The line on the chart indicates the 34-period exponential moving average. Note two things regarding this level: 1) It was breached on April 7, but the price closed above it. 2) The price is still "now" above this level, but it hasn't been tested again, which is a bullish signal.

In the long term, the usdt/$XRP pair continues to rise, with an upward bias. What we see now is consolidation and accumulation, nothing changes, and we can expect further growth.

It is true that the market is shaking a little, but this is the classic short-term noise. Look further away, what do you see? You see just a few candles, red and green, but without any change at all. The market is moving sideways, and after this sideways movement, it will rise; a bullish leap.

The 34-period exponential moving average is at $2.01. We are very optimistic above this level. We can expect growth within weeks. It may take one to three weeks, and it can also happen within days.

The pullback was slight, and the consolidation lasted long enough. We are ready to start the next bullish wave.