XRP (RIPPLE) Airdrop and descending channel

XRP/USDT

Hello guys

-The Airdrop news (SPARK token) dumped the price hard last few hours ..this drop short term is expected ( buy the rumors sell the news )
Its normal market behavior no thing to
worry about in long term until now

Now we can see in chart :
-Descending channel is detected clearly
Which is Bullish pattern
-The price rested the upper trendline 5x times
-Price between 50 EMA (dynamic resistance)
And 200 EMA (dynamic support)
-RSI is bullish and show bullish divergence


the most safest approach is to buy only after clear breakout of channel and EMA 50...if that ONLY happen according to our strategy we can set a nice buy orders with potential targets 0.7$ short term and more

Good luck and thanks for support ✅😊