XRP Trend Line Retest After a Breakout

Feb 4, 2021

XRPUSD



Today we formed yet another higher high after recent shakeout that happened on 1st of Feb. One could argue that in this shakeout we successfully back tested a descending trend line, so that is clearly a bullish sign.
Let us not forget that we could still be reaching much lower to possibly test lower trend line in a short term but that is just little noise in a price chart compared to what is coming.

I am not a financial advisor so don't buy anything that a say, cause a could be wrong. It's always the best to use your own research when deciding how to trade.
Be well.