Is Selling $XRP Early a Mistake?

- XRP price experienced a sharp 23.7% drop amid geopolitical tensions and the SEC’s ongoing appeal against Ripple’s $125 million fine

- The $0.5 could replenish the exhausted bullish momentum in XRP for the next leap

- A potential bearish crossover between 20-and-500-day EMA could drive prolonged action

Ripple Eyes 14% Surge as Price Holds Above Crucial $0.5 Support

With an intraday gain of 2%, the XRP price attempts to sustain psychological support above $0.5. The level stands as a crucial accumulation for buyers, as the prior retest drove a 33% surge in September.

Therefore, the XRP price reversal from $0.5 could signal the acceleration of the bullish momentum and lead to a 14% surge to challenge the long-coming resistance of the triangle pattern. The potential rally will reclaim the daily Exponential Moving Average (20, 50, 100, 200), bolstering buyers with suitable support.

On the contrary, if XRP breaks below $0.5 support, the selling pressure would intensify and plunge the asset to $0.45 or $0.4

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