XRP: What To Expect NEXT (After BIG Move Up)

Here we are looking at XRP on the Daily TF…

Currently, we have broken out of the local downwards sloping channel that we have been trading within the last month or so…

This comes after ANOTHER bounce off of the macro support line (yellow) that dates back all the way to March of 2020.

Currently, XRP finds itself in a strong local resistance cluster. In order for it to continue bullish, I’d have to see it consolidate near its highs it put in yesterday, and then continue to the upside.

While it’s still early in its development, I will continue to monitor and give you guys updates as I see fit!

Are you trading XRP right now? Let me know in the comments!

Cheers!