Ripple - correction as an impulse for a further growth

Against the sideways trend on the market, Ripple is not giving up the acquired positions so fast. On the hourly chart quotes pushed off the resistance level. As the main trading idea, traders can expect a test of the lower boundary of the channel and continued growth. An additional signal will be the next bounce from the uptrend line on the RSI indicator. The confirmation will be the breakdown of the upper border of the side corridor and the closure above $0.46.

The cancellation of the growth will be the breakdown of the lower boundary of the corridor with the closing of positions under the level of $0.38. In this case, a sharp drop is expected with a target below $0.27.