Ripple long, matches with an news announcement

Ripple has been doing quite well, even though bitcoin has been very volatile the last few days. It seems to be in an ascending channel right now since it has been repeating a pattern for a bit. The RSI and MACD seem to also match with a possible rise. The last two times it rose it was a bit overbought and dropped again. It might happen again this time and it isn't overbought right now so it might be a good entry now. TK cross also happened earlier which is bullish and tenkan-sen is still over the kijun-sen so it still looks good according to the ichimoku. There is also some news planned for ripple regarding some kind of a partnership with xrapid according to coinmarketcal and this might be the catalyst for a rise.

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Looking good so far!

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Beware of a possible bounce soon at 5. If it doesn't bounce and breaks through expect a bigger rise though.

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Watch out for a very likely retracement!