While XRP remains predominantly bearish
, we have a few signals here that could indicate a short-term uptrend to our previous resistance (red-dotted line). We have pierced the Ichimoku cloud
and the VWAP
(pink line) has crossed over the 50 MA (blue line). If the lagging span of the Ichimoku cloud
(black line circled in yellow) pierces the Ichimoku cloud
then we would have a strong bullish
signal for a potential 20% increase in the price of XRP.