By Dmitriy Gurkovskiy, Chief Analyst at RoboForex The XRP is correcting after a rising streak, trading around $0.4394 on June 18. Over the last week, the midterm trend did not change much; the price is still trading sideways and wide, between the support at $0.3575, and the resistance at 0.4790. The MACD, however, converged and formed a golden cross, while the price broke out the internal descending channel resistance. A new quick uptrend was born, with the target at the current resistance of $0.4790. On H1, the XRP hit the ascending channel resistance, thus sending the short term uptrend higher.
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