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 0.4660, the price at where, market is ranging. This will be the price zone of the buys we will take from the support onwards. We have missed the move earlier, but now, we are also looking at the double bottom for the buys. The market is already forming the double bottom at the support region along with the rejection of pinbars.

The flag pattern has formed on ripple for the uptrend. Once market breaks the descending trendline, it will continue moving up.

The retracement level of 61.8% is in confluence with the support level which will pace the way for the market to tap 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. Just recently, it has broken out from the EMA 50 and might continue its steep curve upwards.

RSI is at 40, this is slightly above the over sold region at the 25 level. Once it falls into the oversold region and forms a bullish divergence, with the technical factor being on support, we will attempt another buy.

Bounce from support expected

Jun 17 2023

Take Profit +14.08%

Holding time 16d22hr

0.47009

Entry price

0.53627

Take profit price