FX.co ★ XRPUSD in bullish channel.

XRPUSD reached as high as $0.91 yesterday. Price is steadily moving higher and has formed a bullish channel. XRPUSD has the potential to move closer to the upper resistance boundary which is now found at $0.94-.95.

Blue lines- bullish channel

Green line- major support

XRPUSD is trading inside the short-term upward sloping bullish channel. Support by the lower channel boundary is at $0.8365. Bulls need to hold this in order to be able to reach the next resistance at $0.94. Let's not forget that XRPUSD continues to trade inside a long-term triangle pattern and price is approaching the upper channel boundary as expected.