xrpusd 8h bullish structure compression tp 40% gains

7 Mac 2023

Hello traders, today let's review the updated outlook for XRPUSD,
this is 8hour chart. noteworthy compression in progress, recently
we had a stops sweep over higher high at 42 cents, which resulted
in the new wave of liquidations. The bullish structure resembles the
expanding triangle setup, expecting bear trap and stop sweeps below
recent lower low, which was printed at 34 cents in January.
so the next low should come up at 32 cents, which is a low risk
entry on buy side for the bulls. swing trade setup, final TP bulls
is +40% gains at 45/46 cents.

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