XRPLong
XRP/USD Analysis: From Explosive Rally to New Bullish Setup
After breaking above the critical $0.65 resistance, XRP/USD surged dramatically, reaching a high near $3, close to its 2017 all-time high (ATH). As expected, a correction followed, but the bulls stepped in decisively at the $2 zone, halting further declines and establishing a strong support level.
Currently, XRP/USD is trading within a bullish flag pattern and appears to have broken above the pattern's resistance.
If this breakout holds, it could signal the beginning of a new leg higher, with a measured target around $3.70.
My preferred strategy in this scenario is buying dips, with a clear invalidation point if the price falls and stabilizes below the $2 support level.
Currently, XRP/USD is trading within a bullish flag pattern and appears to have broken above the pattern's resistance.
If this breakout holds, it could signal the beginning of a new leg higher, with a measured target around $3.70.
My preferred strategy in this scenario is buying dips, with a clear invalidation point if the price falls and stabilizes below the $2 support level.
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📈 Forex & XAU/USD Channel:
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💎 Crypto Channel:
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