Ripple seems undecided in the short term as it continues to move in a narrow range. Still, the outlook is bullish, so any decline could be only a temporary one.
Bitcoin, Ethereum, and Litecoin have increased in the short term. A further growth registered by these major cryptocurrencies could attract buyers on Ripple as well.
XRP/USD Accumulates More Bullish Energy!
As you can see on the H4 chart, XRP/USD has escaped from the triangle pattern, it has retested the broken resistance. Now is pressuring the 150% Fibonacci line which represents strong dynamic resistance.
I believe that the outlook remains bullish as long as the price stays above the pivot point (0.5329) level. A new higher high jump and close above 0.6020 right after a valid breakout above the 150% line could really signal further growth.
Ripple Forecast!
Buy XRP/USD if the price jumps and closes above 0.6020 former high and use 0.7 psychological level and 0.7574 as upside targets.
The material has been provided by InstaForex Company - www.instaforex.com