Hey, guys.
I like the way the price structure looks. The instrument is still in a sideways consolidation.
Technically, the price is above its EMA at the resistance of the upper boundary of the range and the downtrend.
If we look at the spread of XRP to the broad altcoin market, we can see that the instrument has an uptrend, and is stronger than the broad market #TOTAL3. The highlighted parts of the chart show that the 50 EMA has now broken through the 200 EMA (Golden Cross), which previously led to an increase in price.
Locally, an inverted H&S pattern has been formed, potentially working out of which can give 40%, for the realization of which the price needs to consolidate above 0.65.
Given that Ripple may resolve the legal battle with the SEC in the near future, medium-term targets that can be expected are $0.8-0.9. $XRP @Ripple Network
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