XRPUSD; Double Bottom

A double bottom and a break above the downtrendline should be ingredients for a further rise in this crypto.

Ofcourse, at the minimum a higher high should be set for confirmation, i.e. a rise above 0.4782, the latest high. Some decent resistance could be seen after 0.5500/0.5700 zone. Eventually however, if the higher high is set a standard 38.2% or 50% Fibonacci correction levels is likely (0.6200 and 0.6800)

It looks like buying would not hurt here and risk/reward looks nice.


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