FX.co ★ XRP/USD could soon provide a strong bullish signal

XRP/USD is respecting so far short-term support and is now challenging important short-term resistance. Breaking above $0.46 will be a bullish sign that could push price much higher towards $0.52 area.

Upward sloping green line - support

Ripple is so far respecting the upward sloping support trend line. As long as price is above $0.44 the chances of breaking above $0.46 are high and our target is $0.52. Short-term we are bullish as price is forming higher highs and higher lows and a break out is imminent. Short-term stop for bullish positions is at the trend line support at $0.44.