Ethereum dethrone ripple pair from 2nd position when it comes to market cap but that doesn't mean ripple has no upside potential.
Lets look at the 4-Hour chart time frame of the pair:
Bullish Case:
Ripple pair has broken the 1+ month long downtrend-line(Black)
and surged 18+% in USD recently.$0.307+ has provided strong support for the pair and price jumped 15+% from it.
It has tested the resistance around $0.351-$0.356 and a healthy pullback to $0.318-$0.32 is possible for potential resistance turned support flip.
Also, the pair has surpassed 200H-SMA(Simple Moving Average) and penetrated through ichimoku cloud which might act as preliminary support if any pullbacks occur.
Bearish Case:
Early signs of bears will be when the $0.32 support level doesn't hold and will lead to a drop to $0.30 level.Also, if the last line of defence doesn't hold around $0.302 then it would be strongly bearish for the pair.
Lets look at the 4-Hour chart time frame of the pair:
Bullish Case:
Ripple pair has broken the 1+ month long downtrend-line(Black)
and surged 18+% in USD recently.$0.307+ has provided strong support for the pair and price jumped 15+% from it.
It has tested the resistance around $0.351-$0.356 and a healthy pullback to $0.318-$0.32 is possible for potential resistance turned support flip.
Also, the pair has surpassed 200H-SMA(Simple Moving Average) and penetrated through ichimoku cloud which might act as preliminary support if any pullbacks occur.
Bearish Case:
Early signs of bears will be when the $0.32 support level doesn't hold and will lead to a drop to $0.30 level.Also, if the last line of defence doesn't hold around $0.302 then it would be strongly bearish for the pair.