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XRP's massive 65% rally launched the coin above the extremely important resistance level of the 200-day moving average. Thankfully, XRP bulls were able to push the cryptocurrency above the resistance, making a potential upward reversal possible.
What's next?
The breakout above the 200-day moving average is an important step toward a full reversal for XRP as the cryptocurrency now has to gain a foothold above the aforementioned resistance level and then wait for a cross between the 50- and 200-day moving averages.
A cross would be the final signal for a reversal. Unfortunately, the two moving averages are far from each other, which...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...