XRP bulls are ready to take on the bears again by stepping above the immediate resistance at $0.7. The cross-border money remittance token has since October sustained a significant uptrend, allowing traders to capitalize on scalping opportunities.
Although XRP price rose to levels last seen in July at $0.73 earlier this week, it lacked the momentum to keep the rally going toward $1. The correction below $0.7 can be attributed to profit-booking activities.
XRP Price Prediction: Bulls Make A Comeback For Gains Above $1
An ascending channel affirms the bullish grip on the price, especially with the middle boundary providing immediate support.
The Moving Average Convergence Divergence (MACD) signals that buyers have the upper hand and XRP price is poised for a run-up above $0.7 and subsequently to $1.
Traders considering fresh exposure to XRP longs can carry on assured that the uptrend will not snap, leaving them to count losses. With the blue MACD line above the red signal line, the p
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