XRPUSD has filled the Channel's low. Time to buy?

As you see XRP has been trading within a Channel Up since late 2020 and has so far made two perfect Higher Highs and Higher Lows, the latest of which was priced last week.

At the moment the big hurdle is the 1D MA200 (orange trend-line) which is being tested today but what confirmed the break-out during the last wave to a new Higher High was breaking above the 1D MA50 (blue trend-line).

Do you think based on this that we have a legitimate Higher Low on the Channel Up and a new Higher High will follow towards the end of Q3?




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