Ripple has managed to increase a little today and is struggling to resume the yesterday’s bullish candle. Price has decreased after the impressive rally. I’ve told you in the previous days that we may have a minor drop after the last bullish momentum. The rate has come back down to retest a broken dynamic resistance before will try to resume the rebound.

The next days could be crucial because the rate is still trapped below a very strong dynamic resistance level, only a valid breakout will really signal and it will confirm a further increase towards the 0.79132 previous high.

The rate has decreased after the false breakout above the median line (ml) of the black descending pitchfork. It has reached the 0.57210 static resistance, but it has failed to stay above it. You can see that it has retested the broken downtrend line and it has found a very strong support on the downside 50% Fibonacci line of the descending pitchfork.

The fact that the rate has failed to close on the broken downtrend line could signal that the bulls are strong and could send the rate above the 0.57210 and above the median line (ml) of the descending pitchfork.

Maybe you can go long on this pair if the rate will make a valid breakout above the median line (ml) and if you can afford to place a Stop Loss below the 0.43550 previous low.