A move up is also supported by on 4 hour and longer time frames.
An increase in would be another strong indicator that XRP is ready to make a decent sized jump before contacting resistance. Potential resistance may be strong around 1.40 and 1.60.
As with most moves under the current conditions, a failure of BTC or other major coins to continue a slow climb from recent lows will overshadow the formation, sending XRP lower.
This is not trading advice, but rather educational. The market is still on very shaky ground despite the recent breakout on several coins. Trade wisely.