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20.10.202318:01 Forex Analysis & Reviews: Ripple: bullish continuation needs confirmation

XRP/USD is trading in the green at 0.5308 at the time of writing and is fighting hard to resume its growth. It has increased by 4.19% from today's low of 0.5086 to 0.5300 today's high.

In the short term, the bias is bullish. Still, an upside continuation needs confirmation. In the last 24 hours, the altcoin is up by 7.54% and by 8.59% in the last 7 days.

XRP/USD Range!

Exchange Rates 20.10.2023 analysis

From a technical point of view, XRP/USD retreated a little after its amazing rally. Now, it's trapped between 0.5308 and 0.5086 levels.

The bias is bullish as long as it stays above the median line (ml). An accumulation above it may announce a new bullish momentum.

XRP/USD Prediction!

Staying near the upper median line (uml) and near 0.5308 indicates an imminent breakout. A valid breakout through these obstacles activates further growth.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Ralph Shedler,
Analytical expert of InstaSpot
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