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XRP has been making lower lows for an extended period of time. It tried to break the cloud on the 4H a couple of times before ( purple squares ) but got rejected. Third time is a charm I guess since now it did manage to break through the cloud and R1 on the 4Hour chart.
This could be an early indication of a trend reversal, but we have to be careful since the Daily chart is telling a different story. It has only broken the Tenkan ( yellow line ) up and is still trading under the Kijun ( Dark Blue line ), the only indication we have for a possible reversal on the Daily chart is that it bounced off the S1.