XRPUSD: Don't expect new Highs anytime soon.

13 thg 4, 2023

XRPUSD has been trading sideways for 10 days in a row and despite being on high ground relative to last month's lows, the 1D technicals are gradually turning neutral (RSI = 59.192, MACD = 0.022, ADX = 33.580). This is because the price is still trading inside the long term Channel Up and recently the Higher High was priced. Repeating the top structure of September/October, a decline to the Channel's bottom is more probable, unless the March 29th High breaks first.


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