XRP/USD: downtrend continues, but there is a possibility to buy

As it can be inferred from the DAILY timeframe chart of XRP, the price is currently sitting on the lower boundary of the descending channel. Although our bias remains bearish for this pair, we are eyeing a middle-term BUY position. We will be closely monitoring the current price action and looking forward to going long and aiming for the upper barrier of the formed channel.