🔸Hello traders, today let's review daily price chart for XRPUSD. strong gains recently off the range lows, trading in well-defined price channel with a strong sequence of higher lows / higher highs.
🔸We recently maxed out / triggered overhead resistance at 55 cents so naturally right now pullback in progress expect it to complete and mark yet another higher low at 40 cents.
🔸Recommended strategy bulls: expecting pullback/correction to extend into June 2023, bulls should be ready to buy low near 40 cents, stop loss at prior higher low at 35 cents. TP for this swing trade setup is 65 cents +60% gains from entry price. good luck traders!
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