Ripple Price Analysis:Are the buyers still with XRP?

Ripple trades 0.43% lower on the session but there are some encouraging signs.
The price has bounced off the wave low support and needs to break the pattern top.

XRP/USD 4-hour chart

Ripple has fallen overall on Monday but the has been a bounce off the 55 exponential moving average. Technically the chart is still a bullish one as the trend is still firmly in an upward trajectory. The only issue is there have now been two lower high waves but the support of the 0.21 psychological wave low is holding firm at present.

Looking at the indicators, there was a clear volume spike marked by the circle. This points to a buyers market until there is a selling wave with higher volume it seems the bulls are still in charge.

A bigger bullish sign would be if the price took out the red trendline at the top of the price pattern. If this level is broken then the logical target could be the wave high at 0.2361. The relative strength indicator also has lots of room to move on the upside which is also good but right now is struggling for momentum at the 50 mid-line.

Additional levels

XRP/USD

Overview
Today last price	0.2174
Today Daily Change	-0.0019
Today Daily Change %	-0.87
Today daily open	0.2193

Trends
Daily SMA20	0.1987
Daily SMA50	0.183
Daily SMA100	0.2168
Daily SMA200	0.2278

Levels
Previous Daily High	0.2268
Previous Daily Low	0.2156
Previous Weekly High	0.2358
Previous Weekly Low	0.1917
Previous Monthly High	0.2358
Previous Monthly Low	0.1684
Daily Fibonacci 38.2%	0.2199
Daily Fibonacci 61.8%	0.2225
Daily Pivot Point S1	0.2144
Daily Pivot Point S2	0.2094
Daily Pivot Point S3	0.2031
Daily Pivot Point R1	0.2256
Daily Pivot Point R2	0.2318
Daily Pivot Point R3	0.2368

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