Following the massive dump in the past week, Ripple price regains its stance on a long trend. Moreover, bulls must tower the bears in this current market momentum.
Last week wasn’t a good trading week for Ripple buyers, as the XRP token recorded a massive 42% loss. As a result, the week closed below $0.4255. Notably, the entire week had the token’s price steadily following a huge bearish trend, declining to $0.4018 before climbing back to $0.4123 and terminating there for the week.
Notably, most indicators have been engrossed in the oversold zone, implying the possibility of a temporary uptrend.
Ripple Price plunges with no signs of getting up | Source: TradingView.com
However, the token’s price must create a higher low and higher high to validate this momentum reversal. This also means that the bulls must push XRP’s price up to $0.65 before it can create form a bullish trend.
What Are The Odds?
Due to the massive decline, one can only expect the XRP token to record a ..
Support the originator by clicking the read the rest link below.
