XRP needs more volume to justify its 30% bullish breakout setup.
XRP's upside move brought it closer to breaking out of itsHowever, lackluster volumes accompanying XRP's gains hinted at a potential price correction in the future. That could mean a short-term pullback toward the pennant's lower trendline near $0.51 in April or a broader correction altogether invalidating the bullish continuation setup.
The extended selloff scenario is best visible on the weekly chart below, wherein a key resistance-turned-support line has limited XRP's upside prospects.If the fractal plays out again, XRP price will risk falling toward its multi-month ascending trendline support near $0.40 by May, down about 25% from current price levels.that Ripple will win the lawsuit filed against it by the U.S. Securities and Exchange Commission .
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