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28 March 2024
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Altcoins

Ripple (XRP) is pointing higher

XRPUSD is showing nice and clean bullish setup formation in the 4-hour chart that can send the price higher, at least up to 0.50 resistance area for wave (C) or maybe even higher within wave (3).

XRPUSD

After an impulsive five-wave rally from the lows into first leg (A)/(1), it’s actually now in a slow A-B-C corrective pullback within wave (B)/(2) that can find the support here around 0.37 – 0.35 area and from where we should be aware of a continuation higher, especially if the price jumps back above 0.41 region. Invalidation level is at 0.30.

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