XRPUSD A healthy pull-back before reaching 0.65000.
It was on December 30 2022 when we last analyzed XRPUSD and gave you a long-term buy signal at the bottom:
Following that it has been trading within a Channel Up pattern starting on the June 14 2022 market bottom, so effectively for a full year. The current short-term Cup formation was last completed on January 23 and started a 6 week pull-back before making a run for a Higher High.
As a result, we expect a pull-back to the 1D MA200 (orange trend-line) and then rebound towards the top (Higher Highs trend-line) of the Channel Up. Our target is 0.65000.
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Following that it has been trading within a Channel Up pattern starting on the June 14 2022 market bottom, so effectively for a full year. The current short-term Cup formation was last completed on January 23 and started a 6 week pull-back before making a run for a Higher High.
As a result, we expect a pull-back to the 1D MA200 (orange trend-line) and then rebound towards the top (Higher Highs trend-line) of the Channel Up. Our target is 0.65000.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
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