XRP appears to be in a strong uptrend. The price has been steadily rising over the past few weeks, with healthy pullbacks. The volume has also been increasing, which suggests that there is strong buying interest in the market.
Ripple Secures NYDFS Approval for RLUSD Stablecoin also will push XRP higher
Short-Term Outlook:
Bearish Scenario: If the current support around 141.60 breaks, USD/JPY could head lower, testing 140.00 or below.
Bullish Rebound: If support holds, expect a possible rebound to 143.00 or higher, depending on market sentiment.
The trend suggests higher highs and higher lows, signaling a longer-term bullish trend for Bitcoin. This projection predicts a potential rise towards $90,000 and possibly beyond.
Short-Term Consolidation: The inner smaller channel (marked within the larger one) shows a consolidation or corrective phase. This could be a bullish flag within the broader trend,...
The chart shows previous instances where the DXY reversed after similar declines. If there's a historical pattern of reversal at similar levels, this could support the potential for a bounce.
Based on the current indicators, there's no strong confirmation of a reversal yet. However, the price is approaching a potential support level, which could provide a bounce...
According to economic calendars CPI & retail sales will cause a slight dip sep 13,14
then 20th high interest rates should bring it back up
Following the parallel channel and simple support/resistances
