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 0.3500. 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. On the other hand, we have a breakout buy induced by the descending trendline. This will catapulate the bullish move.

The retracement level at 75% 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 bearish right now but also, its ranging in the market as the market has the price action depicted between two levels. 

RSI is at 44. It will be a strong confluence if a bullish divergence is formed at the over bought region.

Ripple bound for bullish impulse

Mar 11 2023