CBDC's Favourite Bridge Currency

31 Jan 2023

Based on chart, outer trendline already did break and retest structure. While inner trendline now being test and we will wait until it break to get double confirmation from trend perspective. On chart pattern, possible XRPUSDT to make double bottom pattern which first leg had been made and another will follow if they want to form a pattern. Fundamentally, many experts expecting FED to increase 25 bsp from their current interest rate which indicate that FED will slow down their rate increment. Low rate will cause demand to debt market drop and equity market shoot up. Big investor need to rake as much return they can get in equity market which increasing volume in the market.