Apparently XRP experienced a huge increase in it's price when BTC price rocketed. XRP rocketed for about 136% of it's value in just a week.
This means bulls are back in track.
In my technical analysis we can see what we call Bullish Pennant which indicates a further upward movement if price finds a support on 0.543 zone. The next upward movement will be reaching the previous 24 Nov highs at 0.790 zone. If that level breaks, I think XRP could experience a more significant bullish move will be indicated.
Even though for the moment I believe that this will probably be a short to medium term consolidation before we return to the upside.
