FX.co ★ Ripple: bullish bias intact

Ripple rallied in the short term and now is located at 0.5997 at the time of writing. The altcoin increased by 13.03% from yesterday's low of 0.5495 to 0.6212 today's high. XRP/USD edged higher even if BTC/USD continues to move sideways.

XRP/USD is up by 3.92% in the last 24 hours and by 7.57% in the last 7 days. You knew from my previous analyses that the bullish pressure is strong despite temporary retreats.

XRP/USD Minor Retreat!

As you can see on the H1 chart, the rate extended its growth after taking out 0.5578 and after stabilizing above the median line (ml).

Now, it has found resistance right above the upper median line (uml) of the ascending pitchfork. The false breakout announced temporary retreats.

XRP/USD Forecast!

A bullish closure above the upper median line (uml) and beyond the R2 (0.6200) activates further growth.