XRP lacked the momentum to break upwards from the $0.63 mark despite a bullish divergence. In fact, sellers could step in and take control of the XRP market moving forward. Similarly, ATOM and DASH could also concede to the sellers even after the former coin traded at record levels just yesterday.
XRP’s northbound movement was halted at a strong resistance line of $0.63 even after a bullish divergence formed on the RSI. This suggested that stronger conviction was needed in the market to back an upwards breakout in the coming sessions. In fact, the MACD closed in on a bearish crossover and suggested that market control might switch to the selling side in the short term.
The bearish predictions could mark the onset of a downtrend especially if the bulls fail to hold on to $0.45 support. However, buyer numbers were still significant to counter any selling pressure in the coming sessions.