Ripple has bounced nicely from the trendline with an impressive candle. The resistance above Kijun sen (white line) is the Cloud at 2.46. Support from here is the previous low, trendline and pivot cluster around 1.50. The candle will likely attract many hopeful buyers who wants to be early on the next Ripple train going north. A smaller pullback from here will find support around 2.00 . Only a counter move and close below the current big green candle, will remove the bias for a larger bounce and reversal from here. Ultimately, a breaching of the Cloud will reestablish the bullish trend, but the projected bearish Cloud is thick which tend to give additional resistance and typically some consolidation before a breakout above it.
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