Bullbit
Cryptocurrency
An XRP Key Indicator Just Flipped Bullish — and Most Traders Are Not Watching It
- What: XRP has been under selling pressure, testing critical support below $1.50.
- Why: A key indicator, the MACD, has flipped bullish, signaling a potential reversal.
- Signal: The MACD crossover indicates a shift in momentum, suggesting XRP may be due for a bounce.
- Target: Traders are eyeing a potential target of $2.00, a 33% increase from current levels.
- Risk: However, a failure to hold support at $1.20 could lead to a further decline to $0.90.