XRPUSD, Completed Flag-Formation, Upcoming Developments!
Hi,
Welcome to this analysis about XRPUSD, we are looking at the 30-minute timeframe perspectives. Since XRPUSD has shown up with heavy bullish alignments on the global perspectives moving above important resistances it now approached a higher overbought condition. From the local timeframe perspective, XRPUSD recently completed this bear-flag with the bounce below the boundary from where it is now likely to show up with further bearish continuations testing the lower levels of support mainly the support-cluster marked in blue where several supports coming together, when XRPUSD manages to bounce in this zone then this can lead to bullish stabilization otherwise when this does not happen XRPUSD will increase bearish pressure below.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
Welcome to this analysis about XRPUSD, we are looking at the 30-minute timeframe perspectives. Since XRPUSD has shown up with heavy bullish alignments on the global perspectives moving above important resistances it now approached a higher overbought condition. From the local timeframe perspective, XRPUSD recently completed this bear-flag with the bounce below the boundary from where it is now likely to show up with further bearish continuations testing the lower levels of support mainly the support-cluster marked in blue where several supports coming together, when XRPUSD manages to bounce in this zone then this can lead to bullish stabilization otherwise when this does not happen XRPUSD will increase bearish pressure below.
In this manner, thank you for watching the analysis and great contentment for everybody supporting, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the market.
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