$XRP (1W)
Analysis:
XRPUSD is showing a strong bullish trend, moving up in a 5-year Channel Up since the COVID bottom. The recent rally kicks off a new cycle. Both the 50-week and 200-week moving averages are supporting the rise, indicating positive momentum and potential for further gains.
Price Targets:
With the previous cycle high reaching $6.000, the next target could align with this, potentially hitting near $6.000 again in line with the established channel. Keep an eye on the upper trend line as a possible resistance zone.
