XRP Weekly Update

The line on the chart stands for EMA34. Notice two things about this level: 1) It was challenged 7-April but the action closed above. 2) The action "now" remains above this level but it has not been tested again, this is a bullish signal.

When it comes to the weekly timeframe, long-term, XRPUSDT continues bullish, with a bullish bias aiming higher. What we are seeing now is consolidation, accumulation, nothing changes and we can expect more growth.

Yes, the market shakes a little bit but this is the classic short-term noise. Zoom out, what do you see? You see just a few candles, red and green, but no change at all. The market is advancing to the side, after this side-advance, it will advance up; a bullish jump.

EMA34 sits at $2.01. We are strongly bullish above this level. We can expect growth in matter of weeks. Can be 1-3 weeks but it can also happen within days.

The retrace was small, consolidation has been going long enough. We are ready to start the next bullish wave.

Namaste.