Through the short -term moving average of XRP only EMA for 50 days, which can be an important indication of the short -term volatility. Such an intersection has effects on the course of the original in the short term, although it is not equal to EMA for 50 days Cross.
This specified intersection usually indicates a change in momentum rather than a completely deciphering direction, as in the past. EMA 26/50 is to highlight the monotheism or brief corrections before a possible recovery, unlike the traditional death cross, which usually indicates the beginning of the long decline.
When the original sees a significant increase in prices, the conditions for the peak of purchase arise and corrections require before resuming the trend. Regarding XRP, the price procedure remains close to important moving averages that work as support and resistance at about $ 2.10. The cross itself does not always stipulate a long drop stage, although it indicates a slowdown in the bullish momentum.
Related
Instead, the original may go through a period of side trading before its next big step. Since EMA for 50 days is still working as a dynamic support level, XRP may be able to rise above the resistance area of $ 2.35 if it bounces from this area. The price may make another upward attempt in the event of returning upward feelings and remains above this level. The decrease in trading volume after the last prices decrease indicates less pressure.
Moreover, slow recovery may be supported by the RSI index (RSI), which is currently 42 years old, which is a neutral level to offford. XRP may lead to another rally towards a range of $ 2.60-2.70 if EMA regains 50 days. However, if 2.09 dollars are not held, there may be more uniformity about $ 2.00 before seeing a more distinctive direction. Although it indicates the momentum of cooling, the last EMA 26/50 cross does not prove the existence of a clear and clear direction.
XRP unification may be the next in the list of the majority of investors. The most specific indicators may come sooner, but at the present time, XRP may enter the “crab market”, as the price moves sideways for some time until the majority of investors finally decide the way the original must go.
