XRP vs U.S. Dollar, Bulls Gain Momentum, Next Target Mapped

16 Apr 2020

Ripple is now looking bullish vs the U.S. Dollar.
Most of the altcoins are starting to show growing volume today, it is starting to look good.

Now, let's get to the chart.

• We have XRPUSD bouncing off the lower end of this orange channel we've drawn on the chart. At the same time prices are moving above EMA10 with a bullish RSI.
  
• We also have the bullish engulfing candlestick pattern in play.
  
  • If prices close above EMA10 today, XRPUSD is very likely to continue growing and hit the upper end of the ascending channel.
    
    Do you agree with this analysis?
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    Namaste.