RIPPLE – ALTCOIN CHART ANALYSIS

Ripple (XRP) has now stabilized above the psychologically important mark of around USD 0.35 and is still in an intact uptrend.

We are currently trading at around $0.356. The RSI has entered overbought territory and the trading volume is slowly but surely decreasing.

We still have room to climb up to around USD 0.37. There we still have a wick to fill, which was formed with a lot of volume.

On the daily chart we have now broken the daily EMA ribbons to the top. We reached a retest yesterday.

However, this does not immediately mean that we will continue to climb. We need to hold this level for several days and sustainably break the $0.37 area.

Furthermore, we see flattening volume on the daily chart as well. This does not indicate strength in the market and could spell the next correction in the coming days.

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