Cryptocurrencies: 2426 / Markets: 20211 Market Cap: 24h Vol:
Cryptopolitan
2019-08-14 02:06:48

Ripple XRP price analysis: XRP price on death cross

Looking at the daily XRP chart, there are several key things that the bulls need to keep an eye on. First, we can see that a death cross is happening today, as the 50 MA (in orange) prepares to cross below the 200 MA (in purple). The death cross is a bearish indicator, that shows that the short-term average price reflected by the 50 MA, is under-performing the longer-term average price reflected by the 200 MA. Despite the negative technical ramifications of the last death cross, which took place in early April, the technical picture here isn’t all gloom and doom. In

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