We have almost forgotten the boring days on Ripple again. How violently XRP has broken the 57 cents say. Ripple has even broken the 80 - 82 cents. If XRP can now use this zone as support, the way is open to move towards the ARTH of 1.50 dollars. The ema's are on the daily to the bulls and the momentum is starting to increase. But I also did not expect otherwise after such a rise. The rsi has had a decent spike and is currently coming back for a while to hopefully test the ema.
daily chart: https://www.tradingview.com/x/UDdhJYNH/
There has been quite a bear divergence here but that is also quite logical after such a rise. The price has also run away from the ema's quite a bit and often you see those going back to be tested. When we draw the Fibonacci tool over the upmove then the levels 0.382 and 0.5 fall on the last broken resistance. In a bull run these Fibonacci levels are often tested before a further upmove on the somewhat higher timeframes. You will see that later on at the 1h the Fibonacci can probably be set differently. The rsi has also gone through the ema and is moving towards the 50 level. No reason to panic as yet.
4h chart: https://www.tradingview.com/x/imZA1xfZ/
Notice how we can pull the Fibonacci here and then you can see that the golden pocket now has confluence with the last broken resistance at 80 - 82 cents. We can also see that the 0.382 is currently being tested. Given the rsi moving below the ema and the downtrend line I expect that the golden pocket of the 1h Fibonacci levels (left) will still be sought.
I put the vertical line back in for a bit of education that I have cited many times before. In last week's analysis I drew the trendlines on the rsi and the candles with the announcement that you should keep an eye on the fact that when the rsi goes through the trendline the candles will often follow. So exactly what happened.
1h chart: https://www.tradingview.com/x/ZtahSKPl/
Conclusion:
If Ripple can stay above 80 - 82 cents then the next resistances can be found around 1.25 - 1.35 region. If Ripple cannot find support at the 80 - 82 cents then a drop to the order block which is around the 4h golden pocket (0.65 - 0.70 cents) is the most plausible. From here Ripple can just continue to rise and the chart is still bullish.
