Ripple is in an uptrend with the formation of higher highs and higher lows. This trend needs a corrective move towards the support side at the given price of 0.3850. This will be the price zone of the buys we will take from the support onwards.

The ascending trendline will be in confluence once the market falls towards the support level and holds the trendline with the retest level and reject it.

The retracement level at 61.8% is a little below the support level we have identified. This could lead towards the upper side from the revert back area.

EMA 50 is bullish and has another opportunity at the retest of the support level from where the market can retest and reject and continue moving up. We see 3 confluences on the support level.

RSI is at 57. This needs to neutralize at the level of 50 which will have confluence and alignment with the factors mentioned on the charts.

Ripple buys 0.3850

Feb 19 2023

Stop Loss -1.76%

Holding time 0hr

0.38442

Entry price

0.37765

Stop loss price