Ripple digital currency (XRP) will soon see the pattern of “Mini Golden Cross or the Small Golden Cross”; A pattern that is commonly known as an ascending sign in technical analysis.
This condition occurs when the 2 -day moving average exceeds the 4 -day moving average. Currently, the price of the XRP is at $ 1.5 and the top of both key averages.
The price of Ripple has fluctuated in recent weeks between $ 1.5 and $ 2.9, and a decline in trading volume indicates that the market is on the verge of a sharp fluctuation.
If this technical pattern is completed, the price of the XRP may rise to $ 1.2 or even $ 4.9. Of course, there is a heavy resistance in the range of $ 1.5 to $ 1.5, which has so far prevented growth.
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Although the relative power index (RSI) still does not provide a sign of a strong movement, the emergence of the Golden Cross’s Mini -Golden pattern can draw the attention of traders to this Ramsar and become a spark to start a new uptrend.
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