Technically, Ripple has been able to re-conquer around 50% of the lost land since its previous bottom last March, although price action still trading under the bears' domain.
XRP has shown today an excellent bullish momentum, alongside with MACD supporting the uptrending bias forming a crossing buy-signal.
However, it is still too early to confirm a clear bulling trend as price action must first be able to break:
1. trendline from price compression
2. 200 SMA
Fundamentally talking, last week confirmation from Japan and the about to happen use of XRP in the country's ATM system, and later the news from ODL (On-Demand-Liquidity) reaching all-times high has given to the altcoin a lot of support.
XRP has shown today an excellent bullish momentum, alongside with MACD supporting the uptrending bias forming a crossing buy-signal.
However, it is still too early to confirm a clear bulling trend as price action must first be able to break:
1. trendline from price compression
2. 200 SMA
Fundamentally talking, last week confirmation from Japan and the about to happen use of XRP in the country's ATM system, and later the news from ODL (On-Demand-Liquidity) reaching all-times high has given to the altcoin a lot of support.
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