XRPUSD
Ripple Just jumped out of it's downtrend line but the volume is too low that it is lower than the average volume. The upside move got capped around 100 MA. If XRP is able to get a positive close above the jumped line then we can expect a fine rally for xrp. The low volume might have been caused by the BTC closing below 50 Weekly MA this week. Investors are not yet ready to get in. But usually when things like this happen btc consolidates for so long and alts tend to perform very well. But there is a merit in being cautious. Wait for a confirmed closed above 50 DMA.
Case 1 : Confirmed close above 50 DMA
Then the upside targets would be 0.9663 (April 24 high + 0.786 level of the rally from previous cycle breakout value 0.3 to current cycle high 3.3 ). Further upside move will be capped around 1.45(target 2).
Case 2 : Falls back below the downtrend line
If it falls back below the line then the downside targets would be 0.4541 April 1 Low and the if further broken below would expose 0.3
I would wait until a high volume breakout to 50 DMA.