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 is in confluence with the support level. This means that the market has the potential to continue marking up. 

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

Ripple heading upwards before SEC

Mar 26 2023