KirkBarton

XRP/USD: trading within the corrective sideways channel

XRP/USD, D1

The XRP/USD pair moves within the corrective sideways channel, reversing downwards at 1.1146.

A sideways range forms on the global chart, and after yesterday's sharp decline, the price reached its support line level. Technical indicators are in the state of a buy signal but are already ready for a reversal: Alligator indicator's EMA fluctuations range began to actively narrow, and the AO oscillator histogram forms downward bars.
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