FX.co ★ Ripple in triangle pattern, 0.4015 as resistance

Ripple continues to move sideways in the short term. It was trading at 0.3905 at the time of writing below 0.3985 today's high. It has increased by 7.49% from yesterday's low of 0.3707 to today's high.

In the last 24 hours, XRP/USD is up by 3.48% and by 0.75% in the last 7 days. BTC/USD's upside continuation could force the altcoin to jump higher as well.

XRP/USD Accumulates More Bullish Energy!

Technically, the price action developed a triangle pattern. Escaping from this formation could bring new opportunities.

After taking out the descending pitchfork's upper median line (uml), the price signaled a new leg higher. Still, we need confirmation before going long again.

XRP/USD Forecast!

A valid breakout above the downtrend line and above 0.4015 indicates further growth and brings long setups.