On 4 hours time frame. Xrp/btc recently just fail to maintain their value above 200 EMA and look like it will just cross the uptrend and down trendlines.. which is bearish for a long term..
see fibonacci retracement for potential support and resistance for short term.
Indicators :
DMI : DMI- is spike up like crazy, DMX is still weak but starting to pointing upward. bearish trend dominate for now.
MACD : histogram seller is coming out of nowhere, MACD line start to go down into bearish area(below 0)
MFI : it's hovering around oversold/bearish area.
Volume MA is slightly rising due to recent seller volume
here's a important support aside from resistance. tagged in green line.
previous lowest price may 26 2019 : +- 4660 satoshi
lowest price on may 13 2019 : +- 4000 satoshi
this chart invalidated once the price somehow manage to get back above recent down trendline or up trendline, reform a next reversal pattern which i didnt see it for now.. or prolonged sideway.
thank you for your time to read this whole post. please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
invalid this symmetrical triangle pattern if there's prolonged side way.