XRP monthly chart might bounce from this channel

16 thg 11, 2022

As can be seen in the XRP monthly chart, there is a multi year ascending channel defined. The XRP price action and corresponding monthly RSI, have respected this channel so far in the last few years, as can be seen in the different yellow circles (peak bear market periods), orange circles (transitional market periods) and green circles (peak bull market periods). Let's see if this channel continue to be respected in the future years to come, which will be very bullish for the XRP price action.