XRPBTC looks poised for upward movement

After a prolonged sideways movement during Bitcoin's short term rally, XRPBTC has bounced off a very important horizontal support region around 8284sats.

XRP was showing weakness in the past weeks and many were expecting a break below the support line, but a bounce(off the yellow support) and a break of the downward trend line gives XRPBTC a positive outlook in the near term. As long as Bitcoin goes sideways or upwards, bullish momentum for XRP in the short term is likely to be expected.