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2018-04-21_XRPUSD-UTW

Ripple (XRP) price in USD broke out from a broad falling wedge and may have completed its corrective move that started four months ago. The weekly trend appears to be stabilizing so far and due to the elevated volatility the now three-week long advance should be temporary although it may have scope to reach the $1.2 level following a first test of the $0.9 level last night. In absence of a positive divergence on the weekly MACD the bull intentions require to receive confirmation from the potential MACD crossover (circled). Should $0.9 be taken out and the proposed $1.2 target be attained then a significant retrace will ensue.

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