XRP is still bullish with the formation of higher highs and higher lows and the trasmiting of another bullish impulse from the support level. The price we are looking to go long would be at 0.5280. Another markup would give us a healthy profit. We would be having a tight stop loss on this setup.

The descending trendline is still impending towards the bullish breakout. Once the pressure is mounted, market can continue to move up ultimately breaking out the trendline.

EMA 50 is still bearish and once the price action is taking a toll towards the bullish side, it will take the bullish side. We can also take profit at the retest.

RSI is at 36. It needs to be in the over sold region in order to form a bullish divergence in order to align with the technical factors.

Tight position on XRP

Jan 21 2024