Since the bear cycle started following the top on Apr 14, 2021 and forming the (unbroken) lower highs trend line (bear cycle resistance), we’ve had two more Death Cross patterns, one that immediately started a strong rally (Jul 18, 2021) and one Easy to sell (30 Dec 2021). Because the price has fluctuated between 1D MA50 and mid-June authorize The eruption that occurs first. A break above the 1D 50 moving average would target the trend line of the inner (dashed) lower highs then April 2021 by extension, while a break below June Will target -0.236 (As of May 11, 2022) if not less (-0.382 Fibonacci).(0.31450 – 0.28680) This crossover is likely to occur
In the long term, we can only expect XRP to turn into oneIf it breaks above the 2021 lows, the 0.618 Fibonacci level is preferred, as it failed on September 23, to be the first higher peak in more than 1.5 years.