XRP: How far down can it go?XRP / TetherUSBINANCE:XRPUSDTMasterAnandaStill lower, or will XRP finally move higher? The low happened at $1.11 and the close $1.21. The higher low yesterday is $1.31 after eight days of bearish action. I think the higher low being that much higher compared to $1.11 after more than a week of lower favors the positive side. It favors a rise. Why would the market not move any lower if it was set to continue lower? Why reverse so fast? And if we are looking at a bearish move is still in the making, why make a stop here? The chart is showing a lack of bearish follow-through, force, pressure and momentum. Trading volume has been dropping as prices move down. It is still early to call on a bullish rise based on the recent move but it is not early to call for higher prices based on the broader chart. The initial recovery from the 6-February low is being consolidated. A rise from $1.11 to $1.67 means +50%. That's a lot within days. And this is the move that is being consolidated and consolidation means the bullish bias remains. The retrace is already 21% strong. This is all enough. Time, size and duration; we are done. This is all to say that XRP is bullish, a rise next is favored by the chart. Short-, mid- and long-term. ›› Long-term: Bullish without a doubt, just zoom out. ›› Mid-term: We are looking at the market waves. The recent bearish wave calls for a bullish impulse or inverted correction. Both are supported by the chart mid-term. ›› Short-term: The recent crash leads to a recovery-jump 50% in size followed by a 21% retrace. We get a higher low. The chart remains bullish supporting growth. Bullish on all time horizons—XRP. Thanks a lot for your continued support. Namaste.