Coin

<ul>
 <li>The MACD and Aroon indicator revealed a bearish bias for XRP.</li>
 <li>XRP’s price might decline to $0.48 if bulls fail to defend the $0.52 support.&nbsp;</li>
 <li>The Supertrend on the daily timeframe suggested a sell signal for the token.</li>
</ul>
<a href="https://coinedition.com/ripple-xrp-skyrockets-adds-whopping-2-5b-in-market-cap-within-24-hours/" rel="noopener noreferrer nofollow">Ripple (XRP)</a> price fell to the $0.55 support as bulls failed to push the price higher. According to <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>, the decrease meant that XRP has lost 10.54% of its value on a Year-To-Date (YTD) basis.
From the 4-hour XRP/USD chart, a short-term bullish move to $0.60 might be invalidated. One of the reasons for this prediction could be linked to the resistance at $0.58.&nbsp;
<h2 class="wp-block-heading" id="h-xrp-usd-4-hour-analysis">XRP/USD 4-Hour Analysis</h2>
Bulls had attempted to push the price of XRP higher. But bears gained momentum, highlighting how bullish had lost control of the market. Under a strong bullish influence, XRP might return to $0.58. But this would require an increase in buying pressure which the token currently lacked.
But a highly bearish situation might send XRP downwards. If this is the case, the price might pull back to $0.52. Ability to defend the $0.52 support might trigger a rebound. However, if bulls lose hold on $0.50, the next level XRP might hit could be around $0.48…
The post <a href="https://coinedition.com/xrps-price-flashes-sell-signal-is-0-48-a-likely-target/" rel="noopener noreferrer nofollow">XRP’s Price Flashes Sell Signal: Is $0.48 a Likely Target?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

XRP’s Price Flashes Sell Signal: Is $0.48 a Likely Target?

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