- Ripple faces challenging barriers toward $0.5, but a technical breakout is still in the offing.
- A golden cross pattern will signify the return of the bulls in the market.
- The MACD indicator signals the possibility of consolidation taking precedence in the short-term.
Ripple’s bulls are focused on recovery despite the lethargic price action across the cryptocurrency market. A recent swing north failed to complete the leg to $0.5, hitting a barrier at $0.47. The correction that ensued tested the support at $0.44, poking the buyers on the sidelines to jump in and push for higher levels.