"This is a red flag warning for XRP. On the , we can see that sell side momentum is increasing, making further downside likely. Support lies at the 38.2% retrace, right around $2.13."
What happened since then? Ripple fell as low as $1.90, piercing straight through my downside projection of $2.13. However, the buyers were quick to buy the dip, as you can see by the "Bullish Accumulation" on the selloff candle. Technically, XRP is now in a downtrend. Since the all time high, it has made a succession of lower highs and lower lows, and it has formed a downtrend . Additionally, we can see that Ripple is hanging on for dear life above the 50 (in orange,) and the is showing steady sell-side momentum. Looking at the indicator, we can see big tall red bars, and little short green bars — so big money sellers, and small money buyers. Obviously, the overall picture has turned short term for XRP. Now, the bulls need to get above the descending , and take out the "Previous High," to negate the downtrend. Another rejection at the top of the descending could be disastrous for XRP.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***