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 0.6500, and then create an impulse move upwards. 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 now bullish and is going to continue to create another impulse.

There is no trendline indication on this setup.

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 67. This is the bullish region and the market needs to be neutralized at the 50 level. At this level, technical factors are aligned. 

Ripple continuation upwards

Jul 15 2023

Stop Loss -8.82%

Holding time 10d22hr

0.63990

Entry price

0.58345

Stop loss price