Kraken is down after the nasty drop overnight last night. Take a look at the 6hr XRPBTC chart from Binance. We had strong push higher on the Moneygram news this morning that was met by sellers at the 78.6% fib extension.
We have found new support at the 6hr 100 EMA (light blue) and the shorter-term EMA's have flattened with the 9EMA challenging the 50 EMA from below. A tightening accumulation pattern is also seen, but the high upper shadow suggests we make at least 1 additional test of support (hopefully on continued low volume) or establish a higher low before challenging the 78.6% extension again.