Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.XRP observed a transient range-bound oscillation in the $0.307-$0.367 zone that lasted nearly seven weeks.
However, the altcoin’s gradual increase in buying pressure led to a bullish flip of the $0.36 support. This growth entailed an ascending channel in the daily timeframe.Meanwhile, buyers were yet to find a convincing close beyond the supply zone (green, rectangle) to establish a robust bullish narrative.
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