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Ripple price flashes remarkable buy signals

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BITFINEX:XRPUSD   XRP / U.S. Dollar
  • Ripple price begins recovery after diving to $0.57.
    The TD Sequential indicator presents a massive buy signal as buyers take their positions.
XRP aims at closing the day above $0.78 to set the precedence for the trajectory to $1.

Ripple slipped below May’s crucial support at $0.65 to trade a two-month low of $0.57. The selloff affected most crypto assets, starting with Bitcoin’s drop to $30,000.

When writing, the international money transfer token teeters at $0.62 amid a gradually building bullish momentum. Perhaps a daily close above $0.7 will call more buyers into the market upon Ripple regaining market stability.

How formidable are Ripple’s buy signals?

The TD Sequential indicator has recently flashed a buy signal on the 12-hour chart. This is a chart overlay tool that measures the volatility of an asset while tracking its trend. A buy signal forms in a red nine candlestick and implies that buyers get stronger as the bearish force fades.

On the other hand, a sell signal presents in a green nine candlestick , implying that selling pressure is about to balloon while bulls lose their grip. With a buy signal intact within the overall technical picture, massive gains are anticipated.

The growing uptrend is reinforced by the Relative Strength Index ( RSI ), gaining momentum after leaving the oversold region. Action toward the midline will cement the growing bullish grip.

Subsequently, traders should watch for movements in the MACD . If the MACD line crosses above the signal line, the buy signal will be validated. Holding above the short-term support at $0.6 is crucial to sustaining the uptrend, while closing the day above $0.7 may bolster Ripple significantly upward.

Ripple intraday levels

Spot rate: $0.63

Trend: Bullish

Volatility: Growing

Resistance: $0.7

Support: $0.6 and $0.57

Comments

Its the end for crypto currency.bear market has been started.sorry boy
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With BTC teetering on the edge of collapse and the insane bear pressure, any longs of anything at the moment is catching a falling knife. Phoenix Ascending indicator has also been flashing buy signals for a week now but on every count the price has continued falling.
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@WAN0097, yes. 100% agree, perfect explanation.
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