Ripple (XRPUSD) is now moving above EMA50 on the weekly timeframe... This is a strong bullish signal. Closing weekly above this level can open the door to massive growth.
Ripple (XRPUSD) Chart Signals by Alan Masters
The RSI is really strong at 59.18.
We are looking at the weekly timeframe where the signals are stronger.
The MACD histogram has been green for the past 14 weeks and is ready to boom.
We can also see the MACD slowly rising almost crossing above the zero line... Plenty of room available for growth.
On this chart, I've mapped multiple targets with the main ones being at 73% and finally 200%+. We are talking about $0.75 for Ripple.
If prices break below EMA50 we still remain bullish above EMA10.
We also stay bullish above $0.17. If prices break below this level, we start to consider lower prices yet still expecting a strong bounce after a long lower wick as seen in early March.
EMA100 at $0.2777 is the main target/resistance which will be challenged next.
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