XRP Managed To Stay In Highly Bullish Channel

Yesterday XRP had a little correction, but has managed to stay in the bullish channel area that has been formed with the recent rise in price. We could still fall down from that area, but looking at the RSI indicator, i highly doubt it.
Upon touching yellow resistence line, price could go down to back test an orange line, from where we should bounce back up, breaking above green resistence line to reach higher targets.

I am not a financial advisor so don't buy anything that a say. Successful investment to everyone.

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With this correction RSI shows that there was no overselling pressure, just a little cool down, which i think is a sign of a stable and healthy price growth.

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I am sorry.
I've labeled this idea as short. I meant long or neutral. I just made a mistake at labeling it. Will be more careful in the future

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Labeling it as short, in my mind i was thinking as a shorter in a timeframe.

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It looks like we will be falling down from this channel, if this happens a 0.382 or 0.236 fib level could be back tested

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If not.....then you get the idea what can happen ;)

AVA37

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AVA37