FX.co ★ Ripple to exit its range soon?

Ripple moves sideways in the short term, and it seems undecided. It was trading at 0.3712 at the time of writing. XRP/USD increased by 8.77% from yesterday's low of 0.3435 to 0.3737 today's high.

For the last 24 hours, Ripple has added 5.86%, but it's in the red by 2.53% in the last 7 days. The altcoin increased a little as the BTC/USD rebounded.

XRP/USD printed a symmetrical triangle

XRP/USD is trapped between 0.3148 and 0.4015 levels. Now, it has developed a triangle pattern as well. In the short term, it could continue to move sideways. Only escaping from this pattern could bring us a clear direction.

As you already know, the bias remains bearish despite temporary rebounds. Bitcoin's breakout from the current range could force Ripple to get out of this formation.

XRP/USD outlook

A new higher high activates further growth, while a new lower low brings new short opportunities.