XRPUSD, Main Resistances Remaining, Important Considerations!

Hi,

Welcome to this analysis about XRPUSD, we are looking at the 6-hour timeframe perspectives. XRPUSD since showing up with bearish continuations to the downside moved and tested the lower supports initially to the upside, however, did not yet convert this into a sufficient reversal. Besides that XRPUSD has formed this ascending channel with the coherent wave-count within and the remaining wave C to the development next time which will run directly into the upper remaining resistance-cluster from where a pullback is highly likely and should be expected. When this pullback moves below the lower boundary this will be the completion of the channel as a bear flag and set up for further continuations, for now, it is necessary to be prepared on potential further downside volatility.

In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
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Information provided is only educational and should not be used to take action in the market.