Ripple has just formed a double bottom at the support level. This means, the crypto has the potential to move up with the bullish trend and formation of higher highs and higher lows. That being said, we will continue to rise in lieu with the bullish momentum. 

The descending trendline has broken out for buys. Once the market has potentially broken out and validated, we will continue to move up.

There is no retracement as the market has formed double bottom and there is no retracement leg.

EMA 50 is ranging but bearish right now. Once the market breaks past the EMA 50, it will continue moving up with the line of bullish sentiment.

RSI is at 49. It needs to dwell towards the over sold region to form a bullish divergence and then continue moving up.

XRP longs from 0.4920

Feb 04 2024