The and after breaking a short-term downtrendline the market jumped up. Currently the Bollinger Band midline is seeing some resistance however just below 0.5000.
A higher low is good news for bulls but in order to keep advantage they will have to produce a higher high also (over 0.8000) to confirm a bullish trend. For now, with the readings getting more neutral, one may see some further trading between roughly 0.3800 and 0.6000. So, one may see a 0.6000 test short-term.
Such sideways trading may bode well however for future appreciation of this crypto.
Interesting view on XRPUSD. We, too, have similar bullish views on this. We identified key support and resistance levels, of which, our resistance level at 0.5277 is supported by a horizontal swing high resistance, 61.8% Fibonacci extension and a 61.8% Fibonacci retracement which is not far off your resistance level at 0.5230. Also, our major support level at 0.4489 is supported by horizontal overlap support, 100% Fibonacci extension and a 61.8% Fibonacci retracement which is slightly higher than your support at 0.4000
Do let us know of what you think our idea!