Looks like XRP is consolidating in a falling wedge. The Stoch/RSI is showing oversold on XRP/BTC. With the current market trend its hard to determine whether or not this will continue downwards or break out of the channel with some upward momentum. Putting a buy order a few notches higher than the the top trend line in hopes that a breakout will occur. Stop loss will be put just below the bottom trend line. I currently have no XRP allocated in my portfolio and am potentially looking to get in based on what will happen within today or the next couple days.
Comment:
This is a more accurate depiction of the channel. Watch for any break below or below the trend lines.