According to CryptoPotato, XRP turned bullish after buyers took control of price action. Buyers reversed the downward trend and broke through the key resistance level of $0.54, which is now being tested as support. If they can keep the price above this level, the bullish momentum may strengthen. After some hesitation, XRP bulls took the initiative today and managed to raise the price. If they hold on, the cryptocurrency may start a rally and approach $0.6 again. Later, XRP may even challenge the key resistance level of $0.68, which is still quite far away.
With the daily MACD firmly on the bullish side, the 2-day MACD also completed a bullish crossover today. This is another confirmation that momentum is turning bullish. This could be the start of a sustained recovery from the losses in April.
