Ripple continues to move sideways after registering only a false breakout above 0.5 psychological level. Still, the price action shows us some bullish signals in the short term. Personally, I believe that XRP/USD needs a bullish spark to be able to develop a strong swing higher.
XRP/USD accumulates within a chart pattern but it remains to see if the price makes an upside breakout in the end because dropping and stabilizing below 0.4 signal further drop and invalidates the upside scenario.
XRP/USD Attracts More Buyers!Ripple registered a false breakout with great separation above the 0.5 psychological level signaling that it could slip lower again in the short term. Still, the bulls remain strong keeping the rate above the descending pitchfork's upper median line (UML).
Stabilizing above the UML and registering a valid breakout above 0.5 and most important above the symmetrical triangle's resistance, upside line, represents a bullish signal. The bias remains bullish as long as the rate stays above the red uptrend line.
Ripple Trading!Buy XRP/USD if it jumps and closes above 0.5 and beyond the upside line. Such a breakout signals a broader upside movement.
Selling could be advised only if crypto drops and stabilizes below 0.3404.