Bearish but technically at support
Comment:
Looks to be breaking out of the channel again after a breakout and return to channel yesterday. At the time that looked bullish so I didn't take a trade but it's falling out of a very noticeable pattern right now. There are a lot of eyes on xrp at the moment so I wouldn't be surprised to see big player taking long liquidity and buying into the breakdown here. Also has nearby strong fib support. Going to watch it develop a little more for now
Comment:
15m looks really bearish, though. Looks like pretty clean head and shoulders and some really bearish candle signals with that gap down into bearish engulfing/dark cloud cover. I'll watch to see how it reacts on pullback to neckline and may snap-short it
Comment:
This should be the area where we get a better idea of what it's going to do. It's coming to an inflection point. Looks like it could just be a retest of the triangle/head and shoulders breakdown. A break back over neckline and right shoulder would look quite bullish