XRP has drifted lower recently after holding up extremely well in the market collapse
We have fallen near $0.29 and are approaching a demand zone
This has been a strong support OB in the past and we can expect to see a similar reaction
If we do get a bounce, we could see a retest of supply above after some consolidation at this bounce zone
If we get a flush straight through this zone, it would indicate extremely bearish PA and new lows are very likely with downside targets outlined in the chart where we could expect some type of reaction from bulls
EMAs still trending lower with no sign of leveling off so far