a zone between strong support at $0.46 and significant resistance at $0.5. The popular altcoin, which has been moving around $0.46 during the Asian trading session, has been standing almost exactly where it stopped since the weekend. XRP Price Could Soar with Bull Flag Breakout According to the current short-term technical outlook, the 100-day Exponential Moving Average (EMA) limits the upward movement at $0.4727. On the other hand, the cross-border money transfer altcoin manages to stay above the $0.46 support, while its 200-day EMA stands at $0.4574. The sixth-largest cryptocurrency by market value of $24.5 billion and trading volume of $435 million, also the fifth largest altcoin, appears to be preparing for the next big breakout thanks to a Bull Flag formation on the daily chart. The Bull Flag formation is a continuation pattern that indicates a pause in the uptrend, as it […] The post XRP’s Performance and Prospects Amid Market Movements appeared first on COINTURK NEWS.