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20.10.2023 06:01 PM
Ripple: bullish continuation needs confirmation
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XRP/USD is trading in the green at 0.5308 at the time of writing and is fighting hard to resume its growth. It has increased by 4.19% from today's low of 0.5086 to 0.5300 today's high.

In the short term, the bias is bullish. Still, an upside continuation needs confirmation. In the last 24 hours, the altcoin is up by 7.54% and by 8.59% in the last 7 days.

XRP/USD Range!

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From a technical point of view, XRP/USD retreated a little after its amazing rally. Now, it's trapped between 0.5308 and 0.5086 levels.

The bias is bullish as long as it stays above the median line (ml). An accumulation above it may announce a new bullish momentum.

XRP/USD Prediction!

Staying near the upper median line (uml) and near 0.5308 indicates an imminent breakout. A valid breakout through these obstacles activates further growth.

Ralph Shedler,
Analytical expert of InstaTrade
© 2007-2025
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