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XRPUSD Price analysis: Moving in channel possible to confirm 0.1

BITSTAMP:XRPUSD   XRP / U.S. Dollar
XRPUSD is moving in a huge channel where it already moved to the lower line several time
which is certainly more bearish than bullish .

This channel can also break to the upside but as there is important resistance this is at the
the moment not more possible than the bearish scenario.

The last times XRPUSD showed heavy declines to the downside which will go on when the coin
confirms below the lowest line of the triangle.

The RSI is sending more bearish signs which can lead to a test of the oversold region which is
matching to the more possible bearish outcome scenario.

The MACD has the potential to confirm a bearish crossover to the downside when the faster
moving blue MACD line crosses the orange signal line to the downside.

There can be a trade when XRPUSD falls below the line with a trade of the lower low.

TREND: Sideways

EXPECTATION: Breakout

TREND AFTER EXPECTATION: More possible downside

INDICATORS: MACD: Bearish crossover incoming possible, RSI: Looking for oversold region possible

PREV: 0.17709

OPEN: 0.17721

VOLUME: 47.918M

DAY'S RANGE: 0.17473 — 0.17776

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