Ripple has not yet reached the resistance at $0.87277. We do see a weekly close above 0.57999 however, we also see from the long wick that the bears have done their best to keep the price down. The current week candle is an indecision candle at the moment. On the weekly chart there is relatively little change compared to last week. So we should zoom in a bit further to see the details.

The retrace which we discussed last week took place only as already mentioned the resistance level had just not been reached before the retrace started. The appointed major support of 0.50 - 0.57 has kept indd and XRP has managed to set a higher low at that level. It is now important to keep it and to print a higher high at the back.

The ema's are favourable but on the macd we see the bullish momentum decrease and a retest or bearish crossover seems to be coming up. With a cross-over we have to seriously consider a drop, the rsi and lbr have already made the cross-over. Both are still above the middle line at the bottom of the bullish part. The rsi seems to find its way up again. To continue it will have to cross the 70 line and ema bullish.

Although the upper trend line is debatable with two interfaces, I dare say that I see it as a fairly bullish triangle. The ema55 has constantly served as a support and compared to the other ema's you see it running wider and wider apart from each other. So there is still enough bullish momentum. As we go towards the apex of the triangle the volume decreases. This is a bullish sign and is characteristic for a triangle.

Just like the price we also see on the ris, lbr and macd that they have taken their rest. All three have moved nicely sideways around the middle lines. At the moment all three are crossed bearish but that may change today or tomorrow. On the macd the bearish momentum decreases and the lbr shows aleer bullish momentum.

Conclusion:
Major support is currently still around 0.50 - 0.57 but I do not expect that we will fall below 0.57 yet. We can expect resistance on LTF around the previous high at 0.78 with the on HTF resistance at 0.87 which we are most likely still going to reach in the coming week.

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