Enjoying XRP?
Vasl Capital
XRPUSD·
Nov 05 2023
Take Profit +7.36%
Holding time 10hr
0.58989
Entry price
0.63331
Take profit price
Ripple has started its bullish journey. It will continue its move up further after fueling itself at the support level. XRP is a very strong token we continue to trade and keep on adding to our stacks. The price of our buys is at 0.5900. Market has formed higher highs and higher lows and we continue to see another bullish impulse towards the higher high.
The ascending trendline is retesting the market at the support level and once, the price action is formed in conjunction with the bullish momentum, it will continue going up.
There is no retracement level on this.
EMA 50 is bullish now and might take the confluence at the support level.
RSI is at 61. It needs to tap above the RSI 50 after the breakout buy and the retest, to continue marking up towards the over bought region.
CONCLUSION: BULLISH