The XRPUSD cryptocurrency pair also moves within the bounds of the bullish yellow channel.
Most likely, the target for the price is the upper wall of the yellow channel and the resistance level of 0.305, so in the next trading weeks, we could see the continuation of a powerful bullish trend.
An alternative scenario can be implemented if the bulls lose strength and fall below the red line of the moving average. At the moment, we can assume that the support level that the moving average forms is near 0.246. If the market goes below this level, the bears will open the way to the lower wall of the yellow channel and the support level of 0.231.
