FX.co ★ Ripple Set To Start New Rally!

Ripple has decreased a little in the short term as the other major cryptocurrencies have dropped as well. Still, this could be only a temporary decline before the rate starts increasing again.

XRP/USD has found support again and now it could give birth to a new leg higher in the short term. Technically, the price remains bullish despite the current retreat. A new higher high could bring a new opportunity.

XRP/USD Decline Seems Over!

XRP/USD dropped again after failing to stabilize above the ascending pitchfork's median line. Now it has dropped below the weekly pivot point (1.4134) where it has found support again.

Stabilizing above the weekly pivot and closing above the immediate highs could activate a new bullish momentum.

Forecast!

Jumping and closing above 1.5020 could bring a new rally at least until the ascending pitchfork's median line (ml). A valid breakout above the median line (ml) could really signal a strong upwards movement ahead towards 1.9637 higher high.

The Stop Loss could be hidden below 1.3155 yesterday's low.