Analyst: XRP MACD Just Flipped Bullish, Major Pump Incoming
Main Idea
An analyst highlights a bullish signal for XRP based on the MACD indicator, suggesting potential price momentum and a significant upward movement.
Key Points
1. Analyst Steph Is Crypto noted a bullish crossover in the XRP/USDT MACD indicator, signaling potential upward momentum.
2. XRP has been holding above key support levels, aligning with a broader bullish trend.
3. The bullish MACD crossover suggests increasing buying pressure and potential for a price surge.
4. Some analysts predict XRP could reach $3.65 or even $4 if the current momentum continues.
5. The timing of this bullish signal coincides with XRP trading within a consolidation phase, which may precede a breakout.
Description
XRP’s latest daily chart is showing a development that has traders watching closely. Analyst Steph Is Crypto (@Steph_iscrypto) posted an updated view of the XRP/USDT pair on Binance, highlighting a bullish crossover in the Moving Average Convergence Divergence (MACD) indicator. The shift is marked clearly on the chart, signalling that the MACD line has crossed above the signal line while the histogram has moved from negative to positive territory. From Consolidation to Momentum The daily timefra...
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